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New interest rates for new and existing loans will take effect on 1 April 2020

Home Loan Interest Rate Changes

After a comprehensive review of the rates on home loans and our savings / deposit products, Sydney Mutual Bank has decided to reduce the rates on home loan products while also trying to maintain competitive rates on our savings products.

As a member owned bank, our focus is on finding a balance for all of our members so that our rates remain competitive for our depositors and borrowers.

The rates on variable rate home loan products (owner-occupied and residential investor, both new and existing borrowers) will be reduced by 0.25%.

The new interest rates for new and existing loans will take effect on 1 April 2020.