UBank to pass on 0.25 percent p.a. rate reduction to variable rate customers

Property ObserverMay 5, 20160 min read

UBank have announced it will reduce variable rate loans by 0.25% bringing the standard variable headline rate for new Owner Occupier P&I loans down to 3.74 percent p.a. including a discount of 0.43 percent p.a as part of a value offer.

The new standard variable rate will be effective Monday 16 May 2016. 

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