Interest rate update – 19 October 2022

Following the decision of the Reserve Bank of Australia (RBA) on 4 October 2022 to increase the official cash rate, we have reviewed our lending interest rates.

What rates are changing?

Home loan rates

Effective 19 October 2022, all variable home loan rates will be increasing.

Fixed home loan rates for new customers will be increasing effective 19 October 2022.

Business loan rates

Effective 19 October 2022, all variable business loan rates will increase by 0.25% per annum for new and existing customers.

What this means for you

For our customers with variable rate loans, you will receive a letter shortly detailing your new interest rate and minimum monthly repayment.

More information and support​

You may have questions about the changes, so we have answered some of the more commonly asked questions here.

If you are experiencing financial difficulties, or anticipate that you may, the best thing you can do is speak to us as soon as possible. Please call us on 1300 004 863 or email customercare@humebank.com.au