Passing on the full 0.25% RBA Rate Cut

Following the recent RBA decision on interest rates, Customs Bank will decrease its variable interest rate mortgages¹ by the full 0.25% as follows:

Goldrate Home Loan will decrease from 4.44% to 4.19%
Customs Value Home Loan will decrease from 4.82% to 4.57%
Premium Variable Home Loan (Owner Occupied) will decrease from 5.14% to 4.89%.

Still Lower than the banks
It is important to note that all the loans above still positions Customs Bank below the Big Banks:

Why our Members Continually Benefit
It is good to keep in mind that some banks do charge a monthly service fee on their home loans in the range of $8 to $10 and savings account offset fees which in effect does raise their interest rates. Customs Bank has no account keeping fees on its Premium, Goldrate or Customs Value home loan products. Plus they qualify for our Reduced Fees Program² to reduce (or even eliminate) fees and charges.

Terms & Conditions

1. Effective for new business 12.05.16 and for existing loans 27.05.16. This information was correct as at 10 May 2016 and was obtained from publicly available information located on the website of each financial institution. Please note that Interest Rates and Comparison Rates are subject to change. To the extent permitted by law, we accept no responsibility for the accuracy of information, or any loss you or any person suffers due to relying on information provided.

To be eligible for the Goldrate Home Loan, you must have a Customs Bank Visa Credit Card with a minimum approved limit of $2500, an S8 Online SuperSaver Account, whole of pay to Customs Bank prior to loan funding. Minimum loan amount is $50,000. Existing Customs Bank borrowers must borrow minimum $50,000 additional funds to be eligible. Not available where the amount of the loan exceeds 80% of the value of the security property, as determined by the Bank. Not available for investment purposes.

Customs Value Home Loan only available to current employees of Australian Customs and Border Protection Services and Australian Quarantine Inspection Services. Rate discounted against Premium Home Loan. Investment real estate lending is not available. Terms and conditions apply and are available on request. Fees and charges and lending criteria apply.

Terms and conditions apply and are available on request. Fees and charges and lending criteria apply.

2. Reduced Fees Program

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