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Unity Bank reduces loan interest rates for its Members.

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With the Reserve Bank of Australia lowering the cash rate by 0.25% and with the overall market rates now falling to a further historic low, Unity Bank has undertaken a comprehensive review of rates on our variable rate loans and savings products.

Our priority at Unity Bank remains always to provide our Members with competitive lending rates and, at the same time, we have a responsibility to our depositors who will be impacted by this low-interest rate environment.

To accommodate these competing Member interests, Unity Bank will be reducing the rates on all variable rate home loans while also maintaining competitive rates on our most popular savings and deposit accounts.

Loan Rate Changes effective 1 July 2019

For owner occupied, the variable home loan rate will be reduced by 0.18% p.a.

For investors, the variable investment property loan rate will be reduced by 0.15% p.a.

If you require any further information about the impact of the above rate reductions, please give us a call on 1300 36 2000.