Interest Rate Update: Variable Rates Reduced by 0.25% from 2 June
We’re pleased to announce that effective 2 June 2025, variable interest rates across our home and personal loan products will be reduced by 0.25%.
This rate reduction reflects our ongoing commitment to supporting members in managing their financial wellbeing, especially in a dynamic economic environment. For many, this change could mean lower monthly repayments and an opportunity to get ahead on your loan.
What does this mean for you?
- If you have a variable rate home or personal loan, the 0.25% reduction will automatically be applied from 2 June.
- If your payments are made by payroll allocation, our team will automatically update the repayment amount effective from 2 June 2025. If you make repayments by other means, no changes will be made to your repayment.
If you’d like to understand how this change affects your loan or explore ways to make the most of the new rate, contact our team at loans@bankorange.com.au or 02 6362 4466
Thank you for banking local with Bank Orange.
