The Commonwealth Bank will cut its standard variable home loan interest rate by 0.10% following the Reserve Bank of Australia's cut to the official cash rate. The Bank's new standard variable rate will be 5.64%. Our Line of Credit will be reduced by 0.05%.
The new rates will be effective from Friday 17 April 2009 for new and existing customers.
The new rates will be effective from Friday 17 April 2009 for new and existing customers.