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Decrease in owner-occupied variable rate home and business term loans

18 October 2019

After careful consideration, Police Credit Union is pleased to announce that we will be passing on an interest rate cut of 0.14% p.a. to existing owner-occupied variable home term loans and business term loans. These new rates come into effect on Friday, 1 November 2019.

The 54 basis points that we have passed onto many of our borrowers since June 2019 has seen the lowest fixed and variable rate home loans ever offered in our 50-year history.