CUA passes on full rate cut to borrowers with 5.6% standard variable offering

CUA has cut its standard variable home loan rate by 25 basis points to 5.60% - an average of 57 basis points lower than the average of the big fours banks.

It has also announced fixed rate cuts with its three-year fixed rate home loan by 11 basis points to 4.99% and cut its three-year fixed rate premium home loan to 5.30%. 

The rate breaker package product will be reduced to 5.17% while CUA’s one year introductory standard variable rate will be reduced by 25 basis points to 5.22%.