UBank to pass on 0.25 percent p.a. rate reduction to variable rate customers

UBank to pass on 0.25 percent p.a. rate reduction to variable rate customers
Property ObserverDecember 7, 2020

UBank have announced it will reduce variable rate loans by 0.25% bringing the standard variable headline rate for new Owner Occupier P&I loans down to 3.74 percent p.a. including a discount of 0.43 percent p.a as part of a value offer.

The new standard variable rate will be effective Monday 16 May 2016. 

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