Following the February RBA (Reserve Bank of Australia) meeting, the RBA announced that the official cash rate has been reduced by 0.25%. What this means for you is that Dnister will pass on the full amount of this reduction to our members’ loan accounts.
Please refer to the table below for an indication of the monthly savings for the various loan amounts based on a 0.25% interest rate reduction.
| Loan Amount | Indicative decrease in monthly repayments* |
|---|---|
| $100,000 | $14.47 per month |
| $150,000 | $21.70 per month |
| $250,000 | $36.17 per month |
| $350,000 | $50.64 per month |
| $450,000 | $65.11 per month |
| $550,000 | $79.58 per month |
* Calculated on the basis of the Loan Amount being fully amortised over a term of 25 years. Assume no other interest changes for the term of the loan. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers or loan offset accounts, are not included.
For more information or to discuss the recent rate changes, contact one of our branches or view our current rates and products.
