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Media release Police Credit reduces interest rates by 0.25% in line with RBA9 December 2011 Police Credit will reduce interest rates on its range of home loans by 0.25% following the Reserve Bank of Australia’s decision to reduce the official cash rate. The variable home loan rates will be effective for existing PC borrowers from Monday 19 December 2011. All new borrowings from 12 December 2011 will benefit from the lower rates. Owner-occupied and investment home loan interest rates will decrease as follows: | Product | Old rate % p.a. | New rate % p.a. | Change % | | Standard Variable Rate Loans – Mortgage | | Standard Variable Home Loan (L27) | 7.04 | 6.79 | -0.25 | | Line of Credit (L9) | 7.04 | 6.79 | -0.25 | | Interest Only (L17) | 7.04 | 6.79 | -0.25 | | Discount Variable Rate Loans – Mortgage | | 2 Year Discount Variable (L27) 0.70% discount – "Special Offer" | 6.34 | 6.09 | -0.25 | | 1 Year Discount Variable (L27) 0.70% discount – "Special Offer" | 6.34 | 6.09 | -0.25 | | Premium Package | Standard Variable home loan
0.25% discount
(Loans < $250,000) | 6.79 | 6.54 | -0.25 | Standard Variable home loan
0.40% discount
(Loans > $250,000) | 6.64 | 6.39 | -0.25 | | Product | New rate % p.a. | | Fixed Rate Loans – Housing | | 1-year | 5.99 | | 2-years | 5.99 | | 3-years | 6.24 | | 4-years | 6.79 | | 5-years | 6.94 |
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Please check our interest rates for current savings and term deposit interest rates.
Fees and charges apply. Information on our terms & conditions, interest rates and fees & charges are available on request.
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