Unicredit Decreases Standard Variable Home Loan Interest Rate To 5.40% p.a. Talk to us Phone us Email us Breadcrumbs UniBank About Us Member news & media 2013 Unicredit Decreases Standard Variable Home Loan Interest Rate To 5.40% p.a. 20 May 2013 20 May 2013 Unicredit Decreases Standard Variable Home Loan Interest Rate To 5.40% p.a. The University Credit Society Ltd (‘Unicredit’) has decreased our standard variable home loan interest rate to 5.40% p.a. effective from Monday 20 May 2013. As can be seen in the comparison table below, this keeps Unicredit in a very competitive position in the home lending market and maintains our standing as a viable and appealing alternative to the major banks and other financial institutions. Who Standard Variable Rate Effective Date Unicredit 5.40% p.a. 20 May 2013 ANZ Bank 6.13% p.a. 17 May 2013 Bank of Queensland 6.26% p.a. 24 May 2013 BankWest 6.14% p.a. 20 May 2013 Commonwealth Bank 6.15% p.a. 13 May 2013 National Australia Bank 6.13% p.a. 13 May 2013 P&N Bank 5.95% p.a. 21 May 2013 Westpac Bank 6.26% p.a. 20 May 2013 (Source: Company media releases post RBA announcement 7 May 2013) Unicredit is also pleased to advise that we are decreasing our fixed options home loan rates across all terms from 1 year, 2 year, 3 year and 5 years as shown in the following table. Term Fixed Rates 1 year 5.40% p.a. 2 year 4.99% p.a. 3 year 5.09% p.a. 5 year 5.45% p.a. NB. Effective from 20 May 2013 Being a mutual, Unicredit is committed to reinvesting profits back into the society, allowing us to continue providing a strong and stable financial environment for our members as well as outstanding member service, better products, competitive rates and fairer fees. Unicredit CEO Steve Targett adds, “As can be seen by our market leading rates, Unicredit remains committed to being a cost effective alternative to major Banks and other competitors in the Western Australian market.”
