Variable Interest Rates Australia

Variable loan rates will fluctuate as the market and the official cash rate does.

Therefore if the official cash rate rises, your loan interest rate rises and so does your repayments on the loan, and vice versa.

Loans with variable interest rates tend to offer more flexibility in payment options.

The Commonwealth Bank today announced that it has cut the interest rate on its No Fee Variable Interest Rate Home Loan.

Effective today, the bank will reduce its no fee mortgage by 13 basis points to 7.11 per cent.

Group executive retail banking service Ross McEwan said CBA’s no fee home loan has been [...]