Nexus Mutual cuts home loan interest rates by 0.25%
Nexus Mutual is pleased to announce that it will be passing on the full interest rate cut of 0.25% p.a. to its variable rate home loans.
The announcement follows the recent merger with Beyond Bank Australia that was overwhelmingly endorsed by Nexus Mutual members.
"As a customer owned bank, we are always striving to pass on benefits to our customers,” said Nick May, General Manager Customer Experience, at Beyond Bank.
“We are pleased to be able to demonstrate our commitment to Nexus Mutual members by passing on the full rate cut.”
The new variable rates apply to owner-occupiers and residential investors and will take effect on 24 March 2020.