Thursday 19 March 2020

The Reserve Bank of Australia decreased the official cash rate to 0.25%.

Please check below for details of revised interest rates as a result of this RBA decrease.

If you are unsure about which product you currently have, the easiest way to find out is to check your statement. If you have a query pertaining to a specific product, please use the contact details provided in the below links.

Interest rates will remain unchanged.

Last Thursday and in response to global economic disruption due to the COVID-19 crisis, the RBA dropped the Cash Rate to 0.25%. The RBA is trying to push rates down because the higher perceived risk to the international economy has meant that the global cost of money has actually been increasing, if modestly, over recent times.

We are hoping that the combined efforts of central banks and governments will lead to an easing of that trend and ultimately a reversal but for the time being our rates will remain unchanged.

We understand this will be disappointing to those hoping to see rates decrease further from their record lows and we will be monitoring funding costs closely in the hope that the situation reverts to something closer to normal.

GUIDANCE FOR CUSTOMERS WITH CHANGING CIRCUMSTANCES

If you are under pressure as a result of the impacts of the COVID-19 crisis or simply want to know what options you may have should you be, please contact us to discuss your situation. There are a number of options that may be available depending on your personal circumstances including:

  1. Accessing surplus funds in your offset account or your available redraw amount.
  2. Reducing payments to the minimum monthly requirement.
  3. Temporarily converting to interest only repayments.
  4. An individual review of your circumstances.

Like many businesses, we are currently moving our staff to work from home and, that, in combination with increased customer enquiries will likely lead to some delays with our phone service. We apologise in advance and ask for your patience and understanding.  If you have contacted us via email or left a phone message we work to respond and return all calls as quickly as possible and assure you we will address all inquiries.

Interest rates will remain unchanged.

For more information please contact Client Services on 1300 247 033 or email alpha@afghomeloans.com.au

Effective Monday 27 April 2020, the variable home loan interest rates for all existing Edge loans will be decreased by 0.10%p.a.

For more information please contact Client Services on 1300 543 558 or email customercare@advantedge.com.au

Interest rates are currently being reviewed.

For more information please contact Client Services on 1800 184 260 or email options@afghomeloans.com.au

Interest rates are currently being reviewed.

For more information please contact Client Services on 1800 467 483 or email icon@afghomeloans.com.au

Tuesday 3 March 2020

The Reserve Bank of Australia decreased the official cash rate by 0.25%.

Please check below for details of revised interest rates as a result of this RBA decrease.

If you are unsure about which product you currently have, the easiest way to find out is to check your statement. If you have a query pertaining to a specific product, please use the contact details provided in the below links.

Effective Monday 23 March 2020, the variable home loan interest rates for all existing Retro and Link loans will be decreased by 0.25%p.a.

Effective Friday 27 March 2020, the variable home loan interest rates for all existing Alpha loans will be decreased by 0.25%p.a.

For more information please contact Client Services on 1300 247 033 or email alpha@afghomeloans.com.au

Effective Friday 3 April 2020, the variable home loan interest rates for all existing Edge loans will be decreased by 0.25%p.a.

For more information please contact Client Services on 1300 543 558 or email customercare@advantedge.com.au

Interest rates are currently being reviewed.

For more information please contact Client Services on 1800 184 260 or email options@afghomeloans.com.au

Effective Thursday 19 March 2020, the variable home loan interest rates for all existing Icon loans will be decreased by 0.25%p.a.

For more information please contact Client Services on 1800 467 483 or email icon@afghomeloans.com.au

Contact Us

Being such a diverse company, AFG has a range of different divisions. Send through a quick enquiry and we'll be touch with you soon.

Not readable? Change text. captcha txt

Start typing and press Enter to search