Big Sky Interest Rate update
Big Sky has today announced it will increase variable interest rates by 0.15% p.a. on all Big Sky and Australian Unity investment home loans, effective Friday 16 December 2016. Changes to customer’s minimum repayments will not take effect until 6 January 2017. All impacted customers will be notified with information regarding changes to their minimum repayments.
The decision to raise rates has been carefully considered and is guided by our commitment to deliver sustainable value for all members, as well as maintain a competitive market position while balancing rising funding costs and ongoing compliance with Australian Prudential Regulation Authority (APRA) recommendations and guidelines around investment lending.
Customers who would like to learn more about these changes and our home loan investment products are encouraged to talk to their personal banker or contact Big Sky on 1300 654 321.