Wednesday, 3 October 2001

National Australia Bank has lowered its home loan and personal variable interest rates following today's decision by the Reserve Bank to reduce the official cash rate by 25 basis points.

Home loan lending rates will fall by the full 0.25% from Monday 15 October 2001.

The move sees the National's standard variable home loan rate fall from 6.56% to 6.31% and the base variable home loan rate move from 6.06% to 5.81%.

Mike Pratt, Chief Executive Officer of the National Australia Bank, welcomed the lower rates, which would help boost confidence in the economy.

 

 

 

* The information contained in this media release is for media advice purposes only. The contents are true and correct at time of publishing/issuing, however may change over time. For further information about NAB products or rates, please go to Interest Rates, Fees & Charges