Following the Reserve Bank of Australia’s (RBA) decision to cut the cash rate by 0.25%, Geelong Bank will reduce variable home interest rates for existing borrowers by 0.25% per annum (p.a.) from 7 March 2025. 

Rates

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1 Year Fixed Rate Home Loan Interest Rate (p.a.) Comparison Rate (p.a.)
Owner Occupied - P&I LVR ≤80%
Owner Occupied - P&I LVR <80% to ≤90%
Owner Occupied - P&I LVR >90%
Owner Occupied - IO LVR ≤80%
Owner Occupied - IO LVR <80% to ≤90%
Owner Occupied - IO LVR >90%
Investment - P&I LVR ≤80%
Investment - P&I LVR <80% to ≤90%
Investment - IO LVR ≤80%
Investment - IO LVR <80% to ≤90%
2 Year Fixed Rate Home Loan Interest Rate (p.a.) Comparison Rate (p.a.)
Owner Occupied - P&I LVR ≤80%
Owner Occupied - P&I LVR <80% to ≤90%
Owner Occupied - P&I LVR >90%
Owner Occupied - IO LVR ≤80%
Owner Occupied - IO LVR <80% to ≤90%
Owner Occupied - IO LVR >90%
Investment - P&I LVR ≤80%
Investment - P&I LVR <80% to ≤90%
Investment - IO LVR ≤80%
Investment - IO LVR <80% to ≤90%
3 Year Fixed Rate Home Loan Interest Rate (p.a.) Comparison Rate (p.a.)
Owner Occupied - P&I LVR ≤80%
Owner Occupied - P&I LVR <80% to ≤90%
Owner Occupied - P&I LVR >90%
Owner Occupied - IO LVR ≤80%
Owner Occupied - IO LVR <80% to ≤90%
Owner Occupied - IO LVR >90%
Investment - P&I LVR ≤80%
Investment - P&I LVR <80% to ≤90%
Investment - IO LVR ≤80%
Investment - IO LVR <80% to ≤90%
Affinity Home Loan Interest Rate (p.a.) Comparison Rate (p.a.)
Owner Occupied - P&I LVR ≤80% 7.16% pa 7.41% pa
Owner Occupied - P&I LVR <80% to ≤90% 7.26% pa 7.51% pa
Owner Occupied - IO LVR ≤80% 7.76% pa 8.00% pa
Owner Occupied - IO LVR <80% to ≤90% 7.91% pa 8.15% pa
Investment - P&I LVR <80% 7.56% pa 7.80% pa
Investment - P&I LVR >80% 7.74% pa 7.98% pa
Investment - IO LVR <80% 8.01% pa 8.25% pa
Investment - IO LVR >80% 8.21% pa 8.45% pa
Mutual Home Loan Interest Rate (p.a.) Comparison Rate (p.a.)
Owner Occupied - P&I LVR ≤80%
Owner Occupied - P&I LVR <80% to ≤90%
Owner Occupied - P&I LVR >90%
Owner Occupied - IO LVR ≤80%
Owner Occupied - IO LVR <80% to ≤90%
Owner Occupied - IO LVR >90%
Investment - P&I LVR <80%
Investment - P&I LVR >80%
Investment - IO LVR <80%
Investment - IO LVR >80%
HomeBuilder Loan Interest Rate (p.a.) Comparison Rate (p.a.)
Owner Occupied - P&I LVR ≤80% 6.67% pa 6.70% pa
Owner Occupied - P&I LVR <80% to ≤90% 6.77% pa 6.80% pa
Owner Occupied - P&I LVR >90% 6.87% pa 6.90% pa
Owner Occupied - IO LVR ≤80% 6.67% pa 6.70% pa
Owner Occupied - IO LVR <80% to ≤90% 6.77% pa 6.80% pa
Owner Occupied - IO LVR >90% 6.87% pa 6.90% pa
Relocation Home Loan Interest Rate (p.a.) Comparison Rate (p.a.)
Bridging Finance up to 12 months (with no end loan) 9.11 % pa 9.14 % pa
Bridging Finance up to 12 months for sale and 30 years for remaining loan (with end loan) 7.96 % pa 7.99 % pa

Save on your home loan today

5.89 % pa  Variable interest rate <60%

6.72 % pa  Comparison rate

The perks are on the house

1% lower rate for the first two years1

  • 100% mortgage offset account
  • Free redraw
  • Loads of handy features, including internet banking, split loan and flexible payment options

Footnotes:

  • 1 Comparison rate is based on a secured loan amount of $150,000 over a term of 25 years. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
  • 2 Interest rate is 1% below the Geelong Bank Mutual Home Loan variable rate, (determined by loan to value ratio and repayments) for the first two years of the loan. At the end of two years, the interest rate reverts to the carded Geelong Bank Mutual Home Loan variable rate.

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