Notice of Change to ADF Interest Rates

The ADF has again made the decision to review its interest rate settings, due to the ongoing extraordinary movement in market conditions. The nature of the constantly changing environment in which we operate requires that we regularly review our interest rates to ensure they reflect market conditions whilst maintaining a balance between our customers’ loans and investment requirements.

The ADF is committed to serving, supporting and empowering the Mission of our Church while maintaining long-term stability, and this ultimately drives every decision we make.  After careful consideration the ADF Board has approved a rate increase for all customers effective 1st October 2022.

The ADF’s new standard rates will be:

Standard Variable Loan Rate:                              4.95% 

Standard Investment Rates:

              Up to $499,999                                        1.85%

              $500,000 to $1,999,999                         2.05%

              Over $2,000,000                                      2.20%

The ongoing volatility in market conditions may result in further increases in the ADF’s interest rates this year. While we cannot predict future interest rate changes, the ADF will always look to balance the impact of the market conditions to provide good stewardship in support of the Mission of the Church. As part of this, the ADF aims to flatten out interest rate volatility as much as possible in order to provide our customers with more certainty.

To support our customers with loans and continue to provide certainty in these unusual times, please note that it is ADF practice not to vary principal and interest loan repayments when interest rates increase. As such, principal and interest loan repayments on existing loans will remain consistent at the existing repayments levels.

We would like to take the opportunity to thank you for your ongoing support of the ADF. If you have any questions or queries, please do not hesitate to contact your ADF Relationship Manager or the Service Delivery Team on 07 3324 3777.