The ADF remains committed to upholding and furthering the Mission of our Church, while prioritising long-term stability. Given the dynamic nature of our operating environment. we regularly assess our interest rates to align with market conditions, while also considering our customers loan and investment requirements.
The ADF endeavours to strike a balance between mitigating the effects ofimarket fluctuations and fulfilling our responsibilities as stewards in support of the Church’s Mission. Our goal is to minimize interest rate volatility to provide our customers with greater certainty and stability.
As part of our commitment to adapt to the ever-chansing market dynamics, we may periodically adjust our interest rates independently from the RBA’s cycle. This approach allows us to proactively align oun rates with prevalling market conditions and better serve the needs of our customers while maintaining financial prudence.
The ADF Board has approved a rate increase for all customers effective 1st September 2023.
The ADFs new standard rates will be:
Standard Variable Loan Rate: 6.20%
Standard Investment Rates:
Up to $499,999 3.10%
$500.000 to $1.999.999 3.30%
Over $2.000.000 3.45%
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 current repayments levels.
Once again, I 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