Notice of Change to ADF Interest Rates

While there is much uncertainty in the marketplace, the ADF continues to focus on supporting our customers to achieve their goals and mission, by providing strong customer orientated solutions while balancing prudent financial management. A key part of this mandate is to review interest rate settings regularly to ensure they reflect market conditions whilst maintaining a balance between competitive investment returns and a fair borrowing rate to support capital development.

After careful consideration the ADF Board has approved a rate increase for all customers effective 1st July 2022.

The ADF’s new standard rates will be:

Standard Variable Loan Rate: 3.75%

Standard Investment Rates:
Up to $499,999 0.75%
$500,000 to $1,999,999 0.95%
Over $2,000,000 1.10%

The current volatility in market conditions will likely mean that there will be further increases in the ADF’s interest rates this year. While the ADF cannot confirm the quantum or timing of future interest rate changes, we will always look to balance the impact of the market conditions to provide good stewardship in support of the Mission of the Church.

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.

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.