Effective 2 September 2024, TSB decreased its AgriBusiness, Commercial and Business variable and revolving credit interest rates as follows:
- A 0.15% decrease to variable rates
- A 0.15% decrease to the revolving credit rate
Because our rates have decreased, the applicable interest rate for customers:
- with existing lending in place as at 2 September 2024; and
- whose current interest rate* is made up of one of the rates that is decreasing,
will decrease by the same amount as the decrease in the relevant rate (this includes where a margin or discount is applied to your loan).
The decreases for these customers will be effective from 5 September 2024.
Helpful information to know
- The changes do not apply to fixed interest rate loans
- We’re happy to advise your specific rate and payment details on request
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For more information, feel free to ask one of the team - we’re happy to help.
*See your loan contract for information on which interest rate applies to your loan.