Effective 24 November 2022
Effective 24 November 2022, TSB increased its AgriBusiness, Commercial and Business variable and revolving credit interest rates as follows:
- A 0.75% increase to variable rates.
- A 0.75% increase to the revolving credit rate.
Because our rates have increased the applicable interest rate for customers:
- with existing lending in place as at 24 November 2022 and
- whose current interest rate* is made up of one of the rates that is increasing,
will increase by the same amount as the increase in the relevant rate (this includes where a margin or discount is applied to your loan).
The increases for these customers will be effective from 8 December 2022.
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
Contact us
For more information, feel free to ask one of the team - we’re happy to help.
*See your home loan contract for information on which interest rate applies to your loan. Note that our special variable rate is generally available for customers who have a deposit of 20% or more.