News

We understand that buying your first home is a significant milestone, often referred to as "the great Australian dream." We’re excited to announce the launch of our First Home Buyer Loan, designed specifically to support our young members in making this dream a reality. Our new First Home Buyer Loan offers a competitive interest rate, making it more affordable for first-time buyers to enter the property market. In addition to this attractive rate, we’ve waived establishment fees, and there are no monthly or annual fees associated with the loan. This means more savings for the borrower as they embark on their homeownership journey. Our dedicated lending team are here to assist every step of the way, ensuring a smooth and stress-free experience. If you know someone who’s ready for home ownership, please send them our way. We pride ourselves on exceptional customer service and are committed to helping our members’ dreams come true.

In response to the Reserve Bank of Australia decision on 20 May 2025 to reduce the cash rate by 0.25%, Horizon Bank will be passing on the full benefit of this interest rate cut to our variable rate residential mortgage borrowers. This 0.25% decrease will take effect on 1 June 2025. We hope that this decision will help ease the cost-of-living pressures for our borrowers and provide some financial relief during these challenging times. If you have any questions or would like more information, please do not hesitate to contact your local branch.Thank you for your continued support of Horizon Bank.

What a weekend it was! The four major prize winners just enjoyed the ultimate Melbourne Race Weekend experience, thanks to Visa. A big congratulations to the winners—a passionate author, who is writing a book about race cars and now has real-life inspiration; a dedicated police officer who shared the thrill with their partner; a 19-year old motorsport enthusiast who made unforgettable memories with his dad; and a hardworking plumbing business owner, who took a well-earned break at the track. We also congratulate the secondary prize winners, who received exclusive Visa merchandise and racing-themed goodies.

Last Monday on the TODAY show, 9News Money Editor Effie Zahos reported on the current state of fixed and variable home loan rates. She declared that “Horizon is just doing wonders out there”. She went on to say “It has some great deals across its fixed rates. It’s got the cheapest variable ... 5.64% is now the lowest. These are sharp rates because probably the average is still around 6 and half out there”. The great news just kept coming with Canstar, an independent interest rate comparison site, awarding Horizon Bank 5 stars as a Fixed Home Lender and Fixed Investment Lender. Finder.com.au, another independent interest rate comparison site, announced Horizon Bank as being short-listed for their 2025 awards for the 'Investor IO 1 Year Fixed Home Loan' category.

RBA 0.25% Interest Rate decrease In response to the Reserve Bank of Australia decision on 19 February 2025 to reduce the cash rate by 0.25%, Horizon Bank will be passing on the full benefit of this interest rate cut to our variable rate residential mortgage borrowers. This 0.25% decrease will take effect on 1 March 2025. We hope that this decision will help ease the cost-of-living pressures for our borrowers and provide some financial relief during these challenging times.If you have any questions or would like more information, please do not hesitate to contact your local branch. Thank you for your continued support of Horizon Bank.