All of January’s out-of-cycle rate changes

Posted: 3 January 2018 1:47 pm
News
new year jump guy

Which lenders have made it their resolution to move on rates?

The Reserve Bank doesn’t meet in January, so we’ll have to wait until next month to find out the future course for the official cash rate. At its final meeting of 2017, the RBA board chose to leave the cash rate untouched at 1.50%.

But while the RBA may still be on holiday, lenders are back at work and making moves. Last month, six lenders in the finder.com.au database made out-of-cycle rate changes.

We’ll keep track of all January’s out-of-cycle rate changes in the table below. If you see a better deal than you’re currently getting, it could be a great time to refinance.

Non-major lenders

LenderChangeLoans affectedDate effective
Bendigo BankUp by 0.20%Low Doc Interest Only Term Loan, Basic Variable Rate (owner occupier + interest only), Connect Package Home Loan (owner occupier + interest only)9 Jan
Bendigo BankDown by 0.20% - 0.40%Connect Package Home Loan (investor, principal and interest + interest only), Basic Variable Rate Home Loan (investor, principal and interest + interest only)9 Jan
Heritage BankDown by 0.10% - 0.20%Discount Variable (owner occupier, new customer only), Advantage Package - Standard LVR <=80% (owner occupier + principal, new customer only),15 Jan
HomeloansDown by 0.15%Homeloans Flexichoice Prime Alt Doc Home Loan (owner occupier, investor)8 Jan
INGDown by 0.01% - 0.25%Orange Advantage (owner occupier, investor + principal and interest or interest only), Mortgage Simplifier (owner occupier, investor + principal and interest or interest only)19 Jan
LenderChangeLoans affectedDate effective
Heritage BankDown by 0.10% - 0.20%Fixed Rate Home Loan - 2, 3 Years (owner occupier + principal and interest, new customer only), Advantage Package Fixed - 2, 3 Years (owner occupier + principal and interest, new customer only)15 Jan
NewcastleDown by 0.10% - 15%Fixed Rate Home Loan - 2, 3 Years (owner occupier + principal and interest, Interest only) Fixed - Advantage Package - 2, 3 Years (Investor + principal and interest, Interest rate only)19 Jan
NewcastleDown by 0.15%Fixed Rate Home Loan - 1, 2, 3, 4, 5 Years (owner occupier, principal and interest + interest only), Premium Plus Package Fixed - 1, 2, 3, 4, 5 Years (owner occupier, principal and interest + interest only)29 Jan

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