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

Posted: 30 April 2018 10:05 am News

Lenders are kicking competition into high gear.

The Reserve Bank of Australia surprised no one at its May meeting when it chose to leave the official cash rate untouched at 1.50%.

While the RBA may be stuck in neutral, lenders are still kicking competition into gear. In April, 10 lenders in the finder.com.au database made rate changes independently of the RBA. Most of the moves were rate cuts, with the most significant cut at 77 basis points. A cut like this could make a massive difference to your monthly repayments, and could save you thousands over the life of your home loan.

You can stay informed about all of May's out-of-cycle rate changes in the table below. We'll keep the table updated as lenders announce their rate moves. If you see a better deal than you're currently getting, it could be time to refinance.

Non-major lenders

LenderChangeLoans affectedDate effective
HomeloansDown from 0.20% to 0.52%Ultra Plus Variable Home Loan $200k+ LVR <=80% & $200k+ LVR <=80% (Owner Occupier I/O , Investor P&I)9 May
HomeloansUp from 0.02% to 0.52%Ultra Plus Variable Home Loan $200k+ LVR 80.01% to 90% (Investor, Owner Occupier P&I) + Up to $200,000 LVR > 90% (Owner Occupier, P&I) + Up to $200,000 LVR 80.01% to 90%, LVR 70.01% to 80% (Owner Occupier, P&I) + up to $199,999 LVR 70.01% to 80%, LVR 80.01% to 90% (Owner Occupier I/O, Investor, P&I)9 May
MEDown from 0.10% to 0.20%Flexible Home Loan With Member Package - LVR <=80%, LVR >80% & <=90% $400k $400k up to $699,999 (Investor, P&I) + LVR <=80%, LVR >80% & <=90% $150k up to $399,999 (Investor, P&I)10 May
MoveDown 0.30%First Home Loan11 May
MyStateUp by 0.09%Special Residential Home Loan - LVR <=80%, LVR 80% to 90%, LVR >90% (Owner Occupier, P&I) + Line of Credit Loan - Cash on Hand and Investment (Mortgage Secured) + Standard Variable Home Loan - LVR <=80% and LVR >80% (Owner Occupier and Investor P&I and IO) + Special Residential Home Loan - LVR <=80% (Owner Occupier and Investor IO and P&I) + Basic Variable Home Loan - LVR <=80%, LVR >80% to <=90% , LVR >90% and (Owner Occupier and Investor P&I and IO)29 May
Newcastle PermanentDown by 0.19%Premium Plus Package Special Offer (investor, principal and interest or interest only)28 May
LenderChangeLoans affectedDate effective]
MoveDown from 0.10% to 0.40%Lockit 3 Year Investment Home Loan + 3 Year Flexi Fixed Rate Home Loan23 May

Compare refinance home loans today

Rates last updated September 22nd, 2019
$
Loan purpose
Offset account
Loan type
Repayment type
Your filter criteria do not match any product
Name Product Interest Rate (p.a.) Comp Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment Short Description
3.09%
3.09%
$0
$0 p.a.
80%
Enjoy flexible repayments, a redraw facility and the ability to split your loan. Plus, pay no application or ongoing fees.
3.09%
3.05%
$0
$0 p.a.
80%
Low variable rate mortgage for owner occupiers looking to switch. Refinancers only.
3.19%
3.85%
$300
$10 monthly ($120 p.a.)
90%
A low fixed rate loan that lets you borrow up to 90% of your property's value.
3.23%
3.56%
$0
$299 p.a.
80%
Get a 100% offset account and a competitive, variable interest rate, plus no application fee.
3.15%
3.17%
$0
$0 p.a.
80%
This loan offers a competitive variable rate and a 100% offset account to help save you on interest repayments.
3.18%
3.19%
$0
$0 p.a.
90%
Get one free online redraw per month and pay no ongoing fees. Application fees are waived for loans above $150,000.
3.49%
3.45%
$0
$0 p.a.
80%
A competitive variable mortgage for investors looking to refinance. Principal and interest repayments. Refinancers only.
3.09%
3.12%
$600
$10 monthly ($120 p.a.)
70%
A very low variable interest rate for home buyers with a 30% deposit. This product has a 100% offset account.
3.29%
3.73%
$0
$395 p.a.
80%
A low variable rate loan with a 100% offset account and package discounts.
3.39%
4.29%
$600
$395 p.a.
95%
A package loan that offers discounts and a 100% offset account.
2.99%
3.84%
$0
$375 p.a.
90%
Get a very competitive 3 year fixed rate with low fees and only a 10% deposit. Refinance to this loan and receive a $2,000 cashback when borrowing $250,000 or more.
3.38%
3.42%
$0
$0 p.a.
80%
Get a low variable rate from a ANZ and save money with $0 application or ongoing fees. Requires a 20% deposit.
3.34%
3.34%
$0
$0 p.a.
80%
Low fee loan with extra repayments. Pay no application and ongoing fees and take advantage of split and redraw options.
2.99%
3.45%
$0
$10 monthly ($120 p.a.)
90%
Buy your home and lock in a low rate for the first two years. Available with a 10% deposit. Earn Velocity Frequent Flyer Points at settlement, monthly and every three years, plus extra bonus points for a limited time.
3.24%
3.50%
$0
$248 p.a.
70%
Borrowers with a 30% deposit can get this competitive rate. Cut down on interest costs with a 100% offset account.
3.18%
3.21%
$0
$0 p.a.
80%
This low, variable rate loan has no ongoing fees and a redraw facility. Requires a 20% deposit.
3.19%
3.23%
$0
$0 p.a.
70%
Get a low fixed rate for 2 years to minimise interest costs. Requires a 30% deposit.
3.33%
3.47%
$0
$10 monthly ($120 p.a.)
80%
This flexible, competitive variable rate mortgage comes with a redraw facility. Eligible borrowers can earn Velocity Frequent Flyer Points, plus extra bonus points for a limited time.
3.27%
3.87%
$0
$395 p.a.
80%
Lock in a competitive rate for owner occupiers for two years. Comes with a 100% offset account.
3.29%
3.70%
$0
$395 p.a.
80%
A low rate variable mortgage for home buyers. Comes with a 100% offset account and has no application fee.
3.15%
4.07%
$600
$0 p.a.
95%
Fix your rate for the first two years with this competitive, low-fee loan. Includes a 100% offset account. Get this loan with a 5% deposit.
3.72%
3.76%
$0
$0 p.a.
90%
Buy a home with just a 10% deposit and pay no application or ongoing fees.
3.09%
3.12%
$600
$10 monthly ($120 p.a.)
80%
A competitive variable rate for home buyers with a 20% deposit. This product has a 100% offset account.
3.33%
4.37%
$0
$0 p.a.
80%
Pay no application fees and access a fee-free redraw facility with this fixed rate loan.
2.99%
3.63%
$395
$0 p.a.
80%
Fix your mortgage for 1 year with a very competitive rate and no ongoing fees.
3.59%
3.24%
$0
$0 p.a.
80%
Variable interest only mortgage for owner occupied refinancers. Refinancers only.
3.64%
3.96%
$0
$299 p.a.
80%
Investors can enjoy a 100% offset account, a redraw facility and flexible repayments.
3.44%
4.15%
$300
$10 monthly ($120 p.a.)
80%
A flexible, competitive fixed rate loan that allows for extra repayments.
3.45%
3.47%
$0
$0 p.a.
90%
Save on interest with a free 100% offset account and buy your property with just a 10% deposit.
3.69%
4.58%
$600
$395 p.a.
95%
A package loan that offers discounts and a 100% offset account.
3.49%
4.11%
$300
$10 monthly ($120 p.a.)
80%
Special offer for new lending between $150k-$500k & under 80% LVR.
2.99%
3.45%
$395
$0 p.a.
80%
A competitive fixed interest rate product with no ongoing bank fees.
3.34%
3.78%
$0
$395 p.a.
80%
Unlock a range of savings with this competitive package home loan offer. Offset account and redraw facility included.
3.57%
3.59%
$0
$0 p.a.
80%
This variable rate loan keeps the features simple and fees low. This loan is offered by a 100% online lender.
3.39%
3.91%
$0
$10 monthly ($120 p.a.)
90%
Get a low discounted rate for 2 years plus a 100% offset account. And you can get the loan with a 10% deposit.
3.42%
4.50%
$0
$0 p.a.
80%
Get a low fixed rate and pay no application or ongoing fees.
3.14%
3.65%
$395
$0 p.a.
80%
A one year fixed rate offer with no ongoing bank fees.
3.15%
3.19%
$500
$0 p.a.
95%
This mortgage combines a very sharp interest rate with a 100% offset account and it's available with a 5% deposit.
3.70%
3.72%
$0
$0 p.a.
90%
Access a fee-free offset account and a special interest rate for investors.
3.24%
3.24%
$0
$0 p.a.
80%
Pay no application or ongoing fees and get access to a redraw facility and flexible repayment schedule.
3.45%
3.46%
$500 (if over 80% LVR)
$0 p.a.
80%
A competitive variable mortgage for home buyers. This loan has flexible repayments and an optional redraw facility.
3.14%
3.49%
$395
$0 p.a.
80%
A competitive 3 year fixed rate with no ongoing bank fees.
3.89%
$0
$349 p.a.
80%
Low fee line of credit loan with package benefits.
3.29%
4.10%
$395
$0 p.a.
80%
Investors can enjoy flexible repayments and an easy application process with this pioneering online lender.
3.69%
3.58%
$375
$15 monthly ($180 p.a.)
80%
3.99%
4.31%
$0
$299 p.a.
80%
Get a 100% offset account, access to a redraw facility and a competitive rate tied to your LVR.
3.94%
3.93%
$0
$10 monthly ($120 p.a.)
80%
A variable rate home loan with no application fees and the opportunity to earn Velocity points.

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