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

Adam Smith 30 April 2018 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 June 18th, 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
3.34%
3.30%
$0
$0 p.a.
80%
Low variable rate mortgage for owner occupiers looking to switch. Refinancers only.
3.59%
3.59%
$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. UBank will cut its variable rates for new and existing customers on June 28, making this rate even lower.
3.44%
3.44%
$0
$0 p.a.
70%
A simple mortgage with no application or ongoing fees that has extra repayments plus split and redraw options. Requires a 30% deposit.
2.99%
4.09%
$395
$0 p.a.
80%
A one year fixed rate offer with no ongoing bank fees.
3.47%
3.48%
$0
$0 p.a.
90%
Get a low interest rate loan with no ongoing fees. Plus you can make extra repayments and free redraw online. Available with just a 10% deposit.
3.44%
3.48%
$0
$10 monthly ($120 p.a.)
80%
Get a competitive variable rate and a 100% offset account.
3.73%
4.76%
$0
$0 p.a.
80%
Pay no application fees and access a fee-free redraw facility with this fixed rate loan.
3.24%
3.88%
$395
$0 p.a.
80%
A competitive fixed interest rate product with no ongoing bank fees.
3.49%
3.49%
$0
$10 monthly ($120 p.a.)
95%
Lock in a competitive rate for three years while you pay off your home. 100% offset account attached.
3.43%
4.26%
$0
$395 p.a.
80%
Lock in a competitive rate for owner occupiers for two years. Extra repayments up to $30,000 over the life of the fixed period can be made.
3.65%
3.66%
$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.
3.79%
4.22%
$0
$395 p.a.
80%
Unlock a range of savings with this competitive package home loan offer. Offset account and redraw facility included.
3.79%
3.80%
$0
$0 p.a.
70%
A competitive, discounted variable interest rate for home buyers.
3.59%
3.47%
$0
$0 p.a.
70%
Get a low fixed rate for 2 years to minimise interest costs. Requires a 30% deposit.
3.57%
3.61%
$0
$0 p.a.
95%
A simplified mortgage with a low interest rate and a redraw facility. Approval fee waived for a limited time.
3.97%
3.99%
$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.
3.44%
3.70%
$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.
3.58%
4.85%
$0
$0 p.a.
80%
Get a low fixed rate and pay no application or ongoing fees.
3.39%
3.92%
$395
$0 p.a.
80%
A competitive 3 year fixed rate with no ongoing bank fees.
3.54%
3.54%
$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.
3.39%
4.41%
$300
$10 monthly ($120 p.a.)
90%
A low fixed rate loan that lets you borrow up to 90% of your property's value.
3.39%
4.12%
$395
$0 p.a.
80%
A one year fixed rate offer with no ongoing bank fees.
3.54%
3.80%
$0
$248 p.a.
80%
Has a 100% offset account which helps you save on the amount of interest you pay on your mortgage.
3.79%
4.60%
$395
$0 p.a.
80%
Investors can enjoy flexible repayments and an easy application process with this pioneering online lender.

Compare up to 4 providers

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