All of November 2018’s out-of-cycle rate changes

Adam Smith 5 November 2018 NEWS

All four major banks have hiked rates independently of the RBA. Which other lenders have followed suit?

Early this month, NAB became the final major bank to lift interest rates out-of-cycle with the Reserve Bank of Australia. After holding the line on rates in contrast to its major bank rivals, the bank announced it would hike its base variable rate by 0.18% for new customers.

NAB and the other three majors haven't been alone in their decision to move out of step with the RBA. Last month, 20 lenders in the Finder database chose to change rates, despite the RBA leaving the official cash rate untouched.

Clearly, inaction by the RBA no longer translates to a steady period for home loan interest rates. You can keep track of all of November's out-of-cycle rate changes in the table below. If your lender is one of those that chooses to lift rates, it could be time to refinance to a better deal.

Major bank changes

LenderChangeLoans affectedDate effective
NABUp by 0.18%Base Variable Rate Home Loan - Principal and Interest (limited time special offer for owner occupiers only)November 9
LenderChangeLoans affectedDate effective

Non-major lenders

LenderChangeLoans affectedDate effective
Auswide BankDown by 0.12% - 0.94%Variable Home Loan Plus with Freedom Package - $100K+ LVR <= 90% (Special Offer, Owner Occupier), Variable Home Loan Plus with Freedom Package - Discount Variable (Investor, IO)November 15
Bank of MelbourneDown by 0.14%Basic Home Loan - Promotional Rate (Investors, P&I)November 8
BankSADown by 0.05% - 0.15%Basic Home Loan - Promotional Rate (Owner Occupiers + Investor, P&I), Advantage Package Home Loan - $250k to $499,999 + $500k to $749,999 (Special Discount) (Investor, P&I + IO)November 11
BankwestUp by 0.15%Equity Access, Premium Select Home Loan - $20k+ (LVR up to 90%) (Investor, P&I)November 9
Credit Union SAUp by 0.05% - 0.12%Home Loan Package - Variable $150k+ (Owner Occupier + Investor, P&I + IO), Home Loan Package - Variable LVR 80% > $150k Special Offer (Owner Occupier + Investor, P&I + IO), Discounted Home Loan (Owner Occupier + Investor, P&I + IO), Variable Rate Home Loan (Owner Occupier + Investor, P&I + IO)November 12
Heartland Seniors FinanceUp by 0.25%Secondary Property Reverse Mortgage, Standard Reverse Mortgage, Aged Care OptionNovember 30
INGUp by 0.10%Orange Advantage Loan - < $150,000 (Owner Occupier, P&I + IO), Orange Advantage Loan - $150k to $500k (Owner Occupier, P&I + IO), Orange Advantage Loan - $500k to $1m (Owner Occupier, P&I + IO), Orange Advantage Loan - $1M+ (Owner Occupier, P&I + IO)November 30
Newcastle Permanent Building SocietyUp by 0.17%Premium Plus Package Home Loan - New Customer Offer ($150k+ Owner Occupier, P&I) Discount 1 + 2November 19
Newcastle Permanent Building SocietyDown by 1.13% - 1.33%Real Deal Home Loan - (Owner Occupier Special Rate, IO), Real Deal Home Loan - (Investor, IO)November 19
People's Choice Credit UnionUp by 0.10%Home Loan Package - $100k+ (special offer LVR <80%) (Owner Occupier, P&I)November 1
People's Choice Credit UnionDown by 0.10% - 0.77%Home Loan Package - Variable $100k+ (new customers special offer LVR < 80%) Investor, P&I + IO, Home Loan Package - $100k+ LVR >80% (Investor, P&I + IO)November 1
St.GeorgeDown by 0.14%Basic Home Loan - Promotional Rate (Investor, P&I)November 8
Teachers Mutual BankUp by 0.20%My First Home Loan, Interest Only - Variable, Classic Home Loan - Owner Occupier, Solutions Plus Home Loan - $150,000 to $249,999 + $250,000 to $499,999 + $500,000 to $749,999 + $750,000+ (Owner Occupier)November 30
Tic:TocDown by 0.32%Investor Interest Only Variable Rate Home LoanNovember 30
UniBankUp by 0.20%My First Home Loan, Interest Only Variable Home Loan, Classic Home Loan, Solutions Plus Home Loan - $150,000 to $249,999 + $250,000 to $499,999 + $500,000 to $749,999 + $750,000+ (Owner Occupier)November 30
LenderChangeLoans affectedDate effective]
AussieDown by 0.10% - 0.30%Select Basic Fixed Rate Home Loan - 1, 2, 3, 4, 5 Years Fixed LVR up to 80% + LVR over 80% (Owner Occupier, P&I + IO), Select Basic Fixed Rate Home Loan - 1, 2, 3, 4, 5 Years Fixed Rate (Investor, P&I + IO), Select Standard Fixed - 1, 2, 3, 4, 5 Years (Owner Occupier + Investor, P&I + IO)November 13
Bank of MelbourneDown by 0.04% - 0.30%Advantage Package Home Loan - 1, 2, 3, 5 Years Fixed (Owner Occupier + Investor, P&I + IO), Fixed Rate Home Loan - 1, 2, 3, 5 Years Fixed (Owner Occupier + Investor, P&I + IO), Portfolio Fixed Rate Home Loan - 1, 2, 5 Years Fixed, Portfolio Home Loan with Advantage Package - 1, 2, 5 Years Fixed (Investor, IO)November 8
Bank of SydneyDown by 0.10% - 0.20%Expect More No Fee Home Loan Package - 1, 2, 3, 5 Years Fixed, Expect More Investment Home Loan Package - 1, 2, 3, 5 Years Fixed, Expect More With Fee Home Loan Package - 1, 2, 3, 5 Years FixedNovember 13
BankSADown by 0.04% - 0.30%Portfolio Home Loan - 5 Years Fixed (Investor, IO), Advantage Package Home Loan - 1, 2, 3, 5 Years Fixed (Owner Occupier + Investor, P&I + IO), Fixed Rate Home Loan - 1, 2, 3, 5 Years Fixed (Investor, P&I + IO)November 8
BankwestDown by 0.20%Complete Home Loan Package Fixed - 3 Years Fixed Rate LVR <90% (Investor, P&I & $200k+)November 9
Freedom LendUp by 0.01% - 0.27%Fixed Loan - 1, 2, 4, 5 Years Fixed Rate LVR ≤ 80% + 90% + ≤ 95% (Owner Occupier, P&I + IO)November 22
Freedom LendDown by 0.10% - 0.85%Fixed Loan - 1 Year LVR 80% + 90% (Owner Occupier + Investor, P&I + IO), Fixed Loan - 1 Years Fixed Rate (Investor, IO)November 22
Heritage BankDown by 0.10% - 0.20%Fixed Rate Home Loan - 1, 2, 3, 5 Years Fixed (Investors, P&I + IO) New Customers Only + Existing customers only, Advantage Package - 1, 2, 3, 5 Years Fixed (Investor, P&I + IO) New Customers Only + Existing customers onlyNovember 6
Horizon Credit Union Up by 0.10%Fixed Rate Home Loan - 2, 3, 5 Years Fixed (Owner Occupier + Investor)November 22
HSBCDown by 0.10% - 0.66%Premier Fixed Rate Home Loan - 1, 2, 3, 4, 5 Years Fixed (Owner Occupier + Investor, P&I + IO), Fixed Rate Home Loan - 1, 2, 3, 4, 5 Years Fixed Rate (Owner Occupier + Investor, IO)November 15
Newcastle Permanent Building SocietyUp by 0.04% - 0.05%Fixed Rate Home Loan - 2, 3 Years Fixed (Owner Occupier + Investor, P&I + IO), Premium Plus Package Fixed Rate - 2, 3 Years Fixed (Owner Occupier + Investor, P&I + IO)November 23
People's Choice Credit UnionUp by 0.10% - 0.20%Investment Fixed - 1, 3, 4, 5 Years P&I + IO, Home Loan Package - 1, 2, 3, 4, 5 Years Fixed Package (Owner Occupier + Investor, P&I + IO), Fixed Home Loan - 1, 2, 3, 4, 5 Years (Owner Occupier, P&I + IO)November 1
St.GeorgeDown by 0.10% - 0.30%Fixed Rate Home Loan - 1, 2, 3, 5 Years Fixed Rate (Owner Occupier + Investor, P&I + IO), Fixed Rate Advantage Package - 1, 2, 3, 5 Years Fixed Rate (Owner Occupier + Investor, P&I + IO), Portfolio Home Loan - 1, 2, 5 Years Fixed (Investor, IO), Portfolio Home Loan With Advantage Package - 1, 2, 5 Years Fixed (Investor, IO)November 8
Teachers Mutual BankUp by 0.91% - 1.09%Fixed Option Home Loan - 2, 3 Years (Owner Occupier)November 6
Tic:TocDown by 0.05% - 0.25%Invest Fixed Rate Loan - 2, 3 Years Fixed (Principal & Interest + Interest Only)November 30
UniBankUp by 0.91% - 1.09%Fixed Home Loan - 2, 3 Years (Owner Occupier)November 6

Compare refinance home loans today

Rates last updated January 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
3.59%
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.
3.59%
3.61%
$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.
3.49%
3.64%
$0
$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.
3.54%
3.58%
$0
$0 p.a.
80%
Get a competitive rate, save on fees and access a 100% offset account plus redraw facility. $900 cashback offer.
3.64%
3.64%
$0
$0 p.a.
70%
A low interest rate home loan with no application or ongoing fees.
3.75%
3.75%
$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.
3.59%
3.62%
$0
$0 p.a.
80%
A low, variable rate mortgage for home buyers wishing to consolidate existing debts. Refinancers can get up to $1,000 on settlement to help with switching costs.
3.64%
3.66%
$0
$0 p.a.
80%
A simple mortgage with a competitive interest rate and no application or monthly fees. Borrow up to $2000000 from a convenient online lender.
3.70%
3.90%
$0
$0 p.a.
70%
Enjoy all the benefits of the Basic Home Loan and take advantage of an offset account.
3.89%
3.91%
$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.
3.49%
4.57%
$0
$395 p.a.
90%
Loans over $150000 get a discount off an already low fixed rate. Available for NSW, QLD and ACT residents only.
3.69%
3.72%
$445
$0 p.a.
90%
NSW and ACT customers only. Get a special discount for a limited time when you open an IMB Transaction Account.
3.49%
3.53%
$250
$0 p.a.
80%
A very low variable interest rate for borrowers with a 20% deposit. Add a 100% offset account for $10 a month.
3.69%
3.85%
$0
$10 monthly ($120 p.a.)
70%
A low fixed rate mortgage for borrowers with a 30% deposit. Comes with a 100% offset account.
3.75%
4.49%
$0
$395 p.a.
90%
Lock in a very competitive 2 year rate and get package discounts on your credit card and offset account. $1,500 cashback available (conditions apply).
3.80%
4.05%
$0
$0 p.a.
70%
Earn tens of thousands of Qantas Points to spend on flights, hotels and more with this variable owner occupier mortgage. Competitive variable rate mortgage that requires a 30% deposit.
3.73%
3.87%
$0
$10 monthly ($120 p.a.)
80%
Earn Velocity Frequent Flyer Points with this mortgage to spend on flights and more (for a limited time, subject to eligibility requirements). Redraw facility available on this variable rate home loan. Competitive interest rate.
3.74%
4.49%
$445
$6 monthly ($72 p.a.)
90%
NSW and ACT customers only. 3 years fixed interest terms and free access to redraw facility online.
3.74%
4.01%
$395
$0 p.a.
80%
A competitive 3 year fixed rate with no ongoing bank fees.
3.85%
3.85%
$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.
3.67%
3.72%
$600
$0 p.a.
80%
A great interest rate home loan offer with unlimited redraw and unlimited extra payments.
3.79%
3.79%
$0
$0 p.a.
80%
Access an offset account and pay no application or ongoing fees on this special variable rate for owner-occupiers.
3.59%
3.63%
$0
$0 p.a.
90%
Get a low variable interest rate and buy a property with just a 10% deposit. 100% offset account attached.
3.54%
3.69%
$0
$10 monthly ($120 p.a.)
80%
A competitive variable rate for home buyers with a 20% deposit. This product has a 100% offset account.
3.89%
4.27%
$0
$395 p.a.
80%
New borrowers or refinancers can get a discounted rate with this package loan.
3.82%
3.93%
$0
$10 monthly ($120 p.a.)
90%
Get Velocity Frequent Flyer Points at settlement, monthly and every three years, plus the option to make up to $10,000 a year in extra repayments.
3.68%
3.70%
$0
$0 p.a.
80%
A competitive variable rate mortgage for owner occupiers that comes with a no fee debit card with a $5,000 limit.
3.64%
3.59%
$0
$0 p.a.
80%
Fast, 100% online application process. Very limited fees. Optional offset account (with fee).
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.
3.74%
4.13%
$0
$349 p.a.
90%
Get a sharp rate plus package discounts and a 100% offset account.
3.70%
3.70%
$0
$0 p.a.
70%
Get a discount for keeping your LVR at $70% or below with this innovative online lender.
3.69%
3.83%
$0
$10 monthly ($120 p.a.)
80%
Earn Velocity Frequent Flyer Points on your mortgage (subject to eligibility requirements). Plus, access a 100% offset account to save on interest.
3.98%
5.01%
$0
$395 p.a.
90%
Fix the rate on your investment property for 2 years with this competitive home loan package.
3.75%
4.00%
$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.
3.84%
3.84%
$0
$0 p.a.
80%
Pay no application or ongoing fees and get access to a free redraw facility with this innovative online lender.
3.59%
3.58%
$0
$0 p.a.
80%
Apply online and get fast approval for this fixed rate, low-fee loan with redraw facilities. Add a 100% offset account for a small fee.
3.72%
3.74%
$0
$0 p.a.
80%
Save on interest by taking advantage of a 100% offset account along with no ongoing fees or application fees.
3.79%
4.87%
$0
$395 p.a.
95%
Low deposit home loan. Enjoy flexible repayment options while paying limited fees.
3.59%
4.14%
$395
$0 p.a.
80%
A one year fixed rate offer with no ongoing bank fees.
3.69%
4.08%
$0
$349 p.a.
90%
Package your loan with other AMP products and save on rates and fees.
3.74%
3.74%
$0
$0 p.a.
80%
Pay no application or ongoing fees and get access to a redraw facility and flexible repayment schedule.
3.99%
3.95%
$0
$0 p.a.
90%
Borrow up to 90% of the value of the property you're buying, and pay no application fee.
3.74%
4.55%
$0
$395 p.a.
90%
A fixed rate loan with a 100% offset account and the option to make additional repayments. Loans over $150000 receive a discounted rate. NSW, QLD and ACT residents only.
3.99%
4.86%
$0
$0 p.a.
80%
Access a fee-free 100% offset account and pay no application or ongoing fees.
4.19%
4.64%
$395
$0 p.a.
80%
Investors can enjoy flexible repayments and an easy application process with this pioneering online lender.
3.94%
4.95%
$595
$0 p.a.
95%
Borrow up to 95% LVR of the value of the property you're buying and pay no application or ongoing fees.
4.04%
3.93%
$0
$0 p.a.
80%
Fix your rate for 1 year and make interest-only payments.
3.87%
3.91%
$600
$0 p.a.
95%
A home loan with no ongoing fee and a redraw facility that you can borrow up to 95% LVR.
3.89%
4.24%
$0
$0 p.a.
80%
Fix your rate and minimise repayments for 2 years with this interest-only investor mortgage.
4.14%
4.81%
$0
$0 p.a.
80%
Pay no application fees and access a fee-free redraw facility with this fixed rate loan.
3.89%
3.94%
$0
$0 p.a.
80%
Pay no application or ongoing fee and borrow up to 80% LVR.

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Credit services for Aussie Select, Aussie IQ and Aussie Optimizer products are provided by AHL Investments Pty Ltd ACN 105 265 861 Australian Credit Licence 246786 ("Aussie"), and its appointed credit representatives. Credit for Aussie Select products is provided by Residential Mortgage Group Pty Ltd ACN 152 378 133 Australian Credit Licence 414133 (“RMG”). RMG is a wholly-owned subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL and Australian Credit Licence 234945. Credit for Aussie Optimizer products is provided by Perpetual Limited ABN 86 000 431 827 (Lender). Credit for Aussie IQ is provided by Macquarie Bank Limited ABN 46 008 583 542 AFSL and Australian Credit Licence 237502. Home loans issued by the Lender are serviced by Macquarie Securitisation Limited ABN 16 003 297 336, Australian Credit Licence 237863 (MSL).

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