All of October 2018’s out-of-cycle home loan rate changes

Adam Smith 5 October 2018 NEWS

Hand with numbers on screen

Three of the four majors have already moved out-of-cycle. Which lenders will follow?

In September, three of the four major banks announced home loan rate hikes. Westpac, ANZ and Commonwealth Bank all lifted rates for owner-occupiers, while NAB broke with its rivals in holding fast on interest rates.

The major banks weren't alone in their out-of-cycle rate moves. In total, 25 lenders in Finder's database moved on rates in September out of step with the Reserve Bank of Australia.

October looks set to be another busy month for rate moves, in spite of the RBA's decision to leave the official cash rate on hold at 1.50%. If your lender chooses to lift rates, it could be time to refinance your home loan. We'll keep the table below updated throughout the month of October. Be sure to check back to see if your lender is still giving you the best deal.

Major bank changes

LenderChangeLoans affectedDate effective
Commonwealth BankUp by 0.15%Extra Home Loan - 2 Year Introductory Rate (Investment) IOOctober 4
LenderChangeLoans affectedDate effective

Non-major lenders

LenderChangeLoans affectedDate effective
AussieUp by 0.06% - 0.91%Select Basic Variable LVR <= 70% + LVR 70.01% to 80% + LVR 80.01% to 90% + LVR > 90% (Owner Occupier + Investor, P&I + IO), Select Standard Variable LVR <= 70% + LVR 70.01% to 80% + LVR 80.01% to 90% + LVR > 90% (Owner Occupier + Investor, P&I + IO), Select Line of Credit LVR <= 70% + LVR 70.01% to 80% + LVR 80.01% to 90% (Owner Occupier + Investor)October 3
Bank AustraliaDown by 0.60%Basic Home Loan - Investment Variable, P&I + IOOctober 2
BankVicUp by 0.10%WealthBuilder$ Variable Home Loan - $250k-$749k + up to $249k + $750k+ (Owner Occupier), Premium Package Variable Home Loan - Standard $250k-$749k + up to $249k + $750k+ (Owner Occupier), Line of Credit - Owner Occupier, Offset Variable Home Loan - Owner Occupier, Standard Variable Home Loan - Owner OccupierOctober 3
BankVicDown by 0.01%Base Variable Home Loan - Owner Occupier, Introductory 2 Years Variable Rate - (Owner Occupier)October 3
BankwestUp by 0.10% - 0.15%Complete Home Loan Package Variable - LVR <=90% + LVR 90.01% to 95% (Owner Occupier + Investor, P&I), Complete Home Loan Package Equity - $200k to $500k + $500k to $750k + $750k+, Seniors Equity Release Home Loan - Variable Rate, Regular Saver Home Loan (Owner Occupier + Investor, P&I + IO), Mortgage Shredder Home Loan (Owner Occupier + Investor, P&I + IO), Equaliser Home Loan - LVR ≤80% (Owner Occupier + Investor, P&I & $200k+) new customers onlyOctober 4
Bendigo BankDown by 0.17% - 0.22%Connect Package Home Loan - > $500,000 + $250,000 to $499,999 + $0 to $249,999 (Investor, P&I + IO), Basic Variable Rate Home Loan - (Investor, P&I + IO), Investment Variable - $50,000 to $250,000 + $250,000 to $500,000 +$500,000+, P&I + IOOctober 12
CitibankUp by 0.16%Mortgage Plus Standard Variable Rate - LVR ≤ 90% (Owner Occupier + Investor, P&I + IO), Basic Variable Rate Home Loan - (Owner Occupier + Investor, P&I + IO), Standard Variable Loan - (Owner Occupier + Investor, P&I + IO)October 12
Homeloans Up by 1%MoniPower Variable Home Loan - LVR 80 - 90% (Investor, P&I)October 3
HomeloansUp by 0.05% - 0.15%Flexichoice Prime Variable ProPack Home Loan - LVR up to 80% + 80.01% - 90% + > 90% (Owner Occupier + Investor, P&I), Standard Variable Home Loan - LVR up to 80% + 80.01% - 90% + > 90% (Owner Occupier + Investor, P&I), FlexiChoice Prime Alt Doc Home Loan - LVR up to 70% + >70% to 80% (Investor, P&I), FlexiChoice Prime Non-Genuine Savings loans (up to 95% + up to 90% LVR)October 11
HomeloansDown by 0.05% - 0.55%Flexichoice Clear Home Loan - LVR <=70% + 70.01% to 80% + 80.01% to 85% + 85.01% to 90% (Owner Occupier + Investor, P&I + IO), FlexiChoice Clear Plus Home Loan - LVR <=70% + 70.01% to 80% + 80.01% to 85% (Owner Occupier + Investor, P&I + IO), FlexiChoice Assist Home Loan - LVR <=70% + 70.01% to 80% + 80.01% to 85% (Owner Occupier + Investor, P&I + IO), FlexiChoice Alt Doc Clear Home Loan - LVR <=70% + 70.01% to 80% + 80.01% to 85% + 85.01% to 90% (Owner Occupier + Investor, P&I + IO), FlexiChoice Alt Doc Plus Home Loan - LVR <=70% + 70.01% to 80% + 80.01% to 85% (Owner Occupier + Investor, P&I + IO), FlexiChoice Alt Doc Assist Home Loan - LVR <=70% + 70.01% to 80% + 80.01% to 85% (Owner Occupier + Investor, P&I + IO), FlexiChoice Prime Alt Doc Home Loan - LVR up to 70% + >70% to 80% (Owner Occupier + Investor, IO)October 11
IMBUp by 0.15%Equity Line Advantage Home Loan, Standard Variable Home Loan - LVR <= 85% + LVR <=95% (Owner Occupier + Investor, P&I + IO), Introductory Variable Rate Home Loan, Budget Home Loan - LVR > 90% + LVR <= 90% (Owner Occupier + Investor, P&I + IO), Essential Home Loan - LVR <= 90% + LVR > 90% + LVR <=85 (Owner Occupier, P&I), Essentials Home Loan - $300,000+, LVR < 90% (Owner Occupier, P&I)October 5
iMortgageUp by 0.01% - 0.36%Prime Home Loan - Term Loan LVR <= 80% LVR (Owner Occupier, P&I + IO), Fusion Variable Home Loan - $200K+ LVR <=70% + 80% - 90% + 90% - 95% (Owner Occupier, P&I + IO), Fusion Variable Investment Home Loan - $200K+ LVR <=80% + 80% - 90% (P&I + IO)October 9
iMortgageDown by 0.05% - 0.14%Prime Home Loan - Term Loan LVR <= 80% LVR (Investor), Prime Home Loan - Term Loan LVR > 80% LVR (Owner Occupier)October 9
MyStateDown by 0.10% - 0.20%Standard Variable Home Loan - LVR <=80% (Owner Occupier + Investor, IO), Special Residential Home Loan - LVR <=80% (Owner Occupier + Investor, P&I + IO), Basic Variable Home Loan - LVR <=80% (Owner Occupier + Investor, P&I + IO)October 16
The MutualUp by 0.15% - 1.05%Express Credit Facility (LOC), Package Home Loan - Variable Rate (Owner Occupier + Investor), Package Home Loan - Discounted Variable Rate (Owner Occupier), Budget Home Loan - (Owner Occupier + Investor), Home Loan - (Owner Occupier + Investor), Premium Variable Home Loan - (Owner Occupier + Investor), Standard Variable Home Loan - (Owner Occupier + Investor)October 2
The Rock Building SocietyDown by 0.10% - 0.83%Essentials Home Loan - LVR <= 80% + 80% to 90% + 90% (Owner Occupier + Investor, P&I + IO), Basic Variable Home Loan - LVR<=80% (Owner Occupier + Investor, P&I + IO), Standard Variable Home Loan - LVR<= 80 (Owner Occupier, IO)October 16
LenderChangeLoans affectedDate effective]
Bank AustraliaDown by 0.05% - 0.50%Premium Fixed Rate Home Loan - 2, 3 Years Fixed Rate LVR <80% (Owner Occupier), Premium Home Loan Package - 2, 3 Years Fixed (Owner Occupier) LVR < 80% + > 80%, Premium Home Loan Package - 1, 2, 3, 5 Years Fixed (Investor, P&I + IO), Australia Basic Home Loan - 1, 2, 3, 5 Years Fixed Rate (Owner Occupier + Investor, P&I + IO)October 2
BankVicUp by 0.13%Fixed Home Loan - 2 Years (Owner occupier)October 3
BankVicDown by 0.05% - 0.20%WealthBuilder$ Fixed Home Loan - 1, 2, 3, 4, 5 Years (Investor), Premium Package Fixed Home Loan - 1, 2, 3, 4, 5 Years (Investor)October 3
Big SkyUp by 0.05% - 0.65%Fixed Rate - 1, 3, 5 Years (Investor, P&I + IO), Fixed Rate - 1, 3, 5 Years (Owner Occupier, IO), Premium Choice Fixed Home Loan - 1, 3, 5 Years (Owner Occupier + Investor, P&I + IO)October 4
Big SkyDown by 0.05% - 0.56%Fixed Rate - 1, 3, 5 Years (Owner Occupier, P&I), Premium Choice Fixed Home Loan - 1, 3, 5 Years (Owner Occupier, P&I)October 4
HomeloansDown by 0.15%FlexiChoice Prime 3 Years Fixed Rate - LVR < 80% (Owner Occupier, IO), FlexiChoice Prime 3 Years Fixed Rate - LVR > 80% to 90% + > 90% + < 80% (Investor, IO)October 11
IMBDown by 0.05% - 0.10%Fixed Rate Home Loan - 3 Years Fixed (LVR < 90% Owner Occupier, P&I), Fixed Rate Home Loan - 3 Years Fixed (LVR <=85% Investor, P&I)October 5
iMortgageUp by 0.10%Prime Home Loan - 4, 5 Years Fixed (Owner Occupier + Investor), Fusion Fixed Home Loan - 1, 2, 3, 4, 5 Years LVR up to 80% + 80.01% - 90% + over 90% (Owner Occupier + Investor, P&I + IO)October 9
iMortgageDown by 0.13% - 0.34%Fusion Fixed Home Loan - 1, 2, 3, 4, 5 Years LVR 80.01% to 90% (Investor, P&I + IO), Prime Home Loan - 1, 2, 3 Years Fixed (Investor)October 9
MyStateDown by 0.05%Fixed Rate Home Loan - 2 Years Fixed (LVR <=80% Investor, IO)October 16
Newcastle Permanent Building SocietyUp by 0.05% - 0.10%Fixed Rate Home Loan - 1, 2, 3, 4, 5 Years Fixed (Owner occupier, P&I + IO), Premium Plus Package Fixed Rate - 1, 2, 3, 4, 5 Years Fixed (Owner Occupier, P&I + IO)October 15
The Rock Building SocietyDown by 0.10% - 0.74%Standard Fixed Home Loan - 1, 2, 3, 5 Years LVR >80% (Investor, IO), Standard Fixed Home Loan - 1, 2, 3, 5 Years LVR <=80% (Owner Occupier, IO)October 16

Compare refinance home loans today

Rates last updated October 19th, 2018
$
Loan purpose
Offset account
Loan 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
3.64%
3.66%
$0
$0 p.a.
80%
A simple mortgage with a competitive interest rate and no application or monthly fees. Borrow up to $2 million from a convenient online lender.
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.
3.57%
3.58%
$0
$0 p.a.
80%
Get a very low interest rate and pay fewer fees. Enjoy a fast online application process and add a 100% offset account for $10 a month.
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.
3.54%
3.57%
$0
$0 p.a.
80%
A competitive variable essentials interest rate product aimed at refinancers looking to switch to a lower rate.
3.64%
3.64%
$0
$0 p.a.
70%
A basic variable home loan that offers a competitive interest rate with no application fees and no ongoing fees.
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%
Pay no application or ongoing fees and get a flexible loan with the ability to split up to 6 times.
3.88%
4.89%
$0
$395 p.a.
95%
Low deposit home loan. Enjoy flexible repayment options while paying limited fees.
3.68%
3.82%
$0
$10 monthly ($120 p.a.)
80%
Get double 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.
3.79%
3.80%
$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.
3.59%
3.62%
$0
$350 p.a.
90%
Get a low variable interest rate and buy a property with just a 10% deposit. 100% offset account attached.
3.49%
4.57%
$0
$395 p.a.
90%
Loans over $150k get a discount off an already low fixed rate. Available for NSW, QLD and ACT residents only.
3.87%
3.91%
$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.
3.79%
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.
3.64%
3.59%
$0
$0 p.a.
80%
Fast, 100% online application process. Very limited fees. Optional offset account (with fee).
3.74%
4.13%
$0
$349 p.a.
90%
Get a sharp rate plus package discounts and a 100% offset account.
3.69%
4.12%
$0
$395 p.a.
80%
Unlock a range of savings with this competitive package home loan offer. Offset account and redraw facility included.
3.84%
3.85%
$0
$0 p.a.
70%
Keep your LVR at 70% or below and enjoy a special discounted rate. Also, pay no application or ongoing fees.
3.64%
3.78%
$0
$10 monthly ($120 p.a.)
80%
Earn double Velocity Frequent Flyer Points on your mortgage for a limited time (subject to eligibility requirements). Plus, access a 100% offset account to save on interest.
3.79%
3.82%
$0
$0 p.a.
80%
An essentials variable investor mortgage with a high borrowing amount so you can fund a large purchase.
4.17%
4.21%
$600
$0 p.a.
95%
Variable rate home loan from one of the big 4 banks. Available with just a 5% deposit.
3.74%
3.74%
$0
$0 p.a.
80%
A basic owner-occupier home loan with a low variable rate that requires a 20% deposit.
3.68%
3.70%
$0
$0 p.a.
80%
This loan offers a competitive variable rate and a 100% offset account to help save you on interest repayments.
3.75%
4.00%
$0
$248 p.a.
70%
Borrowers with a 30% deposit can get this competitive rate.
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.
3.59%
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%
4.10%
$0
$395 p.a.
80%
New borrowers or refinancers can get a discounted rate with this package loan. Bonus $1,500 cashback for refinancers.
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.
3.62%
3.62%
$0
$0 p.a.
95%
A low deposit mortgage with a competitive rate and plenty of flexibility. QLD residents only. Eligible borrowers can get a 15% discount on home and contents insurance for the life of their loan.
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.
3.85%
3.85%
$0
$0 p.a.
80%
Pay no application and ongoing fees with Macquarie Bank Basic Home Loan. Split and redraw facilities included.
3.67%
3.69%
$0
$0 p.a.
80%
A great interest rate home loan offer with unlimited redraw and unlimited extra payments.
3.74%
3.74%
$0
$0 p.a.
110%
Pay no deposit or LMI and get a discounted rate with this family pledge loan. Requires a family member to act as guarantor. NSW, Qld and ACT only.
3.69%
4.08%
$0
$349 p.a.
90%
Package your loan with other AMP products and save on rates and fees.
3.71%
3.71%
$0
$0 p.a.
70%
A variable rate home loan that has a lot of flexible features. This loan has a 100% offset account.
4.13%
4.14%
$0
$0 p.a.
90%
Access a fee-free offset account and a special interest rate for investors.
3.89%
3.94%
$0
$0 p.a.
90%
Borrow up to 90% of the value of the property you're buying, and pay no application fee.
3.77%
3.79%
$0
$0 p.a.
90%
Buy your home with just a 10% deposit, few fees and a reasonable interest rate.
3.93%
3.94%
$0
$0 p.a.
80%
A low-fee line of credit loan from an online lender. Unlock the equity in your home and make interest-only repayments with a competitive rate.
3.99%
4.86%
$0
$0 p.a.
80%
Access a fee-free 100% offset account and pay no application or ongoing fees.
3.69%
4.54%
$0
$395 p.a.
90%
A fixed rate loan with a 100% offset account and the option to make additional repayments. Loans over $150k receive a discounted rate. NSW, QLD and ACT residents only.
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.
3.89%
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.
3.59%
4.14%
$395
$0 p.a.
80%
A one year fixed rate offer with no ongoing bank fees.
3.94%
4.95%
$595
$0 p.a.
90%
Borrow up to 90% 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.
3.99%
4.62%
$395
$0 p.a.
80%
Investors can enjoy flexible repayments and an easy application process with this pioneering online lender.
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.
3.74%
4.01%
$395
$0 p.a.
80%
A competitive 3 year fixed rate with no ongoing bank fees.

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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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