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

Adam Smith 3 October 2017 NEWS

money question guy in suitIf your lender isn't cutting rates, it could be time to refinance for a better deal.

The Reserve Bank chose to leave the official cash rate on hold again this month, and it appears likely the RBA will remain sidelined well into next year. In spite of this, lenders have continued to chart their own course. Last month seven lenders in the finder.com.au database made changes to their rates, and those changes could have big implications to your hip pocket.

Even a slight change in rates could save you thousands over the life of your home loan. Check out the table below to see which lenders move on interest rates throughout the month of October. If your lender raises rates, or fails to cut them when other lenders are making downward moves, it could be time to look for a better deal on your home loan.

Major bank changes

LenderChangeLoans affectedDate effective
LenderChangeLoans affectedDate effective

Other lenders

LenderChangeLoans affectedDate effective
Bank of MelbourneDown by 0.02%Basic Promotional home loan (Owner Occupier, P&I)Oct 23
BankSADown by 0.02%Basic Promotional home loan (Owner Occupier, P&I)Oct 23
Community FirstUp by 0.25%Honeymoon Home Loan - 1 Year Into (owner occupier, interest only)Oct 12
Community FirstUp by 0.25% - 0.35%Standard Variable (owner occupier, interest only), Accelerate Home Loan Package (owner occupier, interest only), Basic Variable (owner occupier, interest only)Oct 26
CUADown by 0.09%Advance Variable Home Loan (Owner Occupier, P&I)Oct 17
Easy StreetUp by 0.25%Honeymoon Home Loan - 1 Year Into (owner occupier, interest only)Oct 12
Northern Beaches Credit UnionUp by 0.25%Honeymoon Home Loan - 1 Year Into (owner occupier, interest only)Oct 12
Northern Beaches Credit UnionUp by 0.25 0.35Basic Variable Home Loan, Accelerator Package Home Loan , True Value Standard Variable Home Loan , (Owner Occupier,IO)Oct 26
St.GeorgeDown by 0.02%Basic Promotional home loan (Owner Occupier, P&I)Oct 23
Tic:TocDown by 0.10%Live-in Variable Rate Home Loan Owner OccupierOct 13
LenderChangeLoans affectedDate effective
BankwestDown by 0.22% - 0.26%Complete Home Loan Package Fixed - 2 Years Fixed (LVR <90%, owner occupier + investor, principal and interest)Oct 18
Bank of MelbourneDown by 0.20%Standard Fixed Rate 2 Year (Investor, P&I)Oct 23
BankSADown by 0.20%Standard Fixed Rate 2 Year (Investor, P&I)Oct 23
Bendigo Bank Down 0.10% -0.20%Bendigo Bank Fixed Rate Home Loan - 1, 2, 3, 4, 5, Years (investor p&i + io), Bendigo Bank Connect Fixed Rate Home Loan - 1, 2, 3, 4, 5, Years (investor p&i + io), Bendigo Bank Basic Fixed Rate Home Loan - 1, 2, 3, 4, 5, Years (investor p&i + io)Oct 4
Community FirstUp 0.15% - 0.25%Fixed Rate Home Loan - 1, 2, 3 Years Fixed (owner occupier + investor, principal and interest + interest only)Oct 12
CUADown 0.20%Fixed Rate Home Loan - 3 Years Fixed (investor), Premium Fixed Home Loan - 3 Years Fixed (investor)Oct 12
Easy StreetUp 0.15% - 0.35%Fixed Rate Home Loan - 2, 3 Years Fixed (owner occupier + investor, principal and interest + interest only)Oct 12
IMBDown 0.10%IMB Fixed Rate Home Loan - 2 Year Fixed Rate (owner occupier p&i), IMB Platinum Package Fixed Home Loan - 2 Year Fixed Rate Home Loan (owner occupier)Oct 4
INGUp 0.20%Fixed Rate Home Loan - 3 Year Fixed Rate (Owner occupiers + Owner occupiers with Orange Advantage)Oct 18
Macquarie BankDown 0.11%Basic Fixed Home Loan - 3 Years Fixed (LVR <80% up to $750k, Owner Occupier + principal and interest), Offset Home Loan Package - 3 Years Fixed (LVR <80% up to $750k, Owner Occupier + principal and interest)Oct 16
MEDown 0.25%Flexible Home Loan Fixed - 2 Years Fixed Rate (Investor, P&I), Flexible Home Loan Fixed with Members Package - 2 Years Fixed Rate (Investor, P&I)Oct 19
Northern Beaches Credit UnionUp 0.15% - 0.25%Fixed Rate Home Loan - 1, 2, 3 Years (owner occupier + investor, principal and interest + interest only)Oct 12
St.GeorgeDown by 0.20%Standard Fixed Rate 2 Year (Investor, P&I)Oct 23
UbankUp 0.05% - 0.10%UBank UHomeLoan - 3, 5 Year Fixed Rate (Investor p&i + io)Oct 16

Compare refinance home loans today

Rates last updated February 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.
3.64%
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.
3.49%
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.
3.57%
3.58%
$0
$0 p.a.
80%
Get a very low interest rate and avoid big fees. Apply online for full approval in under 30 minutes and add a 100% offset account for $10 a month.
3.70%
3.70%
$0
$0 p.a.
70%
A low interest rate home loan with no application or ongoing fees.
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.
3.69%
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.
3.81%
3.81%
$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.
3.70%
3.90%
$0
$0 p.a.
70%
Enjoy all the benefits of the Basic Home Loan and take advantage of an offset account.
3.59%
3.62%
$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.
3.97%
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.
3.54%
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.
3.49%
4.58%
$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%
3.85%
$0
$10 monthly ($120 p.a.)
70%
A low fixed rate mortgage for borrowers with a 30% deposit. Comes with a 100% offset account.
3.73%
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.
3.86%
3.86%
$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.
3.79%
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.
3.82%
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.
3.87%
4.30%
$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.
3.81%
4.06%
$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.
3.72%
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.
3.59%
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.
3.74%
4.56%
$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%
4.92%
$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.
4.48%
4.24%
$0
$0 p.a.
80%
Fix your rate and minimise repayments for 2 years with this interest-only investor mortgage.
4.14%
4.87%
$0
$0 p.a.
80%
Pay no application fees and access a fee-free redraw facility with this fixed rate loan.
4.14%
3.94%
$0
$0 p.a.
80%
Pay no application or ongoing fee and borrow up to 80% LVR.

Compare up to 4 providers

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