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

Adam Smith 3 October 2017

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 0.35 Basic 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 21st, 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
3.52%
3.54%
$0
$0 p.a.
80%
A basic home loan with a competitive rate and low fees.
3.52%
3.53%
$0
$0 p.a.
80%
A competitive variable rate product with no application or valuation fees offered by a 100% online lender.
3.59%
3.60%
$0
$0 p.a.
90%
Enjoy a low variable rate with no ongoing fees and borrow up to 90% of the value of the property.
3.54%
3.58%
$0
$0 p.a.
80%
A variable rate home loan with competitive rate, redraw facility and offset account.
3.69%
3.69%
$0
$0 p.a.
90%
A special limited time offer for owner occupiers. An IMB Transaction Account must be opened with this loan.
3.58%
3.58%
$0
$0 p.a.
70%
A low interest rate home loan with no application or ongoing fees.
3.49%
4.49%
$0
$375 p.a.
90%
Discount off an already competitive interest rate for loans over $150k. NSW, QLD and ACT residents only.
3.74%
3.74%
$0
$0 p.a.
80%
Pay no application fee or ongoing fees with this loan.
3.88%
4.89%
$0
$395 p.a.
95%
A fixed rate package with flexible repayment options. 350K NAB Rewards Points offer available. Terms and conditions apply.
3.64%
3.67%
$0
$0 p.a.
80%
A low rate home loan with no ongoing fees.
3.64%
3.67%
$0
$0 p.a.
80%
A home loan with a competitive variable rate, limited fees and plenty of flexibility.
3.77%
3.81%
$200
$0 p.a.
95%
A basic home loan with a low interest rate and a redraw facility available.
3.65%
3.66%
$0
$0 p.a.
90%
A competitive variable rate home loan with no application fee.
3.74%
3.74%
$0
$0 p.a.
110%
Requires a family member to act as guarantor. Discounted rate available with family pledge loans. Family pledge loans
require no LMI and no deposit. NSW, Qld and ACT only.
3.60%
3.62%
$0
$0 p.a.
80%
Take advantage of a 100% offset account along with no annual or application fees.
3.62%
3.62%
$0
$0 p.a.
80%
A discounted, competitive variable rate loan with limited fees.
3.73%
3.73%
$0
$0 p.a.
80%
A special low variable rate for owner occupiers with 100% offset account and no application or ongoing fees.
3.74%
3.75%
$0
$0 p.a.
80%
A special variable rate home loan with no application or ongoing fees.
3.68%
3.83%
$0
$10 monthly ($120 p.a.)
80%
A low interest rate home loan that allows borrowers to borrow up to 80% of the property value.
3.64%
4.03%
$0
$395 p.a.
80%
Apply for a new owner occupier loan or refinance from another lender and receive this discounted rate.
3.64%
3.64%
$0
$0 p.a.
70%
A low-rate basic home loan requiring a 30% deposit.
3.94%
3.71%
$0
$0 p.a.
80%
Apply online for this fixed rate, low-fee loan with redraw facilities and an optional offset account.
3.78%
3.78%
$0
$0 p.a.
80%
A basic low-rate home loan that still offers some useful features.
3.89%
3.91%
$0
$0 p.a.
80%
Package your owner-occupied loan with your investment loan and enjoy low rates for both.
3.69%
4.47%
$0
$375 p.a.
90%
Discount off an already competitive 2 year fixed rate for loans over $150k. NSW,QLD and ACT residents only.
3.99%
4.41%
$0
$395 p.a.
90%
A discounted home loan variable rate that comes with a competitive package, an eligible credit card and an offset transaction account.
3.65%
4.84%
$0
$395 p.a.
90%
A 2 years fixed platinum package that has $0 application and a loan redraw facility.
4.19%
3.78%
$0
$0 p.a.
80%
Tic:Toc's fixed rate owner occupier loan has a competitive rate, limited fees and a fast, easy online application process.
4.09%
4.12%
$0
$0 p.a.
95%
This loan has a high max insured LVR, making it an option for low deposit borrowers.
3.97%
4.02%
$445
$0 p.a.
90%
Get a competitive rate without features you may not use.
4.09%
4.11%
$0
$0 p.a.
90%
Access a fee-free offset account and a special interest rate for investors.
3.97%
3.97%
$0
$0 p.a.
90%
A competitive variable rate home loan with no ongoing fees.
3.99%
3.99%
$395
$0 p.a.
80%
A flexible low-rate variable home loan that lets you combine your loan with other financial products.
3.74%
4.15%
$0
$395 p.a.
80%
Enjoy a discount of a competitive interest rate and 100% offset account.
4.19%
4.19%
$0
$0 p.a.
90%
100% offset account, unrestricted additional repayments and no monthly account keeping fees
3.89%
4.87%
$0
$0 p.a.
90%
Enjoy a low interest rate and borrow up to 90% (with LMI) of your property's value.
3.99%
4.77%
$0
$0 p.a.
80%
A competitive 3 year fixed rate with a redraw facility and split loan options, plus no application fee.
3.94%
3.97%
$0
$0 p.a.
80%
Access the equity in your home with a competitive interest-only rate and no application fee.
3.74%
3.74%
$0
$0 p.a.
95%
A low rate home loan with no application or ongoing fees. Free home & contents insurance for 1 year. T&Cs apply. Note that to be eligible for this loan you must be QLD resident.
3.69%
4.00%
$0
$350 p.a.
95%
Fix your rate for 3 years and borrow up to 95% LVR.
3.84%
4.83%
$0
$0 p.a.
80%
Get a competitive 2-year fixed rate with no application or ongoing fees.
$0
$0 p.a.
A basic low-rate home loan that still offers some useful features.
3.68%
3.69%
$0
$0 p.a.
95%
A no frills loan with a competitive rate and a maximum LVR of 95%.
3.69%
3.71%
$0
$0 p.a.
90%
A great interest rate home loan offer with unlimited redraw and unlimited extra payments.
3.64%
3.78%
$0
$10 monthly ($120 p.a.)
80%
A competitive variable rate home loan with flexible features. You can earn 30,000 Velocity Points for every $100k you borrow (for a limited time, subject to eligibility requirements).
3.69%
3.69%
$0
$398 p.a.
70%
Enjoy a low variable rate with no application and ongoing fees.
3.99%
4.03%
$0
$0 p.a.
95%
Enjoy a basic home loan with a high LVR and no application or ongoing fees.
3.59%
4.42%
$600
$0 p.a.
95%
This competitive introductory rate is a limited time offer for new owner-occupiers
3.68%
3.69%
$0
$0 p.a.
90%
Get a low variable rate along with some important basic features.
3.79%
3.79%
$0
$0 p.a.
80%
Minimum loan amount for this basic home loan is $750000.
4.09%
4.11%
$0
$0 p.a.
80%
A low variable rate loan with no application or ongoing fees.
4.39%
5.42%
$300
$10 monthly ($120 p.a.)
95%
Lock in a fixed interest rate term for repayment certainty.
3.99%
4.99%
$0
$395 p.a.
95%
A package home loan with fee free extra repayments available during the fixed term.
3.85%
4.95%
$0
$395 p.a.
95%
A discounted package rate for owner occupiers with the ability to package a Qantas rewards earning Amplify credit card. $1,500 cashback available for refinancers. Conditions apply.
3.88%
4.88%
$0
$395 p.a.
95%
Refinance from your existing loan and get a $1,250 rebate. Lock in a discounted fixed rate with a low service fee.

Compare up to 4 providers

iConnect Logo

Enter your details below to receive an obligation-free quote from an iConnect home loans expert today

iConnect Financial mortgage brokers work with a range of well known lenders to find you the right home loan.

  • Completely free, expert home loan advice.
  • Offers a suite of digital tools to make you a smarter borrower.
  • Calculate your borrowing power with a free personalised home loan report.

iConnect Lender Logos

Aggregator of the Year 2016

Australian Mortgage Awards

Get more from finder

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, read the PDS or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms and Conditions and Privacy Policy.
Ask a question
Go to site