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

Adam Smith 4 September 2017 NEWS

woman laptop brainstormingHas your lender moved on rates outside of the RBA? Find out here.

It's looking like the Reserve Bank will remain content to sit on its hands for the duration of the year, with another rate hold this week. In spite of this, the home loan market has been far from static. Last month, 14 lenders in the finder.com.au database changed their rates. The steepest hike was 40 basis points, while the deepest cut was 30 basis points.

Moves like these could make a big difference to your monthly repayments. On a 30-year home loan of $500,000 at 4.5%, a 40 basis point hike would leave you $120.20 per month worse off, while a 30 basis point cut would save you $88.34 per month. Those savings might not sound like much, but they amount to $31,802.65 in interest payments over the life of your loan.

Check out our tables below to see which lenders have moved on rates. If your lender has raised rates, you might be able to find a better deal.

Major bank changes

LenderChangeLoans affectedDate effective
LenderChangeLoans affectedDate effective

Other lenders

LenderChangeLoans affectedDate effective
IMBUp 0.15% - 0.17%Essentials Home Loan - LVR <=70% (investor), Platinum Package - $500,000 LVR <=70%, $150k+ LVR <=70% (investor)20 Sep
IMBUp 0.30%Essential Home Loan - LVR <=70 and <=90% (Owner occupier + Investor)29 Sep
HomeloansUp 0.02 - 0.05%Ultra Plus $200k+ LVR <80% (owner occupier + investor, principal and interest only)18 Sep
MEDown 0.20%ME Flexible Home Loan With Member Package (investor)5 Sep
QTMBDown 0.04%Mortgage Saver Home Loan Special21 Sep
Virgin MoneyDown 0.5 - 0.10Virgin Reward Me Variable Home Loan - LVR <= 80% ($500k to $750k and $750k+ Investor, P&I)25 Sep
LenderChangeLoans affectedDate effective
CUADown 0.10%-.20%Fixed Rate Home Loan - 1, 2, 3, 5 Years Fixed (investor), Premium Fixed Rate Home Loan - 1, 2, 3, 5 Years Fixed(investor)19 Sep
IMBDown 0.10%Fixed Rate Home Loan - 3, 4, 5 Years Fixed, Platinum Package Fixed - 2, 3, 5 Years Fixed (owner occupier)15 Sep
IMBUp 0.15%Fixed Rate Home Loan - 1, 3, 5 Years LVR <=70% (investor), Platinum Package Fixed Rate Home Loan - 1, 3, 5 Years Fixed LVR <=70% (investor)19 Sep
IMBUp 0.30%IMB Fixed Rate Home Loan - 1, 2, 3, 4, 5, Years LVR < 90% Owner occupier29 Sep
MEUp 0.10%Flexible Home Loan - 2 Year Fixed Rate (owner occupier), Flexible Home Loan Fixed with Members Package - 2 Year Fixed Rate (owner occupier)27 Sep
Newcastle Permanent Building SocietyDown 0.10%- 0.15%Fixed Rate Home Loan - 1 , 2, 3, 4, 5, Years Fixed Standard (owner occupier principal and interest - interest only)18 Sep
Virgin MoneyDown 0.10% - 0.20%Fixed Rate Home Loan - 2, 3, 4, 5 Years Fixed (owner occupier + investor)19 Sep

Compare refinance home loans today

Rates last updated May 24th, 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
3.69%
3.69%
$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.
3.64%
3.67%
$0
$0 p.a.
80%
A mortgage with a competitive variable rate, limited fees and plenty of flexibility.
3.69%
3.69%
$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.
3.64%
4.03%
$0
$395 p.a.
80%
New borrowers or refinancers from another lender get a discounted rate with this package loan.
3.62%
3.62%
$0
$0 p.a.
80%
Pay no application or ongoing fees and get access to a redraw facility and flexible repayment schedule. Refinance to a UBank loan and you could get $1,000 in your USaver account (offer conditions apply).
3.64%
3.64%
$0
$0 p.a.
70%
Get a discount for keeping your LVR at 70% or below with this innovative online lender.
3.68%
3.83%
$0
$10 monthly ($120 p.a.)
80%
Get a 100% offset account to save on interest charges, and pay no application fee.
3.69%
3.71%
$0
$0 p.a.
80%
A great interest rate home loan offer with unlimited redraw and unlimited extra payments.
3.69%
4.06%
$0
$349 p.a.
90%
Package your loan with other AMP products and save on rates and fees.
3.70%
4.13%
$0
$395 p.a.
90%
Package your loan with an eligible credit card for discounts on rates and fees, and get a 100% offset account.
3.88%
4.89%
$0
$395 p.a.
95%
Low deposit home loan. Enjoy flexible repayment options while paying limited fees.
3.77%
3.81%
$200
$0 p.a.
95%
A simplified mortgage with a low interest rate and a redraw facility.
3.69%
3.94%
$0
$248 p.a.
70%
Get a sharp rate and a 100% offset account. Borrowers must have a 30% deposit.
3.68%
3.69%
$0
$0 p.a.
95%
This variable rate loan offers flexible repayments and a redraw facility. Available with a 5% deposit.
3.79%
3.79%
$0
$0 p.a.
80%
Pay no application and ongoing fees with Macquarie Bank Basic Home Loan.
3.54%
3.58%
$0
$0 p.a.
80%
Eligible borrowers can get $900 cashback on this loan with a 100% offset account and a redraw facility.
3.69%
3.73%
$600
$0 p.a.
95%
Variable rate home loan from one of the big 4 banks. Available with just a 5% deposit.
3.79%
3.81%
$0
$0 p.a.
90%
Buy your home with just a 10% deposit, few fees and a reasonable interest rate.
3.73%
3.73%
$0
$0 p.a.
80%
Get a 100% offset account and pay no application or ongoing fees on this special variable rate for owner-occupiers.
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.
3.65%
3.66%
$0
$0 p.a.
80%
This special rate loan comes with no application or ongoing fees, and offers a flexible repayment schedule.
3.78%
3.78%
$0
$0 p.a.
80%
Pay no application or ongoing fees and get access to a free redraw facility with this innovative online lender.
3.69%
4.11%
$0
$395 p.a.
80%
Save on interest with a 100% offset account and save on other ME products with this package loan.
3.89%
4.87%
$0
$0 p.a.
90%
Borrow up to 90% of the value of the property you're buying and pay no application or ongoing fees.
3.99%
4.86%
$0
$0 p.a.
80%
Access a fee-free 100% offset account and pay no application or ongoing fees.
3.85%
4.05%
$0
$350 p.a.
95%
This high LVR fixed rate loan allows you to borrow up to 95% of the value of the property you're buying.
4.09%
4.11%
$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.
3.64%
3.78%
$0
$10 monthly ($120 p.a.)
80%
Earn Velocity Points on your mortgage (for a limited time, subject to eligibility requirements). Plus, access a 100% offset account to save on interest.
4.09%
4.12%
$0
$0 p.a.
95%
Buy a home with just a 5% deposit and get flexible repayment options and a redraw facility.
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.
3.99%
4.03%
$0
$0 p.a.
95%
Buy a home with just a 5% deposit and pay no application or ongoing fees.
3.59%
4.42%
$600
$0 p.a.
95%
Get a 1% discount for the first two years of your loan and pay no application or ongoing fees.
3.68%
3.69%
$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.
4.39%
5.42%
$300
$10 monthly ($120 p.a.)
95%
Lock in a fixed interest rate term for repayment certainty.
3.89%
4.97%
$0
$395 p.a.
95%
Get discounts on a range of Commonwealth Bank products and enjoy the option of fee-free extra repayments during the fixed term.
3.89%
4.96%
$0
$395 p.a.
95%
Refinancers can get $1,500 cashback. Conditions apply. Package your home loan with a Qantas rewards earning Amplify credit card.
3.89%
4.88%
$0
$395 p.a.
95%
Refinance from your existing loan and get a $1,250 rebate. Terms and conditions apply. Plus get discounts on a range of Westpac products.

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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).

Aussie is a trade mark of AHL Investments Pty Ltd. Aussie is a subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124. ©2018 AHL Investments Pty Ltd ABN 27 105 265 861 Australian Credit Licence 246786.

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