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

Adam Smith 1 February 2018 NEWS

percent stock board1The RBA started its year with a fizzle, but lenders are firing up the competition.

The Reserve Bank has officially kicked off its year of cash rate meetings, but it was an uneventful one. The RBA Board chose to leave the official cash rate untouched at 1.50%.

It's been a quiet 2018 for many lenders so far as well. Last month, five lenders in the finder.com.au database made out-of-cycle rate moves. Those that did move, however, moved significantly. The deepest cut was 40 basis points, while the steepest hike was 20 basis points.

As the year gets into full swing, you can expect lenders to become more active, regardless of the course set by the RBA. You can track all of February's out-of-cycle rate changes in the table below. If your lender chooses to lift rates or if you see a lender deal a steep rate cut, it might be time to refinance.

Non-major lenders

LenderChangeLoans affectedDate effective
INGDown by 0.5% - 0.17%Mortgage Simplifier (owner occupier, investor + principal and interest + interest only), Orange Advantage (investor, principal and interest + interest only)16 Feb
loans.com.auUp by 0.10%Offset Variable - Up to 80% LVR (investor + principal and interest), Essentials Variable (investor + principal and interest)12 Feb
loans.com.auDown 0.12% - 0.20%Essentials Variable (owner occupier + investor, principal and interest and interest only), Offset Variable (owner occupier + investor, principal and interest and interest only)12 Feb
Macquarie BankDown by 0.15%Basic Flyer Variable (investor, principal and interest) , Basic Variable (investor, principal and interest)19 Feb
Newcastle Permanent Building SocietyDown by 0.30%Premium Package Home Loan Special Offer (Investor, principal and interest and interest only), Real Deal Home Loan (Investor, principal and interest), Real Deal Home Loan (Investor, principal and interest and interest only), Premium Variable (Investor + principal and interest and interest only), Premium Package Tier 1, Tier 2, Tier 3 and Tier 4 (owner occupier, interest only)26 Feb
People's Choice Credit UnionDown by 0.16%Home Loan Package Special Offer LVR <80% (owner occupier, principal and interest only)8 Feb
Virgin MoneyDown 0.10% - 0.25%Virgin Reward Me Variable Home Loan (investor, principal and interest and interest only)19 Feb
MeDown 0.05%Flexible Home Loan With Member Package (owner occupier + principal and interest)28 Feb
LenderChangeLoans affectedDate effective
INGUp 0.3% - 0.41%Fixed Rate (investor)16 Feb
Macquarie BankUp 0.05% - 0.31%Basic Fixed Rate - 2 ,3, 5 Years Fixed (owner occupier + principal and interest),Basic Fixed Rate - 2 ,3, 5 Years Fixed (investor + principal and interest), Basic Flyer Fixed Rate - 2 ,3, 5 Years Fixed (owner occupier + principal and interest), Basic Flyer Fixed Rate - 2 ,3, 5 Years Fixed (investor + principal and interest)19 Feb
MeUp 0.15%Flexible Home Loan Fixed - 1, 2, 3, 4, 5, 6, 7 Fixed (owner occupier + principal and interest), Flexible Home Loan Fixed - 1, 2, 3, 4, 5, 6, 7 Fixed (investor + principal and interest)28 Feb

Compare refinance home loans today

Rates last updated May 25th, 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.
3.77%
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.
3.79%
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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