Home loan interest rate changes for April 2017

Jodie Humphries 4 April 2017 NEWS

April 2017 interest rate changesLenders are still moving interest rates despite the RBA making no change to the official cash rate.

The RBA's inaction was predicted by almost all experts and economists with no change in the finder.com.au RBA survey. Lenders, on the other hand, are still moving interest rates irrespective of what the RBA does. This trend started in November and December last year and continued even before the first RBA meeting in February this year. It doesn't seem to be stopping.

Big four bank changes

Lender Change Loans affected Date effective
ANZ Up 0.36% - 0.40% Variable Rate Home Loans (owner occupier + investor, interest only) 22 Apr(late July for existing)
CBA Up 0.03% - 0.26% Variable Rate Home Loans (owner occupier + investor, principal and interest + interest only) 8 May

All other rate changes

LenderChangeLoans affectedDate effective
Bank AustraliaUp 0.07%Basic Home Loan Variable (owner occupier)13 Apr
Bank of QueenslandUp 0.10%Clear Path Line of Credit (investor), Economy Home Loan (investor), Low Doc Home Loan (investor), Low Doc Line of Credit (investor), Standard Variable (investor), Clear Path Variable (investor), Discount Variable (investor), Line of Credit (investor), Privilege Package Variable (investor), Privilege Package Line of Credit (investor)18 Apr
Bank of MelbourneUp 0.03% - 0.30%Variable Rate Home Loans (owner occupier + investor, principal and interest + interest only)8 May
BankSAUp 0.08% - 0.32%

Variable Rate Home Loans (owner occupier, interest only), Variable Rate Home Loans (investor, principal and interest + interest only)

8 May
BankwestUp 0.04% - 0.25%

Complete Variable Home Loan - (owner occupier + investor), Premium Select Home Loan - (owner occupier + investor), Equaliser Home Loan - (owner occupier + investor), Senior Equity, Complete Equity, Equity Access

7 Apr
Bendigo Bank Up 0.30%

Residential Investment Variable, Connect Package Variable (investor), Equity Line of Credit (investor)

5 Apr
Beyond Bank Up 0.10% - 0.29%

Pinnacle Plus Package - Variable, Pinnacle Plus Package - All in one, Standard Variable (owner occupier + investor), Total Home Loan Package Variable (owner occupier)

26 Apr
Beyond BankDown 0.05%

Total Home Loan Package Variable (investor)

26 Apr
CUAUp 0.02%

Rate Breaker Package (owner occupier + investor)

18 Apr
G&CUp

0.06-0.18%

Premium Home Loan Package (owner occupier + investor), Solutions Home Loan Package (owner occupier + investor), Standard Variable Home Loan (owner occupier + investor), Construction Home Loan (owner occupier + investor)

4 Apr
Greater BankUp 0.07 0.20%

Discounted Variable (owner occupier + investor), Standard Variable (owner occupier + investor) Line of Credit

26 Apr
Heritage BankUp 0.10% - 0.25%

Discount Variable (owner occupier + investor), Advantage Package (owner occupier + investor), Living Equity Line of Credit (owner occupier + investor)

11 Apr
Homeloans Up 0.22%

Ultra Plus Variable (owner occupier + investor)

21 Apr
IMBUp 0.10% - 0.25%

Budget Home Loan (owner occupier), Accelerator Home Loan (owner occupier), Essentials Home Loan (owner occupier + investor), Introductory Home Loan (owner occupier), Discount Split Home Loan (owner occupier), Standard Variable Home Loan (owner occupier + investor), Equity Line Advantage (owner occupier + investor), Lo Doc Home Loan, Platinum Package (owner occupier + investor)

5 Apr
ING DirectUp 0.25%Orange Advantage Home Loan (investor), Mortgage Simplifier Home Loan (investor)4 Apr
loan.com.auUp 0.05% - 0.20%Essentials Variable - (owner occupier + investor), Offset Variable - (owner occupier + investor)18 Apr
MEUp 0.20% - 0.40%Basic Home Loan - (investor), Flexible Home loan (investor), Flexible Home loan Fixed with Members Package (owner occupier + investor)27 apr
MOVEDown 0.05%Lockit Home Loan - 3 Years7 Apr
Newcastle Permanent Bulding SocietyDown 0.10%Newcastle Permanent Building Society Premium Plus Package New customer P&I + IO1 May
People's Choice Credit UnionUp 0.28%Line of Credit, Home Loan Package LOC12 Apr
Pepper MoneyUp by 0.10% - 0.25%

Advantage Alt Doc , Advantage Alt Doc Plus, Advantage Full Doc, Advantage Full Doc Plus , Easy Alt Doc, Easy Alt Doc Plus, Easy Full Doc, Essential Full Doc & Essential Plus Full Doc

24 Apr
St.GeorgeUp 0.08% - 0.31%Variable Rate Home Loans (owner occupier, interest only), Variable Rate Home Loans (investor, principal and interest + interest only)8 May
UbankUp 0.20%Standard Variable Rate Home Loans (investor)21 Apr
Virgin MoneyUp 0.15%-Variable Rate Home Loan (owner occupier only)5 Apr
LenderChangeLoans affectedDate effective
Bank AustraliaUp 0.10% - 0.30%Basic Home Loan - 1, 2, 3, 4, 5 Years Fixed (owner occupier), Premium Fixed Rate Home Loan - 1, 2, 3, 4, 5 Years Fixed (owner occupier), Premium Home Loan Package - 1, 2, 3, 4, 5 Years Fixed (owner occupier)13 Apr
Bendigo BankUp 0.30%Fixed Rate Home Loan - 1, 2, 3, 4, 5 Years Fixed (investor), Connect Package - 1, 2, 3, 4, 5 Years Fixed (investor), Basic Home Loan - 1, 2, 3, 4, 5 Years Fixed (investor)5 Apr
Beyond Bank0.05% - 0.25%Pinnacle Plus Package Fixed - 1, 2, 3, 4, 5 Years Fixed (owner occupier + investor), Fixed Rate Home Loan - 2, 3 Years Fixed (owner occupier + investor), Total Home Loan Package - 2, 3 Years Fixed (owner occupier + investor)26 Apr
Beyond Bank Down 0.05%Total Home Loan Package - 1, 4, 5 Years Fixed (investor)26 Apr
BOQUp 0.15%Home Loan Privileges Package - 3 Years Fixed (owner occupier + investor)5 Apr
Catalyst MoneyUp 0.20%Fixed Lite Home Loan - 3 Years Fixed (owner occupier), Fixed Home Loan - 3 Years Fixed (owner occupier)3 Apr
HomeloansUp 0.22%Ultra Plus Fixed Home Loan - 1, 2, 3, 4, 5 (investor)21 Apr
Illawarra Credit UnionUp 0.20%Fixed Lite Home Loan - 3 Years Fixed (owner occupier), Fixed Home Loan - 3 Years Fixed (owner occupier)3 Apr
IMBUp 0.04% - 0.14%Fixed Rate Home Loan - 3, 5 Years Fixed (owner occupier + investor), Platinum Package Home Loan - 3, 5 Years Fixed (owner occupier + investor)5 Apr
MEUp 0.10% - 0.15%Flexible Home Loan - 1, 2, 3 Years Fixed (owner occupier + investor), Flexible Home Loan with Member Package - 1, 2, 3 Years Fixed (owner occupier + investor), Flexible Home Loan Interest in Advance - 1 Year (investor), Flexible Home Loan with member Package - 1 Year (investor)7 Apr
MEUp 0.20% - 0.25%Flexible Home Loan Fixed - 1, 2, 3, 4, 5, 6, 7, (investor), Flexible Home Loan Fixed with Members Package - 1, 2, 3, 4, 5, 6, 7, (investor)27 Apr
Newcastle Permanent Building SocietyUp 0.10%Standard Fixed Home Loan - 4, 5, 7, 10 Years Fixed24 Apr
Newcastle Permanent Building SocietyDown 0.10%Fixed Rate Special Home Loan - 1, 2, 3 Years Fixed (Owner Occupier)24 Apr
Newcastle Permanent Building SocietyDown 0.10%Fixed Rate Special Home Loan - 4,5 Years P&I + IO (owner occupier), Standard Fixed Rate - 4, 5 Years P&I + IO (owner occupier)1 May
UbankDown 0.10%UBank UHomeLoan - 5 Years Fixed Rate (Owner Occupier + Investor)21 April
UbankUp 0.10% - 0.30%UBank UHomeLoan - 1,3 Years Fixed Rate (Owner Occupier + Investor)21 April
Virgin MoneyUp 0.15%Virgin Reward Me Fixed Home Loan - 3 Years Fixed (Investor)5 Apr
Western City Credit Union

Up 0.20%

Fixed Lite Home Loan - 3 Years Fixed (owner occupier), Fixed Home Loan - 3 Years Fixed (owner occupier)

3 Apr

Compare home loans for June 2019 to make sure you're getting the best rate

Rates last updated June 16th, 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. UBank will cut its variable rates for new and existing customers on June 28, making this rate even lower.
3.44%
3.44%
$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.
3.39%
4.41%
$300
$10 monthly ($120 p.a.)
90%
A low fixed rate loan that lets you borrow up to 90% of your property's value.
2.99%
4.09%
$395
$0 p.a.
80%
A one year fixed rate offer with no ongoing bank fees.
3.58%
4.26%
$0
$395 p.a.
80%
Get a low 3 year fixed rate with a 100% offset account and package discounts.
3.54%
3.54%
$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.
3.24%
3.88%
$395
$0 p.a.
80%
A competitive fixed interest rate product with no ongoing bank fees.
2.99%
4.40%
$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.
3.49%
3.49%
$0
$10 monthly ($120 p.a.)
95%
Lock in a competitive rate for three years while you pay off your home. 100% offset account attached.
3.65%
3.66%
$500 (if over 80% LVR)
$0 p.a.
80%
A competitive variable mortgage for home buyers. This loan has flexible repayments and an optional redraw facility.
3.44%
4.51%
$300
$10 monthly ($120 p.a.)
90%
Home buyers can lock in a very competitive fixed interest rate for 2 years.
3.59%
4.35%
$600
$0 p.a.
95%
Competitive rates for fixed for 3 years with no ongoing fees.
3.44%
3.48%
$0
$10 monthly ($120 p.a.)
80%
Get a competitive variable rate and a 100% offset account.
3.85%
4.18%
$500
$0 p.a.
95%
Apply for Easy Street fixed rate home loans and get a competitive loan with a fixed interest rate.
3.59%
3.99%
$0
$395 p.a.
95%
Get interest rate discounts and waived fees on this package loan with a 100% offset account. $500 cashback offer for first homebuyers borrowing over 80% and paying LMI.
3.79%
4.22%
$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%
Package your loan with other AMP products and save on rates and fees.
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.
3.74%
3.74%
$0
$0 p.a.
70%
Investors with a 30% deposit can get this low rate loan to fund their property portfolio. Take advantage of split and redraw facilities.
3.74%
4.31%
$0
$395 p.a.
80%
Lock in a competitive rate for owner occupiers for two years. Extra repayments up to $30,000 over the life of the fixed period can be made.
3.79%
3.79%
$0
$0 p.a.
95%
Competitive, flexible rate mortgage with simple features and low fees. Low deposit option available.
3.59%
3.48%
$0
$0 p.a.
70%
Get a low interest rate and a mortgage with flexible, basic features. No application or ongoing fees. Requires a 30% deposit.
3.69%
4.21%
$0
$10 monthly ($120 p.a.)
90%
Get a low discounted rate for 2 years plus a 100% offset account. And you can get the loan with a 10% deposit.
3.99%
4.00%
$500 (if over 80% LVR)
$0 p.a.
80%
A variable investment mortgage with flexible repayments and an optional redraw facility.
3.89%
4.29%
$0
$395 p.a.
95%
A package loan that offers discounts and a 100% offset account.
3.49%
3.48%
$0
$10 monthly ($120 p.a.)
90%
Fix to a low interest rate for two years while paying off your home and taking advantage of a 100% offset account.
3.57%
3.61%
$0
$0 p.a.
95%
A simplified mortgage with a low interest rate and a redraw facility. Approval fee waived for a limited time.
3.99%
3.99%
$0
$0 p.a.
80%
Get a discounted, low-fee investor loan from a convenient online lender. 20% deposit required. UBank will cut its variable rates for new and existing customers on June 28, making this rate even lower.
3.64%
4.63%
$300
$10 monthly ($120 p.a.)
90%
Low fixed rate loan for home buyers. Available with a 10% deposit. 100% offset account attached.
3.97%
4.28%
$0
$299 p.a.
80%
A competitive package rate for loans above $150,000. Optional 100% offset account.
3.63%
4.74%
$0
$0 p.a.
90%
A package home loan with a sharp fixed rate and a 10% deposit option for low deposit borrowers.
3.44%
3.70%
$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.
3.69%
3.86%
$0
$0 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. Approval fee waived for a limited time.
3.39%
4.57%
$395
$0 p.a.
80%
Investors can enjoy flexible repayments and an easy application process with this pioneering online lender.

Compare up to 4 providers

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