Home loan interest rate changes for April 2017
Lenders are still moving interest rates despite the RBA making no change to the official cash rate.
Lenders 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 | 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
| Lender | Change | Date effective | |
|---|---|---|---|
| Bank Australia | Up 0.07% | Basic Home Loan Variable (owner occupier) | 13 Apr |
| Bank of Queensland | Up 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 Melbourne | Up 0.03% - 0.30% | Variable Rate Home Loans (owner occupier + investor, principal and interest + interest only) | 8 May |
| BankSA | Up 0.08% - 0.32% | Variable Rate Home Loans (owner occupier, interest only), Variable Rate Home Loans (investor, principal and interest + interest only) | 8 May |
| Bankwest | Up 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 Bank | Down 0.05% | Total Home Loan Package Variable (investor) | 26 Apr |
| CUA | Up 0.02% | Rate Breaker Package (owner occupier + investor) | 18 Apr |
| G&C | Up 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 Bank | Up 0.07 0.20% | Discounted Variable (owner occupier + investor), Standard Variable (owner occupier + investor) Line of Credit | 26 Apr |
| Heritage Bank | Up 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 |
| IMB | Up 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 Direct | Up 0.25% | Orange Advantage Home Loan (investor), Mortgage Simplifier Home Loan (investor) | 4 Apr |
| loan.com.au | Up 0.05% - 0.20% | Essentials Variable - (owner occupier + investor), Offset Variable - (owner occupier + investor) | 18 Apr |
| ME | Up 0.20% - 0.40% | Basic Home Loan - (investor), Flexible Home loan (investor), Flexible Home loan Fixed with Members Package (owner occupier + investor) | 27 apr |
| MOVE | Down 0.05% | Lockit Home Loan - 3 Years | 7 Apr |
| Newcastle Permanent Bulding Society | Down 0.10% | Newcastle Permanent Building Society Premium Plus Package New customer P&I + IO | 1 May |
| People's Choice Credit Union | Up 0.28% | Line of Credit, Home Loan Package LOC | 12 Apr |
| Pepper Money | Up 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.George | Up 0.08% - 0.31% | Variable Rate Home Loans (owner occupier, interest only), Variable Rate Home Loans (investor, principal and interest + interest only) | 8 May |
| Ubank | Up 0.20% | Standard Variable Rate Home Loans (investor) | 21 Apr |
| Virgin Money | Up 0.15%- | Variable Rate Home Loan (owner occupier only) | 5 Apr |
| Lender | Change | Date effective | |
|---|---|---|---|
| Bank Australia | Up 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 Bank | Up 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 Bank | 0.05% - 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 |
| BOQ | Up 0.15% | Home Loan Privileges Package - 3 Years Fixed (owner occupier + investor) | 5 Apr |
| Catalyst Money | Up 0.20% | Fixed Lite Home Loan - 3 Years Fixed (owner occupier), Fixed Home Loan - 3 Years Fixed (owner occupier) | 3 Apr |
| Homeloans | Up 0.22% | Ultra Plus Fixed Home Loan - 1, 2, 3, 4, 5 (investor) | 21 Apr |
| Illawarra Credit Union | Up 0.20% | Fixed Lite Home Loan - 3 Years Fixed (owner occupier), Fixed Home Loan - 3 Years Fixed (owner occupier) | 3 Apr |
| IMB | Up 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 |
| ME | Up 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 |
| ME | Up 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 Society | Up 0.10% | Standard Fixed Home Loan - 4, 5, 7, 10 Years Fixed | 24 Apr |
| Newcastle Permanent Building Society | Down 0.10% | Fixed Rate Special Home Loan - 1, 2, 3 Years Fixed (Owner Occupier) | 24 Apr |
| Newcastle Permanent Building Society | Down 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 |
| Ubank | Down 0.10% | UBank UHomeLoan - 5 Years Fixed Rate (Owner Occupier + Investor) | 21 April |
| Ubank | Up 0.10% - 0.30% | UBank UHomeLoan - 1,3 Years Fixed Rate (Owner Occupier + Investor) | 21 April |
| Virgin Money | Up 0.15% | Virgin Reward Me Fixed Home Loan - 3 Years Fixed (Investor) | 5 Apr |
