Home loan interest rate changes for April 2017

Posted: 4 April 2017 11:56 am
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

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

Rates last updated November 12th, 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
3.03%
3.04%
$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.
2.84%
2.84%
$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.
2.88%
2.90%
$0
$0 p.a.
80%
Get one of the lowest variable interest rates on the market and pay 0 application or ongoing fees.
3.18%
3.24%
$449
$0 p.a.
90%
NSW and ACT customers only. You can get an interest rate discount for a limited time with this competitive variable mortgage.
3.44%
3.41%
$0
$10 monthly ($120 p.a.)
90%
Enjoy a competitive fixed rate with no application fee. Eligible borrowers can earn Velocity Frequent Flyer Points with this mortgage, and extra bonus points for a limited time.
2.77%
2.78%
$0
$0 p.a.
80%
A very competitive variable rate mortgage for home buyers with a 20% deposit saved. Add an optional 100% offset account for a $10 monthly fee.
2.79%
3.82%
$0
$0 p.a.
90%
Get one of the lowest rates on the market with this fixed rate mortgage. Available with just a 10% deposit. Guarantor option available. NSW, QLD and ACT residents only.
2.95%
2.99%
$500
$0 p.a.
95%
This mortgage combines a very sharp interest rate with a 100% offset account and it's available with a 5% deposit.
3.03%
3.06%
$0
$0 p.a.
80%
This low, variable rate loan has no ongoing fees and a redraw facility. Requires a 20% deposit.
3.19%
3.21%
$0
$0 p.a.
80%
A competitive variable investor rate for borrowers with 20% deposits. Low fees, redraw facilities and repayment flexibility.
3.09%
3.09%
$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.
2.69%
3.19%
$395
$0 p.a.
80%
A competitive fixed interest rate product with no ongoing bank fees.
3.09%
3.09%
$0
$0 p.a.
80%
This low variable rate loan comes with a free redraw account and no ongoing fees, as well as flexible repayments.
2.84%
2.97%
$600
$10 monthly ($120 p.a.)
70%
A very low variable interest rate for home buyers with a 30% deposit. This product has a 100% offset account.
2.84%
3.37%
$449
$6 monthly ($72 p.a.)
90%
NSW and ACT customers only. 3 years fixed interest terms and free access to redraw facility online.
2.74%
3.38%
$395
$0 p.a.
80%
Fix your mortgage for 1 year with a very competitive rate and no ongoing fees.
3.18%
3.32%
$0
$10 monthly ($120 p.a.)
80%
This flexible, competitive variable rate mortgage comes with a redraw facility. Eligible borrowers can earn Velocity Frequent Flyer Points, plus extra bonus points for a limited time.
3.31%
3.32%
$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.
3.08%
3.42%
$0
$299 p.a.
80%
Get a 100% offset account and a competitive, variable interest rate, plus no application fee.
2.89%
3.29%
$0
$10 monthly ($120 p.a.)
80%
A competitive fixed rate mortgage available with a 10% deposit. Earn Velocity Frequent Flyer Points at settlement, monthly and every three years, plus extra bonus points for a limited time.
2.84%
3.42%
$449
$6 monthly ($72 p.a.)
90%
NSW and ACT customers only. 2 years fixed interest terms and free access to redraw facility online.
3.15%
3.56%
$0
$395 p.a.
80%
A low rate variable mortgage for home buyers. Comes with a 100% offset account and has no application fee.
3.20%
3.25%
$600
$0 p.a.
90%
Competitive variable rate mortgage with a partial offset account. Get this loan with a 10% deposit.
3.24%
4.14%
$600
$395 p.a.
95%
A package loan that offers discounts and a 100% offset account.
2.94%
2.97%
$600
$10 monthly ($120 p.a.)
80%
A competitive variable rate for home buyers with a 20% deposit. This product has a 100% offset account.
3.19%
3.23%
$595
$0 p.a.
90%
A discounted variable rate with low ongoing fees and redraw facility. Low deposit option available.
3.54%
4.44%
$600
$395 p.a.
95%
A package loan that offers discounts and a 100% offset account.
3.24%
3.24%
$0
$0 p.a.
95%
$2,000 cashback for eligible refinancers. This flexible, basic home loan offers a very low rate and you only need a 5% deposit.
3.19%
3.59%
$0
$395 p.a.
90%
New borrowers or refinancers can get a discounted rate with this package loan.
2.88%
4.11%
$0
$375 p.a.
95%
$2,000 cashback for eligible refinancers. Get a very low fixed interest rate for two years plus package discounts. Available with a 5% deposit.
3.65%
3.66%
$500 (if over 80% LVR)
$0 p.a.
80%
A variable investment mortgage with flexible repayments and an optional redraw facility.
2.99%
4.13%
$0
$395 p.a.
90%
Enjoy a competitive rate with no application fee for this package loan.
2.89%
3.84%
$395
$0 p.a.
80%
Investors can enjoy flexible repayments and an easy application process with this pioneering online lender.
2.99%
4.26%
$595
$0 p.a.
95%
Borrow up to 95% LVR of the value of the property you're buying and pay no ongoing fees.
3.74%
3.76%
$0
$10 monthly ($120 p.a.)
80%
A variable rate home loan with no application fees and the opportunity to earn Velocity points.
3.59%
3.37%
$375
$15 monthly ($180 p.a.)
80%
Home buyers with a 20% deposit can get this low interest-only rate. It also comes with a 100% offset account.
3.84%
4.16%
$0
$299 p.a.
80%
Get a 100% offset account, access to a redraw facility and a competitive rate tied to your LVR.

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