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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

LenderChangeLoans affectedDate effective
ANZUp 0.36% - 0.40%Variable Rate Home Loans (owner occupier + investor, interest only)22 Apr(late July for existing)
CBAUp 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 July 2020 to make sure you're getting the best rate

Data indicated here is updated regularly
$
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
Suncorp Back to Basics Home Loan - Better Together Special Offer $150k+ LVR<=90% Incl. LMI (Owner Occupier, P&I)
2.78%
2.79%
$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. Eligible refinancers can receive a cashback of $2,000 or more.
UBank UHomeLoan Variable Rate - Discount offer for Owner Occupiers, P&I Borrowing over $200,000
2.59%
2.59%
$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.
loans.com.au Smart Home Loan - (Owner Occupier, P&I)
2.57%
2.59%
$0
$0 p.a.
80%
Get a low variable interest rate and pay 0 application or ongoing fees with this convenient online lender.
HSBC Home Value Loan - Promotional Offer (Owner Occupier P&I)
2.65%
2.66%
$0
$0 p.a.
80%
Get a low interest rate loan with no ongoing fees. Plus you can make extra repayments and free redraw online.
Commonwealth Bank Wealth Package Fixed Home Loan - 2 Year Fixed Rate With Wealth Package (Owner Occupier, P&I, $150k+)
2.29%
3.99%
$0
$395 p.a.
95%
A competitive fixed rate package loan for home buyers. $2,000 cashback offer for eligible refinancers.
St.George Basic Home Loan - LVR 60% to 80% (Owner Occupier, P&I)
2.64%
2.66%
$500 (waived for loans above $150,000)
$0 p.a.
80%
Refinancers borrowing $250,000 or more can get a $2,000 cashback per property (Other terms, conditions and exclusions apply). A low variable interest rate for home buyers and refinancers. Application fee waived for loans above $150,000.
ME Flexible Home Loan Fixed with Members Package - 2 Year Fixed Rate LVR <= 80% (Owner Occupier, P&I)
2.49%
3.41%
$0
$395 p.a.
80%
Lock in a competitive rate for owner occupiers for two years. Comes with a 100% offset account.
Virgin Money Reward Me Fixed Rate Home Loan - 2 Year $300k+ Special offer (Owner Occupier, P&I)
2.29%
2.91%
$300
$10 monthly ($120 p.a.)
80%
Buy your home and lock in a low rate for the first two years. Get a $2,500 cashback when you switch to Virgin Money with a loan amount of $300,000 or more with an LVR up to 80%. You must apply by 28 August and settle by 30 October 2020.
loans.com.au Essentials - Variable (Owner Occupier, P&I)
2.79%
2.81%
$0
$0 p.a.
90%
A simple mortgage with a competitive interest rate and no application or monthly fees. Borrow up to $1000000 from a convenient online lender.
Bankwest Complete Home Loan Package Variable - $200k to <$750k LVR <=80% (Owner Occupier, P&I)
2.73%
3.18%
$0
$395 p.a.
80%
A low variable rate loan with a 100% offset account and package discounts.
Well Home Loans Balanced Fixed Home Loan - 2 Year (Owner occupier, P&I)
2.22%
2.46%
$250
$0 p.a.
90%
A low fixed mortgage with an optional 100% offset account. Not available for construction purposes.
Virgin Money Reward Me Variable Home Loan - LVR <= 60% ($750k+ Owner Occupier, P&I)
2.60%
2.77%
$300
$10 monthly ($120 p.a.)
60%
A competitive variable rate loan for home buyers with large deposits. Get a $2,500 cashback when you switch to Virgin Money with a loan amount of $300,000 or more with an LVR up to 80%. You must apply by 28 August and settle by 30 October 2020.
Well Home Loans Balanced Fixed Home Loan - 3 Year (Owner Occupier, P&I)
2.27%
2.45%
$250
$0 p.a.
90%
A low 3 year fixed rate for home buyers. Add a 100% offset account with a $10 monthly fee. Not available for construction purposes.
Bank of Melbourne Basic Home Loan - Special Offer (Owner Occupiers, P&I) LVR above 60% up to 80%
2.64%
2.66%
$500 (waived for loans above $150,000)
$0 p.a.
80%
Refinancers borrowing $250,000 or more can get a $2,000 cashback per property (Other terms, conditions and exclusions apply). A low variable interest rate for home buyers and refinancers. Application fee waived for loans above $150,000.
Bluestone Prime Direct (Owner Occupier, P&I)
2.59%
2.86%
$590
$15 monthly ($180 p.a.)
70%
Bluestone's Prime Direct is a competitive variable rate home loan for borrowers with 30% deposits.
Hunter United No Regrets Home Loan - Owner Occupier
2.79%
2.79%
$0
$0 p.a.
90%
Home buyers can get a competitive variable rate loan with a 100% offset account and low fees.
HSBC Home Value Loan - Promotional Offer LVR 90% (Owner Occupier, P&I)
2.80%
2.81%
$0
$0 p.a.
90%
A competitive value home loan with no ongoing fee.
ME Flexible Home Loan Fixed with Members Package - 3 Year Fixed Rate LVR <= 80% (Owner Occupier, P&I)
2.59%
3.39%
$0
$395 p.a.
80%
Get a low 3 year fixed rate with a 100% offset account and package discounts.
BankSA Basic Home Loan - Promotional Rate (Owner Occupier, P&I)
2.64%
2.66%
$500 (waived for loans above $150,000)
$0 p.a.
80%
Refinancers borrowing $200,000 or more can get a $2,000 cashback per property (Other terms, conditions and exclusions apply). Buyers and refinancers can get this competitive variable interest rate. A low variable interest rate for home buyers and refinancers. Application fee waived for loans above $150,000.
Well Home Loans Balanced Variable - LVR 80% (Owner occupier, P&I)
2.47%
2.50%
$250
$0 p.a.
80%
A very low interest rate for home buyers with 20% deposits saved. Add an offset account for a small fee. Not available for construction purposes.
Hume Bank Fixed Home Loan - 2 Year <70% LVR (Owner Occupier, P&I)
2.29%
4.06%
$600
$0 p.a.
70%
A competitive fixed rate loan for home buyers with a 30% deposit saved.
IMB Budget Home Loan - Special LVR <=90% (Owner Occupier, P&I, NSW and ACT borrowers only)
2.78%
2.84%
$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.
ME Flexible Home Loan Fixed - 2 Year Fixed Rate LVR <= 80% (Owner Occupier, P&I)
2.64%
4.03%
$0
$0 p.a.
80%
Get a low fixed rate and pay no application or ongoing fees.
UBank UHomeLoan - 1 Year Fixed Rate (Owner Occupier, P&I)
2.14%
2.69%
$395
$0 p.a.
80%
Fix your mortgage for 1 year with a very competitive rate and no ongoing fees.
Suncorp Home Package Plus Fixed - 2 Year Fixed Rate Special Offer $150k+ LVR ≤90% (Owner Occupier, P&I)
2.29%
3.32%
$0
$375 p.a.
90%
Eligible refinancers can receive a cashback of $2,000 or more.
UBank UHomeLoan - 3 Year Fixed Rate (Owner Occupier, P&I)
2.14%
2.59%
$395
$0 p.a.
80%
A competitive fixed interest rate loan with no ongoing fees. Requires a 20% deposit.
IMB Fixed Rate Home Loan - 2 Year Fixed (LVR 90% Owner Occupier, P&I, NSW and ACT borrowers only)
2.39%
3.14%
$449
$6 monthly ($72 p.a.)
90%
NSW and ACT customers only. 2 years fixed interest terms and free access to redraw facility online. Available with a 5% deposit.
UBank UHomeLoan - 1 Year Fixed Rate (Investor, P&I)
2.29%
2.93%
$395
$0 p.a.
80%
Investors can enjoy flexible repayments and an easy application process with this pioneering online lender.
IMB Fixed Rate Home Loan - 3 Year Fixed (LVR 90% Owner Occupier, P&I, NSW and ACT borrowers only)
2.39%
3.08%
$449
$6 monthly ($72 p.a.)
90%
NSW and ACT customers only. 3 years fixed interest terms and free access to redraw facility online. Available with a 10% deposit.
ME Flexible Home Loan With Member Package - LVR <=80% $400k up to $699,999 (Owner Occupier, P&I)
2.84%
3.29%
$0
$395 p.a.
80%
Unlock a range of savings with this competitive package home loan offer. Offset account and redraw facility included.
IMB Fixed Rate Home Loan - 3 Years Fixed (LVR ≤90% Investor, P&I, NSW and ACT borrowers only)
2.74%
3.59%
$449
$6 monthly ($72 p.a.)
90%
NSW and ACT customers only. A 3 years fixed rate investor which allows extra repayments to be made.
ME Basic Home Loan - LVR <=80% (Owner Occupier, P&I)
3.17%
3.19%
$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.
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