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

Posted: 6 March 2018 8:56 am News

More lenders are beginning to move on rates in spite of the RBA's inertia.

It was yet another month of inactivity from the Reserve Bank, with the RBA board choosing this month to leave the official cash rate untouched at 1.50%.

But lenders are beginning to stir as the year kicks into full gear. Last month, seven lenders in the finder.com.au database made out-of-cycle rate moves. The biggest rate cut was 0.30%, while the largest rate hike was 0.41%. Moves like this can make a massive difference to your monthly repayments.

More lenders are certain to move in March as competition in the home loan sector remains fierce. You can keep track all of March's out-of-cycle rate changes in the table below. If you see a better deal than your current home loan, it might be time to refinance.

Non-major lenders

LenderChangeLoans affectedDate effective
Bank AustraliaDown 0.09%Basic Home Loan - Special LVR <80% (Owner Occupier)13 Mar
CUAUp by 0.8% 0.15%CUA Fresh Start Basic Variable Home Loan (Owner Occupier), CUA Fresh Start Access Variable Home Loan (Owner Occupier), CUA Kick Start 2 Year Introductory Variable Home Loan (Owner Occupier, P&I)21 Mar
Heritage BankDown 0.20% - 0.40%Advantage Package - Standard Variable LVR <=80%, Advantage Package - Standard Variable LVR <=90%,Advantage Package - Standard Variable LVR <=95% (owner occupier, principal and interest, interest only + investor, principal and interest, interest only)13 Mar
IMBDown 0.20%Essentials Home Loan - LVR <=80 (Investor Only, principal and interest)20 Mar
MoveDown 0.24%Straightforward Home Loan13 Mar
State CustodiansDown 0.10% - 0.35%Low Rate Home Loan with Offset (owner occupier + investor, principal and interest, interest only)1 Mar
SuncorpUp 0.05% - 0.25%Access Equity Line of Credit, Back to Basics Home Loan (owner occupier, principal and interest, interest only + investor, principal and interest, interest only), Bank Standard Variable Rate Home Loan(owner occupier, principal and interest, interest only + investor, principal and interest, interest only), Home Package Plus Access Equity (interest only), Home Package Plus Home Loan (owner occupier, principal and interest, interest only + investor, principal and interest, interest only)28 Mar
LenderChangeLoans affectedDate effective
BankSADown 0.04% - 4.84%Residential Investment Interest Only - 1, 2 Year Fixed, Advantage Package - 1 Year Fixed Rate (owner occupier, interest only), Fixed Rate Home Loan - 1, 2 Year Fixed (owner occupier + investor, interest only), Low Doc Home Loan - 1, 3 Year Fixed, 5 Year Fixed (owner occupier, interest only)7 Mar
BankSAUp by 0.04% - 0.30%Residential Investment Interest Only - 3, 4, 5 Year Fixed, Investment Principal & Interest - 1, 2, 3, 4, 5 Year Fixed, Fixed Rate Advantage Package - 1, 2, 3, 4, 5 Year Fixed (owner occupier + investor, principal and interest, interest only), Portfolio Home Loan - 3, 4, 5 Year Fixed (investor, interest only), Portfolio Home Loan with Advantage Package - 3, 4, 5 Year Fixed (investor, interest only)7 Mar
Bank of MelbourneDown 0.04% - 4.84%Residential Investment Interest Only - 1, 2 Year Fixed, Advantage Package - 1 Year Fixed Rate (owner occupier, interest only), Fixed Rate Home Loan - 1, 2 Year Fixed (owner occupier + investor, interest only), Low Doc Home Loan - 1, 3 Year Fixed, 5 Year Fixed (owner occupier, interest only)7 Mar
Bank of MelbourneUp by 0.04% - 0.30%Residential Investment Interest Only - 3, 4, 5 Year Fixed, Investment Principal & Interest - 1, 2, 3, 4, 5 Year Fixed, Fixed Rate Advantage Package - 1, 2, 3, 4, 5 Year Fixed (owner occupier + investor, principal and interest, interest only), Portfolio Home Loan - 3, 4, 5 Year Fixed (investor, interest only), Portfolio Home Loan with Advantage Package - 3, 4, 5 Year Fixed (investor, interest only)7 Mar
CUAUp 0.08%Fixed Rate Home Loan - 3 Year Fixed (owner occupier + principal and interest), Premium Fixed Rate Home Loan - 3 Year Fixed Rate(owner occupier, principal and interest)1 Mar
Heritage BankDown 0.20% - 0.40%Fixed Rate Home Loan - 1, 2, 3 Year Fixed (investor, principal and interest, interest only), Advantage Package - 1,2,3 Year Fixed(investor, principal and interest, interest only)13 Mar
MoveDown 0.10%Flexi Fixed Home Loan - 3 Years (Owner occupier)13 Mar
Newcastle Permanent Down 0.25%Fixed Rate Home Loan - 1, 2, 3, 4, 5 Years (owner occupier + interest only), Premium Plus Package Fixed Rate - 1, 2, 3, 4, 5 Years (owner occupier + interest only)12 Mar
People's ChoiceDown 0.10% - 0.20%Fixed Loan Package - 1, 2, 3 Years Fixed (investor + principal and interest), Fixed Rate - 1, 2, 3 Years (investor + principal and interest)22 Mar
St. GeorgeDown 0.04% - 4.84%Residential Investment Interest Only - 1, 2 Year Fixed, Advantage Package - 1 Year Fixed Rate (owner occupier, interest only), Fixed Rate Home Loan - 1, 2 Year Fixed (owner occupier + investor, interest only), Low Doc Home Loan - 1, 3 Year Fixed, 5 Year Fixed (owner occupier, interest only)7 Mar
St. GeorgeUp by 0.04% - 0.30%Residential Investment Interest Only - 3, 4, 5 Year Fixed, Investment Principal & Interest - 1, 2, 3, 4, 5 Year Fixed, Fixed Rate Advantage Package - 1, 2, 3, 4, 5 Year Fixed (owner occupier + investor, principal and interest, interest only), Portfolio Home Loan - 3, 4, 5 Year Fixed (investor, interest only), Portfolio Home Loan with Advantage Package - 3, 4, 5 Year Fixed (investor, interest only)7 Mar

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Rates last updated November 22nd, 2019
$
Loan purpose
Offset account
Loan type
Repayment type
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Name Product Interest Rate (p.a.) Comp Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment Short Description
2.99%
3.01%
$500 (waived for loans above $150,000)
$0 p.a.
80%
Online only cashback offer: Refinancers borrowing $250,000 or more can get a $4,000 cashback for their first application (Other terms, conditions and exclusions apply). Buyers and refinancers can get this competitive variable interest rate. Application fee 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.
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.
2.88%
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.
2.89%
3.31%
$0
$10 monthly ($120 p.a.)
80%
Buy your home and lock in a low rate for the first two years. 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.
2.90%
2.92%
$0
$0 p.a.
80%
This loan offers a competitive variable rate and a 100% offset account to help save you on interest repayments.
3.13%
3.19%
$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.
3.05%
3.50%
$0
$395 p.a.
80%
A low variable rate loan with a 100% offset account and package discounts.
2.79%
2.83%
$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.
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.
2.69%
3.19%
$395
$0 p.a.
80%
A competitive fixed interest rate product with no ongoing bank fees.
3.15%
3.17%
$0
$0 p.a.
80%
This investment loan keeps fees low, has a sharp interest rate and comes with 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.
2.79%
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.
2.74%
3.38%
$395
$0 p.a.
80%
Fix your mortgage for 1 year with a very competitive rate and no ongoing fees.
3.24%
4.14%
$600
$395 p.a.
95%
A package loan that offers discounts and a 100% offset account.
2.89%
2.93%
$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.
2.84%
3.22%
$395
$0 p.a.
80%
A competitive 3 year fixed rate with no ongoing bank fees.
3.18%
3.32%
$0
$10 monthly ($120 p.a.)
80%
This flexible, competitive variable rate mortgage comes with a 100% offset account and redraw facility. Eligible borrowers can earn Velocity Frequent Flyer Points, plus extra bonus points for a limited time.
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.
3.09%
3.94%
$600
$0 p.a.
95%
This fixed rate loan offers a 100% offset account and the flexibility to make extra repayments.
2.89%
3.40%
$395
$0 p.a.
80%
A one year fixed rate offer with no ongoing bank fees.
3.54%
4.44%
$600
$395 p.a.
95%
A package loan that offers discounts and a 100% offset account.
3.04%
3.86%
$395
$0 p.a.
80%
Investors can enjoy flexible repayments and an easy application process with this pioneering online lender.
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.

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