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New home loan rate changes for March 2017 [updated]

Jodie Humphries 24 March 2017 NEWS

March rate changes

Seven months of no change from the RBA hasn't stopped lenders from making changes to interest rates.

UPDATE 30 March 2017: ING Direct and Victoria Teachers Mutual Bank.

As predicted, the RBA made the decision to keep the cash rate on hold for another month. Lenders, however, have started changing rates. After already making out-of-cycle moves earlier this year as well as in November and December last year, there is no longer any expectation that lenders will wait to change interest rates in line with the RBA.

Big four bank changes

LenderChangeLoans affectedDate effective
ANZUp 0.25%Variable Rate Home Loans (investor, principal and interest)31 Mar
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
NABUp 0.07% - 0.25%Variable Rate Home Loans (owner occupier + investor)24 Mar
NABUp 0.19% - 0.80%Interest Only in Advance Fixed Rate - Tailored 2, 3 and 4 Years Fixed, Interest Only in Advance Fixed Rate - 2, 3 and 4 Years with Choice Package24 Mar
NABDown 0.05% - 0.25%Interest Only in Advance Fixed Rate - Tailored 1 and 5 Years Fixed, Interest Only in Advance Fixed Rate - 1 and 5 Years with Choice Package24 Mar
WestpacUp 0.03% - 0.28%Variable Rate Home Loans (owner occupier + investor and principal & interest + interest only)24 Mar
WestpacUp 0.78% - 1.00%SMSF Investment Property Loan - 1, 2, 3, 4, 5, 6, 7, 9 and 10 Years Fixed24 Mar
WestpacDown 0.40% - 0.47%Advantage Package Fixed Rate Home Loan - 1 Year Fixed (owner occupier + investor) Advantage Package Low Doc Loan - 1 Year Fixed (owner occupier + investor) Fixed rate products have also been split between interest only repayments and principal and interest.24 Mar

All other rate changes

LenderChangeLoans affectedDate effective
AMPUp 0.07% - 0.28%Variable Rate Home Loans (owner occupier + investor, principal and interest + interest only)31 Mar(3 Apr for existing customers)
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 0.15%

Complete Home Loan Package - Variable (investor), Premium Select Home Loan - Variable (investor) Equaliser Home Loan - Variable (investor)

15 Mar
Beyond BankUp 0.10%

Low Rate Special Home Loan - Variable (owner occupier)

7 Mar
Bendigo BankUp 0.25%

Variable Rate Home Loans (investor)

31 Mar
CUAUp 0.10% - 0.27%

Start Home Loan - Variable (owner occupier + investor), Start Basic Home Loan - Variable (owner occupier + investor), Fresh Start Access - Variable (owner occupier + investor)

30 Mar
Delphi BankUp 0.25%

Residential Investment

31 Mar
Heritage BankUp 0.10% - 0.11%

Advantage Package Home Loan - Variable (owner occupier)

14 Mar
HomeloansUp 0.05% - 0.25%

Optima Line of Credit (owner occupier), Optima Offset Home Loan - Variable (owner occupier + investor)

23 Mar
Illawarra Credit UnionUp 0.05% - 0.15%Variable Lite & Variable Home Loans (owner occupier)1 Mar
IMBUp 0.05%Accelerator Home Loan - Variable (owner occupier)13 Mar
ING DirectUp 0.25%Orange Advantage Home Loan (investor), Mortgage Simplifier Home Loan (investor)4 Apr
Macquarie BankUp to 0.05%

Basic Home Loan - Variable LVR <=80%, LVR <=90% (owner occupier + investor), Offset Package Home Loan - Variable LVR <=80%, LVR <=90% (owner occupier + investor)

6 Mar
Macquarie BankDown 0.05 - 0.10%

Basic Home Loan - Variable LVR <=90% (owner occupier), Offset Package Home Loan - Variable LVR <=90% (owner occupier)

6 Mar
Macquarie BankUp 0.25%

Basic Home Loan - Variable (owner occupier + investor), Offset Package Home Loan - Variable (owner occupier + investor)

23 Mar
MEUp 0.14-0.15%

Flexible Home Loan With Member Package (owner occupier + investor)

31 Mar
MOVEUp 0.30%Wealth Builder - Variable (investor), Flexi Home Credit - Variable1 Mar
People's Choice Credit UnionUp 0.19%Basic Home Loan - Variable (owner occupier)15 Mar
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
Victoria Teachers Mutual Bank

Up 0.07% - 0.10%

Standard Home Loan - Variable (owner occupier + investor), Complete Home Loan - Variable (owner occupier + investor), Education Package - Variable (owner occupier + investor), Complete Home Loan - First Home Buyer Variable (owner occupier + investor), Education Package - First Home Buyer (owner occupier + investor)

21 Mar
Western CityUp 0.05% - 0.15%Variable Lite & Variable Home Loans (owner occupier)1 Mar
LenderChangeLoans affectedDate effective
BankwestUp 0.15%Complete Home Loan Package - 2, 3, 4, 5 Years Fixed (investor), Fixed Rate Home Loan - 2, 3, 4, 5 Years Fixed (investor)15 Mar
Beyond BankUp 0.05% - 0.10%Fixed Rate Home Loan - 1, 2, 3, 4, 5 Years Fixed (owner occupier), Total Home Loan Package - 1, 2, 3, 4, 5 Years Fixed (owner occupier)7 Mar
Catalyst MoneyUp 0.20%Fixed Lite Home Loan - 3 Years Fixed (owner occupier), Fixed Home Loan - 3 Years Fixed (owner occupier)3 Apr
CUAUp 0.15% - 0.31%Fixed Rate Home Loan - 1, 2, 3, 4, 5 Years Fixed (investor), Premium Fixed Home Loan - 1, 2, 3, 4, 5 Years Fixed (investor)21 Mar
Greater BankUp 0.05% - 0.010%Ultimate Home Loan - 2, 3, 4, 5 Years Fixed (owner occupier + investor), Ultimate Discounted Home Loan - 2, 3, 4, 5 Years Fixed (owner occupier + investor)27 Mar
Greater Bank Down 0.05%Great Rate Home Loan - 2, 3, Years Fixed (owner occupier), Great Rate Discounted Home Loan - 2, 3, Years Fixed (owner occupier)27 Mar
Heritage BankUp 0.10%Fixed Rate Home Loan - 1,2,3 (owner occupier + investor), Advantage Package Fixed Rate Home Loan - 1,2,3 (owner occupier + investor)9 Mar
HomeloansUp 0.25%Optima Home Loan - 1, 2, 3, 4, 5 Years Fixed (owner occupier + investor)23 Mar
Illawarra Credit UnionUp 0.20%Fixed Lite Home Loan - 3 Years Fixed (owner occupier), Fixed Home Loan - 3 Years Fixed (owner occupier)3 Apr
IMB

Up 0.10%

Platinum Package - 2 & 3 Years Fixed rate (owner occupier + investor), Fixed Rate Home Loan - 2 & 3 Years Fixed Rate (owner occupier + investor)

6 Mar
ING DIRECT

Up 0.10%

Fixed Rate Home Loan - 3, 4, 5 Years (Investor)

4 Apr
Macquarie Bank

Up 0.25%

Basic Home Loan - 2, 3, 5 Years Fixed (owner occupier + investor), Offset Home Loan Package - 2, 3, 5 Years Fixed (owner occupier + investor)

23 Mar
MOVE

Down 0.06%

Lockit Home Loan - 1 Year Fixed rate

1 Mar
Newcastle Permanent

Up 0.10%

Fixed Rate Home Loan - 1, 2, 3, 4, 5, 6, 7, 10 Years Fixed (both), Fixed Rate Special Offer - 1, 2, 3, 4, 5, 6, 7, 10 Years Fixed (owner occupier)

27 Mar
People's Choice Credit Union

Up 0.05%

Home Loan Package - 3 Years Fixed (owner occupier)

15 Mar
Teachers Mutual Bank

Up 0.07%

Fixed Rate Home Loan - 1, 2, 3, 4 and 5 Years Fixed (owner occupier + investor)

24 Mar
Victoria Teachers Mutual Bank

Up 0.05% - 0.20%

Standard Home Loan - 1, 2, 3, 4 and 5 Years Fixed Rate (owner occupier + investor), Complete Home Loan - 1, 2, 3, 4 and 5 Years Fixed Rate (owner occupier + investor), Education Package - 1, 2, 3, 4 and 5 Years Fixed Rate (owner occupier + investor)

21 Mar
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 2018 to make sure you're getting the best rate

Rates last updated June 23rd, 2018
$
Loan purpose
Offset account
Loan 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
3.69%
3.69%
$0
$0 p.a.
80%
Get $1,000 cash into a USaver account when you apply for a loan of $200,000 or more (new or refinance). Terms and conditions apply. Enjoy flexible repayments, a redraw facility and the ability to split your loan. Plus, pay no application or ongoing fees.
3.64%
3.66%
$0
$0 p.a.
80%
Pay no ongoing fees and enjoy a flexible repayment schedule, including the ability to make unlimited additional repayments without penalty.
3.69%
3.69%
$0
$0 p.a.
70%
Pay no application or ongoing fees and get a flexible loan with the ability to split up to 6 times.
3.69%
4.11%
$0
$395 p.a.
80%
Save on interest with a 100% offset account and save on other ME products with this package loan.
3.49%
4.49%
$0
$395 p.a.
90%
Loans over $150k get a discount off an already low fixed rate. Available for NSW, Qld and ACT residents only.
3.52%
3.53%
$0
$0 p.a.
80%
Go from application to approval in as little as 20 minutes with a variable rate loan from this innovative online lender. Add a 100% offset account for $10 a month.
3.89%
4.88%
$0
$395 p.a.
95%
Low deposit package loan with a range of discounts. Earn up to 500,000 Velocity Points to spend on flights, hotels and more.
3.69%
3.70%
$0
$0 p.a.
90%
Package your loan and get an interest rate discount, a 100% offset account and help from an HSBC relationship manager.
3.64%
3.67%
$0
$0 p.a.
80%
This loan offers a competitive variable rate and a 100% offset account to help save you on interest repayments.
3.73%
3.76%
$0
$0 p.a.
80%
This basic loan offers discounts for higher borrowing amounts and carries no ongoing fees.
3.64%
3.67%
$0
$0 p.a.
80%
A mortgage with a competitive variable rate, limited fees and plenty of flexibility.
3.79%
3.79%
$0
$0 p.a.
80%
Pay no application and ongoing fees with Macquarie Bank Basic Home Loan.
3.72%
3.74%
$0
$0 p.a.
80%
Save on interest by taking advantage of a 100% offset account along with no ongoing fees or application fees.
3.84%
3.87%
$0
$0 p.a.
90%
Save on interest with a free 100% offset account and buy your property with just a 10% deposit.
3.49%
3.52%
$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.
3.54%
3.58%
$0
$0 p.a.
80%
Eligible borrowers can get $900 cashback on this loan with a 100% offset account and a redraw facility.
3.99%
4.85%
$0
$395 p.a.
95%
Competitive fixed rate package loan. For a limited time you can earn Velocity Points to spend on hotels and flights.
3.65%
3.66%
$0
$0 p.a.
80%
This special rate mortgage has no ongoing fees and offers flexible repayments. Save $595 in establishment fees before 30 June.
3.68%
3.83%
$0
$10 monthly ($120 p.a.)
80%
Get a 100% offset account to save on interest charges, and pay no application fee.
3.68%
4.00%
$0
$299 p.a.
80%
Get a 100% offset account and rate discounts for higher borrowing amounts.
3.64%
3.69%
$600
$0 p.a.
80%
A competitive variable rate for borrowers with a 20% deposit or more. Guarantor option available.
3.69%
3.74%
$600
$0 p.a.
80%
A low rate variable home loan offer with no monthly fees or application fee charge.
3.62%
3.62%
$0
$0 p.a.
95%
A low deposit mortgage with a competitive rate and plenty of flexibility. QLD residents only.
3.62%
3.62%
$0
$0 p.a.
80%
Pay no application or ongoing fees and get access to a redraw facility and flexible repayment schedule. Get $1,000 cash into a USaver account when you apply for a loan of $200,000 or more. Terms and conditions apply.
3.64%
3.84%
$0
$0 p.a.
70%
Enjoy all the benefits of the Basic Home Loan and take advantage of an offset account.
3.96%
3.98%
$0
$0 p.a.
90%
For a limited time, pay no application or settlement fees. You can also take advantage of a free redraw facility.
3.68%
4.00%
$0
$299 p.a.
80%
Get a 100% offset account and rate discounts for higher borrowing amounts.
3.74%
3.74%
$0
$0 p.a.
110%
Pay no deposit or LMI and get a discounted rate with this family pledge loan. Requires a family member to act as guarantor. NSW, Qld and ACT only.
3.73%
3.76%
$0
$0 p.a.
80%
This basic loan offers discounts for higher borrowing amounts and carries no ongoing fees.
3.70%
4.13%
$0
$395 p.a.
90%
Package your loan with an eligible credit card for discounts on rates and fees, and get a 100% offset account.
3.64%
4.03%
$0
$349 p.a.
90%
Package your loan with other AMP products and save on rates and fees.
3.77%
3.81%
$200
$0 p.a.
95%
A simplified mortgage with a low interest rate and a redraw facility.
3.97%
3.99%
$0
$0 p.a.
80%
Package your owner occupied loan with investment loan and receive a discounted investment rate. 100% offset account included.
3.64%
3.96%
$0
$299 p.a.
80%
Get a fully-featured loan with a 100% offset account and discounts for higher borrowing amounts.
3.68%
3.69%
$0
$0 p.a.
95%
This variable rate loan offers flexible repayments and a redraw facility. Available with a 5% deposit.
3.69%
3.94%
$0
$248 p.a.
70%
Get a sharp rate and a 100% offset account. Borrowers must have a 30% deposit.
3.59%
3.99%
$600
$395 p.a.
95%
Get interest rate discounts and waived fees on this package loan with a 100% offset account.
3.68%
3.69%
$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.
3.87%
3.87%
$0
$10 monthly ($120 p.a.)
90%
Get Virgin Velocity Points at settlement, monthly and every three years, plus the option to make up to $10,000 a year in extra repayments.
4.09%
4.11%
$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.
3.69%
4.04%
$0
$350 p.a.
95%
A competitive rate with no application fee.
3.83%
4.49%
$0
$299 p.a.
95%
Owner-occupiers can enjoy a discounted fixed rate, a rate lock feature and the ability to make additional repayments.
3.99%
3.74%
$0
$0 p.a.
90%
2 years fixed interest terms with no application fee or ongoing fees, loans.com.au has won a range of awards for their home loans.
3.79%
3.79%
$0
$0 p.a.
80%
Get a 100% offset account and pay no application or ongoing fees on this special variable rate for owner-occupiers.
3.89%
3.92%
$0
$0 p.a.
80%
A low-fee line of credit loan from an online lender. Unlock the equity in your home and make interest-only repayments with a competitive rate.
3.79%
3.83%
$600
$0 p.a.
80%
A low interest rate loan with limited fees and a redraw facility. Principal and interest repayments only.
4.09%
4.12%
$0
$0 p.a.
90%
Access a fee-free offset account and a special interest rate for investors.
3.78%
3.78%
$0
$0 p.a.
80%
Pay no application or ongoing fees and get access to a free redraw facility with this innovative online lender.
3.89%
3.89%
$0
$0 p.a.
70%
Investors with a 30% deposit can get this low rate loan to fund their property portfolio.
3.99%
5.17%
$600
$0 p.a.
90%
Competitive rates for fixed for 3 years with redraw facility.
3.90%
4.78%
$600
$0 p.a.
95%
A competitive fixed rate mortgage with split facilities and extra repayments. You can get this loan with a 5% deposit.
3.74%
3.74%
$0
$0 p.a.
90%
New customers can get a discounted variable rate and a fee-free redraw facility. NSW, QLD and ACT residents only.
4.09%
4.12%
$0
$0 p.a.
95%
Buy a home with just a 5% deposit and get flexible repayment options and a redraw facility.
3.59%
4.14%
$395
$0 p.a.
80%
A one year fixed rate offer with no ongoing bank fees.
4.14%
4.14%
$0
$0 p.a.
80%
Investors get a 100% offset account and pay no application or ongoing fees on this loan from an innovative online lender.
3.99%
4.62%
$395
$0 p.a.
80%
Investors can enjoy flexible repayments and an easy application process with this pioneering online lender.
3.99%
4.86%
$0
$0 p.a.
80%
Access a fee-free 100% offset account and pay no application or ongoing fees.
3.74%
4.01%
$395
$0 p.a.
80%
A competitive 3 year fixed rate with no ongoing bank fees.
3.64%
3.64%
$0
$0 p.a.
70%
Get a discount for keeping your LVR at 70% or below with this innovative online lender.
3.85%
4.05%
$0
$350 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.
3.99%
3.99%
$0
$0 p.a.
80%
Get a discounted, low-fee investor loan from a convenient online lender. 20% deposit required. Get $1,000 cash into a USaver account when you apply for a loan of $200,000 or more (new or refinance). Terms and conditions apply.
3.69%
4.47%
$0
$395 p.a.
90%
A fixed rate loan with a 100% offset account and the option to make additional repayments. Loans over $150k receive a discounted rate. NSW, QLD and ACT residents only.
3.85%
4.82%
$600
$35 monthly ($420 p.a.)
90%
Make up to $10,000 in extra repayments per year and take advantage of a flexible repayment schedule.
3.69%
3.70%
$0
$0 p.a.
70%
Keep your LVR at 70% or below and enjoy a special discounted rate. Also, pay no application or ongoing fees.
3.99%
4.03%
$0
$0 p.a.
95%
Buy a home with just a 5% deposit and pay no application or ongoing fees.
3.89%
4.96%
$0
$395 p.a.
95%
Switch to this loan and can get $1,500 cashback. Conditions apply. Package your home loan with a Qantas rewards earning Amplify credit card.
3.89%
4.97%
$0
$395 p.a.
95%
Get discounts on a range of Commonwealth Bank products and enjoy the option of fee-free extra repayments during the fixed term.
3.64%
3.65%
$500
$0 p.a.
95%
Family pledge option available. Get a special discount off Bank of Melbourne's basic variable rate.

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