New home loan rate changes for March 2017 [updated]

Posted: 24 March 2017 3:00 pm 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

Lender Change Loans affected Date effective
ANZ Up 0.25% Variable Rate Home Loans (investor, principal and interest) 31 Mar
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
NAB Up 0.07% - 0.25% Variable Rate Home Loans (owner occupier + investor) 24 Mar
NAB Up 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 Package 24 Mar
NAB Down 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 Package 24 Mar
Westpac Up 0.03% - 0.28% Variable Rate Home Loans (owner occupier + investor and principal & interest + interest only) 24 Mar
Westpac Up 0.78% - 1.00% SMSF Investment Property Loan - 1, 2, 3, 4, 5, 6, 7, 9 and 10 Years Fixed 24 Mar
Westpac Down 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
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 October 2019 to make sure you're getting the best rate

Rates last updated October 21st, 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
2.84%
2.80%
$0
$0 p.a.
80%
Owner occupiers looking to refinance can get one of the lowest rates in the market with this variable rate mortgage. $0 application fee and $0 ongoing fees. Refinancers only.
3.02%
3.04%
$0
$0 p.a.
90%
Get a low interest rate loan with no ongoing fees. Plus you can make extra repayments and free redraw online. Available with just a 10% deposit.
2.99%
3.45%
$0
$10 monthly ($120 p.a.)
90%
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.
2.84%
2.84%
$0
$0 p.a.
80%
This rate will drop to 2.84% p.a on 29 October 2019 for new and existing customers. 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.
2.99%
3.73%
$0
$375 p.a.
90%
Get a very competitive 3 year fixed rate with low fees and only a 10% deposit. Refinance to this loan and receive a $2,000 cashback when borrowing $250,000 or more.
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.
3.24%
3.20%
$0
$0 p.a.
80%
Athena offers one of the lowest rates in the market for investors looking to refinance their mortgage. No ongoing fees and no application fee. Principal and interest repayments. Refinancers only.
3.12%
3.32%
$599
$10 monthly ($120 p.a.)
80%
This is a competitive, flexible variable rate suitable for borrowers with a good credit history. Borrow up to 80%.
2.99%
3.42%
$0
$10 monthly ($120 p.a.)
90%
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.
3.14%
3.99%
$0
$0 p.a.
95%
Get a competitive 2-year variable introductory rate from BankVic and pay no application fee for a limited time. This loan is only available for eligible Victoria police, emergency services and health employees.
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.
3.32%
3.36%
$595
$0 p.a.
90%
A discounted variable rate with low ongoing fees and redraw facility. Low deposit option available.
3.39%
4.29%
$600
$395 p.a.
95%
A package loan that offers discounts and a 100% offset account.
3.15%
3.19%
$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.
3.69%
4.58%
$600
$395 p.a.
95%
A package loan that offers discounts and a 100% offset account.
2.74%
3.61%
$395
$0 p.a.
80%
Fix your mortgage for 1 year with a very competitive rate and no ongoing fees.
3.15%
4.16%
$600
$0 p.a.
95%
Lock in a competitive interest rate for 1 year and pay no ongoing fees. Available with just a 5% deposit and includes a 100% offset account.
3.15%
4.07%
$600
$0 p.a.
95%
Fix your rate for the first two years with this competitive, low-fee loan. Includes a 100% offset account. Get this loan with a 5% deposit.
3.15%
3.99%
$600
$0 p.a.
95%
Fix a competitive rate for 3 years, get a 100% offset account and pay no ongoing fees. Available with a 5% deposit.
3.32%
3.71%
$0
$395 p.a.
90%
New borrowers or refinancers can get a discounted rate with this package loan.
2.69%
3.37%
$395
$0 p.a.
80%
A competitive fixed interest rate product with no ongoing bank fees.
3.34%
2.99%
$0
$0 p.a.
80%
Owner occupiers can refinance to one of the most competitive interest-only rates in the market. No application fee and no ongoing fees. Refinancers only.
2.99%
4.24%
$0
$395 p.a.
90%
Enjoy a competitive rate with no application fee for this package loan.
2.89%
4.07%
$395
$0 p.a.
80%
Investors can enjoy flexible repayments and an easy application process with this pioneering online lender.
3.09%
4.39%
$595
$0 p.a.
95%
Borrow up to 95% LVR of the value of the property you're buying and pay no ongoing fees.
3.69%
3.45%
$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.

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