Is your lender passing on the RBA’s latest cash rate cut? Savings.com.au keeps you posted on which banks and lenders are cutting home loan interest rates.

After nearly three years of holding the cash rate at 1.50%, the Reserve Bank of Australia (RBA) has cut rates by 0.25% points (25 basis points) from 1.50% to 1.25%.

Keep on top of Savings.com.au’s rolling updates of which lenders are passing on this cut below.

If this month’s rate cut has you thinking it’s time to switch home loans, see how your loan’s interest rate compares with some of the current sharpest home loan rates Savings.com.au has found on offer across the big four banks, the top 10 customer-owned institutions and the larger non-banks:

Advertisement Smart Booster Home Loan Product Features Discount variable for 1 year <=80% LVR

No ongoing fees

Unlimited redraw facility Monthly repayments: $1,476 Advertised

Rate (p.a.) 1.99% Comparison

Rate (p.a.) 2.47% Product Features Discount variable for 1 year

No ongoing fees

Unlimited redraw facility Go to site

Stay up to date with the latest rate changes SIGN UP

Which banks have cut interest rates?

All cuts below refer to lenders’ responses to the RBA’s June rate cut. Check out the October RBA Rate Cut page to see the latest rate cut announcements.

Last updated 1 July 2019:

Note: P&I = Principal and Interest, IO = Interest Only, OO = Owner-occupiers

Please also note that the “lowest advertised variable rates” listed for each lender excludes introductory & honeymoon rates and package rates. All rates are correct at the time of the last update to this page.

Adelaide Bank interest rate cut

AMP Bank interest rate cut

ANZ Bank interest rate cut

Athena interest rate cut

Australian Unity interest rate cut

Auswide Bank interest rate cut

Bank Australia interest rate cut

Bank First interest rate cut

Bank of Melbourne interest rate cut

Bank of Sydney interest rate cut

BankSA interest rate cut

BankVic interest rate cut

Bankwest interest rate cut

BCU interest rate cut

Bendigo Bank interest rate cut

Beyond Bank interest rate cut

BOQ interest rate cut

Citi interest rate cut

Commonwealth Bank interest rate cut

Credit Union SA interest rate cut

CUA interest rate cut

Defence Bank interest rate cut

Delphi Bank interest rate cut

Gateway Bank interest rate cut

G&C Mutual Bank interest rate cut

Greater Bank interest rate cut

Heritage Bank interest rate cut

Homestar Finance interest rate cut

Homestart Finance interest rate cut

Horizon CU interest rate cut

HSBC interest rate cut

Hume Bank interest rate cut

Hunter United interest rate cut

IMB Bank interest rate cut

ING interest rate cut

Liberty interest rate cut

Loans.com.au interest rate cut

Macquarie Bank interest rate cut

ME Bank interest rate cut

Mortgage House interest rate cut

MOVE Bank interest rate cut

MyState interest rate cut

NAB interest rate cut

Newcastle Permanent interest rate cut

People’s Choice CU interest rate cut

Pepper Money interest rate cut

Police Credit Union interest rate cut

P&N Bank interest rate cut

QBank interest rate cut

Qudos Bank interest rate cut

RACQ Bank interest rate cut

RAMS interest rate cut

Reduce Home Loans interest rate cut

Regional Australia Bank interest rate cut

Resimac interest rate cut

SCU interest rate cut

St. George Bank interest rate cut

Suncorp Bank interest rate cut

Teachers Mutual Bank interest rate cut

The Mutual Bank interest rate cut

TicToc interest rate cut

UBank interest rate cut

UniBank interest rate cut

Unity Bank interest rate cut

Virgin Money interest rate cut

Westpac interest rate cut

Adelaide Bank interest rate cut

Rate cut : 15-20 basis points (0.15-0.20% points)

: 15-20 basis points (0.15-0.20% points) Applies to : All new and existing owner occupier and investor principal & interest loan customers (20 points), and interest-only variable term loans (15 points)

: All new and existing owner occupier and investor principal & interest loan customers (20 points), and interest-only variable term loans (15 points) Announcement date : 7 June 2019 (3 days after RBA’s decision)

: 7 June 2019 (3 days after RBA’s decision) Effective date : 28 June 2019 (24 days after RBA’s decision)

: 28 June 2019 (24 days after RBA’s decision) Lowest advertised variable rate: 3.52% (3.56% comparison rate*) for OO P&I borrowers with LVR under 90%

3.52% (3.56% comparison rate*) for OO P&I borrowers with LVR under 90% Other info:

AMP Bank interest rate cut

Rate cut : 25 basis points (0.25% points)

: 25 basis points (0.25% points) Applies to : All variable rate home loans, for new and existing customers

: All variable rate home loans, for new and existing customers Announcement date : 7 June 2019 (3 days after RBA’s decision)

: 7 June 2019 (3 days after RBA’s decision) Effective date : 21 June for new customers (17 days after RBA’s decision), and 24 June for existing customers (20 days after RBA’s decision)

: 21 June for new customers (17 days after RBA’s decision), and 24 June for existing customers (20 days after RBA’s decision) Lowest advertised variable rate : 3.94% (3.97% comparison rate*) for OO P&I borrowers with up to 90% LVR

: 3.94% (3.97% comparison rate*) for OO P&I borrowers with up to 90% LVR Other info:

ANZ Bank interest rate cut

Rate cut : 18 basis points (0.18% points)

: 18 basis points (0.18% points) Applies to: All variable home loan rates for new and existing customers

All variable home loan rates for new and existing customers Announcement date : 4 June 2019 (0 days after the RBA’s decision)

: 4 June 2019 (0 days after the RBA’s decision) Effective date: 14 June 2019 (10 days after the RBA’s decision)

14 June 2019 (10 days after the RBA’s decision) Lowest advertised variable rate: 3.63% (3.67% comparison rate*) for OO P&I customers with up to 80% LVR

3.63% (3.67% comparison rate*) for OO P&I customers with up to 80% LVR Other info:

Athena interest rate cut

Rate cut : 25 basis points (0.25% points)

: 25 basis points (0.25% points) Applies to: New and existing owner-occupier and residential investment customers making P&I or IO repayments

New and existing owner-occupier and residential investment customers making P&I or IO repayments Announcement date : 4 June 2019 (0 days after the RBA’s decision)

: 4 June 2019 (0 days after the RBA’s decision) Effective date: 04 June 2019 (0 days after the RBA’s decision)

04 June 2019 (0 days after the RBA’s decision) Lowest advertised variable rate: 3.34% (3.30% comparison rate*) for OO, P&I refinance customers with up to 80% LVR

3.34% (3.30% comparison rate*) for OO, P&I refinance customers with up to 80% LVR Other info:

Australian Unity interest rate cut

Rate cut : up to 30 basis points (0.30% points)

: up to 30 basis points (0.30% points) Applies to: Existing variable owner occupier and investor home loan customers (25 basis points). Various new OO and investor home loans (10-30 basis points).

Existing variable owner occupier and investor home loan customers (25 basis points). Various new OO and investor home loans (10-30 basis points). Announcement date : 20 June 2019 (16 days after RBA’s decision)

: 20 June 2019 (16 days after RBA’s decision) Effective date: 8 July 2019 – existing customers (34 days after RBA’s decision). 20 June 2019 – new customers (16 days after RBA’s decision)

8 July 2019 – existing customers (34 days after RBA’s decision). 20 June 2019 – new customers (16 days after RBA’s decision) Lowest advertised variable rate: 3.44% (3.47% comparison rate) for OO P&I customers with up to 80% LVR

3.44% (3.47% comparison rate) for OO P&I customers with up to 80% LVR Other info:

Auswide Bank interest rate cut

Rate cut : 15-25 basis points (0.15-0.25% points)

: 15-25 basis points (0.15-0.25% points) Applies to : New and existing variable home loan customers: OO P&I home loans (25 basis points) Investor P&I home loans (25 basis points) OO IO home loans (15 basis points) Investor IO home loans (15 basis points)

: New and existing variable home loan customers: Announcement date : 7 June 2019 (3 days after RBA’s decision)

: 7 June 2019 (3 days after RBA’s decision) Effective date : 4 June 2019 for RBA Rate Tracker Home Loan customers, 2 July 2019 for all other home loans (28 days after RBA’s decision)

: 4 June 2019 for RBA Rate Tracker Home Loan customers, 2 July 2019 for all other home loans (28 days after RBA’s decision) Lowest advertised variable rate : 3.74% (3.76% comparison rate*) for OO P&I borrowers with up to 80% LVR

: 3.74% (3.76% comparison rate*) for OO P&I borrowers with up to 80% LVR Other info: In addition, Auswide Bank will reduce interest rates to business loans by 25 basis points for P&I payments, effective 2 July 2019

Bank Australia interest rate cut

Rate cut : 25 basis points (0.25% points)

: 25 basis points (0.25% points) Applies to: Variable mortgage interest rates for all owner occupier home loan and investment loan customers

Variable mortgage interest rates for all owner occupier home loan and investment loan customers Announcement date : 6 June 2019 (2 days after RBA’s decision)

: 6 June 2019 (2 days after RBA’s decision) Effective date: 24 June 2019 (20 days after RBA’s decision)

24 June 2019 (20 days after RBA’s decision) Lowest advertised variable rate: 3.51% (3.52% comparison rate*) for OO P&I borrowers with LVR under 80%

3.51% (3.52% comparison rate*) for OO P&I borrowers with LVR under 80% Other info:

Bank First interest rate cut

Rate cut : 7-30 basis points (0.07-0.30% points)

: 7-30 basis points (0.07-0.30% points) Applies to: Standard Home Loan (25 points), Premier Package Home Loan (16 points), Complete Home Loan (8 points), First Rate Home Loan (7 points), other variable home loan rates (15 points) and fixed home loan rates (up to 30 points)

Standard Home Loan (25 points), Premier Package Home Loan (16 points), Complete Home Loan (8 points), First Rate Home Loan (7 points), other variable home loan rates (15 points) and fixed home loan rates (up to 30 points) Announcement date : 11 June 2019 (7 days after RBA’s decision)

: 11 June 2019 (7 days after RBA’s decision) Effective date: 21 June 2019 (17 days after RBA’s decision)

21 June 2019 (17 days after RBA’s decision) Lowest advertised variable rate: 3.65% (3.70% comparison rate) for OO P&I customers with up to 80% LVR

3.65% (3.70% comparison rate) for OO P&I customers with up to 80% LVR Other info:

Bank of Melbourne interest rate cut

Rate cut : 20-35 basis points (0.20-0.35% points)

: 20-35 basis points (0.20-0.35% points) Applies to: Variable OO home loan P&I (20 points), variable OO home loan IO (20 points), variable residential investment property loan P&I (20 points), and variable residential investment property loan IO (35 points)

Variable OO home loan P&I (20 points), variable OO home loan IO (20 points), variable residential investment property loan P&I (20 points), and variable residential investment property loan IO (35 points) Announcement date : 05 June 2019 (1 day after RBA’s decision)

: 05 June 2019 (1 day after RBA’s decision) Effective date: 18 June 2019 (14 days after RBA’s decision)

18 June 2019 (14 days after RBA’s decision) Lowest advertised variable rate: 3.54% (3.59% comparison rate) for Basic Promo Variable P&I 60%.

3.54% (3.59% comparison rate) for Basic Promo Variable P&I 60%. Other info:

Bank of Sydney interest rate cut

Rate cut : 20-25 basis points (0.20-0.25% points)

: 20-25 basis points (0.20-0.25% points) Applies to: All standard variable interest rates for all home loans (25 points) and for all investment home loans (20 points)

All standard variable interest rates for all home loans (25 points) and for all investment home loans (20 points) Announcement date : 7 June 2019 (3 days after RBA’s decision)

: 7 June 2019 (3 days after RBA’s decision) Effective date: 25 June 2019 (21 days after RBA’s decision)

25 June 2019 (21 days after RBA’s decision) Lowest advertised variable rate: 3.30% (3.32% comparison rate*) for OO P&I customers with up to 90% LVR

3.30% (3.32% comparison rate*) for OO P&I customers with up to 90% LVR Other info:

BankSA interest rate cut

Rate cut : 20-35 basis points (0.20-0.35% points)

: 20-35 basis points (0.20-0.35% points) Applies to: Variable OO home loan P&I (20 points), variable OO home loan IO (20 points), variable residential investment property loan P&I (20 points), and variable residential investment property loan IO (35 points)

Variable OO home loan P&I (20 points), variable OO home loan IO (20 points), variable residential investment property loan P&I (20 points), and variable residential investment property loan IO (35 points) Announcement date : 05 June 2019 (1 day after RBA’s decision)

: 05 June 2019 (1 day after RBA’s decision) Effective date: 18 June 2019 (14 days after RBA’s decision)

18 June 2019 (14 days after RBA’s decision) Lowest advertised variable rate: 3.59% (3.64% comparison rate) for Basic Promo Variable P&I with 95% LVR or less.

3.59% (3.64% comparison rate) for Basic Promo Variable P&I with 95% LVR or less. Other info:

BankVic interest rate cut

Rate cut : 25 basis points (0.25% points)

: 25 basis points (0.25% points) Applies to: Variable interest home loan rates for both owner-occupied and investor variable loans

Variable interest home loan rates for both owner-occupied and investor variable loans Announcement date : 12 June 2019 (8 days after RBA’s decision)

: 12 June 2019 (8 days after RBA’s decision) Effective date: 13 June 2019 (9 days after RBA’s decision)

13 June 2019 (9 days after RBA’s decision) Lowest advertised variable rate: 3.63% (3.67% comparison rate*) for OO P&I customers. Also offering 2-year introductory rate of 3.54% (4.32% comparison rate*)

3.63% (3.67% comparison rate*) for OO P&I customers. Also offering 2-year introductory rate of 3.54% (4.32% comparison rate*) Other info: Existing borrowers will see their standard repayments reduced from 24 June 2019.

Bankwest interest rate cut

Rate cut : 25 basis points (0.25% points)

: 25 basis points (0.25% points) Applies to: Standard variable rate mortgages

Standard variable rate mortgages Announcement date : 6 June 2019 (2 days after RBA’s decision)

: 6 June 2019 (2 days after RBA’s decision) Effective date: 25 June 2019 (21 days after RBA’s decision)

25 June 2019 (21 days after RBA’s decision) Lowest advertised variable rate: 3.57% (3.58% comparison rate*) for OO P&I borrowers with up to 80% LVR

3.57% (3.58% comparison rate*) for OO P&I borrowers with up to 80% LVR Other info:

BCU interest rate cut

Rate cut : 25 basis points (0.25% points)

: 25 basis points (0.25% points) Applies to : variable OO home loans and variable investment home loans, available for new and existing customers

: variable OO home loans and variable investment home loans, available for new and existing customers Announcement date : 4 June 2019 (0 days after the RBA’s decision)

: 4 June 2019 (0 days after the RBA’s decision) Effective date : 01 July 2019 (27 days after the RBA’s decision)

: 01 July 2019 (27 days after the RBA’s decision) Lowest advertised variable rate: 3.54% (3.58% comparison rate*) for OO P&I borrowers with up to 80% LVR

3.54% (3.58% comparison rate*) for OO P&I borrowers with up to 80% LVR Other info:

Bendigo Bank interest rate cut

Rate cut : 15-20 basis points (0.15-0.20% points)

: 15-20 basis points (0.15-0.20% points) Applies to : All new and existing owner occupier and investor principal & interest loan customers (20 points), and interest-only variable term loans (15 points)

: All new and existing owner occupier and investor principal & interest loan customers (20 points), and interest-only variable term loans (15 points) Announcement date : 7 June 2019 (3 days after RBA’s decision)

: 7 June 2019 (3 days after RBA’s decision) Effective date : 28 June 2019 (24 days after RBA’s decision)

: 28 June 2019 (24 days after RBA’s decision) Lowest advertised variable rate: 3.59% (3.78% comparison rate*) for OO P&I borrowers with up to 95% LVR

3.59% (3.78% comparison rate*) for OO P&I borrowers with up to 95% LVR Other info:

Beyond Bank interest rate cut

Rate cut : 15-25 basis points (0.15-0.25% points)

: 15-25 basis points (0.15-0.25% points) Applies to: New and existing standard variable home loan customers (25 points), and already discounted home loans (15-25 points)

New and existing standard variable home loan customers (25 points), and already discounted home loans (15-25 points) Announcement date : 13 June 2019 (9 days after RBA’s decision)

: 13 June 2019 (9 days after RBA’s decision) Effective date : 25 June 2019 (21 days after RBA’s decision)

: 25 June 2019 (21 days after RBA’s decision) Lowest advertised variable rate: 3.64% (3.64% comparison rate*) for OO P&I customers with up to 80% LVR

3.64% (3.64% comparison rate*) for OO P&I customers with up to 80% LVR Other info:

BOQ interest rate cut

Rate cut : 25 basis points (0.25% points)

: 25 basis points (0.25% points) Applies to : All variable home loan rates with the exception of the Clear Path OO P&I home loan, which will drop by 15 (0.15%) basis points

: All variable home loan rates with the exception of the Clear Path OO P&I home loan, which will drop by 15 (0.15%) basis points Announcement date : 6 June 2019 (2 days after RBA’s decision)

: 6 June 2019 (2 days after RBA’s decision) Effective date : 25 June 2019 (21 days after RBA’s decision)

: 25 June 2019 (21 days after RBA’s decision) Lowest advertised variable rate: 3.74% (3.90% comparison rate*) for OO P&I borrowers with up to 80% LVR. Also offering 2-year introductory rate of 3.54% (4.06% comparison rate*)

3.74% (3.90% comparison rate*) for OO P&I borrowers with up to 80% LVR. Also offering 2-year introductory rate of 3.54% (4.06% comparison rate*) Other info:

Citi interest rate cut

Rate cut : 25 basis points (0.25% points)

: 25 basis points (0.25% points) Applies to : Variable home loan rates

: Variable home loan rates Announcement date : 7 June 2019 (3 days after RBA’s decision)

: 7 June 2019 (3 days after RBA’s decision) Effective date : 25 June 2019 (21 days after RBA’s decision)

: 25 June 2019 (21 days after RBA’s decision) Lowest advertised variable rate: 4.27% (4.63% comparison rate*) for OO P&I borrowers with up to 80% LVR

4.27% (4.63% comparison rate*) for OO P&I borrowers with up to 80% LVR Other info:

ClickLoans interest rate cut

Rate cut : undisclosed

: undisclosed Applies to :

: Announcement date :

: Effective date :

: Lowest advertised variable rate: 3.76% (3.76% comparison rate*) for OO P&I borrowers with LVR under 70%

3.76% (3.76% comparison rate*) for OO P&I borrowers with LVR under 70% Other info:

Commonwealth Bank interest rate cut

Rate cut : 25 basis points (0.25% points)

: 25 basis points (0.25% points) Applies to: All variable home loan rates for new and existing customers

All variable home loan rates for new and existing customers Announcement date : 4 June 2019 (0 days after the RBA’s decision)

: 4 June 2019 (0 days after the RBA’s decision) Effective date: 25 June 2019 (21 days after the RBA’s decision)

25 June 2019 (21 days after the RBA’s decision) Lowest advertised variable rate: 3.54% (3.55% comparison rate*) for OO P&I borrowers with up to 70% LVR

3.54% (3.55% comparison rate*) for OO P&I borrowers with up to 70% LVR Other info:

Credit Union SA interest rate cut

Rate cut : 20 basis points (0.20% points)

: 20 basis points (0.20% points) Applies to: All new and existing variable rate home loans with exception to the Variable Package Special Offer rates

All new and existing variable rate home loans with exception to the Variable Package Special Offer rates Announcement date : 18 June 2019 (14 days after the RBA’s decision)

: 18 June 2019 (14 days after the RBA’s decision) Effective date: 27 June 2019 (23 days after the RBA’s decision)

27 June 2019 (23 days after the RBA’s decision) Lowest advertised variable rate: 3.79% (3.81% comparison rate*) for OO P&I borrowers with up to 80% LVR

3.79% (3.81% comparison rate*) for OO P&I borrowers with up to 80% LVR Other info: No existing rates for home loans will be reduced below the new Variable Package Special Offer rates. Credit Union SA has further reduced its Owner Occupied Variable Home Loan Package and Investment Variable Home Loan Package, effective Monday 17 June 2019.

CUA interest rate cut

Rate cut : 10-25 basis points (0.10-0.25% points)

: 10-25 basis points (0.10-0.25% points) Applies to: Most CUA home loan products including the Standard Variable, Discount Variable and Fresh Start home loans (25 points), and the Accelerate and Balance variable home loan products (between 10 to 15 points).

Most CUA home loan products including the Standard Variable, Discount Variable and Fresh Start home loans (25 points), and the Accelerate and Balance variable home loan products (between 10 to 15 points). Announcement date : 6 June 2019 (2 days after the RBA’s decision)

: 6 June 2019 (2 days after the RBA’s decision) Effective date: 18 June 2019 (14 days after the RBA’s decision)

18 June 2019 (14 days after the RBA’s decision) Lowest advertised variable rate: 3.50% (3.55% comparison rate*) for OO P&I borrowers with up to 90% LVR

3.50% (3.55% comparison rate*) for OO P&I borrowers with up to 90% LVR Other info:

Defence Bank interest rate cut

Rate cut : 25 basis points (0.25% points)

: 25 basis points (0.25% points) Applies to: All variable rate home loans

All variable rate home loans Announcement date : 7 June 2019 (3 days after the RBA’s decision)

: 7 June 2019 (3 days after the RBA’s decision) Effective date: 25 June 2019 (21 days after the RBA’s decision)

25 June 2019 (21 days after the RBA’s decision) Lowest advertised variable rate: 3.70% (3.70% comparison rate*) for OO P&I customers

3.70% (3.70% comparison rate*) for OO P&I customers Other info:

Delphi Bank interest rate cut

Rate cut : 15-20 basis points (0.15-0.20% points)

: 15-20 basis points (0.15-0.20% points) Applies to: P&I variable OO and Residential Investment loans (20 basis points) and IO variable OO and Residential Investment loans (15 basis points)

P&I variable OO and Residential Investment loans (20 basis points) and IO variable OO and Residential Investment loans (15 basis points) Announcement date : n/a

: n/a Effective date: 28 June 2019 (24 days after the RBA’s decision)

28 June 2019 (24 days after the RBA’s decision) Lowest advertised variable rate: 5.27% (5.39% comparison rate*) for OO P&I borrowers

5.27% (5.39% comparison rate*) for OO P&I borrowers Other info:

Gateway Bank interest rate cut

Rate cut : 25 basis points (0.25% points)

: 25 basis points (0.25% points) Applies to: New and existing members of all of Gateway Bank’s variable owner-occupied and investment loans

New and existing members of all of Gateway Bank’s variable owner-occupied and investment loans Announcement date : 11 June 2019 (7 days after the RBA’s decision)

: 11 June 2019 (7 days after the RBA’s decision) Effective date: 25 June 2019 (21 days after the RBA’s decision)

25 June 2019 (21 days after the RBA’s decision) Lowest advertised variable rate: 3.39% (3.41% comparison rate*) for OO P&I borrowers with up to 95% LVR

3.39% (3.41% comparison rate*) for OO P&I borrowers with up to 95% LVR Other info: Interest rate will also decrease for a range of term deposit products as well as eMax Saver and Edge Accounts.

G&C Mutual Bank interest rate cut

Rate cut : 10-40 basis points (0.10-0.40% points)

: 10-40 basis points (0.10-0.40% points) Applies to: New and existing customers. The Standard Variable Rate for home loan Investors (both interest-only and principal & interest product types) will be reduced by 0.40%p.a., while the Standard Variable Rate for Owner-Occupied borrowers (both interest-only and principal & interest product types) will be reduced by 0.25%p.a. The rate on the Retirees Access (Reverse Mortgage) product has also been reduced by 0.40%p.a. Rates on all other products not mentioned above will be reduced by between 0.10%p.a. – 0.25%p.a.

New and existing customers. The Standard Variable Rate for home loan Investors (both interest-only and principal & interest product types) will be reduced by 0.40%p.a., while the Standard Variable Rate for Owner-Occupied borrowers (both interest-only and principal & interest product types) will be reduced by 0.25%p.a. The rate on the Retirees Access (Reverse Mortgage) product has also been reduced by 0.40%p.a. Rates on all other products not mentioned above will be reduced by between 0.10%p.a. – 0.25%p.a. Announcement date : 17 June 2019 (13 days after the RBA’s decision)

: 17 June 2019 (13 days after the RBA’s decision) Effective date: New customers – 17 June 2019 (13 days after the RBA’s decision), existing customers – 30 June (26 days after RBA’s decision)

New customers – 17 June 2019 (13 days after the RBA’s decision), existing customers – 30 June (26 days after RBA’s decision) Lowest advertised variable rate: 3.59% (3.62% comparison rate*) for OO P&I borrowers with up to 80% LVR

3.59% (3.62% comparison rate*) for OO P&I borrowers with up to 80% LVR Other info:

Greater Bank interest rate cut

Rate cut : 25 basis points (0.25% points)

: 25 basis points (0.25% points) Applies to: “Variable base rate for Owner Occupied loans, Investment loans and Business loans”

“Variable base rate for Owner Occupied loans, Investment loans and Business loans” Announcement date : 4 June 2019 (0 days after the RBA’s decision)

: 4 June 2019 (0 days after the RBA’s decision) Effective date: 11 June 2019 (7 days after the RBA’s decision)

11 June 2019 (7 days after the RBA’s decision) Lowest advertised variable rate: 3.57% (3.58% comparison rate*) for OO P&I customers borrowing at least $150,000 with up to 90% LVR

3.57% (3.58% comparison rate*) for OO P&I customers borrowing at least $150,000 with up to 90% LVR Other info:

Heritage Bank interest rate cut

Rate cut : 20 basis points (0.20% points)

: 20 basis points (0.20% points) Applies to: Variable home loan rates

Variable home loan rates Announcement date : 7 June 2019 (3 days after the RBA’s decision)

: 7 June 2019 (3 days after the RBA’s decision) Effective date: 21 June 2019 (17 days after the RBA’s decision)

21 June 2019 (17 days after the RBA’s decision) Lowest advertised variable rate: 3.57% (3.62% comparison rate*) for OO P&I customers with up to 80% LVR

3.57% (3.62% comparison rate*) for OO P&I customers with up to 80% LVR Other info:

Homestar Finance interest rate cut

Rate cut : 25 basis points (0.25% points)

: 25 basis points (0.25% points) Applies to: All variable home loans for new and existing customers

All variable home loans for new and existing customers Announcement date : 4 June 2019 (for new customers), 11 June 2019 (for existing customers)

: 4 June 2019 (for new customers), 11 June 2019 (for existing customers) Effective date: 4 June 2019 – new customers (0 days after the RBA’s decision), 22 July 2019 – existing customers (48 days after RBA’s decision)

4 June 2019 – new customers (0 days after the RBA’s decision), 22 July 2019 – existing customers (48 days after RBA’s decision) Lowest advertised variable rate: 3.24% (3.24% comparison rate) on OO, P&I refinance home loan up to 80% LVR

3.24% (3.24% comparison rate) on OO, P&I refinance home loan up to 80% LVR Other info:

Homestart Finance interest rate cut

Rate cut : 25 basis points (0.25% points)

: 25 basis points (0.25% points) Applies to: Standard variable rate home loans

Standard variable rate home loans Announcement date : 6 June 2019 (2 days after the RBA’s decision)

: 6 June 2019 (2 days after the RBA’s decision) Effective date: 20 June 2019 (16 days after the RBA’s decision)

20 June 2019 (16 days after the RBA’s decision) Lowest advertised variable rate: 5.14% (5.21% comparison rate*) for OO P&I borrowers with up to 95% LVR

5.14% (5.21% comparison rate*) for OO P&I borrowers with up to 95% LVR Other info:

Horizon CU interest rate cut

Rate cut : 25 basis points (0.25% points)

: 25 basis points (0.25% points) Applies to: All variable rate mortgage products

All variable rate mortgage products Announcement date : 7 June 2019 (3 days after the RBA’s decision)

: 7 June 2019 (3 days after the RBA’s decision) Effective date: 1 July 2019 (27 days after the RBA’s decision) for existing borrowers, 11 June 2019 (7 days after RBA’s decision) for new borrowers

1 July 2019 (27 days after the RBA’s decision) for existing borrowers, 11 June 2019 (7 days after RBA’s decision) for new borrowers Lowest advertised variable rate: 4.04% (4.21% comparison rate*) for OO P&I customers with up to 95% LVR.

4.04% (4.21% comparison rate*) for OO P&I customers with up to 95% LVR. Other info:

HSBC interest rate cut

Rate cut : 22 basis points (0.22% points)

: 22 basis points (0.22% points) Applies to: Variable home loan interest rates for owner occupier and investors

Variable home loan interest rates for owner occupier and investors Announcement date : 7 June 2019 (3 days after the RBA’s decision)

: 7 June 2019 (3 days after the RBA’s decision) Effective date: 17 June 2019 (13 days after the RBA’s decision)

17 June 2019 (13 days after the RBA’s decision) Lowest advertised variable rate: 3.47% (3.48% comparison rate*) for OO P&I customers with up to 80% LVR.

3.47% (3.48% comparison rate*) for OO P&I customers with up to 80% LVR. Other info:

Hume Bank interest rate cut

Rate cut : 10-20 basis points (0.10-0.20% points)

: 10-20 basis points (0.10-0.20% points) Applies to: All standard variable and basic variable rate products for new and existing customers (20 basis points). Flexi Low Rate customers will receive a 10 basis point reduction

All standard variable and basic variable rate products for new and existing customers (20 basis points). Flexi Low Rate customers will receive a 10 basis point reduction Announcement date : 20 June 2019 (16 days after the RBA’s decision)

: 20 June 2019 (16 days after the RBA’s decision) Effective date: Existing customers – 1 July 2019 (27 days after the RBA’s decision)

Existing customers – 1 July 2019 (27 days after the RBA’s decision) Lowest advertised variable rate: 3.69% (3.69% comparison rate*) for OO P&I borrowers with up to 95% LVR

3.69% (3.69% comparison rate*) for OO P&I borrowers with up to 95% LVR Other info:

Hunter United interest rate cut

Rate cut : 25-41 basis points (0.25-0.41% points)

: 25-41 basis points (0.25-0.41% points) Applies to: Variable home loans (up to 25 points), and fixed rate home loans (up to 41 points). Reductions will vary across Principal and Interest loans as well as Interest Only loans for both owner occupiers and investors.

Variable home loans (up to 25 points), and fixed rate home loans (up to 41 points). Reductions will vary across Principal and Interest loans as well as Interest Only loans for both owner occupiers and investors. Announcement date : 7 June 2019 (3 days after the RBA’s decision)

: 7 June 2019 (3 days after the RBA’s decision) Effective date: 14 June 2019 (10 days after the RBA’s decision)

14 June 2019 (10 days after the RBA’s decision) Lowest advertised variable rate: 3.47% (3.59% comparison rate*) for OO P&I first home buyers up to 90% LVR.

3.47% (3.59% comparison rate*) for OO P&I first home buyers up to 90% LVR. Other info:

IMB Bank interest rate cut

Rate cut : 25 basis points (0.25% points)

: 25 basis points (0.25% points) Applies to: Residential and business lending products

Residential and business lending products Announcement date : 6 June 2019 (2 days after the RBA’s decision)

: 6 June 2019 (2 days after the RBA’s decision) Effective date: 21 June 2019 (17 days after the RBA’s decision)

21 June 2019 (17 days after the RBA’s decision) Lowest advertised variable rate: 3.54% (3.57% comparison rate*) for OO P&I customers with up to 90% LVR

3.54% (3.57% comparison rate*) for OO P&I customers with up to 90% LVR Other info: In addition, IMB announced reductions to its 1, 2 and 3-year fixed rate loans for Owner Occupier borrowers, taking the rate to 3.49%pa. For Investors, 1 and 3-year home loan fixed rates have been reduced to 3.79%pa.

ING interest rate cut

Rate cut : 25 basis points (0.25% points)

: 25 basis points (0.25% points) Applies to: All new and existing customers with an ING variable rate home loan

All new and existing customers with an ING variable rate home loan Announcement date : 5 June 2019 (1 day after the RBA’s decision)

: 5 June 2019 (1 day after the RBA’s decision) Effective date: 25 June 2019 (21 day after the RBA’s decision)

25 June 2019 (21 day after the RBA’s decision) Lowest advertised variable rate: 3.34% (3.37% comparison rate) for OO P&I customers borrowing $1million+ with up to 80% LVR

3.34% (3.37% comparison rate) for OO P&I customers borrowing $1million+ with up to 80% LVR Other info:

Liberty interest rate cut

Rate cut : 20-95 basis points (0.20-0.95% points)

: 20-95 basis points (0.20-0.95% points) Applies to: Existing customers (25 basis points) and new customers (20-95 basis points)

Existing customers (25 basis points) and new customers (20-95 basis points) Announcement date : 7 June 2019 (3 days after the RBA’s decision)

: 7 June 2019 (3 days after the RBA’s decision) Effective date: 24 June 2019 for existing customers (20 days after the RBA’s decision), 7 June 2019 for new customers (3 days after the RBA’s decision)

24 June 2019 for existing customers (20 days after the RBA’s decision), 7 June 2019 for new customers (3 days after the RBA’s decision) Lowest advertised variable rate: 3.69% (3.76% comparison rate*) for OO P&I borrowers with up to 65% LVR

3.69% (3.76% comparison rate*) for OO P&I borrowers with up to 65% LVR Other info:

Loans.com.au interest rate cut

Rate cut : 20 basis points (0.20% points)

: 20 basis points (0.20% points) Applies to: All existing and new variable home loan customers

All existing and new variable home loan customers Announcement date : 11 June 2019 (7 days after the RBA’s decision)

: 11 June 2019 (7 days after the RBA’s decision) Effective date: 14 June 2019 for existing customers (10 days after the RBA’s decision), 11 June 2019 for new customers (7 days after the RBA’s decision)

14 June 2019 for existing customers (10 days after the RBA’s decision), 11 June 2019 for new customers (7 days after the RBA’s decision) Lowest advertised variable rate: 3.28% (3.30% comparison rate*) for OO P&I customers up to 80% LVR

3.28% (3.30% comparison rate*) for OO P&I customers up to 80% LVR Other info:

Macquarie Bank interest rate cut

Rate cut : 25 basis points (0.25% points)

: 25 basis points (0.25% points) Applies to: All standard variable home loan interest rates

All standard variable home loan interest rates Announcement date : 5 June 2019 (1 day after the RBA’s decision)

: 5 June 2019 (1 day after the RBA’s decision) Effective date: 21 June 2019 (17 days after the RBA’s decision)

21 June 2019 (17 days after the RBA’s decision) Lowest advertised variable rate: 3.44% (3.44% comparison rate*) for OO P&I borrowers with up to 70% LVR

3.44% (3.44% comparison rate*) for OO P&I borrowers with up to 70% LVR Other info:

ME Bank interest rate cut

Rate cut : 25 basis points (0.25% points)

: 25 basis points (0.25% points) Applies to: All variable home loan rates

All variable home loan rates Announcement date : 7 June 2019 (3 days after the RBA’s decision)

: 7 June 2019 (3 days after the RBA’s decision) Effective date: 27 June 2019 (23 days after the RBA’s decision)

27 June 2019 (23 days after the RBA’s decision) Lowest advertised variable rate: 3.72% (3.74% comparison rate*) for OO P&I borrowers with up to 80% LVR

3.72% (3.74% comparison rate*) for OO P&I borrowers with up to 80% LVR Other info:

Mortgage House interest rate cut

Rate cut : 10-70 basis points (0.10-0.70% points)

: 10-70 basis points (0.10-0.70% points) Applies to: Various loans for new customers: OO P&I variable loans (10-50 points) Investor P&I (5 points) Investor IO (70 points)

Various loans for new customers: Announcement date : n/a

: n/a Effective dates: “Home Loan Prime Special 70-90%” 10-point cut on 11 June 2019. All other variable cuts on 21 June 2019.

“Home Loan Prime Special 70-90%” 10-point cut on 11 June 2019. All other variable cuts on 21 June 2019. Lowest advertised variable rate: 3.19% (3.22% comparison rate*) for OO P&I customers with up to 60% LVR.

3.19% (3.22% comparison rate*) for OO P&I customers with up to 60% LVR. Other info: Existing customer rate cuts were not publicly disclosed

MOVE Bank interest rate cut

Rate cut : up to 25 basis points (0.25% points)

: up to 25 basis points (0.25% points) Applies to: All variable home loan interest rates for new and existing customers

All variable home loan interest rates for new and existing customers Announcement date : 13 June 2019 (9 days after the RBA’s decision)

: 13 June 2019 (9 days after the RBA’s decision) Effective date: 1 July 2019 – existing customers (10 days after the RBA’s decision), 13 June 2019 – new customers (9 days after the RBA’s decision)

1 July 2019 – existing customers (10 days after the RBA’s decision), 13 June 2019 – new customers (9 days after the RBA’s decision) Lowest advertised variable rate: 3.49% (3.52% comparison rate*) for OO P&I customers with up to 95% LVR.

3.49% (3.52% comparison rate*) for OO P&I customers with up to 95% LVR. Other info: Economy, Straightforward and First Home Loans will be reduced by 10 basis points.

MyState interest rate cut

Rate cut : 20 basis points (0.20% points)

: 20 basis points (0.20% points) Applies to: Standard variable home loan rate for both new and existing loans

Standard variable home loan rate for both new and existing loans Announcement date : 12 June 2019 (8 days after the RBA’s decision)

: 12 June 2019 (8 days after the RBA’s decision) Effective date: 27 June 2019 (23 days after the RBA’s decision)

27 June 2019 (23 days after the RBA’s decision) Lowest advertised variable rate: 3.78% (3.81% comparison rate*) for OO P&I borrowers with up to 90% LVR

3.78% (3.81% comparison rate*) for OO P&I borrowers with up to 90% LVR Other info:

NAB interest rate cut

Rate cut : 25 basis points (0.25% points)

: 25 basis points (0.25% points) Applies to: All variable home loan interest rates for new and existing customers

All variable home loan interest rates for new and existing customers Announcement date : 4 June 2019 (0 days after the RBA’s decision)

: 4 June 2019 (0 days after the RBA’s decision) Effective date: 14 June 2019 (10 days after the RBA’s decision)

14 June 2019 (10 days after the RBA’s decision) Lowest advertised variable rate: 3.54% (3.58% comparison rate*) for OO P&I customers with up to 80% LVR.

3.54% (3.58% comparison rate*) for OO P&I customers with up to 80% LVR. Other info:

Newcastle Permanent interest rate cut

Rate cut : 25 basis points (0.25% points)

: 25 basis points (0.25% points) Applies to: Standard variable home loans across owner occupier and investment products

Standard variable home loans across owner occupier and investment products Announcement date : 5 June 2019 (0 days after the RBA’s decision)

: 5 June 2019 (0 days after the RBA’s decision) Effective date: 17 June 2019 (13 days after the RBA’s decision)

17 June 2019 (13 days after the RBA’s decision) Lowest advertised variable rate: 3.72% (3.76% comparison rate*) for OO P&I borrowers with LVR under 90%

3.72% (3.76% comparison rate*) for OO P&I borrowers with LVR under 90% Other info:

People’s Choice CU interest rate cut

Rate cut : 25 basis points (0.25% points)

: 25 basis points (0.25% points) Applies to: Standard variable home loan rates for existing members and variable business loan rates

Standard variable home loan rates for existing members and variable business loan rates Announcement date : 11 June 2019 (7 days after the RBA’s decision)

: 11 June 2019 (7 days after the RBA’s decision) Effective date: 25 June 2019 (21 days after the RBA’s decision)

25 June 2019 (21 days after the RBA’s decision) Lowest advertised variable rate: 4.22% (4.27% comparison rate*) for OO P&I borrowers with up to 80% LVR

4.22% (4.27% comparison rate*) for OO P&I borrowers with up to 80% LVR Other info:

Pepper Money interest rate cut

Rate cut : 25 basis points (0.25% points)

: 25 basis points (0.25% points) Applies to: Standard variable residential home loans (existing customers)

Standard variable residential home loans (existing customers) Announcement date : 7 June 2019 (3 days after the RBA’s decision)

: 7 June 2019 (3 days after the RBA’s decision) Effective date: 24 June 2019 (20 days after the RBA’s decision)

24 June 2019 (20 days after the RBA’s decision) Lowest advertised variable rate: 4.16% (4.35% comparison rate*) for OO P&I borrowers with up to 95% LVR

4.16% (4.35% comparison rate*) for OO P&I borrowers with up to 95% LVR Other info:

Police Credit Union interest rate cut

Rate cut : 15-25 basis points (0.15-0.25% points)

: 15-25 basis points (0.15-0.25% points) Applies to: Variable loans with owner occupied standard variable interest rate of 5.30% p.a. (-0.25% points), interest rates on all other owner occupied variable loans (-0.20% points), and interest rates on all investment variable loans (-0.15% points)

Variable loans with owner occupied standard variable interest rate of 5.30% p.a. (-0.25% points), interest rates on all other owner occupied variable loans (-0.20% points), and interest rates on all investment variable loans (-0.15% points) Announcement date : 21 June 2019 (17 days after the RBA’s decision)

: 21 June 2019 (17 days after the RBA’s decision) Effective date: 12 July 2019 (38 days after the RBA’s decision)

12 July 2019 (38 days after the RBA’s decision) Lowest advertised variable rate: 3.84% (3.89% comparison rate*) for OO P&I borrowers with up to 80% LVR

3.84% (3.89% comparison rate*) for OO P&I borrowers with up to 80% LVR Other info:

P&N Bank interest rate cut

Rate cut : 18-39 basis points (0.18-0.39% points)

: 18-39 basis points (0.18-0.39% points) Applies to: Entire lending portfolio (18 points), 2 to 3-year fixed term loans 80% LVR (39 points), ‘& Home Loan Intro Rate’ product (25 points), and ‘& Home Loan’ product (18 points)

Entire lending portfolio (18 points), 2 to 3-year fixed term loans 80% LVR (39 points), ‘& Home Loan Intro Rate’ product (25 points), and ‘& Home Loan’ product (18 points) Announcement date : 7 June 2019 (3 days after the RBA’s decision)

: 7 June 2019 (3 days after the RBA’s decision) Effective date: 28 June 2019 (24 days after the RBA’s decision)

28 June 2019 (24 days after the RBA’s decision) Lowest advertised variable rate: 3.81% (3.81% comparison rate*) for OO P&I borrowers with LVR under 90%

3.81% (3.81% comparison rate*) for OO P&I borrowers with LVR under 90% Other info:

QBank interest rate cut

Rate cut : 18 basis points (0.18% points)

: 18 basis points (0.18% points) Applies to: Variable home loan products for owner occupiers and investors

Variable home loan products for owner occupiers and investors Announcement date : 13 June 2019 (9 days after the RBA’s decision)

: 13 June 2019 (9 days after the RBA’s decision) Effective date: 25 June 2019 (21 days after the RBA’s decision)

25 June 2019 (21 days after the RBA’s decision) Lowest advertised variable rate: 3.66% (3.69% comparison rate*) for OO P&I borrowers with up to 95% LVR

3.66% (3.69% comparison rate*) for OO P&I borrowers with up to 95% LVR Other info: Mortgage secured overdraft rates will also be reduced by 0.18% per annum.

Qudos Bank interest rate cut

Rate cut : 25 basis points (0.25% points)

: 25 basis points (0.25% points) Applies to: Existing customers of variable rate home loans and car loans

Existing customers of variable rate home loans and car loans Announcement date : 5 June 2019 (1 day after the RBA’s decision)

: 5 June 2019 (1 day after the RBA’s decision) Effective date: 25 June 2019 (21 days after the RBA’s decision)

25 June 2019 (21 days after the RBA’s decision) Lowest advertised variable rate: 3.44% (3.44% comparison rate*) for OO P&I borrowers with up to 80% LVR

3.44% (3.44% comparison rate*) for OO P&I borrowers with up to 80% LVR Other info:

RACQ Bank interest rate cut

Rate cut : 25 basis points (0.25% points)

: 25 basis points (0.25% points) Applies to: All existing variable home loans

All existing variable home loans Announcement date : 4 June 2019 (0 days after the RBA’s decision)

: 4 June 2019 (0 days after the RBA’s decision) Effective date: 12 June 2019 (8 days after the RBA’s decision)

12 June 2019 (8 days after the RBA’s decision) Lowest advertised variable rate: 3.44% (3.44% comparison rate*) for OO P&I customers

3.44% (3.44% comparison rate*) for OO P&I customers Other info:

RAMS interest rate cut

Rate cut : 20-35 basis points (0.20-0.35% points)

: 20-35 basis points (0.20-0.35% points) Applies to : variable home loan OO P&I (20 points), variable residential investment property loan P&I (20 points), variable home loan OO IO (20 points), and variable residential investment property loan IO (35 points) – all for existing customers

: variable home loan OO P&I (20 points), variable residential investment property loan P&I (20 points), variable home loan OO IO (20 points), and variable residential investment property loan IO (35 points) – all for existing customers Announcement date : 5 June 2019 (1 day after the RBA’s decision)

: 5 June 2019 (1 day after the RBA’s decision) Effective date : 18 June 2019 (14 days after the RBA’s decision)

: 18 June 2019 (14 days after the RBA’s decision) Lowest advertised variable rate: 4.31% (4.37% comparison rate*) for OO P&I borrowers with up to 95% LVR

4.31% (4.37% comparison rate*) for OO P&I borrowers with up to 95% LVR Other info:

Reduce Home Loans interest rate cut

Rate cut : 25 basis points (0.25% points)

: 25 basis points (0.25% points) Applies to: New and existing customers

New and existing customers Announcement date : 04 June 2019 (new customers)

: 04 June 2019 (new customers) Effective date: 04 June 2019 (new customers), 22 July 2019 (existing customers)

04 June 2019 (new customers), 22 July 2019 (existing customers) Lowest advertised variable rate: 3.19% (3.19% comparison rate*) for OO P&I customers up to 80% LVR

3.19% (3.19% comparison rate*) for OO P&I customers up to 80% LVR Other info: Rate cut for existing customers was announced nearly three weeks after RBA’s decision

Regional Australia Bank interest rate cut

Rate cut : 20 basis points (0.20% points)

: 20 basis points (0.20% points) Applies to: Various OO and Investor loans (P&I and IO) for new customers

Various OO and Investor loans (P&I and IO) for new customers Announcement date : n/a

: n/a Effective date: 17 June 2019 (13 days after the RBA’s decision)

17 June 2019 (13 days after the RBA’s decision) Lowest advertised variable rate: 3.59% (3.61% comparison rate*) for OO P&I customers with homes that meet specific ‘environmentally sustainable’ guidelines

3.59% (3.61% comparison rate*) for OO P&I customers with homes that meet specific ‘environmentally sustainable’ guidelines Other info: Existing customer rate cuts were not publicly disclosed

Resimac interest rate cut

Rate cut : Size not publicly disclosed

: Size not publicly disclosed Applies to: Existing customers

Existing customers Announcement date : 11 June 2019 (7 days after the RBA’s decision)

: 11 June 2019 (7 days after the RBA’s decision) Effective date: n/a

n/a Lowest advertised variable rate: 3.46% (3.80% comparison rate*) for OO P&I borrowers with up to 80% LVR

3.46% (3.80% comparison rate*) for OO P&I borrowers with up to 80% LVR Other info: Resimac customers advised to contact the Resimac Customer Care team to find out the size of their rate cut

SCU interest rate cut

Rate cut : 20-25 basis points (0.20-0.25% points)

: 20-25 basis points (0.20-0.25% points) Applies to: All existing variable rate Mortgage Secured Consumer Loans (25 points) and new Mortgage Secured Consumer Loans (20 points)

All existing variable rate Mortgage Secured Consumer Loans (25 points) and new Mortgage Secured Consumer Loans (20 points) Announcement date : 12 June 2019 (8 days after the RBA’s decision)

: 12 June 2019 (8 days after the RBA’s decision) Effective date: 01 July 2019 (27 days after the RBA’s decision) for existing loans and 14 June 2019 (10 days after RBA’s decision) for new loans

01 July 2019 (27 days after the RBA’s decision) for existing loans and 14 June 2019 (10 days after RBA’s decision) for new loans Lowest advertised variable rate: 3.57% (3.62% comparison rate*) for OO P&I customers

3.57% (3.62% comparison rate*) for OO P&I customers Other info:

St. George Bank interest rate cut

Rate cut : 20-35 basis points (0.20-0.35% points)

: 20-35 basis points (0.20-0.35% points) Applies to: Variable OO home loan P&I (20 points), variable residential investment property loan P&I (20 points), variable OO home loan IO (20 points), and variable residential investment property loan IO (35 points)

Variable OO home loan P&I (20 points), variable residential investment property loan P&I (20 points), variable OO home loan IO (20 points), and variable residential investment property loan IO (35 points) Announcement date : 4 June 2019 (0 days after the RBA’s decision)

: 4 June 2019 (0 days after the RBA’s decision) Effective date: 18 June 2019 (14 days after the RBA’s decision)

18 June 2019 (14 days after the RBA’s decision) Lowest advertised variable rate: 3.58% (3.60% comparison rate) for OO P&I borrowers with LVR under 60%

3.58% (3.60% comparison rate) for OO P&I borrowers with LVR under 60% Other info:

Suncorp Bank interest rate cut

Rate cut : 20 basis points (0.20% points)

: 20 basis points (0.20% points) Applies to: Variable home loans, for owner occupiers and investors

Variable home loans, for owner occupiers and investors Announcement date : 5 June 2019 (1 day after the RBA’s decision)

: 5 June 2019 (1 day after the RBA’s decision) Effective date: 21 June 2019 (17 days after the RBA’s decision)

21 June 2019 (17 days after the RBA’s decision) Lowest advertised variable rate: 3.49% (3.50% comparison rate*) for OO P&I borrowers with up to 90% LVR

3.49% (3.50% comparison rate*) for OO P&I borrowers with up to 90% LVR Other info:

Teachers Mutual Bank interest rate cut

Rate cut : 25 basis points (0.25% points)

: 25 basis points (0.25% points) Applies to: Flexi Choice and My First Home Loan variable rate with P&I repayments (new and existing customers)

Flexi Choice and My First Home Loan variable rate with P&I repayments (new and existing customers) Announcement date : 17 June 2019 (13 days after the RBA’s decision)

: 17 June 2019 (13 days after the RBA’s decision) Effective date: 1 July 2019 – existing customers (27 days after the RBA’s decision), 25 June 2019 – new customers (21 days after RBA’s decision)

1 July 2019 – existing customers (27 days after the RBA’s decision), 25 June 2019 – new customers (21 days after RBA’s decision) Lowest advertised variable rate: 3.67% (3.72% comparison rate*) for OO P&I borrowers with up to 85% LVR

3.67% (3.72% comparison rate*) for OO P&I borrowers with up to 85% LVR Other info:

Tic Toc interest rate cut

Rate cut : Up to 20 basis points (0.20% points)

: Up to 20 basis points (0.20% points) Applies to: New and existing customers

New and existing customers Announcement date : 13 June 2019 (9 days after the RBA’s decision)

: 13 June 2019 (9 days after the RBA’s decision) Effective date: 13 June 2019 (9 days after the RBA’s decision)

13 June 2019 (9 days after the RBA’s decision) Lowest advertised variable rate: 3.27% (3.28% comparison rate*) for OO P&I customers with up to 90% LVR

3.27% (3.28% comparison rate*) for OO P&I customers with up to 90% LVR Other info:

The Mutual Bank interest rate cut

Rate cut : 25 basis points (0.25% points)

: 25 basis points (0.25% points) Applies to: All variable rate owner-occupied home loans and investment home loans

All variable rate owner-occupied home loans and investment home loans Announcement date : 5 June 2019 (1 day after the RBA’s decision)

: 5 June 2019 (1 day after the RBA’s decision) Effective date: 21 June 2019 (17 days after the RBA’s decision)

21 June 2019 (17 days after the RBA’s decision) Lowest advertised variable rate: 4.18% (4.18% comparison rate*) for OO P&I borrowers with up to 90% LVR

4.18% (4.18% comparison rate*) for OO P&I borrowers with up to 90% LVR Other info: New fixed interest rate home loans will be reduced from 5 June 2019, with existing variable home loan interest rates reducing by 0.25% effective 21 June 2019.

UBank interest rate cut

Rate cut : 25 basis points (0.25% points)

: 25 basis points (0.25% points) Applies to: All variable home loan rates for new and existing customers

All variable home loan rates for new and existing customers Announcement date : 7 June 2019 (3 days after the RBA’s decision)

: 7 June 2019 (3 days after the RBA’s decision) Effective date: 28 June 2019 (24 days after the RBA’s decision)

28 June 2019 (24 days after the RBA’s decision) Lowest advertised variable rate: 3.34% (3.34% comparison rate*) for OO P&I borrowers with up to 80% LVR

3.34% (3.34% comparison rate*) for OO P&I borrowers with up to 80% LVR Other info: 1-year fixed Owner Occupier P&I rate will also decrease to 2.99% p.a. (4.09% comparison rate) from June 14.

UniBank interest rate cut

Rate cut : 25 basis points (0.25% points)

: 25 basis points (0.25% points) Applies to: Flexi Choice and My First Home Loan variable rate with principal and interest repayments for all new loans

Flexi Choice and My First Home Loan variable rate with principal and interest repayments for all new loans Announcement date : 17 June 2019 (13 days after the RBA’s decision)

: 17 June 2019 (13 days after the RBA’s decision) Effective date: New customers – 25 June 2019 (21 days after the RBA’s decision), existing customers – 1 July 2019 (27 days after the RBA’s decision)

New customers – 25 June 2019 (21 days after the RBA’s decision), existing customers – 1 July 2019 (27 days after the RBA’s decision) Lowest advertised variable rate: 3.67% (3.72% comparison rate*) for OO P&I borrowers with up to 85% LVR

3.67% (3.72% comparison rate*) for OO P&I borrowers with up to 85% LVR Other info:

Unity Bank interest rate cut

Rate cut : 15-18 basis points (0.15-0.18% points)

: 15-18 basis points (0.15-0.18% points) Applies to: Variable OO home loan rate (18 points) and variable investment property loan rate for investors (15 points)

Variable OO home loan rate (18 points) and variable investment property loan rate for investors (15 points) Announcement date : 18 June 2019 (14 days after the RBA’s decision)

: 18 June 2019 (14 days after the RBA’s decision) Effective date: 01 July 2019 (27 days after the RBA’s decision)

01 July 2019 (27 days after the RBA’s decision) Lowest advertised variable rate: 3.81% (3.86% comparison rate*) for OO P&I borrowers with up to 80% LVR

3.81% (3.86% comparison rate*) for OO P&I borrowers with up to 80% LVR Other info:

Virgin Money interest rate cut

Rate cut : 25 basis points (0.25% points)

: 25 basis points (0.25% points) Applies to: All variable home loans for existing owner occupiers and investors

All variable home loans for existing owner occupiers and investors Announcement date : 18 June 2019 (14 days after the RBA’s decision)

: 18 June 2019 (14 days after the RBA’s decision) Effective date: 25 June 2019 (21 days after the RBA’s decision)

25 June 2019 (21 days after the RBA’s decision) Lowest advertised variable rate: 3.44% (3.58% comparison rate*) for OO P&I borrowers

3.44% (3.58% comparison rate*) for OO P&I borrowers Other info:

Westpac interest rate cut

Rate cut : 20-35 basis points (0.20%-0.35% points)

: 20-35 basis points (0.20%-0.35% points) Applies to: All variable home loan interest rates for new and existing customers

All variable home loan interest rates for new and existing customers Announcement date : 4 June 2019 (0 days after the RBA’s decision)

: 4 June 2019 (0 days after the RBA’s decision) Effective date: 18 June 2019 (14 days after the RBA’s decision)

18 June 2019 (14 days after the RBA’s decision) Lowest advertised variable rate: 3.78% (3.79% comparison rate*) for OO P&I borrowers

3.78% (3.79% comparison rate*) for OO P&I borrowers Other info: 35 basis point cut only applies to residential investment IO loans. Other variable home loans reduced by 20 basis points

Disclaimers

The entire market was not considered in selecting the above products. Rather, a cut-down portion of the market has been considered which includes retail products from at least the big four banks, the top 10 customer-owned institutions and Australia’s larger non-banks:

The big four banks are: ANZ, CBA, NAB and Westpac

The top 10 customer-owned Institutions are the ten largest mutual banks, credit unions and building societies in Australia, ranked by assets under management in November 2019. They are (in descending order): Credit Union Australia, Newcastle Permanent, Heritage Bank, Peoples’ Choice Credit Union, Teachers Mutual Bank, Greater Bank, IMB Bank, Beyond Bank, Bank Australia and P&N Bank.

The larger non-bank lenders are those who (in 2020) has more than $9 billion in Australian funded loans and advances. These groups are: Resimac, Pepper, Liberty and Firstmac.

Some providers' products may not be available in all states. To be considered, the product and rate must be clearly published on the product provider's web site.

In the interests of full disclosure, Savings.com.au, Performance Drive and Loans.com.au are part of the Firstmac Group. To read about how Savings.com.au manages potential conflicts of interest, along with how we get paid, please click through onto the web site links.

*The Comparison rate is based on a $150,000 loan over 25 years. Warning: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Latest Articles