In wake of this month's cash rate cut, Savings.com.au will keep you across the home loan rate cut announcements from some of the nation’s most popular lenders.

***BREAKING NEWS***

19/03/2020: Australia's central bank has taken emergency measures to cut the cash rate a second time this month down to 0.25%. Track the home loan rate cut announcements for this latest cut here.

***

The Reserve Bank of Australia (RBA) cut the cash rate for the first time since October, lowering it by another 25 basis points to a new record low of 0.50%.

Stay tuned to this page for regular updates below of which lenders are announcing they are passing on some or all of this March rate cut to variable-rate home loans.

Current low rate home loans

For quick reference: As things stand, these are some of the lowest-rate home loans Savings.com.au has found on the market:

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Which banks and lenders are cutting interest rates?

All cuts below refer to lenders’ responses to the RBA’s March rate cut. To see how these rate cuts compare with previous months’, check out our June, July and October rate cut pages.

Last updated: 9:31 AM AEDT 20/03/20

Key notes:

P&I =Principal and Interest, IO =Interest Only, OO =Owner Occupier.

=Principal and Interest, =Interest Only, =Owner Occupier. Basis points explained: 1 basis point = 0.01% point of an interest rate (e.g. 3.00% p.a. cut by 25 basis points to 2.75% p.a.)

1 basis point = 0.01% point of an interest rate (e.g. 3.00% p.a. cut by 25 basis points to 2.75% p.a.) Advertised rates: The “new lowest advertised variable rates” listed for each lender excludes introductory & honeymoon rates and package rates. Rates are correct at the time of the last update to this page. Lowest rates will only be listed if they are new (i.e. the rate became that lender’s lowest rate after some or all of the RBA’s March cash rate cut were passed on) and currently available.

86 400 interest rate cut

AMP interest rate cut

ANZ interest rate cut

Athena interest rate cut

Aussie Home Loans interest rate cut

Auswide Bank interest rate cut

Australian Military Bank interest rate cut

Australian Unity interest rate cut

Bank Australia interest rate cut

Bankfirst interest rate cut

Bank of Melbourne interest rate cut

Bank of Sydney interest rate cut

Bank of Us interest rate cut

Bank SA interest rate cut

BankVic interest rate cut

Bankwest interest rate cut

BCU interest rate cut

Bendigo and Adelaide Bank interest rate cut

Beyond Bank interest rate cut

BOQ interest rate cut

Citi interest rate cut

Commonwealth Bank interest rate cut

Community First CU interest rate cut

Credit Union SA interest rate cut

CUA interest rate cut

Defence Bank interest rate cut

Firstmac interest rate cut

Freedom Lend interest rate cut

G&C Mutual Bank interest rate cut

Gateway Bank interest rate cut

Greater Bank interest rate cut

Heritage Bank interest rate cut

Homestar Finance interest rate cut

HSBC interest rate cut

Hume Bank interest rate cut

Hunter United interest rate cut

Illawarra Credit Union interest rate cut

IMB interest rate cut

ING interest rate cut

Liberty interest rate cut

Loans.com.au interest rate cut - Click to view the latest rates

Macquarie Bank interest rate cut

ME interest rate cut

Mortgage House interest rate cut

Move Bank interest rate cut

MyState Bank interest rate cut

NAB interest rate cut

Newcastle Permanent interest rate cut

P&N Bank interest rate cut

People’s Choice Credit Union interest rate cut



Pepper Money interest rate cut

Police Bank interest rate cut

Police Credit Union 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

Resimac interest rate cut

State Custodians interest rate cut

St George Bank interest rate cut

Suncorp interest rate cut

Sydney Mutual Bank interest rate cut

Teachers Mutual Bank interest rate cut - pending

The Mutual Bank interest rate cut

TicToc interest rate cut

UBank interest rate cut

UniBank interest rate cut - pending

Unity Bank interest rate cut - pending

Virgin Money interest rate cut

Westpac interest rate cut

Savings.com.au Refinance home loans

Rates as low as 2.39% Compare

86 400 interest rate cut

Rate cut : 25 basis points

: 25 basis points Applies to : All variable rate home loans (new and existing, owner-occupier and investor)

: All variable rate home loans (new and existing, owner-occupier and investor) Announcement date : 03 March 2020

: 03 March 2020 Effective date : 04 March 2020 (1 day after RBA cut)

: 04 March 2020 (1 day after RBA cut) New lowest advertised variable rate : 2.84% p.a. (3.12% p.a. comp rate*) for OO P&I borrowers

: 2.84% p.a. (3.12% p.a. comp rate*) for OO P&I borrowers Other info:

AMP interest rate cut

Rate cut : 25-64 basis points

: 25-64 basis points Applies to: Standard variable home loans and three-year fixed offers All variable rate home loans to be cut by 25 basis points Three-year fixed OO P&I interest rate cut by 64 basis points

Standard variable home loans and three-year fixed offers Announcement date : 05 March 2020

: 05 March 2020 Effective date: 30 March (27 days after RBA rate cut)

30 March (27 days after RBA rate cut) New lowest advertised variable rate:

June rate cut: 25 basis points

basis points July rate cut: 20 basis points

20 basis points October rate cut: 15 basis points

basis points Other info:

ANZ interest rate cut

Rate cut : 25-35 basis points

: 25-35 basis points Applies to: Standard variable home loans: OO P&I, OO IO, Investor P&I: 25 basis points Investor IO: 35 basis points

Standard variable home loans: Announcement date : 03 March 2020

: 03 March 2020 Effective date: 13 March (10 days after RBA rate cut)

13 March (10 days after RBA rate cut) New lowest advertised variable rate: 2.87% p.a. (2.91% comp rate*), Simplicity Plus <80% Special Offer

2.87% p.a. (2.91% comp rate*), Simplicity Plus <80% Special Offer June rate cut: 18 basis points

18 basis points July rate cut: 25 basis points

25 basis points October rate cut: 14-25 basis points

14-25 basis points Other info:

Athena interest rate cut

Rate cut : 25 basis points

: 25 basis points Applies to: All variable rate home loans (new and existing, owner-occupier and investor)

All variable rate home loans (new and existing, owner-occupier and investor) Announcement date : 03 March 2020

: 03 March 2020 Effective date: 03 March 2020 (0 days after RBA rate cut)

03 March 2020 New lowest advertised variable rate: 2.59% p.a. (2.55% p.a. comp rate*) for OO P&I borrowers with up to 80% LVR

2.59% p.a. (2.55% p.a. comp rate*) for OO P&I borrowers with up to 80% LVR June rate cut: 25 basis points

basis points July rate cut: 25 basis points

25 basis points October rate cut: 25 basis points

25 basis points Other info:

Aussie Home Loans interest rate cut Rate cut : 25 basis points

: 25 basis points Applies to: Aussie Select home loans (Variable OO P&I, OO IO, INV P&I, INV IO)

Aussie Select home loans (Variable OO P&I, OO IO, INV P&I, INV IO) Announcement date : 06 March 2020

: 06 March 2020 Effective date: 24 March 2020 (21 days after RBA rate cut)

24 March 2020 New lowest advertised variable rate:

June rate cut:

July rate cut:

October rate cut: 15-25 basis points

Other info: Aussie Activate and Aussie Elevate decisions still pending

Auswide Bank interest rate cut

Rate cut : 25 basis points

: 25 basis points Applies to: RBA Rate Tracker Home Loan

RBA Rate Tracker Home Loan Announcement date : 03 March 2020

: 03 March 2020 Effective date: 05 March 2020 (2 days after RBA rate cut)

05 March 2020 New lowest advertised variable rate: 2.99% p.a. (3.01% p.a. comp rate*)

2.99% p.a. (3.01% p.a. comp rate*) June rate cut: 15-25 basis points

15-25 basis points July rate cut: 10-25 basis points

10-25 basis points October rate cut: 10-25 basis points

10-25 basis points Other info: 25 basis point reduction also applies to Low Rate Visa Credit Card

Australian Military Bank interest rate cut

Rate cut : 25 basis points

: 25 basis points Applies to: Existing variable home loans

Existing variable home loans Announcement date : 05 March 2020

: 05 March 2020 Effective date: 26 March 2020 (23 days after RBA rate cut)

26 March 2020 (23 days after RBA rate cut) New lowest advertised variable rate:

June rate cut: 25 basis points

July rate cut: 20 basis points

20 basis points October rate cut: 14 basis points

14 basis points Other info:

Australian Unity interest rate cut

Rate cut : 25 basis points

: 25 basis points Applies to: "All home loan rates"

"All Announcement date : 06 March 2020

: 06 March 2020 Effective date: 24 March 2020 (21 days after RBA rate cut)

24 March 2020 New lowest advertised variable rate:

June rate cut: 15-18 basis points

basis points July rate cut: 15 basis points

15 basis points October rate cut: 11 basis points

11 basis points Other info:

Bank Australia interest rate cut

Rate cut : 25 basis points

: 25 basis points Applies to: All variable rate home loan customers

All variable rate home loan customers Announcement date : 05 March 2020

: 05 March 2020 Effective date: 24 March 2020 (21 days after RBA rate cut)

24 March 2020 New lowest advertised variable rate:

June rate cut: 2 5 basis points

5 basis points July rate cut: 16 basis points

16 basis points October rate cut: 10 basis points

10 basis points Other info:

Bankfirst interest rate cut

Rate cut : 25 basis points

: 25 basis points Applies to: First Rate home loan, Standard home loan, Premier Package home loan, Complete home loan and other fixed and variable home loan rates.

First Rate home loan, Standard home loan, Premier Package home loan, Complete home loan and other fixed and variable home loan rates. Announcement date : 05 March 2020

: 05 March 2020 Effective date: 25 March 2020 (22 days after RBA rate cut)

25 March 2020 (22 days after RBA rate cut) New lowest advertised variable rate:

June rate cut: 7-30 basis points

7-30 basis points July rate cut: 13-25 basis points

13-25 basis points October rate cut: 20-25 basis points

20-25 basis points Other info:

Bank of Melbourne interest rate cut

Rate cut : 25 basis points

: 25 basis points Applies to: All variable rate home loans (owner-occupier and investor)

All Announcement date : 03 March 2020

: 03 March 2020 Effective date: 17 March 2020 (14 days after RBA rate cut)

17 March 2020 (14 days after RBA rate cut) New lowest advertised variable rate: 2.69% p.a. (2.71% p.a. comp rate*), Basic Home Loan

2.69% p.a. (2.71% p.a. comp rate*), Basic Home Loan June rate cut: 20-35 basis points

20-35 basis points July rate cut: 20-30 basis points

20-30 basis points October rate cut: 15 basis points

15 basis points Other info:

Bank of Sydney interest rate cut

Rate cut : 25 basis points

: 25 basis points Applies to: All existing Owner Occupier and Investment Home Loans (variable)

All Announcement date : 06 March 2020

: 06 March 2020 Effective date: Not specified

Not specified New lowest advertised variable rate:

June rate cut: 20-25 basis points

20-25 basis points July rate cut: 19 basis points

basis points October rate cut: 15 basis points

15 basis points Other info:

Bank of Us interest rate cut

Rate cut : 25 basis points

: 25 basis points Applies to: All existing Owner Occupier and Investment Home Loans (variable)

All Announcement date : 06 March 2020

: 06 March 2020 Effective date: 1 April 2020 (29 days after RBA rate cut)

1 April 2020 (29 days after RBA rate cut) New lowest advertised variable rate:

Other info:

Bank SA interest rate cut

Rate cut : 25 basis points

: 25 basis points Applies to: All variable rate home loans (owner-occupier and investor)

All Announcement date : 03 March 2020

: 03 March 2020 Effective date: 17 March 2020 (14 days after RBA rate cut)

17 March 2020 (14 days after RBA rate cut) New lowest advertised variable rate: 2.74% p.a. (2.76% p.a. comp rate*), Basic Home Loan

2.74% p.a. (2.76% p.a. comp rate*), Basic Home Loan June rate cut: 20-35 basis points

20-35 basis points July rate cut: 20-30 basis points

20-30 basis points October rate cut: 15 basis points

15 basis points Other info:

BankVic interest rate cut

Rate cut : 25 basis points

: 25 basis points Applies to: All variable owner-occupied and investor home loans

All variable owner-occupied and investor home loans Announcement date : 05 March 2020

: 05 March 2020 Effective date: 5 March 2020 (2 days after RBA rate cut)

March 2020 (2 days after RBA rate cut) New lowest advertised variable rate: 3.07% p.a. (3.07% p.a. comp rate*)

3.07% p.a. (3.07% p.a. comp rate*) June rate cut: 25 basis points

25 basis points July rate cut: 15 basis points

basis points October rate cut: 10-12 basis points

10-12 basis points Other info:

Bankwest interest rate cut

Rate cut : 25 basis points

: 25 basis points Applies to: All standard variable rate home loans

All standard variable rate home loans Announcement date : 04 March 2020

: 04 March 2020 Effective date: 18 March 2020 (15 days after RBA rate cut)

18 March 2020 (15 days after RBA rate cut) New lowest advertised variable rate: 3.32% p.a. (3.76% p.a. comp rate*), Complete Variable Home Loan

3.32% p.a. (3.76% p.a. comp rate*), Complete Variable Home Loan June rate cut: 25 basis points

25 basis points July rate cut: 19 basis points

basis points October rate cut: 13-25 basis points

13-25 basis points Other info:

BCU interest rate cut

Rate cut : 25 basis points

: 25 basis points Applies to: All standard variable rate home loans for both owner occupiers and investors

All standard variable rate home loans for both owner occupiers and investors Announcement date : 04 March 2020

: 04 March 2020 Effective date: 1 April 2020 (29 days after RBA rate cut)

1 April 2020 (29 days after RBA rate cut) New lowest advertised variable rate:

June rate cut: 25 basis points

25 basis points July rate cut: 20-25 basis points

basis points October rate cut: 15-25 basis points

15-25 basis points Other info:

Bendigo & Adelaide Bank interest rate cut

Rate cut : 25 basis points

: 25 basis points Applies to: All new and existing variable home loan rates

All new and existing variable home loan rates Announcement date : 06 March 2020

: 06 March 2020 Effective date: 27 March 2020 (24 days after RBA rate cut)

27 March 2020 (24 days after RBA rate cut) New lowest advertised variable rate:

June rate cut: 15-20 basis points

July rate cut: 15-20 basis points

October rate cut: 15 basis points

15 basis points Other info:

Beyond Bank interest rate cut

Rate cut : 25 basis points

: 25 basis points Applies to: All new and existing variable home loan rates

All new and existing variable home loan rates Announcement date : 11 March 2020

: 11 March 2020 Effective date: 24 March 2020 (21 days after RBA rate cut)

24 March 2020 (21 days after RBA rate cut) New lowest advertised variable rate:

June rate cut: 15-25 basis points

July rate cut: 17 basis points

October rate cut: 14 basis points

14 basis points Other info:

BOQ interest rate cut

Rate cut : 17-25 basis points

: 17-25 basis points OO P&I and IO loans by 17 basis points Investor P&I and IO loans by 25 basis points

Applies to: All standard variable rate home loans

All standard variable rate home loans Announcement date : 04 March 2020

: 04 March 2020 Effective date: 3 April 2020 (31 days after RBA rate cut)

3 April 2020 (31 days after RBA rate cut) New lowest advertised variable rate:

June rate cut: 25 basis points

25 basis points July rate cut: 15 basis points

basis points October rate cut: 10-25 basis points

10-25 basis points Other info:

Citi interest rate cut

Rate cut : 25 basis points

: 25 basis points Applies to: Variable rate home loans (new and existing, owner-occupier)

Variable rate home loans (new and existing, owner-occupier) Announcement date : 04 March 2020

: 04 March 2020 Effective date: 24 March 2020 (21 days after RBA cut)

24 March 2020 (21 days after RBA cut) New lowest advertised variable rate:

June rate cut: 25 basis points

25 basis points July rate cut: 18 basis points

18 basis points October rate cut: 15 basis points

15 basis points Other info:

Commonwealth Bank interest rate cut

Rate cut : 25 basis points

: 25 basis points Applies to: All variable rate home loans (new and existing, owner-occupier and investor)

All variable rate home loans (new and existing, owner-occupier and investor) Announcement date : 03 March 2020

: 03 March 2020 Effective date: 24 March 2020 (21 days after RBA cut)

24 March 2020 (21 days after RBA cut) New lowest advertised variable rate:

June rate cut: 25 basis points

25 basis points July rate cut: 19-25 basis points

19-25 basis points October rate cut: 13-25 basis points

13-25 basis points Other info:

Community First CU interest rate cut

Rate cut : 10-30 basis points

: 10-30 basis points Applies to: Variable home loans (at least 10 basis points) and fixed interest rates (10-30 basis points)

Variable home loans (at least 10 basis points) and fixed interest rates (10-30 basis points) Announcement date : 05 March 2020

: 05 March 2020 Effective date: Variable home loans: 30 March 2020 (27 days after RBA rate cut) Fixed home loans: 18 March 2020 (15 days after RBA rate cut)

New lowest advertised variable rate:

Other info:

Credit Union SA interest rate cut

Rate cut : 25 basis points

: 25 basis points Applies to: Existing variable rate home loans

Existing variable rate home loans Announcement date : 16 March 2020

: 16 March 2020 Effective date: 25 March (22 days after RBA rate cut)

25 March (22 days after RBA rate cut) June rate cut: 20 basis points

July rate cut: 20 basis points

October rate cut: 4-26 basis points

4-26 basis points New lowest advertised variable rate:

Other info:

CUA interest rate cut

Rate cut : 25 basis points

: 25 basis points Applies to: All variable rate home loans (new and existing, owner-occupier and investor)

All variable rate home loans (new and existing, owner-occupier and investor) Announcement date : 04 March 2020

: 04 March 2020 Effective date: 24 March 2020 (21 days after RBA cut)

24 March 2020 (21 days after RBA cut) New lowest advertised variable rate:

June rate cut: 10-25 basis points

July rate cut: 17 basis points

17 basis points October rate cut: 13 basis points

13 basis points Other info:

Defence Bank interest rate cut

Rate cut : 25 basis points

: 25 basis points Applies to: All new and existing variable rate home loans.

All new and existing variable rate home loans. Announcement date : 03 March 2020

: 03 March 2020 Effective date: 12 March 2020 (9 days after RBA rate cut)

12 March 2020 (9 days after RBA rate cut) New lowest advertised variable rate: 2.80% p.a (2.80% p.a. comp rate*), Premier Low Rate Home Loan

2.80% p.a (2.80% p.a. comp rate*), Premier Low Rate Home Loan June rate cut: 25 basis points

25 basis points July rate cut: 19 basis points

19 basis points October rate cut: 15 basis points

15 basis points Other info:

Firstmac interest rate cut

Rate cut : 25 basis points

: 25 basis points Applies to: Existing customers on variable rate home loans (owner-occupier and investor)

Existing customers on variable rate home loans (owner-occupier and investor) Announcement date : 03 March 2020

: 03 March 2020 Effective date: 26 March 2020 (23 days after RBA rate cut)

26 March 2020 (23 days after RBA rate cut) New lowest advertised variable rate:

Other info: Rate cuts for new customers yet to be confirmed

Freedom Lend interest rate cut

Rate cut : 25 basis points

: 25 basis points Applies to: Variable rate home loans

Variable rate home loans Announcement date : 03 March 2020

: 03 March 2020 Effective date: 03 March 2020 (0 days after rate cut)

03 March 2020 (0 days after rate cut) New lowest advertised variable rate: 2.54% p.a. (2.51% p.a. comp rate*) for OO P&I customers with up to 80% LVR

2.54% p.a. (2.51% p.a. comp rate*) for OO P&I customers with up to 80% LVR June rate cut :

: July rate cut :

: October rate cut : 25 basis points

: 25 basis points Other info:

G&C Mutual Bank interest rate cut

Rate cut : 25 basis points

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

All variable home loans (new and existing customers) Announcement date : 10 March 2020

: 10 March 2020 Effective date: 1 April 2020 (29 days after rate cut)

1 April 2020 (29 days after rate cut) New lowest advertised variable rate:

June rate cut : 10-40 basis points

: 10-40 basis points July rate cut : 10-20 basis points

: 10-20 basis points October rate cut : 15-50 basis points

: Other info:

Gateway Bank interest rate cut

Rate cut : 25 basis points

: 25 basis points Applies to: All variable home loans

All variable home loans Announcement date : 09 March 2020

: 09 March 2020 Effective date: 23 March 2020 (20 days after rate cut)

23 March 2020 (20 days after rate cut) New lowest advertised variable rate:

June rate cut : 25 basis points

: 25 basis points July rate cut : 15-25 basis points

: 15-25 basis points October rate cut : 14 basis points

: 14 basis points Other info:

Greater Bank interest rate cut

Rate cut : 25 basis points

: 25 basis points Applies to: Variable rate home loans for existing customers

Variable rate home loans for existing customers Announcement date : 04 March 2020

: 04 March 2020 Effective date: 24 March 2020 (20 days after rate cut)

24 March 2020 (20 days after rate cut) New lowest advertised variable rate:

June rate cut : 25 basis points

: 25 basis points July rate cut : Up to 20 basis points

: Up to 20 basis points October rate cut : 9-20 basis points

: 9-20 basis points Other info:

Heritage Bank interest rate cut

Rate cut : 20 basis points

: 20 basis points Applies to: All owner occupier and investor variable home loan rates (new and existing customers)

All owner occupier and investor variable home loan rates (new and existing customers) Announcement date : 06 March 2020

: 06 March 2020 Effective date: 25 March 2020 (22 days after rate cut)

25 March 2020 (22 days after rate cut) New lowest advertised variable rate:

June rate cut : 20 basis points

: 20 basis points July rate cut : 15 basis points

: 15 basis points October rate cut : 15 basis points

: 15 basis points Other info: Credit card rates, Standard Personal Loan variable rate will also be reduced by 25 basis points

Homestar Finance interest rate cut

Rate cut : 25 basis points

: 25 basis points Applies to: Variable rate home loans for all customers

Variable rate home loans for all customers Announcement date : 03 March 2020

: 03 March 2020 Effective date: 1 April (existing customers), 03 March (new customers)

1 April (existing customers), 03 March (new customers) New lowest advertised variable rate: 2.44% p.a. (2.47% p.a. comp rate*) for OO P&I customers with up to 60% LVR

2.44% p.a. (2.47% p.a. comp rate*) for OO P&I customers with up to 60% LVR June rate cut: 25 basis points

25 basis points July rate cut: 25 basis points

basis points October rate cut: 25 basis points

25 basis points Other info:

HSBC interest rate cut

Rate cut : 25 basis points

: 25 basis points Applies to: Variable rate home loans for all customers

Variable rate home loans for all customers Announcement date : 04 March 2020

: 04 March 2020 Effective date: 23 March 2020

23 March 2020 New lowest advertised variable rate:

June rate cut: 22 basis points

22 basis points July rate cut: 20 basis points

basis points October rate cut: 15-20 basis points

15-20 basis points Other info:

Hume Bank interest rate cut

Rate cut : 20 basis points

: 20 basis points Applies to: All variable rates for existing customers (owner-occupied, investor and commercial)

All variable rates for existing customers (owner-occupied, investor and commercial) Announcement date : 05 March 2020

: 05 March 2020 Effective date: 18 March 2020 (15 days after RBA rate cut)

18 March 2020 (15 days after RBA rate cut) New lowest advertised variable rate: 2.84% p.a. (2.84% p.a. comp rate*), Flexi Low Rate home loan

2.84% p.a. (2.84% p.a. comp rate*), Flexi Low Rate home loan June rate cut: 10-20 basis points

10-20 basis points July rate cut: 10-15 basis points

10-15 basis points October rate cut: 10-15 basis points

10-15 basis points Other info:

Hunter United interest rate cut

Rate cut : 15 basis points

: 15 basis points Applies to: All variable rates for all principal and interest loans as well as interest only loans for both owner occupiers and investors

All variable rates for all principal and interest loans as well as interest only loans for both owner occupiers and investors Announcement date : 06 March 2020

: 06 March 2020 Effective date: 13 March 2020 (10 days after RBA rate cut)

13 March 2020 (10 days after RBA rate cut) New lowest advertised variable rate: 2.945 p.a. (3.04% p.a. comp rate*), No Regrets Home Loan OO

2.945 p.a. (3.04% p.a. comp rate*), No Regrets Home Loan OO June rate cut: 25-41 basis points

25-41 basis points July rate cut: 5-20 basis points

5-20 basis points October rate cut: Up to 20 basis points

Up to 20 basis points Other info:

Illawarra interest rate cut

Rate cut : 25 basis points

: 25 basis points Applies to: New and existing borrowers for variable residential owner occupied and investment home loans

New and existing borrowers for variable residential owner occupied and investment home loans Announcement date : 09 March 2020

: 09 March 2020 Effective date: 1 April 2020 (29 days after rate cut)

1 April 2020 (29 days after rate cut) New lowest advertised variable rate:

Other info:

IMB interest rate cut

Rate cut : 25 basis points

: 25 basis points Applies to: New and existing borrowers for variable residential owner occupied and investment home loans

New and existing borrowers for variable residential owner occupied and investment home loans Announcement date : 04 March 2020

: 04 March 2020 Effective date: 24 March 2020 (21 days after rate cut)

24 March 2020 (21 days after rate cut) New lowest advertised variable rate:

June rate cut: 25 basis points

25 basis points July rate cut: 18 basis points

basis points October rate cut: 13 basis points

13 basis points Other info:

ING interest rate cut

Rate cut : 25 basis points

: 25 basis points Applies to: Variable rate home loans for all customers, new and existing

Variable rate home loans for all customers, new and existing Announcement date : 04 March 2020

: 04 March 2020 Effective date: 18 March 2020 (15 days after rate cut)

18 March 2020 (15 days after rate cut) New lowest advertised variable rate: 2.78% p.a. (2.81% p.a. comp rate*), Mortgage Simplifier home loan

2.78% p.a. (2.81% p.a. comp rate*), Mortgage Simplifier home loan June rate cut: 25 basis points

25 basis points July rate cut: 20 basis points

basis points October rate cut: 15 basis points

15 basis points Other info:

Liberty interest rate cut

Rate cut : 25 basis points

: 25 basis points Applies to: All new and existing variable rate home loan customers

All new and existing variable rate home loan customers Announcement date : 04 March 2020

: 04 March 2020 Effective date: 24 March 2020 (21 days after rate cut)

24 March 2020 (21 days after rate cut) New lowest advertised variable rate:

June rate cut: 25 basis points

25 basis points July rate cut: 19 basis points

basis points October rate cut: 25 basis points

25 basis points Other info:

Loans.com.au interest rate cut

Rate cut : 25 basis points

: 25 basis points Applies to: Existing customers on variable rate home loans (owner-occupier and investor)

Existing customers on variable rate home loans (owner-occupier and investor) Announcement date : 03 March 2020

: 03 March 2020 Effective date: 26 March 2020 (23 days after RBA rate cut)

26 March 2020 New lowest advertised variable rate:

June rate cut: 20 basis points

20 basis points July rate cut: 25 basis points

25 basis points October rate cut: 15-20 basis points

15-20 basis points Other info: Rate cuts for new customers yet to be confirmed

Macquarie Bank interest rate cut

Rate cut : 25 basis points

: 25 basis points Applies to: "Home loan customers"

"Home loan customers" Announcement date : 03 March 2020

: 03 March 2020 Effective date: 19 March 2020 (16 days after RBA rate cut)

19 March 2020 New lowest advertised variable rate: 2.84% p.a. (2.84% p.a. comp rate*), Basic Home Loan

2.84% p.a. (2.84% p.a. comp rate*), Basic Home Loan June rate cut: 25 basis points

25 basis points July rate cut: 20 basis points

basis points October rate cut: 15 basis points

15 basis points Other info:

ME interest rate cut

Rate cut : 25 basis points

: 25 basis points Applies to: All existing owner occupier and investor home loan customers

All existing owner occupier and investor home loan customers Announcement date : 04 March 2020

: 04 March 2020 Effective date: 26 March 2020 (23 days after RBA rate cut)

26 March 2020 New lowest advertised variable rate:

June rate cut: 25 basis points

25 basis points July rate cut: 15 basis points

basis points October rate cut: 15 basis points

15 basis points Other info:

Mortgage house interest rate cut

Rate cut : 25 basis points

: 25 basis points Applies to: Variable home loans for existing customers

Announcement date : 05 March 2020

: 05 March 2020 Effective date: 20 March 2020 (17 days after RBA rate cut)

20 March 2020 New lowest advertised variable rate: 2.79% p.a. (2.96% p.a. comp rate*), The Essentials Low Rate Home Loan

2.79% p.a. (2.96% p.a. comp rate*), The Essentials Low Rate Home Loan June rate cut: 10-70 basis points

10-70 basis points July rate cut: 15-50 basis points

basis points October rate cut: N/A

N/A Other info:

Move Bank interest rate cut

Rate cut : 25 basis points

: 25 basis points Applies to: Variable home loans for existing customers

Announcement date : 12 March 2020

: 12 March 2020 Effective date: 1 April 2020 (29 days after RBA rate cut)

New lowest advertised variable rate:

June rate cut: 25 basis points

25 basis points July rate cut: 20-30 basis points

October rate cut: 10-25 basis points

10-25 basis points Other info:

MyState interest rate cut

Rate cut : 25 basis points

: 25 basis points Applies to: New and existing home loans

New and existing home loans Announcement date : 04 March 2020

: 04 March 2020 Effective date: 31 March 2020 (28 days after RBA rate cut)

31 March 2020 (28 days after RBA rate cut) New lowest advertised variable rate:

June rate cut: 20 basis points

20 basis points July rate cut: 20 basis points

20 basis points October rate cut: 15 basis points

15 basis points Other info:

NAB interest rate cut

Rate cut : 25 basis points

: 25 basis points Applies to: Existing customers on variable rate home loans (owner-occupier and investor)

Existing customers on variable rate home loans (owner-occupier and investor) Announcement date : 03 March 2020

: 03 March 2020 Effective date: 13 March 2020 (10 days after RBA rate cut)

13 March 2020 New lowest advertised variable rate: 2.84% p.a (2.85% p.a. comp rate*), Base Rate Variable Special Offer <80%

2.84% p.a (2.85% p.a. comp rate*), Base Rate Variable Special Offer <80% June rate cut: 25 basis points

25 basis points July rate cut: 19 basis points

19 basis points October rate cut: 15-30 basis points

15-30 basis points Other info:

Newcastle Permanent interest rate cut

Rate cut : 25 basis points

: 25 basis points Applies to: All standard variable home loan interest rate customers

All standard variable home loan interest rate customers Announcement date : 03 March 2020

: 03 March 2020 Effective date: 24 March 2020 (21 days after RBA rate cut)

24 March 2020 New lowest advertised variable rate:

June rate cut: 25 basis points

25 basis points July rate cut: 25 basis points

25 basis points October rate cut: 13 basis points

13 basis points Other info:

P&N Bank interest rate cut

Rate cut : 25 basis points

: 25 basis points Applies to: Variable interest rate home loans for both new and existing owner-occupiers and investors.

Variable interest rate home loans for both new and existing owner-occupiers and investors. Announcement date : 05 March 2020

: 05 March 2020 Effective date: 20 March 2020 (17 days after RBA rate cut)

20 March 2020 New lowest advertised variable rate: 2.84% p.a. (2.84% p.a. comp rate*), & Basic Home Loan

2.84% p.a. (2.84% p.a. comp rate*), & Basic Home Loan June rate cut: 18-39 basis points

18-39 basis points July rate cut: Up to 18 basis points

Up to 18 basis points October rate cut: 16-25 basis points

16-25 basis points Other info:

People's Choice CU interest rate cut

Rate cut : 25 basis points

: 25 basis points Applies to: Standard variable home loan rates for existing members

Standard variable home loan rates for existing members Announcement date : 05 March 2020

: 05 March 2020 Effective date: 17 March 2020 (14 days after RBA rate cut)

17 March 2020 New lowest advertised variable rate: 2.69% p.a. (2.69% p.a. comp rate*) , Basic Variable New Business Home Loan

2.69% p.a. (2.69% p.a. comp rate*) Basic Variable New Business Home Loan June rate cut: 25 basis points

25 basis points July rate cut: 15 basis points

15 basis points October rate cut: 14-25 basis points

14-25 basis points Other info:

Pepper Money interest rate cut

Rate cut : Up to 25 basis points

: Up to 25 basis points Applies to: Standard variable home loan rates for existing members

Standard variable home loan rates for existing members Announcement date : 06 March 2020

: 06 March 2020 Effective date: 16 March 2020 (13 days after RBA rate cut)

16 March 2020 New lowest advertised variable rate: 3.08% p.a. (3.28% p.a. comp rate*), Pepper Essential

3.08% p.a. (3.28% p.a. comp rate*), Pepper Essential June rate cut: 25 basis points

25 basis points July rate cut: 20 basis points

basis points October rate cut: 15-24 basis points

Other info:

Police Bank interest rate cut

Rate cut : Up to 25 basis points

: Up to 25 basis points Applies to: All variable home loan rates for existing members

All variable home loan rates for existing members Announcement date : 12 March 2020

: 12 March 2020 Effective date: 1 April 2020 (29 days after RBA rate cut)

1 April 2020 New lowest advertised variable rate:

June rate cut: Not disclosed

Not disclosed July rate cut: 15 basis points

basis points October rate cut: Not disclosed

Not disclosed Other info:

Police Credit Union interest rate cut

Rate cut : 25 basis points

: 25 basis points Applies to: Select variable home loan rates

Select variable home loan rates Announcement date : 16 March 2020

: 16 March 2020 Effective date: 3 April 2020 (31 days after RBA rate cut)

3 April 2020 New lowest advertised variable rate:

June rate cut: 15-25 basis points

15-25 basis points July rate cut: 15 basis points

basis points October rate cut: 14 basis points

14 basis points Other info:

QBank interest rate cut

Rate cut : 18 basis points

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

Variable rate home loan products for owner occupiers and investors (existing) Announcement date : 13 March 2020

: 13 March 2020 Effective date: 27 March 2020 (24 days after RBA rate cut)

27 March 2020 (24 days after RBA rate cut) New lowest advertised variable rate: 2.83% p.a. (2.83% p.a. comp rate*) for OO P&I borrowers with up to 80% LVR

2.83% p.a. (2.83% p.a. comp rate*) for OO P&I borrowers with up to 80% LVR June rate cut: 18 basis points

18 basis points July rate cut: 20 basis points

basis points October rate cut: 15 basis points

15 basis points Other info:

Qudos Bank interest rate cut

Rate cut :25 basis points

:25 basis points Applies to: New and existing variable home loan customers

Announcement date : 05 March 2020

: 05 March 2020 Effective date: 23 March 2020 (20 days after RBA rate cut)

23 March 2020 (20 days after RBA rate cut) New lowest advertised variable rate:

June rate cut: 25 basis points

25 basis points July rate cut: 15 basis points

15 basis points October rate cut: 15 basis points

15 basis points Other info:

RACQ interest rate cut

Rate cut :17 basis points

:17 basis points Applies to: "Variable interest rate home loans"

Announcement date : 03 March 2020

: 03 March 2020 Effective date: Unconfirmed

Unconfirmed New lowest advertised variable rate:

June rate cut: 25 basis points

25 basis points July rate cut: 25 basis points

25 basis points October rate cut: 15 basis points

15 basis points Other info:

RAMS interest rate cut

Rate cut : 25 basis points

: 25 basis points Applies to: Existing customers on v ariable rate home loans (owner-occupier and investor)

Existing customers on v Announcement date : 03 March 2020

: 03 March 2020 Effective date: 17 March 2020 (14 days after RBA rate cut)

17 March 2020 (14 days after RBA rate cut) New lowest advertised variable rate: 2.74% p.a. (2.80% p.a. comp rate*), Essential Home Loan

2.74% p.a. (2.80% p.a. comp rate*), Essential Home Loan June rate cut: 20-35 basis points

20-35 basis points July rate cut: 20-30 basis points

20-30 basis points October rate cut: 15 basis points

15 basis points Other info:

Reduce Home Loans interest rate cut

Rate cut : Up to 25 basis points

: Up to 25 basis points Applies to: Variable rate home loans for new customers (OO and investor)

Variable rate home loans for new customers (OO and investor) Announcement date : 03 March 2020

: 03 March 2020 Effective date: 03 March 2020 (new customers only)

03 March 2020 (new customers only) New lowest advertised variable rate:

June rate cut: 25 basis points

25 basis points July rate cut: Up to 22 basis points

basis points October rate cut: Up to 20 basis points

Up to 20 basis points Other info: Rate cuts for existing customers yet to be confirmed

Resimac interest rate cut

Rate cut : 25 basis points

: 25 basis points Applies to: Variable rate home loans for existing customers (OO and investor)

Variable rate home loans for existing customers (OO and investor) Announcement date : 04 March 2020

: 04 March 2020 Effective date: 26 March 2020 (23 days after RBA rate cut)

26 March 2020 (23 days after RBA rate cut) New lowest advertised variable rate:

June rate cut: Not disclosed

Not disclosed July rate cut: 25 basis points

basis points October rate cut: 15 basis points

15 basis points Other info:

State Custodians interest rate cut

Rate cut : 25 basis points

: 25 basis points Applies to: Variable interest rates on most loans

Variable interest rates on most loans Announcement date : 06 March 2020

: 06 March 2020 Effective date: 26 March 2020 (23 days after RBA rate cut)

26 March 2020 (23 days after RBA rate cut) New lowest advertised variable rate:

July rate cut: 25 basis points

25 basis points October rate cut: 25 basis points

25 basis points Other info:

St George interest rate cut

Rate cut : 25 basis points

: 25 basis points Applies to: All variable rate home loans (owner-occupier and investor)

All Announcement date : 03 March 2020

: 03 March 2020 Effective date: 17 March 2020 (14 days after RBA rate cut)

17 March 2020 (14 days after RBA rate cut) New lowest advertised variable rate: 2.69% p.a. (2.71% p.a. comp rate*), Basic Home Loan

2.69% p.a. (2.71% p.a. comp rate*), Basic Home Loan June rate cut: 20-35 basis points

20-35 basis points July rate cut: 20-30 basis points

20-30 basis points October rate cut: 15 basis points

15 basis points Other info:

Suncorp interest rate cut

Rate cut : 25 basis points

: 25 basis points Applies to: Variable home loan customers

Variable home loan customers Announcement date : 03 March 2020

: 03 March 2020 Effective date: 20 March 2020 (17 days after RBA rate cut)

20 March 2020 (17 days after RBA rate cut) New lowest advertised variable rate: 2.78% p.a. (2.79% p.a. comp rate*), Back to Basics Home Loan

2.78% p.a. (2.79% p.a. comp rate*), Back to Basics Home Loan June rate cut: 20 basis points

20 basis points July rate cut: 19 basis points

19 basis points October rate cut: 15 basis points

15 basis points Other info:

Sydney Mutual Bank interest rate cut

Rate cut : 25 basis points

: 25 basis points Applies to: Variable rate home loan products (owner-occupied and residential investor, both new and existing borrowers

Variable rate home loan products (owner-occupied and residential investor, both new and existing borrowers Announcement date : 18 March 2020

: 18 March 2020 Effective date: 1 April 2020 (29 days after RBA rate cut)

1 April 2020 (29 days after RBA rate cut) New lowest advertised variable rate:

June rate cut: 20-25 basis points

20-25 basis points July rate cut: 20 basis points

basis points October rate cut: Tiered rate cut – not publicly disclosed

Tiered rate cut – not publicly disclosed Other info:

The Mutual Bank interest rate cut

Rate cut : 15 to 25 basis points

: 15 to 25 basis points Applies to: OO & investor home loan variable rates (25 bps) OO & investor home loan fixed rates (25 bps)

Announcement date : 04 March 2020

: 04 March 2020 Effective date: OO & investor variable home loans and commercial loans: 16 March 2020 (3 days after RBA rate cut) OO & investor home loan fixed rates: 04 March 2020 (1 day after RBA rate cut)

New lowest advertised variable rate:

June rate cut: 25 basis points

25 basis points July rate cut: 10-20 basis points

10-20 basis points October rate cut: 10-20 basis points

10-20 basis points Other info:

TicToc interest rate cut

Rate cut : 25 basis points

: 25 basis points Applies to: Variable rate home loan products

Variable rate home loan products Announcement date : 06 March 2020

: 06 March 2020 Effective date: 06 March 2020 (3 days after RBA rate cut)

06 March 2020 (3 days after RBA rate cut) New lowest advertised variable rate: 2.54% p.a. (2.55% p.a. comp rate*)

2.54% p.a. (2.55% p.a. comp rate*) June rate cut: 20 basis points

basis points July rate cut: 20 basis points

20 basis points October rate cut: 15 basis points

15 basis points Other info:

UBank interest rate cut

Rate cut : 25 basis points

: 25 basis points Applies to: All new and existing variable rate home loans (owner-occupier and investor)

All new and existing Announcement date : 03 March 2020

: 03 March 2020 Effective date: 03 April 2020 (31 days after RBA rate cut)

03 April 2020 (31 days after RBA rate cut) New lowest advertised variable rate:

June rate cut: 25 basis points

25 basis points July rate cut: 25 basis points

25 basis points October rate cut: 25 basis points

25 basis points Other info:

Virgin Money interest rate cut

Rate cut : 17-25 basis points

: 17-25 basis points OO P&I and IO loans by 17 basis points Investor P&I and IO loans by 25 basis points

Applies to: All standard variable rate home loans

All standard variable rate home loans Announcement date : 04 March 2020

: 04 March 2020 Effective date: 3 April 2020 (31 days after RBA rate cut)

3 April 2020 (31 days after RBA rate cut) New lowest advertised variable rate:

June rate cut: 25 basis points

25 basis points July rate cut: 15 basis points

basis points October rate cut: 10-25 basis points

10-25 basis points Other info:

Westpac interest rate cut

Rate cut : 25 basis points

: 25 basis points Applies to: Existing customers on v ariable rate home loans (owner-occupier and investor)

Existing customers on v Announcement date : 03 March 2020

: 03 March 2020 Effective date: 17 March 2020 (14 days after RBA rate cut)

17 March 2020 (14 days after RBA rate cut) New lowest advertised variable rate: 2.93% p.a. (2.94% p.a. comp rate*), Flexi First Option Home Loan

2.93% p.a. (2.94% p.a. comp rate*), Flexi First Option Home Loan June rate cut: 20-35 basis points

20-35 basis points July rate cut: 20-30 basis points

20-30 basis points October rate cut: 15 basis points

15 basis points Other info:

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.

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