In the last week, Aussie Home Loans cut rates on many of its home loans including loans for owner-occupiers and investors making principal and interest (P&I) or interest only repayments.

BCU raised rates slightly on several products, and cut others, while Newcastle Permanent cut rates slightly on some of its products.

Overall, the largest cuts were generally seen in the fixed interest-only category.

Owner-occupiers

Aussie Fixed

For fixed PI loans, Aussie has made the following changes:

  • Select Basic Fixed loans between two and three years, with LVRs over 80% saw a 10 basis point decrease to 2.89% p.a.  (3.56% p.a. - 3.50% p.a. comparison rate*)
  • Select Standard Fixed loans between two and three years also saw 10 basis point cuts to 2.89% p.a. (3.75% p.a. - 3.68% p.a. comparison rate*)
  • Select Basic Fixed for one year with LVRs over 80% saw a cut of 30 basis points to 3.39% p.a (3.68% p.a. comparison rate*)
  • Select Standard Fixed for one year also saw a 30 basis point cut to 3.39% p.a. (3.86% p.a. comparison rate*)
  • Select Basic Fixed for between four and five years with LVRs over 80% saw a 40 basis point cut to 3.59% p.a. (3.67% p.a. - 3.66% p.a. comparison rate*)
  • Select Standard Fixed for between four and five years also saw a 40 basis point cut to 3.59% p.a. (3.85% p.a. comparison rate*)

For fixed IO loans, Aussie has made the following changes:

  • Select Basic Fixed for between two and three years saw 35 basis point cuts to 3.59% p.a (3.60% p.a. comparison rate*)
  • Select Standard Fixed for between one and three years saw the same changes (3.79% p.a. comparison rate*).
  • Select Basic and Standard Fixed for between four and five years saw 40 basis point cuts to 3.69% p.a (3.82% - 3.83% p.a. comparison rate*)

Aussie Variable

For variable IO rates, Aussie has made the following changes 

  • Select Basic and Standard Variable rates for loans of 100-499k and 500k+ at 80% LVR saw cuts of 25 basis points to 3.59% p.a. (3.60% p.a. comparison rate*)

BCU 

BCU only made changes to its fixed home loans. 

For fixed PI loans, BCU made the following changes:

  • One year loans saw a 6 basis point rise to 2.85% p.a. (4.28% p.a. comparison rate*)
  • Three year loans saw a 9 basis point cut to 2.99% p.a. (4.06% p.a. comparison rate*)
  • Five year loans saw a 15 basis point cut to 3.39% p.a. (4.02% p.a. comparison rate*)

For fixed IO loans, BCU made the following changes:

  • One year loans saw a 6 basis point p.a. rise to 2.95% p.a. (4.29% p.a. comparison rate*)
  • Three year loans saw a 9 basis point cut to 3.09% p.a. (4.09% p.a. comparison rate*)
  • Five year loans saw a 15 basis point cut to 3.49% p.a. (4.06% p.a. comparison rate*)

Newcastle Permanent

Newcastle Permanent saw cuts to its fixed loans only:

  • Premium Package Residential Fixed IO and PI 5k+ for two years saw a 10 basis point cut to 2.79% p.a. (4.02% p.a. comparison rate*)
  • Residential Fixed IO and PI for two years saw a 10 basis point cut to 2.89% p.a. (4.25% p.a. comparison rate*)

Looking for a low variable rate home loan? The table below displays a selection of variable-rate home loans on offer, featuring a low-rate pick from each of the following three categories: the big four banks, the top 10 customer-owned banks, and the larger non-banks.

Update resultsUpdate
Filters
LenderHome LoanInterest Rate Comparison Rate* Monthly Repayment Repayment type Rate Type Offset Redraw Ongoing Fees Upfront Fees Max LVR Lump Sum Repayment Extra Repayments Split Loan Option TagsFeaturesLinkComparePromoted ProductDisclosure
5.94% p.a.
5.98% p.a.
$2,978
Principal & Interest
Variable
$0
$530
90%
  • Owner Occupier
  • Variable
  • Principal & Interest
  • 10% Min Deposit
  • Redraw
  • Extra Repayments
  • More details
  • Available for purchase or refinance, min 10% deposit needed to qualify.
  • No application, ongoing monthly or annual fees.
  • Dedicated loan specialist throughout the loan application.
 Disclosure
5.89% p.a.
5.80% p.a.
$2,962
Principal & Interest
Variable
$0
$0
80%
  • Built and funded by CommBank
  • Owner Occupier
  • Variable
  • Principal & Interest
  • 20% Min Deposit
  • Redraw
  • More details
  • No application or ongoing fees. Annual rate discount
  • Unlimited redraws & additional repayments. LVR <80%
  • A low-rate variable home loan from a 100% online lender. Backed by the Commonwealth Bank.
 Disclosure
5.99% p.a.
6.02% p.a.
$2,995
Principal & Interest
Fixed
$0
$0
60%
  • Owner Occupier
  • Fixed 3 Years
  • Principal & Interest
  • 40% Min Deposit
  • Redraw
  • More details
  • Competitive rates to help you save
  • A Dedicated Relationship Manager
  • Certainty of repayments with a fixed rate term
 Disclosure
5.93% p.a.
5.93% p.a.
$2,975
Principal & Interest
Variable
$0
$395
70%
  • Owner Occupier
  • Variable
  • Principal & Interest
  • 30% Min Deposit
  • Redraw
  • More details
 Disclosure
More home loans
Important Information and Comparison Rate Warning
Important Information and Comparison Rate Warning
Compare More Home Loans

Investors

Aussie Fixed

For fixed investor PI loans, Aussie made the following changes:

  • Select Standard and Basic Fixed for four or five years saw rates cut by 45 basis points to 3.69% p.a (3.70% p.a. comparison rate*)

For IO loans, Aussie made the following changes:

  • Select Standard and Basic Fixed for two years saw cuts of 40 basis points to 3.59% p.a (3.89% p.a. comparison rate*)
  • Select Standard and Basic Fixed for one year saw cuts of 40 basis points to 3.64% p.a (3.93% p.a. comparison rate*)
  • Select Standard and Basic Fixed for three years saw cuts of 35 basis points to 3.64% p.a. (3.88% p.a. comparison rate*)
  • Select Standard and Basic Fixed for four or five years saw cuts of 40 basis points to 3.94% p.a. (4.13% p.a. comparison rate*)

Aussie Variable

For variable PI loans, Aussie made the following changes:

  • Select Standard and Basic 100-499k and 500k+ 70% LVR saw cuts of 40 basis points to 3.39% p.a. (3.40% p.a. comparison rate*)
  • Select Standard and Basic 100-499k and 500k+ 80% LVR saw cuts of 40 basis points to 3.49% p.a. (3.50% p.a. comparison rate*)

For variable IO loans, Aussie made the following changes:

  • Select Standard 100-499k and 500k+ 80% LVR saw cuts of 40 basis points to 3.84% p.a (4.03% p.a. comparison rate*)
  • Select Standard and Basic 100-499k and 500k+ 90% LVR saw cuts of 25 basis points to 4.09% p.a (4.28% p.a. comparison rate*)

BCU

BCU investment loans only saw cuts in the fixed sector.

For PI loans, BCU made the following changes:

  • One year loans saw a cut of 32 basis points to 2.98% p.a. (4.44% p.a. comparison rate*)
  • Three year loans saw a cut of 21 basis points to 3.12% p.a. (4.21% p.a. comparison rate*)
  • Five year loans saw a cut of 27 basis points to 3.52% p.a. (4.17% p.a. comparison rate*)

For IO loans, BCU made the following changes:

  • One year loans saw a cut of 40 basis points to 3.00% p.a. (4.44% p.a. comparison rate*)
  • Three year loans saw a cut of 40 basis points to 3.14% p.a. (4.22% p.a. comparison rate*)
  • Five year loans saw a cut of 35 basis points to 3.54% p.a. (4.18% p.a. comparison rate*)

Newcastle Permanent

Newcastle Permanent investment PI and IO loans saw the following changes to its fixed products only:

  • Investment Fixed fixed for two years saw a 12 basis point cut to 3.27% p.a. (4.59% p.a. comparison rate*)
  • Premium Plus Package fixed for two years 5k+ saw a 12 basis point cut to 3.17% p.a. (4.36% p.a. comparison rate*)