The Reserve Bank of Australia (RBA) has lifted the cash rate by 25 basis points, taking it to 3.35%. 

Savings.com.au will provide regular updates below of each lenders' announcements regarding passing on this February 2023 rate hike to variable rate home loans.

All rate changes below refer to lenders’ responses to the RBA’s rate hike on 7 February 2023.  

Keep updated.

Subscribe for rate change alerts.

Select a Lender:
Subscribe

By subscribing you agree to our privacy policy

Key notes:

P&I = Principal and Interest, IO= Interest Only, OO=Owner-occupiers
Basis points explained: 1 basis point = 0.01%

Big-four home loan rate changes

ANZ

ANZ interest rate rise

  • February 2023 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 17 February 2023
  • Announcement date: 07 February 2023

CommBank

CommBank interest rate rise

  • February 2023 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 17 February 2023
  • Announcement date: 09 February 2023

NAB

NAB interest rate rise 

  • February 2023 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 17 February 2023
  • Announcement date: 07 February 2023

Westpac

Westpac interest rate rise

  • February 2023 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 21 February 2023
  • Announcement date: 09 February 2023

Other lenders' home loan rate changes

AMP interest rate rise

Athena interest rate rise

Australian Military Bank interest rate rise

Australian Unity interest rate rise

Auswide interest rate rise

Bank Australia interest rate rise

Bank of Melbourne interest rate rise

Bank of Queensland (BOQ) interest rate rise

Bank of Sydney interest rate rise

Bankfirst interest rate rise

BankSA interest rate rise

BankVic interest rate rise

Bankwest interest rate rise

BCU interest rate rise

Bendigo Bank interest rate rise

Beyond Bank interest rate rise

Citi interest rate rise (pending)

Credit Union SA interest rate rise

Defence Bank interest rate rise

G&C Mutual Bank interest rate rise

Gateway Bank interest rate rise

Great Southern Bank interest rate rise

Greater Bank interest rate rise

Heritage Bank interest rate rise

Homeloans.com.au interest rate rise

Homestar Finance interest rate rise (pending)

Horizon Bank interest rate rise

HSBC interest rate rise

Hume Bank interest rate rise

IMB Bank interest rate rise

ING interest rate rise

Loans.com.au interest rate rise

Macquarie Bank interest rate rise

ME Bank interest rate rise

Mortgage House interest rate rise (pending)

MOVE Bank interest rate rise (pending)

MyState Bank interest rate rise

Newcastle Permanent interest rate rise

OneTwo Home Loans interest rate rise (pending)

P&N Bank interest rate rise

People's Choice interest rate rise

Police Credit Union interest rate rise (pending)

QBank interest rate rise

Qudos Bank interest rate rise

RACQ Bank interest rate rise

RAMS interest rate rise (pending)

Reduce Home Loans interest rate rise (pending)

Resimac interest rate rise

St George interest rate rise

State Custodians interest rate rise

Suncorp Bank interest rate rise

Sydney Mutual Bank interest rate rise (pending)

Teachers Mutual Bank interest rate rise

The Mutual Bank interest rate rise

Tic:Toc interest rate rise

Ubank interest rate rise (pending)

UniBank interest rate rise

Unloan interest rate rise

Virgin Money interest rate rise

Well home loans interest rate rise (pending)

Wlth interest rate rise (pending)

Yard interest rate rise (pending)

AMP interest rate rise

  • February 2023 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 10 February 2023 for new customers and 13 February for existing customers
  • Announcement date: 10 February 2023

Athena interest rate rise

  • February 2023 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 15 February 2023
  • Announcement date: 15 February 2023

Australian Military Bank interest rate rise

  • February 2023 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 21 February 2023
  • Announcement date: 10 February 2023

Australian Unity interest rate rise

  • February 2023 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 16 February 2023
  • Announcement date: 15 February 2023

Auswide interest rate rise

  • February 2023 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 14 February 2023
  • Announcement date: 07 February 2023

Bank Australia interest rate rise

  • February 2023 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 23 February 2023
  • Announcement date: 16 February 2023

Bank of Melbourne interest rate rise

  • February 2023 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 21 February 2023
  • Announcement date: 09 February 2023

Bank of Queensland (BOQ) interest rate rise

  • February 2023 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 10 February 2023
  • Announcement date: 08 February 2023

Bank of Sydney interest rate rise

  • February 2023 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 16 February 2023
  • Announcement date: 15 February 2023

Bankfirst interest rate rise

  • February 2023 rate rise: 35 basis points
  • Applies to: Existing variable rate home loans
  • Effective date: 24 February 2023
  • Announcement date: 13 February 2023

BankSA interest rate rise

  • February 2023 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 21 February 2023
  • Announcement date: 09 February 2023

BankVic interest rate rise

  • February 2023 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 21 February 2023
  • Announcement date: 20 February 2023

Bankwest interest rate rise

  • February 2023 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 17 February 2023
  • Announcement date: 09 February 2023

BCU interest rate rise

  • February 2023 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 22 February 2023
  • Announcement date: 15 February 2023

Bendigo Bank interest rate rise

  • February 2023 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 17 February 2023
  • Announcement date: 10 February 2023

Beyond Bank interest rate rise

  • February 2023 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 21 February 2023
  • Announcement date: 16 February 2023

Credit Union SA interest rate rise

  • February 2023 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 14 February 2023
  • Announcement date: 08 February 2023

Defence Bank interest rate rise

  • February 2023 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 13 February 2023
  • Announcement date: 14 February 2023

G&C Mutual Bank interest rate rise

  • February 2023 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 20 March 2023
  • Announcement date: 15 February 2023

Gateway Bank interest rate rise

  • February 2023 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 21 February 2023
  • Announcement date: 21 February 2023

Great Southern Bank interest rate rise

  • February 2023 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 15 February 2023
  • Announcement date: 10 February 2023

Greater Bank interest rate rise

  • February 2023 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 15 February 2023
  • Announcement date: 13 February 2023

Heritage Bank interest rate rise

  • February 2023 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 22 February 2023
  • Announcement date: 16 February 2023

Homeloans.com.au interest rate rise

  • February 2023 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 17 February 2023
  • Announcement date: 17 February 2023

Horizon Bank interest rate rise

  • February 2023 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 08 February 2023
  • Announcement date: 08 February 2023

HSBC interest rate rise

  • February 2023 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 27 February 2023
  • Announcement date: 13 February 2023

Hume Bank interest rate rise

  • February 2023 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 21 February 2023
  • Announcement date: 20 February 2023

IMB Bank interest rate rise

  • February 2023 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 17 February 2023
  • Announcement date: 10 February 2023

ING interest rate rise

  • February 2023 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 14 February 2023
  • Announcement date: 09 February 2023

Loans.com.au interest rate rise

  • February 2023 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 10 February 2023
  • Announcement date: 10 February 2023

Macquarie Bank interest rate rise

  • February 2023 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 22 February 2023
  • Announcement date: 09 February 2023

ME Bank interest rate rise

  • February 2023 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 11 February 2023
  • Announcement date: 08 February 2023

MyState Bank interest rate rise

  • February 2023 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 20 February 2023
  • Announcement date: 09 February 2023

Newcastle Permanent interest rate rise

  • February 2023 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 17 February 2023
  • Announcement date: 10 February 2023

P&N Bank interest rate rise

  • February 2023 rate rise: 15 to 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 22 February 2023
  • Announcement date: 15 February 2023

People's Choice interest rate rise

  • February 2023 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 21 February 2023
  • Announcement date: 16 February 2023

QBank interest rate rise

  • February 2023 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 23 February 2023
  • Announcement date: 17 February 2023

Qudos Bank interest rate rise

  • February 2023 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 23 February 2023
  • Announcement date: 15 February 2023

RACQ Bank interest rate rise

  • February 2023 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 21 February 2023
  • Announcement date: 13 February 2023

Resimac interest rate rise

  • February 2023 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 17 February 2023
  • Announcement date: 17 February 2023

St George interest rate rise

  • February 2023 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 21 February 2023
  • Announcement date: 09 February 2023

State Custodians interest rate rise

  • February 2023 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 17 February 2023
  • Announcement date: 17 February 2023

Suncorp Bank interest rate rise

  • February 2023 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 17 February 2023
  • Announcement date: 08 February 2023

Teachers Mutual Bank interest rate rise

  • February 2023 rate rise: 25 to 45 basis points
  • Applies to: Variable rate home loans
  • Effective date: 24 February 2023
  • Announcement date: 24 February 2023

The Mutual Bank interest rate rise

  • February 2023 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 1 March 2023
  • Announcement date: 21 February 2023

Tic:Toc interest rate rise

  • February 2023 rate rise: 23-25 basis points
  • Applies to: Existing variable rate home loans (25bps) and new variable rate home loans (23bps)
  • Effective date: 24 February 2023
  • Announcement date: 16 February 2023

UniBank interest rate rise

  • February 2023 rate rise: 25 to 45 basis points
  • Applies to: Variable rate home loans
  • Effective date: 24 February 2023
  • Announcement date: 24 February 2023

Unloan interest rate rise

  • February 2023 rate rise: 30 basis points
  • Applies to: Variable rate home loans
  • Effective date: 24 February 2023
  • Announcement date: 22 February 2023

Virgin Money interest rate rise

  • February 2023 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 10 February 2023
  • Announcement date: 08 February 2023

Advertisement

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:

Update resultsUpdate
Filters
LenderHome LoanInterest Rate Comparison Rate* Monthly Repayment Repayment type Rate Type Offset Redraw Ongoing Fees Upfront Fees LVR Lump Sum Repayment Additional Repayments Split Loan Option TagsFeaturesLinkCompare
6.04% p.a.
6.06% p.a.
$2,408
Principal & Interest
Variable
$0
$530
90%
4.6 Star Customer Ratings
5.99% p.a.
5.90% p.a.
$2,396
Principal & Interest
Variable
$0
$0
80%
 Featured Apply In Minutes
  • 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.
5.94% p.a.
5.95% p.a.
$2,383
Principal & Interest
Variable
$0
$0
90%
No hidden feesFree redraw facility
  • Immediate cashback upon settlement
  • $2,000 for loans up to $700,000
  • $4,000 for loans over $700,000

More details
Important Information and Comparison Rate Warning

Base criteria of: a $400,000 loan amount, variable, fixed, principal and interest (P&I) home loans with an LVR (loan-to-value) ratio of at least 80%. However, the ‘Compare Home Loans’ table allows for calculations to be made on variables as selected and input by the user. Some products will be marked as promoted, featured or sponsored and may appear prominently in the tables regardless of their attributes. All products will list the LVR with the product and rate which are clearly published on the product provider’s website. Monthly repayments, once the base criteria are altered by the user, will be based on the selected products’ advertised rates and determined by the loan amount, repayment type, loan term and LVR as input by the user/you. *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. Rates correct as of . View disclaimer.

    To see how these rate movements compare with previous RBA rate changes, refer to our past rate change pages:



          Ready, Set, Buy!


          Learn everything you need to know about buying property – from choosing the right property and home loan, to the purchasing process, tips to save money and more!

          With bonus Q&A sheet and Crossword!

          Download Free
          By subscribing you agree to our privacy policy