Home News Home loan rate changes after RBA's 0.25% rise: March 2023

Home loan rate changes after RBA's 0.25% rise: March 2023

Australia's cash rate has been raised for the tenth time in a row - how will your home loan be affected? Keep up with the latest home loan rate rise announcements.

By Harry O'Sullivan

Published on 09 Mar 2023

Fact Checked

Home loan rate changes after RBA's 0.25% rise: March 2023

The Reserve Bank of Australia (RBA) has lifted the cash rate by 25 basis points, taking it to 3.60%.

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

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

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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:

March 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 17th March
Announcement date: 9th March

CommBank

CommBank interest rate rise:

March 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 17th March
Announcement date: 9th March

NAB

NAB interest rate rise

March 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 17th March
Announcement date: 9th March

Westpac

Westpac interest rate rise:

March 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 21st March
Announcement date: 9th March

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 (pending)

BankSA interest rate rise

BankVic interest rate rise

Bankwest interest rate rise

BCU interest rate rise (pending)

Bendigo Bank interest rate rise

Beyond Bank interest rate rise (pending)

Citi interest rate rise (pending)

Credit Union SA interest rate rise

Defence Bank interest rate rise (pending)

G&C Mutual Bank interest rate rise (pending)

Gateway Bank interest rate rise (pending)

Great Southern Bank interest rate rise

Greater Bank interest rate rise

Heritage Bank interest rate rise (pending)

Homeloans.com.au interest rate rise (pending)

Homestar Finance interest rate rise (pending)

Horizon Bank interest rate rise (pending)

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 (pending)

Police Credit Union interest rate rise (pending)

QBank interest rate rise

Qudos Bank interest rate rise

RACQ Bank interest rate rise

Rams Bank interest rate rise

Reduce Home Loans interest rate rise (pending)

Resimac interest rate rise

St George interest rate rise

State Custodians interest rate rise (pending)

Suncorp Bank interest rate rise

Sydney Mutual Bank interest rate rise (pending)

Teachers Mutual Bank interest rate rise

The Mutual Bank interest rate rise (pending)

Tic:Toc interest rate rise

UBank interest rate rise

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

March 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 10th March for new customers, 13th March for existing customers
Announcement date: 9th March

Athena interest rate rise

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

Australian Military Bank interest rate rise

March 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 23rd March
Announcement date: 15th March

Australian Unity interest rate rise

March 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 16th March
Announcement date: 10th March

Auswide interest rate rise

March 2023 rate rise: 25 basis points for existing customers, between 25 and 30 for new customers
Applies to: Variable rate home loans
Effective date: 16th March
Announcement date: 9th March

Bank Australia interest rate rise

March 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 23rd March
Announcement date: 10th March

Bank of Melbourne interest rate rise

March 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 21st March
Announcement date: 9th March

Bank of Queensland (BOQ) interest rate rise

March 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 14th March
Announcement date: 9th March

Bank of Sydney interest rate rise

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

BankSA interest rate rise

March 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 21st March
Announcement date: 9th March

Bankwest interest rate rise

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

BankVic interest rate rise

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

Bendigo Bank interest rate rise

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

Credit Union SA interest rate rise

March 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 16th March
Announcement date: 10th March

Greater Bank interest rate rise

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

Great Southern Bank interest rate rise

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

HSBC interest rate rise

March 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 27th March
Announcement date: 10th March

Hume Bank interest rate rise

March 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 23rd March
Announcement date: 23rd March

IMB Bank interest rate rise

March 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 21st March
Announcement date: 14th March

ING interest rate rise

March 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 14th March
Announcement date: 10th March

Loans.com.au interest rate rise

March 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 10th March
Announcement date: 9th March

Macquarie Bank interest rate rise

March 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 22nd March
Announcement date: 9th March

ME Bank interest rate rise

March 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 22nd March
Announcement date: 9th March

MyState Bank interest rate rise

March 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 20th March
Announcement date: 9th March

Newcastle Permanent interest rate rise

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

P&N Bank interest rate rise

March 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 22nd March
Announcement date: 15th March

QBank interest rate rise

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

Qudos Bank interest rate rise

March 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 23rd March
Announcement date: 15th March

RACQ Bank interest rate rise

March 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 16th March
Announcement date: 10th March

Rams Bank interest rate rise

March 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 21st March
Announcement date: 14th March

Resimac interest rate rise

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

Suncorp Bank interest rate rise

March 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 17th March
Announcement date: 9th March

St George interest rate rise

March 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 21st March
Announcement date: 9th March

Teachers Mutual Bank interest rate rise

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

Tic:Toc interest rate rise

March 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 24th March
Announcement date: 16th March

UniBank interest rate rise

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

Unloan interest rate rise

March 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 30th March
Announcement date: 27th March

Virgin Money interest rate rise

March 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 14th March
Announcement date: 10th March

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

First published on March 2023

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Harry O'Sullivan

Harry joined Infochoice Group in November 2022 as a financial journalist. He's fascinated by economics, having completed a Bachelors Degree in 2021, and enjoys helping other people try to make sense of the financial system.

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