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
Australian Military Bank interest rate rise
Australian Unity 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)
BankVic interest rate rise (pending)
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 (pending)
Hume Bank interest rate rise (pending)
Loans.com.au interest rate rise
Macquarie 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)
People's Choice interest rate rise (pending)
Police Credit Union interest rate rise (pending)
QBank interest rate rise (pending)
Reduce Home Loans interest rate rise (pending)
State Custodians interest rate rise (pending)
Suncorp Bank interest rate rise
Sydney Mutual Bank interest rate rise (pending)
Teachers Mutual Bank interest rate rise (pending)
The Mutual Bank interest rate rise (pending)
UniBank interest rate rise (pending)
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
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
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
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
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
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
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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:
Lender | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Variable | More details | ||||||||||||
4.6 Star Customer RatingsIncludes Nov RBA Rate Increase | |||||||||||||
loans.com.au – Variable Home Loan (LVR < 90%) | |||||||||||||
Variable | More details | ||||||||||||
FEATUREDRefinance OnlyApply In Minutes | Unloan – Variable Rate Home Loan – Refinance Only
| ||||||||||||
Unloan – Variable Rate Home Loan – Refinance Only
| |||||||||||||
Variable | More details | ||||||||||||
Tiimely Home – Live-in Variable Loan Home Loan (Principal and Interest) (LVR < 90%) |

- Immediate cashback upon settlement
- $2000 for loans up to $700,000
- $4000 for loans over $700,000
To see how these rate movements compare with previous RBA rate changes, refer to our past rate change pages:
- February 2023 rate hike
- December 2022 rate hike
- November 2022 rate hike
- October 2022 rate hike
- September 2022 rate hike
- August 2022 rate hike
- July 2022 rate hike
- June 2022 rate hike
- May 2022 rate hike
- November 2020 rate cut
- 19 March 2020 rate cut
- 3 March 2020 rate cut
- October 2019 rate cut
- July 2019 rate cut
- June 2019 rate cut

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