The Reserve Bank of Australia (RBA) has lifted the cash rate by another 25 basis points, taking it to 4.35%. 

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

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

Keep checking this page for all the latest movement.

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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:

  • November 2023 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 17 November
  • Announcement date: 8 November

CommBank

CommBank interest rate rise:

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

NAB

NAB interest rate rise:

  • November 2023 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 17 November
  • Announcement date: 8 November

Westpac

Westpac interest rate rise:

  • November 2023 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 21 November
  • Announcement date: 8 November

Other lenders' home loan rate changes

AMP interest rate rise

Athena interest rate rise

Australian Military Bank interest rate rise (pending)

Australian Mutual Bank interest rate rise (pending)

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

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 (pending)

G&C Mutual interest rate rise

Gateway Bank interest rate rise (pending)

Great Southern Bank interest rate rise

Greater Bank interest rate rise

Heritage Bank interest rate rise

Homeloans.com.au interest rate rise (pending)

Homestar Finance interest rate rise

Horizon Bank interest rate rise

HSBC interest rate rise (pending)

Hume Bank interest rate rise (pending)

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 (pending)

People's Choice interest rate rise (pending)

Police Credit Union interest rate rise (pending)

QBank interest rate rise (pending)

Qudos Bank interest rate rise (pending)

RACQ Bank interest rate rise

RAMS interest rate rise

Reduce Home Loans interest rate rise (pending)

Resimac interest rate rise (pending)

St George interest rate rise

State Custodians interest rate rise (pending)

Suncorp Bank interest rate rise

Teachers Mutual Bank interest rate rise (pending)

The Mutual Bank interest rate rise (pending)

Tiimely (formerly Tictoc) interest rate rise

UBank interest rate rise

UniBank interest rate rise (pending)

Unloan 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

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

Athena interest rate rise

  • November 2023 rate rise: 25 basis points
  • Applies to: Variable-rate home loans
  • Effective date: 10 November
  • Announcement date: 9 November

Australian Unity interest rate rise

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

Auswide interest rate rise

  • November 2023 rate rise: 25 basis points for existing home loans and most new
  • Applies to: Variable rate home loans
  • Effective date: 14 November
  • Announcement date: 9 November

Bank Australia interest rate rise

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

Bank of Melbourne interest rate rise

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

Bank of Queensland (BOQ) interest rate rise

  • November 2023 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 10 November
  • Announcement date: 8 November

Bank of Sydney interest rate rise

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

BankSA interest rate rise

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

BankVic interest rate rise

  • November 2023 rate rise: 25 basis points
  • Applies to: Variable-rate home loans
  • Effective date: 28 November
  • Announcement date: 20 November

Bankwest interest rate rise

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

BCU interest rate rise

  • November 2023 rate rise: 30 basis points
  • Applies to: Variable-rate home loans
  • Effective date: 22 November
  • Announcement date: 20 November

Bendigo Bank interest rate rise

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

Beyond Bank interest rate rise

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

Credit Union SA interest rate rise

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

G&C Mutual interest rate rise

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

Great Southern Bank interest rate rise

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

Greater Bank interest rate rise

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

Heritage Bank interest rate rise

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

Homestar Finance interest rate rise

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

Horizon Bank interest rate rise

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

IMB Bank interest rate rise

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

ING interest rate rise

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

Loans.com.au interest rate rise

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

Macquarie Bank interest rate rise

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

ME Bank interest rate rise

  • November 2023 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 11 November
  • Announcement date: 8 November

MyState Bank interest rate rise

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

Newcastle Permanent interest rate rise

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

RACQ Bank interest rate rise

  • November 2023 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 21 November
  • Announcement date: 15 November

RAMS interest rate rise

  • November 2023 rate rise: 45 basis points
  • Applies to: Variable rate home loans
  • Effective date: 21 November
  • Announcement date: 13 November

    St George interest rate rise

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

    Suncorp Bank interest rate rise

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

    Tiimely interest rate rise

    • November 2023 rate rise: 25 basis points
    • Applies to: Variable rate home loans
    • Effective date: 24 November
    • Announcement date: 22 November

    UBank interest rate rise

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

    Virgin Money interest rate rise

    • November 2023 rate rise: 25 basis points
    • Applies to: Variable rate home loans
    • Effective date: 10 November
    • Announcement date: 8 November

    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:



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