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The Reserve Bank of Australia (RBA) has increased the cash rate by 0.25% basis points in May taking the official cash rate to a new high of 0.35%. It marks the first time since November 2010 that there has been a cash rate increase.

But don't wait for your bank to send you an email or a letter informing you if they’ve passed on the rate increase. Your Mortgage will provide regular updates on which lenders are passing on the rate increase to variable rate home loans, as they are announced.

Which lenders have passed on the RBA rate rise?

All interest rate increases listed below are for variable rates only and refer to lenders' responses to the RBA rate rise on May 3 2022.

This page was last updated 18 May 2022. P&I = Principal and Interest, IO = Interest Only, OO = Owner-occupier.

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Big 4

Banks

Non-bank lenders

ANZ rate rise

Rate hike: 25 basis points

Effective from: 13 May 2022

Applies to: Variable rate home loans

CommBank rate rise

Rate hike: 25 basis points

Effective from: 20 May 2022

Applies to: Variable rate home loans

NAB rate rise

Rate hike: 25 basis points

Effective from: 13 May 2022

Applies to: Variable rate home loans

Westpac rate rise

Rate hike: 25 basis points

Effective from: 17 May 2022

Applies to: Variable rate home loans


Adelaide Bank rate rise

Rate hike: 25 basis points

Effective from: 16 May 2022

Applies to: Variable rate home loans

AMP rate rise

Rate hike: 25 basis points

Effective from: 13 May

Applies to: Variable rate home loans

Athena rate rise

Rate hike: 25 basis points

Effective from: 5 May

Applies to: Variable rate home loans

Australian Military Bank rate rise

Rate hike: 25 basis points

Effective from: 20 May

Applies to: Variable rate home loans

Auswide rate rise

Rate hike: 25 basis points

Effective from: 17 May

Applies to: Variable rate home loans

Bank Australia rate rise

Rate hike: 25 basis points

Effective from: 25 May

Applies to: Variable rate home loans

Bank of Melbourne rate rise

Rate hike: 25 basis points

Effective from: 17 May

Applies to: Variable rate home loans

Bank of Queensland (BOQ) rate rise

Rate hike: 25 basis points

Effective from: 13 May

Applies to: Variable rate home loans

Bank of us rate rise

Rate hike: 25 basis points

Effective from: 1 June

Applies to: Variable rate home loans

BankSA rate rise 

Rate hike: 25 basis points

Effective from: 17 May

Applies to: Variable rate home loans

BankWest rate rise

Rate hike: 25 basis points

Effective from: 18 May

Applies to: Variable rate home loans

BCU rate rise

Rate hike: 15-25 basis points

Effective from: 1 June

Applies to: Variable rate home loans

Bendigo Bank rate rise

Rate hike: 25 basis points

Effective from: 16 May

Applies to: Variable rate home loans

Freedom Lend rate rise

Rate hike: 25 basis points

Effective from: 25 May

Applies to: Variable rate home loans

Greater Bank rate rise

Rate hike: 25 basis points

Effective from: 10 May

Applies to: Variable rate home loans

Great Southern Bank rate rise

Rate hike: 25 basis points

Effective from: 12 May

Applies to: Variable rate home loans

homeloans.com.au rate rise

Rate hike: 25 basis points

Effective from: 17 May

Applies to: Variable rate home loans

Horizon Bank rate rise

Rate hike: 25 basis points

Effective from: 4 May

Applies to: Variable rate home loans

HSBC rate rise

Rate hike: 25 basis points

Effective from: 23 May

Applies to: Variable rate home loans

Hume Bank rate rise

Rate hike: 25 basis points

Effective from: 25 May

Applies to: Variable rate home loans

IMB rate rise

Rate hike: 25 basis points

Effective from: 20 May

Applies to: Variable rate home loans

ING rate rise

Rate hike: 25 basis points

Effective from: 10 May

Applies to: Variable rate home loans

loans.com.au rate rise

Rate hike: 25 basis points

Effective from: 18 May

Applies to: Variable rate home loans

Macquarie Bank rate rise

Rate hike: 25 basis points

Effective from: 13 May

Applies to: Variable rate home loans

ME Bank rate rise

Rate hike: 25 basis points

Effective from: 13 May

Applies to: Variable rate home loans

MOVE Bank rate rise

Rate hike: 25 basis points

Effective from: 12 May

Applies to: Variable rate home loans

MyState Bank rate rise

Rate hike: 25 basis points

Effective from: 19 May

Applies to: Variable rate home loans

Nano rate rise

Rate hike: 25 basis points

Effective from: 19 May

Applies to: Variable rate home loans

Newcastle Permanent rate rise

Rate hike: 25 basis points

Effective from: 18 May

Applies to: Variable rate home loans

P&N Bank rate rise

Rate hike: 15-25 basis points

Effective from: 1 June

Applies to: Variable rate home loans

QBank rate rise

Rate hike: 25 basis points

Effective from: 20 May 2022

Applies to: Variable rate home loans

Qudos rate rise

Rate hike: 25 basis points

Effective from: 20 May 2022

Applies to: Variable rate home loans

RAMS rate rise

Rate hike: 25 basis points

Effective from: 17 May

Applies to: Variable rate home loans

RACQ rate rise

Rate hike: 25 basis points

Effective from: 17 May

Applies to: Variable rate home loans

Reduce Home Loans rate rise

Rate hike: 20 basis points

Effective from: 3 May

Applies to: Variable rate home loans

Resimac rate rise

Rate hike: 25 basis points

Effective from: 17 May

Applies to: Variable rate home loans

St George rate rise

Rate hike: 25 basis points

Effective from: 17 May

Applies to: Variable rate home loans

Suncorp rate rise

Rate hike: 25 basis points

Effective from: 18 May

Applies to: Variable rate home loans

Teachers Mutual Bank rate rise

Rate hike: 25 basis points

Effective from: 20 May

Applies to: Variable rate home loans

UniBank rate rise

Rate hike: 25 basis points

Effective from: 20 May

Applies to: Variable rate home loans

Virgin Money rate rise

Rate hike: 25 basis points

Effective from: 13 May

Applies to: Variable rate home loans

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