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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

Lender

Variable
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LIMITED TIME OFFER
  • Fast turnaround times, can meet 30-day settlement
  • For purchase and refinance, min 20% deposit
  • No ongoing or monthly fees, add offset for 0.10%
LIMITED TIME OFFER

Smart Booster Home Loan Discounted Variable - 2yr (LVR < 80%)

  • Fast turnaround times, can meet 30-day settlement
  • For purchase and refinance, min 20% deposit
  • No ongoing or monthly fees, add offset for 0.10%
Variable
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ZERO APPLICATION FEESFEE FREE OFFSET
  • We lower your rate based off how much you’ve paid down your loan
  • Automatic rate match
  • No upfront or ongoing fees
ZERO APPLICATION FEESFEE FREE OFFSET

Owner Occupier Accelerates - Celebrate (LVR < 60%) (Principal and Interest)

  • We lower your rate based off how much you’ve paid down your loan
  • Automatic rate match
  • No upfront or ongoing fees
Variable
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100% FULL OFFSET ACCOUNTNO APPLICATION FEE OR ONGOING FEES
  • No upfront or ongoing fees
  • 100% full offset account
  • Extra repayments + redraw services
100% FULL OFFSET ACCOUNTNO APPLICATION FEE OR ONGOING FEES

Low Rate Home Loan - Prime (Principal and Interest) (Owner Occupied) (LVR < 60%)

  • No upfront or ongoing fees
  • 100% full offset account
  • Extra repayments + redraw services
Variable
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FREE REDRAW FACILITY
  • No application fee
  • Unlimited additional repayments
  • Unlimited free redraw
  • Optional 100% offset can be added for $120 p.a.^
  • Application completely online
FREE REDRAW FACILITY
Variable
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NO ONGOING FEES
NO ONGOING FEES
Variable
More details
UNLIMITED EXTRA REPAYMENTS
UNLIMITED EXTRA REPAYMENTS

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. All products will list the LVR with the product and rate which are clearly published on the Product Provider’s web site. 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 May 25, 2022.



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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