The Reserve Bank of Australia (RBA) has hiked the cash rate by 25 basis points in May, pushing the official cash rate to a new high of 3.85%

But don't sit around waiting 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.

Buying a home or looking to refinance? The table below features home loans with some of the lowest interest rates on the market for owner occupiers.

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Filters
LenderHome LoanInterest Rate Comparison Rate* Monthly Repayment Repayment type Rate Type Offset Redraw Ongoing Fees Upfront Fees Max LVR Lump Sum Repayment Extra Repayments Split Loan Option TagsFeaturesLinkComparePromoted ProductDisclosure
5.29% p.a.
5.33% p.a.
$2,773
Principal & Interest
Variable
$0
$530
90%
  • Owner Occupier
  • Variable
  • Principal & Interest
  • 10% Min Deposit
  • Redraw
  • Extra Repayments
  • More details
  • Available for purchase or refinance, min 10% deposit needed to qualify.
  • No application, ongoing monthly or annual fees.
  • Dedicated loan specialist throughout the loan application.
 Disclosure
5.19% p.a.
5.10% p.a.
$2,742
Principal & Interest
Variable
$0
$0
80%
  • Built and funded by CommBank
  • Owner Occupier
  • Variable
  • Principal & Interest
  • 20% Min Deposit
  • Redraw
  • More details
  • A low-rate variable home loan from a 100% online lender.
  • Backed by the Commonwealth Bank.
 Disclosure
5.39% p.a.
5.43% p.a.
$2,805
Principal & Interest
Variable
$0
$530
90%
  • Owner Occupier
  • Variable
  • Principal & Interest
  • 10% Min Deposit
  • Offset
  • Redraw
  • Extra Repayments
  • More details
  • Available for purchase or refinance, min 10% deposit needed to qualify.
  • No application, ongoing monthly or annual fees.
  • Quick and easy online application process.
 Disclosure
Important Information and Comparison Rate Warning
Important Information and Comparison Rate Warning

Which lenders have passed on the May 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 2 May 2023.

This page is updated regularly.

Featured

Big 4 

Banks

Non-bank lenders

  • Athena interest rate rise
  • Aussie interest rate rise (pending)
  • Freedom Lend interest rate rise
  • Homeloans.com.au interest rate rise (pending)
  • Homestar Finance interest rate rise (pending)
  • La Trobe Financial interest rate rise (pending)
  • Liberty Financial interest rate rise (pending)
  • Mortgage House interest rate rise (pending)
  • Nano Digital Home Loans interest rate rise (pending)
  • Pepper Money interest rate rise (pending)
  • RAMS interest rate rise
  • Reduce Home Loans interest rate rise (pending)
  • Resimac interest rate rise (pending)
  • State Custodians interest rate rise (pending)
  • TicToc interest rate rise (pending)
  • Virgin Money interest rate rise

AMP

Rate Change: + 25bps

Date Effective: 05 May 2023

Athena

Rate Change: + 25bps

Date Effective: 04 May 2023

ANZ

Rate Change: + 25bps

Date Effective: 12 May 2023

Australian Military Bank

Rate Change: + 25bps

Date Effective: 16 May 2023

Auswide Bank

Rate Change: + 25bps

Date Effective: 11 May 2023

BankSA

Rate Change: + 25bps

Date Effective: 16 May 2023

Bankwest

Rate Change: + 25bps

Date Effective: 12 May 2023

Bank Australia

Rate Change: + 25bps

Date Effective: 17 May 2023

Bank of Melbourne

Rate Change: + 25bps

Date Effective: 16 May 2023

Bendigo Bank

Rate Change: + 25bps

Date Effective: 12 May 2023

BOQ

Rate Change: + 25bps

Date Effective: 09 May 2023

CommBank

Rate Change: + 25bps

Date Effective: 12 May 2023

Credit Union SA

Rate Change: + 25bps

Date Effective: 11 May 2023

Freedom Lend

Rate Change: + 25bps

Date Effective: 05 May 2023

Greater Bank

Rate Change: + 25bps

Date Effective: 11 May 2023

Great Southern Bank

Rate Change: + 25bps

Date Effective: 12 May 2023

ING

Rate Change: + 25bps

Date Effective: 09 May 2023

loans.com.au

Rate Change: + 25bps

Date Effective: 05 May 2023

Macquarie

Rate Change: + 25bps

Date Effective: 19 May 2023

ME Bank

Rate Change: + 25bps

Date Effective: 13 May 2023

MyState Bank

Rate Change: + 25bps

Date Effective: 15 May 2023

NAB

Rate Change: + 25bps

Date Effective: 12 May 2023

Newcastle Permanent

Rate Change: + 25bps

Date Effective: 12 May 2023

RAMS

Rate Change: + 25bps

Date Effective: 16 May 2023

Suncorp

Rate Change: + 25bps

Date Effective: 12 May 2023

St. George

Rate Change: + 25bps

Date Effective: 16 May 2023

Virgin Money

Rate Change: + 25bps

Date Effective: 09 May 2023

Westpac

Rate Change: + 25bps

Date Effective: 12 May 2023

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