The Reserve Bank of Australia (RBA) has cut the cash rate by 15 basis points in November taking it to a new record low of 0.10%.
Savings.com.au will provide regular updates below of which lenders are announcing they are passing on this November 2020 rate cut to variable-rate home loans.
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 Home Loan Interest Rate Comparison Rate* Monthly Repayment Repayment type Rate Type Offset Redraw Ongoing Fees Upfront Fees Max LVR Lump Sum Repayment Additional Repayments Split Loan Option Tags Features Link Compare Promoted Product Disclosure
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SIGN UPWhich banks will cut variable interest rates?
All cuts below refer to lenders’ responses to the RBA’s rate cut on November 3 2020. To see how these rate cuts compare with previous rate cuts, check out our June, July, October, March 3, and emergency March rate cut pages.
Last updated: 03/11/2020.
Key notes:
- P&I = Principal and Interest, IO= Interest Only, OO=Owner-occupiers
- Basis points explained: 1 basis point = 0.01%
- New lowest advertised variable rates: Excludes introductory & honeymoon rates and package rates. Rates are correct at the time of the last update to this page. Lowest rates will only be listed if they are currently available and new (i.e. the rate became that lender’s lowest rate after some or all of the RBA’s November cash rate cut were passed on).
Australian Military Bank interest rate cut
Australian Unity interest rate cut
Auswide Bank interest rate cut
Bank Australia interest rate cut
Bank of Melbourne interest rate cut
Bank of Queensland (BOQ) interest rate cut
Bendigo Bank interest rate cut
Commonwealth Bank interest rate cut
Credit Union SA interest rate cut
Defence Bank interest rate cut
Freedom Lend interest rate cut
G&C Mutual Bank interest rate cut
Gateway Bank interest rate cut
Greater Bank interest rate cut
Heritage Bank interest rate cut
Homeloans.com.au interest rate cut
Homestar Finance interest rate cut
Horizon Bank interest rate cut
Hunter United interest rate cut
Loans.com.au interest rate cut - Click to view the latest rates
Macquarie Bank interest rate cut
Mortgage House interest rate cut
MyState Bank interest rate cut
Newcastle Permanent interest rate cut
People's Choice CU interest rate cut
Police Credit Union interest rate cut
Reduce Home Loans interest rate cut
State Custodians interest rate cut
Sydney Mutual Bank interest rate cut
Teachers Mutual Bank interest rate cut
The Mutual Bank interest rate cut
Virgin Money interest rate cut
Stay up to date with the latest rate changes
SIGN UP86 400 interest rate cut
- November rate cut: 10 basis points
- Applies to: All variable rates
- Announcement date: 6 November
- Effective date: 11 November
- Other info: 86 400 is also making cuts to fixed rate home loans
AMP interest rate cut
- November rate cut: 0 basis points*
- Announcement date: 6 November
- June 2019 rate cut: 25 basis points
- July 2019 rate cut: 20 basis points
- October 2019 rate cut: 15 basis points
- March 2020 rate cut: 25-64 basis points
- March 2020 emergency rate cut: 0 basis points
- Other info: *AMP has not cut variable home loan rates, but has introduced new lower fixed rates
ANZ interest rate cut
- November rate cut: 0 basis points*
- Announcement date: 4 November
- June 2019 rate cut: 18 basis points
- July 2019 rate cut: 25 basis points
- October 2019 rate cut: 14-25 basis points
- March 2020 rate cut: 25 basis points
- March 2020 emergency rate cut: 15 basis points
- Other info: *ANZ has not announced cuts to variable home loan rates. It has only introduced new lower fixed rates
Athena interest rate cut
- November rate cut: 15 basis points
- Applies to: All variable rate home loans (new and existing, owner-occupier and investor)
- Announcement date: 03 November 2020
- Effective date: 03 November 2020
- New lowest advertised variable rate: 2.19% p.a. (2.19% p.a. comp rate*) for OO P&I borrowers with up to 60% LVR
- June 2019 rate cut: 25 basis points
- July 2019 rate cut: 25 basis points
- October 2019 rate cut: 25 basis points
- March 2020 rate cut: 25 basis points
- March 2020 emergency rate cut: 0 basis points
Australian Military Bank interest rate cut
- November rate cut: 0-57 basis points
- Applies to: New OO construction loans*
- Announcement date: 04 November
- Effective date: 24 November
- June 2019 rate cut: 25 basis points
- July 2019 rate cut: 14 basis points
- October 2019 rate cut: 20 basis points
- March 2020 rate cut: 25 basis points
- March 2020 emergency rate cut: 0 basis points
- Other info: *Australian Military Bank has not cut variable home loan rates for existing customers, but has introduced a new lower variable OO construction home loan rate and lower fixed rates.
Australian Unity interest rate cut
- November rate cut: 0 basis points*
- Announcement date: 11 November
- June 2019 rate cut: 15-18 basis points
- July 2019 rate cut: 15 basis points
- October 2019 rate cut: 11 basis points
- March 2020 rate cut: 25 basis points
- March 2020 emergency rate cut: 0 basis points
- Other info: *Australian Unity has not cut variable home loan rates, but has introduced new lower fixed rates
Auswide Bank interest rate cut
- November rate cut: 0-35 basis points
- Applies to: Selected home loans*:
- New basic variable home loans on 75% LVR or less (35 points)
- New Freedom Package OO P&I variable-rate home loans on 75% LVR or less (10 points)
- Existing RBA Rate Tracker home loans (15 points)
- Announcement date: 10 November
- Effective date: 11 November
- June 2019 rate cut: 15-25 basis points
- July 2019 rate cut: 10-25 basis points
- October 2019 rate cut: 10-25 basis points
- March 2020 rate cut: 25 basis points
- March 2020 emergency rate cut: 0-25 basis points
- Other info: *Auswide Bank has not announced cuts to other variable home loan rates, but has introduced new lower fixed rates
Bank Australia interest rate cut
- November rate cut: 0 basis points*
- Announcement date: 11 November
- June 2019 rate cut: 25 basis points
- July 2019 rate cut: 16 basis points
- October 2019 rate cut: 10 basis points
- March 2020 rate cut: 25 basis points
- March 2020 emergency rate cut: 0 basis points
- Other info: *Bank Australia has not cut variable home loan rates, but has introduced new lower fixed rates
Bank of Melbourne interest rate cut
- November rate cut: 0 basis points*
- Announcement date: 4 November
- June 2019 rate cut: 20-35 basis points
- July 2019 rate cut: 20-30 basis points
- October 2019 rate cut: 15 basis points
- March 2020 rate cut: 25 basis points
- March 2020 emergency rate cut: 0 basis points
- Other info: *Bank of Melbourne has not cut variable home loan rates, but has introduced new lower fixed rates
Bank of Queensland (BOQ) interest rate cut
- November rate cut: 0 basis points*
- Announcement date: 10 November
- June 2019 rate cut: 25 basis points
- July 2019 rate cut: 15 basis points
- October 2019 rate cut: 10-25 basis points
- March 2020 rate cut: 17-25 basis points
- March 2020 emergency rate cut: 0 basis points
- Other info: *BOQ has not announced cuts to variable home loan rates, but has introduced new lower fixed rates
BankFirst interest rate cut
- November rate cut: 0-5 basis points
- Applies to: Selected older variable home loans no longer on offer (5 basis points)
- Announcement date: 18 November
- Effective date: 1 December
- June 2019 rate cut: 7-30 basis points
- July 2019 rate cut: 13-25 basis points
- October 2019 rate cut: 20-25 basis points
- March 2020 rate cut: 25 basis points
- March 2020 emergency rate cut: n/a
- Other info: Bankfirst has also introduced new lower fixed rates
BankSA interest rate cut
- November rate cut: 0 basis points*
- Announcement date: 4 November
- June 2019 rate cut: 20-35 basis points
- July 2019 rate cut: 20-30 basis points
- October 2019 rate cut: 15 basis points
- March 2020 rate cut: 25 basis points
- March 2020 emergency rate cut: 0 basis points
- Other info: *BankSA has not cut variable home loan rates, but has introduced new lower fixed rates
BankVic interest rate cut
- November rate cut: 0 basis points*
- Announcement date: 10 November
- June 2019 rate cut: 25 basis points
- July 2019 rate cut: 15 basis points
- October 2019 rate cut: 10-25 basis points
- March 2020 rate cut: 25 basis points
- March 2020 emergency rate cut: 0 basis points
- Other info: *BankVic has not announced cuts to variable home loan rates, but will introduce new lower fixed rates
Bankwest interest rate cut
- November rate cut: 0 basis points*
- Announcement date: 6 November
- June 2019 rate cut: 25 basis points
- July 2019 rate cut: 19 basis points
- October 2019 rate cut: 13-25 basis points
- March 2020 rate cut: 25 basis points
- March 2020 emergency rate cut: 0 basis points
- Other info: *Bankwest has not cut variable home loan rates, but has introduced new lower fixed rates
BCU interest rate cut
- November rate cut: 0-10 basis points*
- Applies to: OMG variable home loan interest rate for new and existing owner-occupiers
- Announcement date: 13 November
- Effective date: 3 December
- June 2019 rate cut: 25 basis points
- July 2019 rate cut: 20-25 basis points
- October 2019 rate cut: 15-25 basis points
- March 2020 rate cut: 25 basis points
- March 2020 emergency rate cut: 0 basis points
- Other info: *Other variable interest rates unchanged, but BCU has introduced new lower fixed rates
Bendigo Bank interest rate cut
- November rate cut: 0 basis points*
- Announcement date: 6 November
- June 2019 rate cut: 15-20 basis points
- July 2019 rate cut: 15-20 basis points
- October 2019 rate cut: 15 basis points
- March 2020 rate cut: 25 basis points
- March 2020 emergency rate cut: 0 basis points
- Other info: *Bendigo Bank has not cut variable home loan rates, but has introduced new lower fixed rates
Beyond Bank interest rate cut
- November rate cut: 0 basis points*
- Announcement date: 24 November
- June 2019 rate cut: 15-25 basis points
- July 2019 rate cut: 17 basis points
- October 2019 rate cut: 14 basis points
- March 2020 rate cut: 25 basis points
- March 2020 emergency rate cut: 0 basis points
- Other info: *Beyond Bank has not announced cuts to variable home loan rates, but has introduced new lower fixed rates
Citi interest rate cut
- November rate cut: 0 basis points*
- Announcement date: 4 November
- June 2019 rate cut: 25 basis points
- July 2019 rate cut: 18 basis points
- October 2019 rate cut: 15 basis points
- March 2020 rate cut: 25 basis points
- March 2020 emergency rate cut: 0 basis points
- Other info: *Citi has not cut variable home loan rates, but will reduce fixed rates
Commonwealth Bank interest rate cut
- November rate cut: 0 basis points*
- Announcement date: 4 November
- June 2019 rate cut: 25 basis points
- July 2019 rate cut: 19-25 basis points
- October 2019 rate cut: 13-25 basis points
- March 2020 rate cut: 25 basis points
- March 2020 emergency rate cut: 0 basis points
- Other info: *Commonwealth Bank has not cut variable home loan rates, but has introduced new lower fixed rates
Credit Union SA interest rate cut
- November rate cut: 0 basis points*
- Announcement date: 11 November
- June 2019 rate cut: 20 basis points
- July 2019 rate cut: 20 basis points
- October 2019 rate cut: 4-26 basis points
- March 2020 rate cut: 25 basis points
- March 2020 emergency rate cut: 0 basis points
- Other info: *Credit Union SA has not cut variable home loan rates, but is introducing new lower fixed rates
CUA interest rate cut
- November rate cut: 0 basis points*
- Announcement date: 6 November
- June 2019 rate cut: 10-25 basis points
- July 2019 rate cut: 17 basis points
- October 2019 rate cut: 13 basis points
- March 2020 rate cut: 25 basis points
- March 2020 emergency rate cut: 0 basis points
- Other info: *CUA has not cut variable home loan rates, but has introduced new lower fixed rates
Defence Bank interest rate cut
- November rate cut: 0 basis points*
- Announcement date: 11 November
- June 2019 rate cut: 25 basis points
- July 2019 rate cut: 19 basis points
- October 2019 rate cut: 15 basis points
- March 2020 rate cut: 25 basis points
- March 2020 emergency rate cut: 0 basis points
- Other info: *Defence Bank has not cut variable home loan rates (aside from new investor interest only loans), but has introduced new lower fixed rates
Freedom Lend interest rate cut
- November rate cut: 0-20 basis points
- Applies to: Select home loans for new customers*
- Announcement date: 03 November 2020
- Effective date: 03 November 2020
- New lowest advertised variable rate: 1.97% p.a. (1.97% p.a. comp rate*) for OO P&I borrowers with up to 70% LVR
- October 2019 rate cut: 25 basis points
- March 2020 rate cut: 25 basis points
- Other info: *Rate cuts for existing customers yet to be confirmed
G&C Mutual Bank interest rate cut
- November rate cut: 0-56 basis points*
- Applies to: Momentum Home Loan Refinance Offers Only (56 basis points)
- Announcement date: 18 November
- Effective date: 18 November 2020
- New lowest advertised variable rate: 1.99% p.a. (2.01% p.a. comp rate*) for OO P&I borrowers with up to 60% LVR
- June 2019 rate cut: 10-40 basis points
- July 2019 rate cut: 10-20 basis points
- October 2019 rate cut: 15-50 basis points
- March 2020 rate cut: 25 basis points
- March 2020 emergency rate cut: 0 basis points
- Other info: *G&C Mutual Bank has not cut variable home loan rates, but has introduced new lower fixed rates
Gateway Bank interest rate cut
- November rate cut: 5 basis points
- Applies to: All new and existing OO P&I variable rate home loans
- Announcement date: 13 November
- Effective date: 13 November
- June 2019 rate cut: 25 basis points
- July 2019 rate cut: 15-25 basis points
- October 2019 rate cut: 14 basis points
- March 2020 rate cut: 25 basis points
- March 2020 emergency rate cut: 0 basis points
- Other info: Gateway Bank has also cut fixed rates by up to 30 basis points
Greater Bank interest rate cut
- November rate cut: 0 basis points*
- Announcement date: 13 November
- June 2019 rate cut: 25 basis points
- July 2019 rate cut: 20 basis points
- October 2019 rate cut: 9-20 basis points
- March 2020 rate cut: 25 basis points
- March 2020 emergency rate cut: 0 basis points
- Other info: *Greater Bank has not cut variable home loan rates, but has introduced new lower fixed rates
Heritage Bank interest rate cut
- November rate cut: 0 basis points*
- Announcement date: 13 November
- June 2019 rate cut: 20 basis points
- July 2019 rate cut: 15 basis points
- October 2019 rate cut: 15 basis points
- March 2020 rate cut: 20 basis points
- March 2020 emergency rate cut: 0 basis points
- Other info: *Heritage Bank has not cut variable rates on existing home loans, but has introduced new lower fixed rates and will lower rates on new Home Advantage variable rate loans by between 4 and 14 basis points.
Homeloans.com.au interest rate cut
- November rate cut: 15 basis points
- Applies to: All new and existing variable rate customers
- Announcement date: 03 November 2020
- Effective date: 03 November 2020
- New lowest advertised variable rate: 2.14% p.a. (2.16% p.a. comp rate*) for OO P&I borrowers with up to 60% LVR
Homestar Finance interest rate cut
- November rate cut: 15 basis points
- Applies to: Variable rate home loans
- Announcement date: 06 November 2020
- Effective date: 21 December 2020 (existing borrowers)
- June 2019 rate cut: 25 basis points
- July 2019 rate cut: 25 basis points
- October 2019 rate cut: 25 basis points
- March 2020 rate cut: 25 basis points
- March 2020 emergency rate cut: 10 basis points
Horizon Bank interest rate cut
- November rate cut: 0 basis points*
- Announcement date: 13 November
- June 2019 rate cut: 25 basis points
- July 2019 rate cut: 20 basis points
- October 2019 rate cut: n/a
- March 2020 rate cut: n/a
- March 2020 emergency rate cut: n/a
- Other info: *Horizon Bank has not cut variable home loan rates, but has introduced new lower fixed rates
HSBC interest rate cut
- November rate cut: 0 basis points*
- Announcement date: 6 November
- June 2019 rate cut: 22 basis points
- July 2019 rate cut: 20 basis points
- October 2019 rate cut: 15-20 basis points
- March 2020 rate cut: 25 basis points
- March 2020 emergency rate cut: 0 basis points
- Other info: *HSBC has not cut variable home loan rates, but has introduced new lower fixed rates
Hume Bank interest rate cut
- November rate cut: 0 basis points*
- Announcement date: 11 November
- June 2019 rate cut: 10-20 basis points
- July 2019 rate cut: 10-15 basis points
- October 2019 rate cut: 10-15 basis points
- March 2020 rate cut: 20 basis points
- March 2020 emergency rate cut: 0 basis points
- Other info: *Hume Bank has not cut existing variable home loan rates, but will introduce lower rates on new fixed and variable rate home loans from 16 November
Hunter United interest rate cut
- November rate cut: 0 basis points*
- Announcement date: 13 November
- June 2019 rate cut: 25-41 basis points
- July 2019 rate cut: 5-20 basis points
- October 2019 rate cut: Up to 20 basis points
- March 2020 rate cut: 15 basis points
- March 2020 emergency rate cut: 15 basis points
- Other info: *Hunter United has not cut existing variable home loan rates, but has introduced new lower fixed rates
IMB Bank interest rate cut
- November rate cut: 0 basis points*
- Announcement date: 9 November
- June 2019 rate cut: 25 basis points
- July 2019 rate cut: 18 basis points
- October 2019 rate cut: 13 basis points
- March 2020 rate cut: 25 basis points
- March 2020 emergency rate cut: 0 basis points
- Other info: *IMB has not cut variable home loan rates, but has introduced new lower fixed rates
ING interest rate cut
- November rate cut: 0 basis points*
- Announcement date: 9 November
- June 2019 rate cut: 25 basis points
- July 2019 rate cut: 20 basis points
- October 2019 rate cut: 15 basis points
- March 2020 rate cut: 25 basis points
- March 2020 emergency rate cut: 0 basis points
- Other info: *ING has not cut variable home loan rates, but has introduced a new lower fixed rate
Loans.com.au interest rate cut
- November rate cut: 0 basis points*
- Announcement date: 9 November
- June 2019 rate cut: 20 basis points
- July 2019 rate cut: 25 basis points
- October 2019 rate cut: 15 basis points
- March 2020 rate cut: 25 basis points
- March 2020 emergency rate cut: 0 basis points
- Other info: *Loans.com.au has not announced cuts to variable home loan rates, but has introduced new lower fixed rates
Macquarie Bank interest rate cut
- November rate cut: 0 basis points*
- Announcement date: 4 November
- June 2019 rate cut: 25 basis points
- July 2019 rate cut: 20 basis points
- October 2019 rate cut: 15 basis points
- March 2020 rate cut: 25 basis points
- March 2020 emergency rate cut: 0 basis points
- Other info: *Macquarie Bank has not cut variable home loan rates, but has introduced new lower fixed rates
Mortgage House interest rate cut
- November rate cut: 0-15 basis points
- Applies to: Select variable rate home loans for new customers*
- Announcement date: 9 November
- Effective date: 09 November
- June 2019 rate cut: 10-70 basis points
- July 2019 rate cut: 15-50 basis points
- October 2019 rate cut: n/a
- March 2020 rate cut: 25 basis points
- March 2020 emergency rate cut: n/a
- Other info: *Rate cuts for existing customers yet to be confirmed
MOVE Bank interest rate cut
- November rate cut: 15 basis points
- Applies to: All new and existing variable OO home loans + Straightforward Investment Loan
- Announcement date: 18 November
- Effective date: 1 December (existing loans), 19 November (new loans)
- June 2019 rate cut: 25 basis points
- July 2019 rate cut: 20-30 basis points
- October 2019 rate cut: 10-25 basis points
- March 2020 rate cut: 25 basis points
- March 2020 emergency rate cut: Up to 25 basis points
ME Bank interest rate cut
- November rate cut: 15 basis points
- Applies to: All existing variable rate home loan customers
- Announcement date: 05 November 2020
- Effective date: 26 November 2020
- New lowest advertised variable rate:
- June 2019 rate cut: 25 basis points
- July 2019 rate cut: 15 basis points
- October 2019 rate cut: 15 basis points
- March 2020 rate cut: 25 basis points
- March 2020 emergency rate cut: 0 basis points
MyState Bank interest rate cut
- November rate cut: 0-20 basis points*
- Applies to: New variable rate home loans
- Announcement date: 06 November 2020
- Effective date: 26 November 2020
- New lowest advertised variable rate:
- June 2019 rate cut: 25 basis points
- July 2019 rate cut: 15 basis points
- October 2019 rate cut: 15 basis points
- March 2020 rate cut: 25 basis points
- March 2020 emergency rate cut: 0 basis points
- Other info: *Variable rate cuts for existing customers have not been confirmed, but MyState has introduced new lower fixed rates
NAB interest rate cut
- November rate cut: 0 basis points*
- Announcement date: 4 November
- June 2019 rate cut: 25 basis points
- July 2019 rate cut: 19 basis points
- October 2019 rate cut: 15-30 basis points
- March 2020 rate cut: 25 basis points
- March 2020 emergency rate cut: 0 basis points
- Other info: *NAB has not cut variable home loan rates, but has introduced new lower fixed rates
Newcastle Permanent interest rate cut
- November rate cut: 0 basis points*
- Announcement date: 6 November
- June 2019 rate cut: 18-39 basis points
- July 2019 rate cut: 18 basis points
- October 2019 rate cut: 13 basis points
- March 2020 rate cut: 25 basis points
- March 2020 emergency rate cut: 0 basis points
- Other info: *Newcastle Permanent has not cut variable home loan rates, but has introduced new lower fixed rates
P&N Bank interest rate cut
- November rate cut: Up to 10 basis points
- Applies to: New and existing variable home loans
- Announcement date: 6 November
- Effective date: 20 November
- June 2019 rate cut: 18-39 basis points
- July 2019 rate cut: 18 basis points
- October 2019 rate cut: 16-25 basis points
- March 2020 rate cut: 25 basis points
- March 2020 emergency rate cut: 0 basis points
People's Choice CU interest rate cut
- November rate cut: 0 basis points*
- Announcement date: 10 November
- June 2019 rate cut: 25 basis points
- July 2019 rate cut: 15 basis points
- October 2019 rate cut: 14-25 basis points
- March 2020 rate cut: 25 basis points
- March 2020 emergency rate cut: 0 basis points
- Other info: *People's Choice has not announced cuts to variable rate home loans, but has introduced new lower fixed rates
Police Credit Union interest rate cut
- November rate cut: 0 basis points*
- Announcement date: 23 November
- June 2019 rate cut: 15-25 basis points
- July 2019 rate cut: 15 basis points
- October 2019 rate cut: 14 basis points
- March 2020 rate cut: 25 basis points
- March 2020 emergency rate cut: 0 basis points
- Other info: *Police Credit Union is not cutting existing variable rate home loans, but has reduced rates on new OO and Investor home loans
QBank interest rate cut
- November rate cut: 0 basis points*
- Announcement date: 18 November
- June 2019 rate cut: 18 basis points
- July 2019 rate cut: 20 basis points
- October 2019 rate cut: 15 basis points
- March 2020 rate cut: 18 basis points
- March 2020 emergency rate cut: 0 basis points
- Other info: *QBank has not announced cuts to variable rate home loans, but has introduced new lower fixed rates
Qudos Bank interest rate cut
- November rate cut: 0 basis points*
- Announcement date: 11 November
- June 2019 rate cut: 25 basis points
- July 2019 rate cut: 15 basis points
- October 2019 rate cut: 15 basis points
- March 2020 rate cut: 25 basis points
- March 2020 emergency rate cut: 10 basis points
- Other info: *Qudos Bank is not cutting existing variable home loan rates, but will introduce lower variable rates on new home loan applications from 17 November
RACQ interest rate cut
- November rate cut: 0 basis points*
- Announcement date: 4 November
- June 2019 rate cut: 25 basis points
- July 2019 rate cut: 25 basis points
- October 2019 rate cut: 15 basis points
- March 2020 rate cut: 17 basis points
- March 2020 emergency rate cut: 0 basis points
- Other info: *RACQ has not announced cuts to variable rate home loans, but has introduced new lower fixed rates
RAMS interest rate cut
- November rate cut: 0 basis points*
- Announcement date: 4 November
- June 2019 rate cut: 20-35 basis points
- July 2019 rate cut: 20-30 basis points
- October 2019 rate cut: 15 basis points
- March 2020 rate cut: 25 basis points
- March 2020 emergency rate cut: 0 basis points
- Other info: *RAMS has not cut variable home loan rates, but has introduced new lower fixed rates
Reduce Home Loans interest rate cut
- November rate cut: 0-20 basis points
- Applies to: Select home loans for new customers*
- Announcement date: 03 November
- Effective date: 03 November
- New lowest advertised variable rate: 1.77% p.a. (1.83% p.a. comp rate*) for OO P&I borrowers with up to 60% LVR
- June 2019 rate cut: 25 basis points
- July 2019 rate cut: Up to 22 basis points
- October 2019 rate cut: Up to 20 basis points
- March 2020 rate cut: 25 basis points
- March 2020 emergency rate cut: 0-25 basis points
- Other info: *Rate cuts for existing customers yet to be confirmed
Resimac interest rate cut
- November rate cut: 0 basis points*
- Announcement date: 9 November
- June 2019 rate cut: Not disclosed
- July 2019 rate cut: 25 basis points
- October 2019 rate cut: 15 basis points
- March 2020 rate cut: 25 basis points
- March 2020 emergency rate cut: 0 basis points
- Other info: *Resimac has not cut variable home loan rates, but has introduced new lower fixed rates
State Custodians interest rate cut
- November rate cut: 0 basis points*
- Announcement date: 9 November
- July 2019 rate cut: 25 basis points
- October 2019 rate cut: 25 basis points
- March 2020 rate cut: 25 basis points
- March 2020 emergency rate cut: 0 basis points
- Other info: *State Custodians has not announced cuts to variable rate home loans, but has introduced new lower fixed rates
St George interest rate cut
- November rate cut: 0 basis points*
- Announcement date: 4 November
- June 2019 rate cut: 20-35 basis points
- July 2019 rate cut: 20-30 basis points
- October 2019 rate cut: 15 basis points
- March 2020 rate cut: 25 basis points
- March 2020 emergency rate cut: 0 basis points
- Other info: *St George has not cut variable home loan rates, but has introduced new lower fixed rates
Suncorp interest rate cut
- November rate cut: 0 basis points*
- Announcement date: 5 November
- June 2019 rate cut: 20 basis points
- July 2019 rate cut: 19 basis points
- October 2019 rate cut: 15 basis points
- March 2020 rate cut: 25 basis points
- March 2020 emergency rate cut: 0 basis points
- Other info: *Suncorp has not cut variable home loan rates, but has introduced a new lower fixed rate
Sydney Mutual Bank interest rate cut
- November rate cut: 0 basis points*
- Announcement date: 16 November
- June 2019 rate cut: 20-25 basis points
- July 2019 rate cut: 20 basis points
- October 2019 rate cut: n/a
- March 2020 rate cut: 25 basis points
- March 2020 emergency rate cut: n/a
- Other info: *Sydney Mutual Bank has not cut variable home loan rates, but has introduced new lower fixed rates
Teachers Mutual Bank interest rate cut
- November rate cut: 0 basis points*
- Announcement date: 23 November
- June 2019 rate cut: 25 basis points
- July 2019 rate cut: 25 basis points
- October 2019 rate cut: 13-25 basis points
- March 2020 rate cut: n/a
- March 2020 emergency rate cut: n/a
- Other info: *Teachers Mutual Bank has not cut variable home loan rates, but has introduced new lower fixed rates
The Mutual Bank interest rate cut
- November rate cut: 0 basis points*
- Announcement date: 16 November
- June 2019 rate cut: 25 basis points
- July 2019 rate cut: 10-20 basis points
- October 2019 rate cut: 10-20 basis points
- March 2020 rate cut: 15-25 basis points
- March 2020 emergency rate cut: 0 basis points
- Other info: *The Mutual Bank has not cut variable home loan rates, but has introduced new lower fixed rates
TicToc interest rate cut
- November rate cut: 0 basis points*
- Announcement date: 6 November
- June 2019 rate cut: 20 basis points
- July 2019 rate cut: 20 basis points
- October 2019 rate cut: 15 basis points
- March 2020 rate cut: 25 basis points
- March 2020 emergency rate cut: 0 basis points
- Other info: *TicToc has not cut variable home loan rates
UBank interest rate cut
- November rate cut: 15 basis points
- Applies to: All new and existing UBank customers with variable rate home loans
- Announcement date: 6 November
- Effective date: 29 November
- June 2019 rate cut: 25 basis points
- July 2019 rate cut: 25 basis points
- October 2019 rate cut: 25 basis points
- March 2020 rate cut: 25 basis points
- March 2020 emergency rate cut: 0 basis points
- Other info:
UniBank interest rate cut
- November rate cut: 0 basis points*
- Announcement date: 23 November
- June 2019 rate cut: 25 basis points
- July 2019 rate cut: 25 basis points
- October 2019 rate cut: 13-25 basis points
- March 2020 rate cut: n/a
- March 2020 emergency rate cut: n/a
- Other info: *Uni Bank has not cut variable home loan rates, but has introduced new lower fixed rates
Virgin Money interest rate cut
- November rate cut: 0 basis points*
- Announcement date: 10 November
- June 2019 rate cut: 25 basis points
- July 2019 rate cut: 15 basis points
- October 2019 rate cut: 10-25 basis points
- March 2020 rate cut: 17-25 basis points
- March 2020 emergency rate cut: 0 basis points
- Other info: *Virgin Money has not cut variable home loan rates yet, but has introduced new lower fixed rates and will introduce lower variable rates on new home loans from 13 November
Westpac interest rate cut
- November rate cut: 0 basis points*
- Announcement date: 4 November
- June 2019 rate cut: 20-35 basis points
- July 2019 rate cut: 20-30 basis points
- October 2019 rate cut: 15 basis points
- March 2020 rate cut: 25 basis points
- March 2020 emergency rate cut: 0 basis points
- Other info: *Westpac has not cut variable home loan rates, but has introduced new lower fixed rates
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