Aussie today raised interest rates by as much as 45 basis points on its fixed mortgages, while also cutting rates by up to 35 basis points for investors. 

These changes follow a number of major lenders including Westpac and UBank also increasing rates on fixed products this week. 

Aussie has made a large range of changes to its products, which have been broken up into owner-occupier (OO) variable and fixed rate changes, and investor variable and fixed rate changes.

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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LenderHome LoanInterest 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 TagsFeaturesLinkComparePromoted ProductDisclosure
6.04% p.a.
6.08% p.a.
$3,011
Principal & Interest
Variable
$0
$530
90%
4.6 Star Customer Ratings
  • 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
5.99% p.a.
5.90% p.a.
$2,995
Principal & Interest
Variable
$0
$0
80%
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.
 Disclosure
6.09% p.a.
6.11% p.a.
$3,027
Principal & Interest
Variable
$0
$250
60%
  • No annual fees – None!
  • Get fast pre-approval
  • Unlimited additional repayments free of charge
 Disclosure
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.

Important Information and Comparison Rate Warning

Aussie Home Loans OO variable rate changes 

Aussie today decreased rates on its Select Basic Variable home loan for borrowers making Principal and Interest (P&I) and Interest Only (IO) repayments by up to 35 basis points, for those with an Loan to Value Ratio (LVR) of less than 80%: 

  • Select Basis Variable P&I ≤60%: 16 basis point cut to 2.39% p.a. (2.41% p.a. comparison rate*)
  • Select Basis Variable P&I 60-70%: 16 basis point cut to 2.39% p.a. (2.41% p.a. comparison rate*)
  • Select Basis Variable P&I 70-80%: 16 basis point cut to 2.39% p.a (2.41% p.a. comparison rate*)

Aussie Home Loans OO fixed rate changes 

Aussie made sweeping changes to its fixed rate products, dropping rates by as much as 10 basis points and hiking rates by up to 45 basis points.

Cuts: 

  • Select Basic Fixed PI 2 yrs ≤60%: 10 basis point cut to 1.89% p.a. (2.32% p.a. comparison rate*)
  • Select Basic Fixed PI 2 yrs 60-70%: 10 basis point cut to 1.89% p.a. (2.32% p.a. comparison rate*)

Increases: 

  • Select Basic Fixed PI 5 yrs ≤60-80%: 20 basis point increase to 2.49% p.a. (2.45% p.a. comparison rate*)
  • Select Basic Fixed PI 4 yrs 80-90%: 25 basis point increase to 2.44% p.a. (2.93% p.a. comparison rate*)
  • Select Basic Fixed PI 5 yrs 80-90%: 30 basis point increase to 2.59% p.a. (2.94% p.a. comparison rate*)
  • Select Basic Fixed PI 2 yrs 90-95%: 20 basis point increase to 2.19% p.a. (3.24% p.a. comparison rate*)
  • Select Basic Fixed PI 4 yrs 90-95%: 45 basis point increase to 2.64% p.a. (3.19% p.a. comparison rate*)
  • Select Basic Fixed PI 5 yrs 90-95%: 45 basis point increase to 2.64% p.a. (3.18% p.a. comparison rate*)

Aussie Home Loans Investor variable rate changes 

Aussie dropped rates on some of its investor variable rates by as much 35 basis points: 

  • Inv Select Basic Variable IO ≤60-70%: 35 basis point cut to 3.14% p.a. (3.15% p.a. comparison rate*)
  • Inv Select Basic Variable IO 70-80%: 35 basis point cut to 3.24% p.a. (3.25% p.a. comparison rate*)
  • Inv Select Basic Variable PI ≤60-80%: 20 basis point cut to 2.79% p.a. (2.81% p.a. comparison rate*)

Aussie Home Loans Investor fixed rate changes 

Aussie dropped rates on one investor fixed rate loan by 10 basis points: 

  • Inv Select Basic Fixed PI 2 yrs ≤60-80%: 10 basis point cut to 2.69% p.a. (2.79% p.a. comparison rate*)

Photo by Mitchell Luo on Unsplash



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