Home News Home loan rate changes after RBA's 0.25% rise: April 2023

Home loan rate changes after RBA's 0.25% rise: April 2023

Australia's cash rate has been raised for the eleventh time in a row - how will your home loan be affected? Keep up with the latest home loan rate rise announcements.

By Harry O'Sullivan

Updated on 09 Mar 2023 First published 07 Mar 2023

Fact Checked

Home loan rate changes after RBA's 0.25% rise: April 2023

The Reserve Bank of Australia (RBA) has lifted the cash rate by 25 basis points, taking it to 3.85%.

Savings.com.au will provide regular updates below of each lenders' announcements regarding passing on this April 2023 rate hike to variable rate home loans.

All rate changes below refer to lenders’ responses to the RBA’s rate hike on 4 April 2023.

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Key notes:

P&I = Principal and Interest, IO= Interest Only, OO=Owner-occupiers
Basis points explained: 1 basis point = 0.01%

Big-four home loan rate changes

ANZ

ANZ interest rate rise

April 2023 rate rise:
Applies to:
Effective date:
Announcement date:

CommBank

CommBank interest rate rise

April 2023 rate rise:
Applies to:
Effective date:
Announcement date:

NAB

NAB interest rate rise

April 2023 rate rise:
Applies to:
Effective date:
Announcement date:

Westpac

Westpac interest rate rise

April 2023 rate rise:
Applies to:
Effective date:
Announcement date:

Other lenders' home loan rate changes

86 400 interest rate rise (pending)

AMP interest rate rise (pending)

Athena interest rate rise (pending)

Australian Military Bank interest rate rise (pending)

Australian Unity interest rate rise (pending)

Auswide Bank interest rate rise (pending)

Bank Australia interest rate rise (pending)

Bank of Melbourne interest rate rise (pending)

Bank of Queensland (BOQ) interest rate rise (pending)

Bank of Sydney interest rate rise (pending)

Bankfirst interest rate rise (pending)

BankSA interest rate rise (pending)

BankVic interest rate rise (pending)

Bankwest interest rate rise (pending)

BCU interest rate rise (pending)

Bendigo Bank interest rate rise (pending)

Beyond Bank interest rate rise (pending)

Citi interest rate rise (pending)

Credit Union SA interest rate rise (pending)

Defence Bank interest rate rise (pending)

G&C Mutual Bank interest rate rise (pending)

Gateway Bank interest rate rise (pending)

Great Southern Bank interest rate rise (pending)

Greater Bank interest rate rise (pending)

Heritage Bank interest rate rise (pending)

Homeloans.com.au interest rate rise (pending)

Homestar Finance interest rate rise (pending)

Horizon Bank interest rate rise (pending)

HSBC interest rate rise (pending)

Hume Bank interest rate rise (pending)

IMB Bank interest rate rise (pending)

ING interest rate rise (pending)

Loans.com.au interest rate rise (pending)

Macquarie Bank interest rate rise (pending)

ME Bank interest rate rise (pending)

Mortgage House interest rate rise (pending)

MOVE Bank interest rate rise (pending)

MyState Bank interest rate rise (pending)

Newcastle Permanent interest rate rise (pending)

OneTwo Home Loans interest rate rise (pending)

P&N Bank interest rate rise (pending)

People's Choice interest rate rise (pending)

Police Credit Union interest rate rise (pending)

QBank interest rate rise (pending)

Qudos Bank interest rate rise (pending)

RACQ Bank interest rate rise (pending)

RAMS interest rate rise (pending)

Reduce Home Loans interest rate rise (pending)

Resimac interest rate rise (pending)

St George interest rate rise (pending)

State Custodians interest rate rise (pending)

Suncorp Bank interest rate rise (pending)

Sydney Mutual Bank interest rate rise (pending)

Teachers Mutual Bank interest rate rise (pending)

The Mutual Bank interest rate rise (pending)

Tic:Toc interest rate rise (pending)

Ubank interest rate rise (pending)

UniBank interest rate rise (pending)

Unloan interest rate rise (pending)

Virgin Money interest rate rise (pending)

Well home loans interest rate rise (pending)

Wlth interest rate rise (pending)

Yard interest rate rise (pending)

To see how these rate movements compare with previous RBA rate changes, refer to our past rate change pages:

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Harry O'Sullivan

Harry joined Savings in November 2022. With a degree in economics from the University of Queensland, Harry is interested in topics such as inflation and GDP, and is passionate about keeping Australians informed on the external factors that impact their personal finances.

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