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

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

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

By Hanan Dervisevic

Published on 27 Feb 2023

Fact Checked

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

The Reserve Bank of Australia (RBA) has lifted the cash rate by 25 basis points, taking it to 3.35%.

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

All rate changes below refer to lenders’ responses to the RBA’s rate hike on 7 February 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

February 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 17 February 2023
Announcement date: 07 February 2023

CommBank

CommBank interest rate rise

February 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 17 February 2023
Announcement date: 09 February 2023

NAB

NAB interest rate rise

February 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 17 February 2023
Announcement date: 07 February 2023

Westpac

Westpac interest rate rise

February 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 21 February 2023
Announcement date: 09 February 2023

Other lenders' home loan rate changes

AMP interest rate rise

Athena interest rate rise

Australian Military Bank interest rate rise

Australian Unity interest rate rise

Auswide interest rate rise

Bank Australia interest rate rise

Bank of Melbourne interest rate rise

Bank of Queensland (BOQ) interest rate rise

Bank of Sydney interest rate rise

Bankfirst interest rate rise

BankSA interest rate rise

BankVic interest rate rise

Bankwest interest rate rise

BCU interest rate rise

Bendigo Bank interest rate rise

Beyond Bank interest rate rise

Citi interest rate rise (pending)

Credit Union SA interest rate rise

Defence Bank interest rate rise

G&C Mutual Bank interest rate rise

Gateway Bank interest rate rise

Great Southern Bank interest rate rise

Greater Bank interest rate rise

Heritage Bank interest rate rise

Homeloans.com.au interest rate rise

Homestar Finance interest rate rise (pending)

Horizon Bank interest rate rise

HSBC interest rate rise

Hume Bank interest rate rise

IMB Bank interest rate rise

ING interest rate rise

Loans.com.au interest rate rise

Macquarie Bank interest rate rise

ME Bank interest rate rise

Mortgage House interest rate rise (pending)

MOVE Bank interest rate rise (pending)

MyState Bank interest rate rise

Newcastle Permanent interest rate rise

OneTwo Home Loans interest rate rise (pending)

P&N Bank interest rate rise

People's Choice interest rate rise

Police Credit Union interest rate rise (pending)

QBank interest rate rise

Qudos Bank interest rate rise

RACQ Bank interest rate rise

RAMS interest rate rise (pending)

Reduce Home Loans interest rate rise (pending)

Resimac interest rate rise

St George interest rate rise

State Custodians interest rate rise

Suncorp Bank interest rate rise

Sydney Mutual Bank interest rate rise (pending)

Teachers Mutual Bank interest rate rise

The Mutual Bank interest rate rise

Tic:Toc interest rate rise

Ubank interest rate rise (pending)

UniBank interest rate rise

Unloan interest rate rise

Virgin Money interest rate rise

Well home loans interest rate rise (pending)

Wlth interest rate rise (pending)

Yard interest rate rise (pending)

AMP interest rate rise

February 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 10 February 2023 for new customers and 13 February for existing customers
Announcement date: 10 February 2023

Athena interest rate rise

February 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 15 February 2023
Announcement date: 15 February 2023

Australian Military Bank interest rate rise

February 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 21 February 2023
Announcement date: 10 February 2023

Australian Unity interest rate rise

February 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 16 February 2023
Announcement date: 15 February 2023

Auswide interest rate rise

February 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 14 February 2023
Announcement date: 07 February 2023

Bank Australia interest rate rise

February 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 23 February 2023
Announcement date: 16 February 2023

Bank of Melbourne interest rate rise

February 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 21 February 2023
Announcement date: 09 February 2023

Bank of Queensland (BOQ) interest rate rise

February 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 10 February 2023
Announcement date: 08 February 2023

Bank of Sydney interest rate rise

February 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 16 February 2023
Announcement date: 15 February 2023

Bankfirst interest rate rise

February 2023 rate rise: 35 basis points
Applies to: Existing variable rate home loans
Effective date: 24 February 2023
Announcement date: 13 February 2023

BankSA interest rate rise

February 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 21 February 2023
Announcement date: 09 February 2023

BankVic interest rate rise

February 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 21 February 2023
Announcement date: 20 February 2023

Bankwest interest rate rise

February 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 17 February 2023
Announcement date: 09 February 2023

BCU interest rate rise

February 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 22 February 2023
Announcement date: 15 February 2023

Bendigo Bank interest rate rise

February 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 17 February 2023
Announcement date: 10 February 2023

Beyond Bank interest rate rise

February 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 21 February 2023
Announcement date: 16 February 2023

Credit Union SA interest rate rise

February 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 14 February 2023
Announcement date: 08 February 2023

Defence Bank interest rate rise

February 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 13 February 2023
Announcement date: 14 February 2023

G&C Mutual Bank interest rate rise

February 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 20 March 2023
Announcement date: 15 February 2023

Gateway Bank interest rate rise

February 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 21 February 2023
Announcement date: 21 February 2023

Great Southern Bank interest rate rise

February 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 15 February 2023
Announcement date: 10 February 2023

Greater Bank interest rate rise

February 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 15 February 2023
Announcement date: 13 February 2023

Heritage Bank interest rate rise

February 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 22 February 2023
Announcement date: 16 February 2023

Homeloans.com.au interest rate rise

February 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 17 February 2023
Announcement date: 17 February 2023

Horizon Bank interest rate rise

February 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 08 February 2023
Announcement date: 08 February 2023

HSBC interest rate rise

February 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 27 February 2023
Announcement date: 13 February 2023

Hume Bank interest rate rise

February 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 21 February 2023
Announcement date: 20 February 2023

IMB Bank interest rate rise

February 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 17 February 2023
Announcement date: 10 February 2023

ING interest rate rise

February 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 14 February 2023
Announcement date: 09 February 2023

Loans.com.au interest rate rise

February 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 10 February 2023
Announcement date: 10 February 2023

Macquarie Bank interest rate rise

February 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 22 February 2023
Announcement date: 09 February 2023

ME Bank interest rate rise

February 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 11 February 2023
Announcement date: 08 February 2023

MyState Bank interest rate rise

February 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 20 February 2023
Announcement date: 09 February 2023

Newcastle Permanent interest rate rise

February 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 17 February 2023
Announcement date: 10 February 2023

P&N Bank interest rate rise

February 2023 rate rise: 15 to 25 basis points
Applies to: Variable rate home loans
Effective date: 22 February 2023
Announcement date: 15 February 2023

People's Choice interest rate rise

February 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 21 February 2023
Announcement date: 16 February 2023

QBank interest rate rise

February 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 23 February 2023
Announcement date: 17 February 2023

Qudos Bank interest rate rise

February 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 23 February 2023
Announcement date: 15 February 2023

RACQ Bank interest rate rise

February 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 21 February 2023
Announcement date: 13 February 2023

Resimac interest rate rise

February 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 17 February 2023
Announcement date: 17 February 2023

St George interest rate rise

February 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 21 February 2023
Announcement date: 09 February 2023

State Custodians interest rate rise

February 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 17 February 2023
Announcement date: 17 February 2023

Suncorp Bank interest rate rise

February 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 17 February 2023
Announcement date: 08 February 2023

Teachers Mutual Bank interest rate rise

February 2023 rate rise: 25 to 45 basis points
Applies to: Variable rate home loans
Effective date: 24 February 2023
Announcement date: 24 February 2023

The Mutual Bank interest rate rise

February 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 1 March 2023
Announcement date: 21 February 2023

Tic:Toc interest rate rise

February 2023 rate rise: 23-25 basis points
Applies to: Existing variable rate home loans (25bps) and new variable rate home loans (23bps)
Effective date: 24 February 2023
Announcement date: 16 February 2023

UniBank interest rate rise

February 2023 rate rise: 25 to 45 basis points
Applies to: Variable rate home loans
Effective date: 24 February 2023
Announcement date: 24 February 2023

Unloan interest rate rise

February 2023 rate rise: 30 basis points
Applies to: Variable rate home loans
Effective date: 24 February 2023
Announcement date: 22 February 2023

Virgin Money interest rate rise

February 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 10 February 2023
Announcement date: 08 February 2023

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

First published on February 2023

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Hanan Dervisevic

Hanan joined Savings.com.au in 2022 as a finance journalist. With a keen interest in home loans, property investing, and money saving tactics, she is passionate about educating young Australians, like herself, on all things finance.

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

Keep updated.

Big-four home loan rate changes

ANZ

ANZ interest rate rise

CommBank

CommBank interest rate rise

NAB

NAB interest rate rise

Westpac

Westpac interest rate rise

Other lenders' home loan rate changes

AMP interest rate rise

Athena interest rate rise

Australian Military Bank interest rate rise

Australian Unity interest rate rise

Auswide interest rate rise

Bank Australia interest rate rise

Bank of Melbourne interest rate rise

Bank of Queensland (BOQ) interest rate rise

Bank of Sydney interest rate rise

Bankfirst interest rate rise

BankSA interest rate rise

BankVic interest rate rise

Bankwest interest rate rise

BCU interest rate rise

Bendigo Bank interest rate rise

Beyond Bank interest rate rise

Credit Union SA interest rate rise

Defence Bank interest rate rise

G&C Mutual Bank interest rate rise

Gateway Bank interest rate rise

Great Southern Bank interest rate rise

Greater Bank interest rate rise

Heritage Bank interest rate rise

Homeloans.com.au interest rate rise

Horizon Bank interest rate rise

HSBC interest rate rise

Hume Bank interest rate rise

IMB Bank interest rate rise

ING interest rate rise

Loans.com.au interest rate rise

Macquarie Bank interest rate rise

ME Bank interest rate rise

MyState Bank interest rate rise

Newcastle Permanent interest rate rise

P&N Bank interest rate rise

People's Choice interest rate rise

QBank interest rate rise

Qudos Bank interest rate rise

RACQ Bank interest rate rise

Resimac interest rate rise

St George interest rate rise

State Custodians interest rate rise

Suncorp Bank interest rate rise

Teachers Mutual Bank interest rate rise

The Mutual Bank interest rate rise

Tic:Toc interest rate rise

UniBank interest rate rise

Unloan interest rate rise

Virgin Money interest rate rise

Ready, Set, Buy!

Hanan Dervisevic

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Important information

Editorial Integrity

Advertiser Disclosure

Product Coverage and Sort Order

Comparison Rate Warning and Base Criteria

Monthly Repayment Figures