Interest Rate Increases May 2022- On Tuesday 3rd May 2022, the Reserve Bank of Australia announced the first increase to the  Australian cash rate in over 11 years. See how each lender is responding with increases to home loan rates.

 

See which lenders have passed on home loan interest rate increases

We will keep this table updated as each lender announces their response to the cash rate increase over the coming days.

Lender Variable Rate Increase Effective Date  
Adelaide Bank 0.25% 23-May  
AMP 0.25% 13-May  
ANZ 0.25% 13-May  
Auswide 0.25% 17-May  
Bankfirst 0.25% 01-June  
Bankwest 0.25% 18-May  
Beyond Bank 0.25% 17-May  
Bluestone     no response yet
Citibank 0.25% 13-May  
Commonwealth Bank  0.25% 20-May  
Firefighters Mutual 0.25% 20 May  
Firstmac 0.25% 18-May  
Health Professionals  0.25% 20-May  
Heritage Bank     no response yet
ING 0.25% 10-May  
La Trobe     no response yet
Liberty Financial     no response yet
Macquarie 0.25% 13-May  
ME Bank 0.25% 13-May  
My State 0.25% 19-May  
NAB 0.25% 13-May  
Newcastle Permanent 0.25% 18-May  
Peoples Choice  0.25% 20-May  
Pepper Money     no response yet
Plan Lending     no response yet
Rams 0.25% 17-May  
Resimac 0.25% 17-May  
St George 0.25% 17-May  
Suncorp 0.25% 18-May  
Teachers Mutual 0.25% 20-May  
Uni Bank 0.25% 20-May  
Virgin Money 0.25% 13-May  
VMG 0.25% 4-May  
Westpac 0.25% 17-May  

 

 

Now is the time to get in touch with an Assured Lending Mortgage Broker to see how your home loan rate compares to others on the market. It won’t cost you anything to get a home loan comparison but it could save you thousands. Our service is completely cost and obligation free so give us call today for more information on the right home loan for you.

Contact an Assured Lending Mortgage Broker for more information today

Interest Rate reductions November

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