RBA emergency rate cut: Is your lender passing it on?

In an emergency response to the coronavirus pandemic, the Reserve Bank of Australia (RBA) has cut the cash rate for the second time this month, lowering it by another 25 basis points to a new record low of 0.25%.

Stay tuned to this page for regular updates below of which lenders are announcing they are passing on some or all of this 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:

Important Information and Comparison Rate Warning

Car loan interest rates have also been cut in recent weeks. Here are some of the lowest-rate car loans Savings.com.au has found on the market:

Important Information and Comparison Rate Warning

Which banks and lenders are cutting interest rates?

All cuts below refer to lenders’ responses to the RBA’s emergency rate cut on March 19 2020. To see how these rate cuts compare with previous rate cuts, check out our June, July, October and March 3 rate cut pages.

Last updated: 11:30 AM AEST 09/04/2020.

Key notes:

• P&I=Principal and Interest, IO=Interest Only, OO=Owner Occupier.
• Basis points explained: 1 basis point = 0.01% point of  an interest rate (e.g. 3.00% p.a. cut by 25 basis points to 2.75% p.a.) 
• Advertised rates: The “new lowest advertised variable rates” listed for each lender 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 new (i.e. the rate became that lender’s lowest rate after some or all of the RBA’s March cash rate cut were passed on) and currently available.

86 400 interest rate cut - pending

AMP interest rate cut

ANZ interest rate cut

Athena interest rate cut

Aussie Home Loans interest rate cut - pending

Auswide Bank interest rate cut

Australian Military Bank interest rate cut - pending

Australian Unity interest rate cut - pending

Bank Australia interest rate cut

Bankfirst interest rate cut - pending

Bank of Melbourne interest rate cut

Bank of Sydney interest rate cut - pending

Bank of Us interest rate cut

BankSA interest rate cut

BankVic interest rate cut - pending

Bankwest interest rate cut

BCU interest rate cut - pending

Bendigo Bank interest rate cut

Beyond Bank interest rate cut - pending

BOQ interest rate cut - pending

Citi interest rate cut

Commonwealth Bank interest rate cut

Community First CU interest rate cut - pending

Credit Union SA interest rate cut - pending

CUA interest rate cut

Defence Bank interest rate cut

Firstmac interest rate cut

Freedom Lend interest rate cut - pending

G&C Mutual Bank interest rate cut

Gateway Bank interest rate cut

Greater Bank interest rate cut

Heritage Bank interest rate cut

Homestar Finance interest rate cut

HSBC interest rate cut

Hume Bank interest rate cut - pending

Hunter United interest rate cut

Illawarra Credit Union interest rate cut - pending

IMB Bank interest rate cut

ING interest rate cut

Liberty interest rate cut

Loans.com.au interest rate cut - Click to view the latest rates

Macquarie Bank interest rate cut

ME interest rate cut

Mortgage house interest rate cut - pending

Move Bank interest rate cut

MyState Bank interest rate cut

NAB interest rate cut

Newcastle Permanent interest rate cut

P&N Bank interest rate cut

People's Choice Credit Union interest rate cut

Pepper Money interest rate cut

Police Bank interest rate cut

Police Credit Union interest rate cut - pending

QBank interest rate cut

Qudos Bank interest rate cut

RACQ Bank interest rate cut - pending

RAMS interest rate cut

Reduce Home Loans interest rate cut

Resimac interest rate cut

Sydney Mutual Bank interest rate cut - pending

State Custodians interest rate cut

St George interest rate cut

Suncorp interest rate cut

Teachers Mutual Bank interest rate cut - pending

The Mutual Bank interest rate cut - pending

Tic Toc interest rate cut

UBank interest rate cut

UniBank interest rate cut - pending

Unity Bank interest rate cut - pending

Virgin Money interest rate cut - pending

Westpac interest rate cut

AMP interest rate cut

• Rate cut: 0 basis points 
• Applies to: Variable home loan interest rates
• Announcement date: 25 March
• Effective date:
• New lowest advertised variable rate: 
• June rate cut: 25 basis points
• July rate cut: 20 basis points
• October rate cut: 15 basis points 
• March rate cut: 25-64 basis points
• Other info: AMP has confirmed it has not reduced variable interest rates on home loans

ANZ interest rate cut

• Rate cut: 15 basis points 
• Applies to: Variable home loan rates
• Announcement date: 20 March
• Effective date: 27 March (8 days after RBA cut) 
• New lowest advertised variable rate: 
• June rate cut: 18 basis points
• July rate cut: 25 basis points
• October rate cut: 14-25 basis points 
• March rate cut: 25 basis points 
• Other info: Some fixed rates for home loan customers cut by up to 49 basis points. Introduction of a two-year fixed rate of 2.19% p.a. for Owner Occupiers paying Principal & Interest -  ANZ's lowest fixed-rate home loan on-record.

Athena interest rate cut

• Rate cut: 0 basis points 
• Applies to: Home loan interest rates
• Announcement date: 20 March
• Effective date:
• New lowest advertised variable rate: 
• June rate cut: 25 basis points
• July rate cut: 25 basis points
• October rate cut: 25 basis points 
• March rate cut: 25 basis points 
• Other info: Athena has confirmed it is leaving rates unchanged

Auswide Bank interest rate cut

• Rate cut: 25 basis points
• Applies to: Auswide's RBA Rate Tracker home loan only
• Announcement date: 24 March
• Effective date:
• New lowest advertised variable rate: 
• June rate cut: 15-25 basis points
• July rate cut: 10-25 basis points 
• October rate cut: 10-25 basis points 
• March rate cut: 25 basis points 
• Other info: Rate cuts for other variable rate home loans unconfirmed. 

Bank Australia interest rate cut

• Rate cut: 0 basis points
• Applies to: Variable interest rates
• Announcement date: 26 March
• Effective date: 
• New lowest advertised variable rate: 
• June rate cut: 25 basis points
• July rate cut: 16 basis points 
• October rate cut: 10 basis points
• March rate cut: 25 basis points
• Other info: Bank Australia has confirmed it will be holding variable interest rates at current levels. It will reduce fixed rate home loans by up to 105 basis points for 1, 2, 3 and 5-year loans for owner occupiers and investors with Principal and Interest repayment loans.

Bank of Melbourne interest rate cut

• Rate cut: 0 basis points
• Applies to: Variable interest rates
• Announcement date: 20 March
• Effective date: 
• New lowest advertised variable rate: 
• June rate cut: 20-35 basis points 
• July rate cut: 20-30 basis points 
• October rate cut: 15 basis points 
• March rate cut: 25 basis points
• Other info: 1, 2, 3-year fixed rate home loans for OO customers on P&I repayments with an Advantage Package cut to 2.29% p.a. 

Bank of Us interest rate cut

• Rate cut: 0 basis points
• Applies to: Variable interest rates
• Announcement date: 26 March
• Effective date: 
• New lowest advertised variable rate: 
• March rate cut: 25 basis points
• Other info: Bank of Us has confirmed no further change to variable rates at this time. From 1 April, it is offering a 2-year fixed rate of 2.59% p.a. (comp rate* 2.89% p.a.) 

BankSA interest rate cut

• Rate cut: 0 basis points
• Applies to: Variable interest rates
• Announcement date: 20 March
• Effective date: 
• New lowest advertised variable rate: 
• June rate cut: 20-35 basis points 
• July rate cut: 20-30 basis points 
• October rate cut: 15 basis points 
• March rate cut: 25 basis points
• Other info: 1, 2, 3-year fixed rate home loans for OO customers on P&I repayments with an Advantage Package cut to 2.29% p.a. 

Bankwest interest rate cut

• Rate cut: 0 basis points
• Applies to: Variable interest rates
• Announcement date: 25 March
• Effective date: 
• New lowest advertised variable rate: 
• June rate cut: 25 basis points 
• July rate cut: 19 basis points 
• October rate cut: 13-25 basis points
• March rate cut: 25 basis points
• Other info: Bankwest has confirmed standard variable interest rates remain unchanged. It has made a 60 basis point interest rate reduction to its Complete Fixed Home Loan Package for owner occupiers paying principal and interest. The reduced three-year fixed rate will be 2.33% p.a. (comparison rate*: 3.51% p.a.)

Bendigo Bank interest rate cut

• Rate cut: 0 basis points 
• Applies to: Variable home loan interest rates
• Announcement date: 25 March
• Effective date:
• New lowest advertised variable rate: 
• June rate cut: 15-20 basis points
• July rate cut: 15-20 basis points
• October rate cut: 15 basis points
• March rate cut: 25 basis points 
• Other info: Bendigo has confirmed variable rates have been left unchanged. Fixed rates across one, two and three-year terms for OO and investors lowered by up to 70 basis points (effective 30 March). Will offer fixed rates as low as 2.29% p.a. 

Citi interest rate cut

• Rate cut:10 basis points 
• Applies to: Basic, Standard and Offset home loans for owner occupier applications on principal and interest repayments
• Announcement date: 30 March
• Effective date:
• New lowest advertised variable rate: 
• June rate cut: 25 basis points 
• July rate cut: 18 basis points 
• October rate cut: 15 basis points 
• March rate cut: 25 basis points 
• Other info: Variable rate cuts for existing customers unconfirmed. 

Commonwealth Bank interest rate cut

• Rate cut: 0 basis points
• Applies to: Standard variable rate
• Announcement date: 19 March
• Effective date: 
• New lowest advertised variable rate:
• June rate cut: 25 basis points 
• July rate cut: 19-25 basis points 
• October rate cut: 13-25 basis points 
• March rate cut: 25 basis points
• Other info: 1,2 and 3-year fixed-rate home loans have been cut by 70 basis points. No change to standard variable rate. More info here 

CUA interest rate cut

• Rate cut: 0 basis points
• Applies to: Standard variable rate
• Announcement date: 25 March
• Effective date: 
• New lowest advertised variable rate:
• June rate cut: 10-25 basis points 
• July rate cut: 17 basis points 
• October rate cut: 13 basis points 
• March rate cut: 25 basis points
• Other info: CUA has confirmed it is not cutting variable interest rates. It will offer new 2.29% p.a. 2-year and 3-year fixed home loan rates (comparison rates* of 4.11% p.a. and 3.94% p.a. respectively) for owner-occupiers making principal and interest repayments, effective Wednesday 1 April 2020. 

Defence Bank interest rate cut

• Rate cut: 0 basis points 
• Applies to: Variable home loan interest rates
• Announcement date: 23 March
• Effective date:
• New lowest advertised variable rate: 
• June rate cut: 25 basis points
• July rate cut: 19 basis points
• October rate cut: 15 basis points
• March rate cut: 25 basis points 
• Other info: Defence Bank has confirmed there are no changes to home loan variable rates

Firstmac interest rate cut

• Rate cut: 0 basis points 
• Applies to: Home loan interest rates
• Announcement date: 23 March
• Effective date:
• New lowest advertised variable rate: 
• March rate cut: 25 basis points 
• Other info: Firstmac has confirmed it is leaving rates unchanged

G&C Mutual Bank interest rate cut

• Rate cut: 0 basis points 
• Applies to: Variable rate home loans 
• Announcement date: 23 March
• Effective date:
• New lowest advertised variable rate: 
• June rate cut: 10-40 basis points
• July rate cut: 10-20 basis points
• October rate cut: 15-50 basis points
• March rate cut: 25 basis points
• Other info: G&C Mutual Bank has confirmed there are no immediate changes to home loan variable rates. The interest rates for new fixed rate owner-occupied home loans have been reduced by between 20 and 70 basis points with effect on 24 March 2020, with the new rate on 1 year fixed rate product now at 2.29% p.a.

Gateway Bank interest rate cut

• Rate cut: 0 basis points 
• Applies to: Variable rate home loans 
• Announcement date: 3 April
• Effective date:
• New lowest advertised variable rate: 
• June rate cut: 25 basis points
• July rate cut: 15-25 basis points
• October rate cut: 14 basis points
• March rate cut: 25 basis points
• Other info: Gateway has made the decision to not reduce the rates on its variable loan products. It will be reducing fixed home loan interest rates by up to 25 basis points, effective Friday 3 April.

Greater Bank interest rate cut

• Rate cut: 0 basis points 
• Applies to: Any home loan interest rates
• Announcement date: 23 March
• Effective date:
• New lowest advertised variable rate: 
• June rate cut: 25 basis points 
• July rate cut: 20 basis points 
• October rate cut: 9-20 basis points
• March rate cut: 25 basis points
• Other info: 

Heritage Bank interest rate cut

• Rate cut: 0 basis points 
• Applies to: Variable rate home loans
• Announcement date: 26 March
• Effective date:
• New lowest advertised variable rate: 
• June rate cut: 20 basis points 
• July rate cut: 15 basis points 
• October rate cut: 15 basis points
• March rate cut: 20 basis points
• Other info: Will cut interest rates across most fixed rate home loans, up to 0.30% for a one-year owner-occupier and 0.29% for a one-year investor loan.

Homestar Finance interest rate cut

• Rate cut: 10 basis points 
• Applies to: Variable rate home loans
• Announcement date: 26 March
• Effective date: 1 April 
• New lowest advertised variable rate: 
• June rate cut: 25 basis points 
• July rate cut: 25 basis points
• October rate cut: 25 basis points 
• March rate cut: 25 basis points
• Other info: 

HSBC interest rate cut

• Rate cut: 0 basis points
• Applies to: All variable interest rate loans
• Announcement date: 24 March
• Effective date: 30 March (13 days after RBA cut)
• New lowest advertised variable rate:
• June rate cut: 22 basis points 
• July rate cut: 20 basis points 
• October rate cut: 15-20 basis points
• March rate cut: 25 basis points
• Other info: A 50 bps reduction in one, two, three-year fixed rate home loans paying P&I (OO)

Hunter United interest rate cut

• Rate cut: 15 basis points
• Applies to: All variable interest rate loans
• Announcement date: 20 March
• Effective date: 27 March (8 days after RBA cut)
• New lowest advertised variable rate:
• June rate cut: 25-41 basis points 
• July rate cut: 5-20 basis points 
• October rate cut: Up to 20 basis points
• March rate cut: 15 basis points
• Other info: 

IMB Bank interest rate cut

• Rate cut: 0 basis points 
• Applies to: Variable home loan interest rates
• Announcement date: 26 March
• Effective date:
• New lowest advertised variable rate: 
• June rate cut: 25 basis points 
• July rate cut: 18 basis points
• October rate cut: 13 basis points 
• March rate cut: 25 basis points 
• Other info: IMB has confirmed there will be no further changes to the standard variable home loan rate at this time.

ING interest rate cut

• Rate cut: 0 basis points 
• Applies to: Variable home loan interest rates
• Announcement date: 25 March
• Effective date:
• New lowest advertised variable rate: 
• June rate cut: 25 basis points 
• July rate cut: 20 basis points
• October rate cut: 15 basis points 
• March rate cut: 25 basis points 
• Other info: ING has confirmed variable rates remain unchanged. From 26 March it will offer new fixed home loan rates, including a 2.09% p.a. two year OO fixed rate for those also holding an OO Orange Advantage loan account.   

Liberty interest rate cut

• Rate cut: 15 basis points
• Applies to: Variable home loan customers with LVRs up to 80%
• Announcement date: 25 March
• Effective date: 16 April 
• New lowest advertised variable rate:
• June rate cut: 25 basis points 
• July rate cut: 19 basis points
• October rate cut: 25 basis points 
• March rate cut: 25 basis points
• Other info: 

Loans.com.au interest rate cut

• Rate cut: 0 basis points 
• Applies to: Home loan interest rates
• Announcement date: 23 March
• Effective date:
• New lowest advertised variable rate: 
• June rate cut: 20 basis points
• July rate cut: 25 basis points
• October rate cut: 15-20 basis points 
• March rate cut: 25 basis points 
• Other info: Loans.com.au has confirmed it is leaving rates unchanged

Macquarie Bank interest rate cut

• Rate cut: 0 basis points 
• Applies to: Variable home loan interest rates
• Announcement date: 20 March
• Effective date:
• New lowest advertised variable rate: 
• June rate cut: 25 basis points 
• July rate cut: 20 basis points
• October rate cut: 15 basis points  
• March rate cut: 25 basis points 
• Other info: Macquarie Bank has confirmed it is leaving variable home loan rates unchanged

ME Bank interest rate cut

• Rate cut: 0 basis points 
• Applies to: Variable home loan interest rates
• Announcement date: 23 March
• Effective date:
• New lowest advertised variable rate: 
• June rate cut: 25 basis points 
• July rate cut: 15 basis points
• October rate cut: 15 basis points  
• March rate cut: 25 basis points 
• Other info: ME Bank has confirmed variable home loan rates will remain unchanged. Will offer fixed rate home loan products including 1-, 2- and 3-year terms, starting as low as 2.19% p.a. for 2 years.

Move Bank interest rate cut

• Rate cut: Up to 25 basis points 
• Applies to: Standard Variable Home Loan (25 basis points) and myHome Package (25 basis points) 
• Announcement date: 27 March
• Effective date: 1 April 
• New lowest advertised variable rate: 
• June rate cut: 25 basis points 
• July rate cut: 20-30 basis points
• October rate cut: 10-25 basis points
• March rate cut: 25 basis points 
• Other info: No confirmed rate cuts for other variable-rate home loans

MyState Bank interest rate cut

• Rate cut: 0 basis points 
• Applies to: Variable home loan interest rates
• Announcement date: 26 March
• Effective date:
• New lowest advertised variable rate: 
• June rate cut: 25 basis points 
• July rate cut: 15 basis points
• October rate cut: 15 basis points  
• March rate cut: 25 basis points 
• Other info: MyState Bank has confirmed variable home loan rates have not been altered. It has reduced its fixed rate home loans to a low 2.39% p.a.

NAB interest rate cut

• Rate cut: 0 basis points
• Applies to: Variable home loan rates
• Announcement date: 20 March
• Effective date: 
• New lowest advertised variable rate: 
• June rate cut: 25 basis points 
• July rate cut: 19 basis points
• October rate cut: 15-30 basis points 
• March rate cut: 25 basis points
• Other info: No change to variable interest rates, but 1, 2, 3 and 5-year fixed rates will be cut by up to 60 basis points

Newcastle Permanent interest rate cut

• Rate cut: 0 basis points
• Applies to: Variable home loan rates
• Announcement date: 26 March
• Effective date: 
• New lowest advertised variable rate: 
• June rate cut: 18-39 basis points 
• July rate cut: 18 basis points
• October rate cut: 13 basis points 
• March rate cut: 25 basis points
• Other info: Reducing interest rates for fixed rate home loans across most terms by up to 0.70% p.a., available to new and existing customers.

P&N Bank interest rate cut

• Rate cut: 0 basis points 
• Applies to: Variable home loan interest rates
• Announcement date: 26 March
• Effective date:
• New lowest advertised variable rate: 
• June rate cut: 18-39 basis points 
• July rate cut: 18 basis points
• October rate cut: 16-25 basis points 
• March rate cut: 25 basis points 
• Other info: Decreasing rates on fixed rate products from 27 March: Fixed rate 2 year <80% LVR cut by 10 bps to 2,34% p.a, 3 year <80% LVR cut by 10 bps to 2.29% p.a.

People's Choice Credit Union interest rate cut

• Rate cut: 0 basis points 
• Applies to: Variable home loan interest rates
• Announcement date: 24 March
• Effective date:
• New lowest advertised variable rate: 
• June rate cut: 25 basis points 
• July rate cut: 15 basis points
• October rate cut: 14-25 basis points 
• March rate cut: 25 basis points 
• Other info: People's Choice has confirmed "there is no change to variable rates in this suite of pricing changes". It has cut its fixed rate home loan packages by between 60 and 70 basis points from 26 March 2020. Members can access a rate of 2.29% per annum for a one-year fixed home loan or a rate of only 2.19% per annum for a two-year fixed loan.

Pepper Money interest rate cut

• Rate cut: 0 basis points 
• Applies to: Home loan interest rates
• Announcement date: 24 March
• Effective date:
• New lowest advertised variable rate: 
• June rate cut: 25 basis points 
• July rate cut: 20 basis points
• October rate cut: 15-24 basis points 
• March rate cut: Up to 25 basis points 
• Other info: Pepper Money has confirmed it is leaving variable rates unchanged for existing customers

Police Bank interest rate cut

• Rate cut: 0 basis points 
• Applies to: Home loan interest rates
• Announcement date: Late March
• Effective date:
• New lowest advertised variable rate: 
• June rate cut: Not disclosed
• July rate cut: 15 basis points
• October rate cut: Not disclosed 
• March rate cut: Up to 25 basis points 
• Other info: Police Bank has confirmed they’re "leaving our rates as they are"

QBank interest rate cut

• Rate cut: 0 basis points 
• Applies to: Variable interest rates on home loans
• Announcement date: 27 March
• Effective date:
• New lowest advertised variable rate: 
• June rate cut: 18 basis points 
• July rate cut: 20 basis points 
• October rate cut: 15 basis points 
• March rate cut: 18 basis points 
• Other info: QBank has confirmed "Variable rates for Owner Occupier and Investor Home Loans will be unchanged"

Qudos Bank interest rate cut

• Rate cut: 10 basis points 
• Applies to: All existing variable rate mortgages
• Announcement date: 25 March
• Effective date: 2 April
• New lowest advertised variable rate: 
• June rate cut: 25 basis points 
• July rate cut: 15 basis points 
• October rate cut: 15 basis points 
• March rate cut: 25 basis points 
• Other info: 

RAMS interest rate cut

• Rate cut: 0 basis points
• Applies to: Variable interest rates
• Announcement date: 23 March
• Effective date: 
• New lowest advertised variable rate: 
• June rate cut: 20-35 basis points 
• July rate cut: 20-30 basis points 
• October rate cut: 15 basis points 
• March rate cut: 25 basis points
• Other info: Offering new fixed rate of 2.29% p.a across fixed terms of 1, 2, 3-years for OO customers on P&I repayments.  

Reduce Home Loans interest rate cut

• Rate cut: 0-25 basis points
• Applies to: Variable interest rates for new customers:
  • Rate Buster Variable (3 basis points)
  • Rate Slasher (5 basis points)
  • Investor Rate Slasher (10-20 basis points)
  • Investor Rate Slasher IO (25 basis points) 
• Announcement date: 1 April
• Effective date: 1 April
• New lowest advertised variable rate: 2.39% p.a. (2.40% p.a. comp rate*) for OO P&I borrowers with up to 80% LVR
• June rate cut: 25 basis points 
• July rate cut: Up to 22 basis points
• October rate cut: Up to 20 basis points 
• March rate cut: 25 basis points
• Other info: Rate cuts for existing customers yet to be confirmed   

Resimac interest rate cut

• Rate cut: 0 basis points
• Applies to: Variable interest rates
• Announcement date: 27 March
• Effective date: 
• New lowest advertised variable rate: 
• June rate cut: Not disclosed
• July rate cut: 25 basis points
• October rate cut: 15 basis points 
• March rate cut: 25 basis points
• Other info: Resimac has confirmed it will not be making any further changes to rates at this time.

St George interest rate cut

• Rate cut: 0 basis points
• Applies to: Variable interest rates
• Announcement date: 20 March
• Effective date: 
• New lowest advertised variable rate: 
• June rate cut: 20-35 basis points 
• July rate cut: 20-30 basis points 
• October rate cut: 15 basis points 
• March rate cut: 25 basis points
• Other info: 1, 2, 3-year fixed rate home loans for OO customers on P&I repayments with an Advantage Package cut to 2.29% p.a. 

State Custodians interest rate cut

• Rate cut: 0 basis points
• Applies to: Variable interest rates
• Announcement date: 27 March
• Effective date: 
• New lowest advertised variable rate: 
• July rate cut: 25 basis points 
• October rate cut: 25 basis points 
• March rate cut: 25 basis points
• Other info: State Custodians has confirmed it will not be making any further changes to rates at this time.

Suncorp interest rate cut

• Rate cut: 0 basis points
• Applies to: Variable interest rates
• Announcement date: 23 March
• Effective date: 3 April 2020 (17 days after RBA rate cut)
• New lowest advertised variable rate: 
• June rate cut: 20 basis points 
• July rate cut: 19 basis points 
• October rate cut: 15 basis points 
• March rate cut: 25 basis points
• Other info: Suncorp has confirmed no change to variable home loan rates "at this stage". Meanwhile, dropping fixed rate home loans to 2.29% p.a. on two year fixed and 2.49% p.a. on three-year fixed products

TicToc interest rate cut

• Rate cut: 0 basis points 
• Applies to: Variable home loan interest rates
• Announcement date: 25 March
• Effective date:
• New lowest advertised variable rate:
• June rate cut: 20 basis points 
• July rate cut: 20 basis points 
• October rate cut: 15 basis points 
• March rate cut: 25 basis points 
• Other info: TicToc has confirmed variable home loan rates will be held steady. Will offer a rate of 2.22% p.a. fixed for one to three years for live-in principal and interest loans.

UBank interest rate cut

• Rate cut: 0 basis points 
• Applies to: Variable home loan interest rates
• Announcement date: 9 April
• Effective date:
• New lowest advertised variable rate:
• June rate cut: 25 basis points 
• July rate cut: 25 basis points 
• October rate cut: 25 basis points 
• March rate cut: 25 basis points 
• Other info: UBank has confirmed there is no change to its variable rate for home loan customers. 

Westpac interest rate cut

• Rate cut: 0 basis points
• Applies to: Variable interest rates
• Announcement date: 20 March
• Effective date: 
• New lowest advertised variable rate: 
• June rate cut: 20-35 basis points 
• July rate cut: 20-30 basis points 
• October rate cut: 15 basis points 
• March rate cut: 25 basis points
• Other info: 1, 2, 3-year fixed rate home loans for OO customers on P&I repayments with a Premier Advantage Package cut to 2.29% p.a. 

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