Will your mortgage repayments increase? Here are Lender’s response to the RBA’s cash rate hike – May 2022

The Reserve Bank of Australia officially increased its cash rate by 0.25 basis points this 4th of May. Will the increase be passed on by your lender affecting your existing mortgage and upcoming repayments? Stay up to date with the latest announcements on our blog.

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Will your mortgage repayments increase? Here are Lender’s response to the RBA’s cash rate hike – May 2022

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Looking for professional advice tailored to your specific financial circumstances? Our team is always here to help! Find out more about home loans or property investment loans, or contact us today

Last updated on May 20th, 2022

Banks

Adelaide Bank interest rate rise

(pending)

AMP interest rate rise

Rate increase: 25 basis points
Effective from date: May 13
Applies to: Variable rate home loans

ANZ interest rate rise

Rate increase: 25 basis points
Effective from date: May 13
Applies to: Variable rate home loans

Auswide Bank interest rate rise

Rate increase: 25 basis points
Effective from date: May 17
Applies to: Variable rate home loans

Bank Australia interest rate rise

Rate increase: 25 basis points
Effective from date: May 25
Applies to: Variable rate home loans

Bank of China interest rate rise

(pending)

Bank of Melbourne interest rate rise

Rate increase: 25 basis points
Effective from date: May 17
Applies to: Variable rate home loans

Bank of Queensland (BOQ) interest rate rise

Rate increase: 25 basis points
Effective from date: May 13
Applies to: Variable rate home loans

Bank of Sydney interest rate rise

Rate increase: 25 basis points
Effective from date: May 16
Applies to: Variable rate home loans

BankSA interest rate rise

Rate increase: 25 basis points
Effective from date: May 17
Applies to: Variable rate home loans

Bankwest interest rate rise

Rate increase: 25 basis points
Effective from date: May 18
Applies to: Variable rate home loans

Bendigo Bank interest rate rise

Rate increase: 25 basis points
Effective from date: May 16
Applies to: Variable rate home loans

Beyond Bank interest rate rise

Rate increase: 25 basis points
Effective from date: May 17
Applies to: Variable rate home loans

Citi interest rate rise

Rate increase: 25 basis points
Effective from date: May 13
Applies to: Variable rate home loans

Commonwealth Bank interest rate rise

Rate increase: 25 basis points
Effective from date: May 20
Applies to: Variable rate home loans

Credit Union SA interest rate rise

(pending)

Firefighter Mutual Bank interest rate rise

(pending)

Great Southern Bank interest rate rise

Rate increase: 25 basis points
Effective from date: May 12
Applies to: Variable rate home loans

Health Professionals Bank interest rate rise

(pending)

Heritage Bank interest rate rise

(pending)

Horizon Bank interest rate rise

Rate increase: 25 basis points
Effective from date: May 4
Applies to: Variable rate home loans

HSBC interest rate rise

Rate increase: 25 basis points
Effective from date: May 23
Applies to: Variable rate home loans

Hume Bank interest rate rise

Rate increase: 25 basis points
Effective from date: May 25
Applies to: Variable rate home loans

Hunter United interest rate rise

(pending)

IMB Bank interest rate rise

Rate increase: 25 basis points
Effective from date: May 20
Applies to: Variable rate home loans

ING interest rate rise

Rate increase: 25 basis points
Effective from date: May 10
Applies to: Variable rate home loans

Judo Bank interest rate rise

(pending)

Macquarie Bank interest rate rise

Rate increase: 25 basis points
Effective from date: May 13
Applies to: Variable rate home loans

ME Bank interest rate rise

Rate increase: 25 basis points
Effective from date: May 13
Applies to: Variable rate home loans

MyState Bank interest rate rise

Rate increase: 25 basis points
Effective from date: May 19
Applies to: Variable rate home loans

NAB interest rate rise

Rate increase: 25 basis points
Effective from date: May 13
Applies to: Variable rate home loans

Newcastle Permanent interest rate rise

Rate increase: 25 basis points
Effective from date: May 18
Applies to: Variable rate home loans

P&N Bank interest rate rise

Rate increase: 15 – 25 basis points
Effective from date: 1 June
Applies to: Variable rate home loans

QBank interest rate rise

(pending)

St George interest rate rise

Rate increase: 25 basis points
Effective from date: May 17
Applies to: Variable rate home loans

Suncorp interest rate rise

Rate increase: 25 basis points
Effective from date: May 18
Applies to: Variable rate home loans

Teachers Mutual Bank interest rate rise

(pending)

UniBank interest rate rise

(pending)

Westpac interest rate rise

Rate increase: 25 basis points
Effective from date: May 17
Applies to: Variable rate home loans

Non-bank lenders

AFG interest rate rise

Rate increase: 25 basis points
Effective from date: May 23
Applies to: Variable rate home loans

AMMF interest rate rise

(pending)

Angle Finance interest rate rise

(pending)

ASCF (Australian Secure Capital Fund) interest rate rise

(pending)

Banjo Loans interest rate rise

(pending)

Better Mortgage Management interest rate rise

(pending)

Bluestone Mortgages interest rate rise

(pending)

Earlypay interest rate rise

(pending)

Firstmac interest rate rise

Rate increase: 25 basis points
Effective from date: May 18
Applies to: Variable rate home loans

Flexi commercial interest rate rise

(pending)

funding.com.au interest rate rise

(pending)

Granite Home loans interest rate rise

(pending)

Greenlight Auto Finance interest rate rise

(pending)

Heartland Reverse Mortgages interest rate rise

(pending)

HomeStart Finance interest rate rise

Rate increase: 25 basis points
Effective from date: May 19
Applies to: Variable rate home loans

Keystart Finance interest rate rise

(pending)

Latitude Financial interest rate rise

(pending)

La Trobe Financial interest rate rise

(pending)

Liberty Financial interest rate rise

(pending)

Metro Finance interest rate rise

(pending)

MKM interest rate rise

(pending)

Moneyplace interest rate rise

(pending)

Moula interest rate rise

(pending)

NOW Finance interest rate rise

(pending)

Oak Capital interest rate rise

(pending)

Ondeck interest rate rise

(pending)

Pepper Money interest rate rise

(pending)

Plenti interest rate rise

(pending)

Prime Capital interest rate rise

(pending)

Prospa interest rate rise

(pending)

Resimac interest rate rise

Rate increase: 25 basis points
Effective from date: May 17
Applies to: Variable rate home loans

RedZed interest rate rise

(pending)

ScotPac Business Finance interest rate rise

(pending)

Shift interest rate rise

(pending)

SocietyOne interest rate rise

(pending)

TrailBlazer finance interest rate rise

(pending)

Virgin Money interest rate rise

Rate increase: 25 basis points
Effective from date: May 13
Applies to: Variable rate home loans

Wisr interest rate rise

(pending)

86 400 interest rate rise

(pending)

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With Interest Rates Rising higher and higher, it is important for YOU to focus on what you CAN control, to maintain your borrowing capacity, and make sure your finances are in order. Tune in to discover our top tips to maintain and potentially even increase your borrowing capacity!