On Tuesday 3 February 2026, the Reserve Bank of Australia announced it would be lifting the cash rate by 0.25% to 3.85%.
For Australians on a variable rate home loan, here’s how a 25 basis point increase in the cash rate, if passed on by the lender in full, could affect monthly repayments:
| Loan size | Monthly impact of a 0.25% rate increase | |||
| $500,000 | $79 | |||
| $600,000 | $94 | |||
| $750,000 | $118 | |||
| $900,000 | $142 | |||
| $1,000,000 | $157 | |||
| *Calculations assume an owner-occupied loan with a variable interest rate of 5.43% that is increased by 0.25% a month. It assumes a 30-year loan term, with no ongoing fees. This does not take into account the reduction of the loan balance over time. | ||||
Compare the Market is tracking interest rate movements from some of Australia’s biggest banks and lenders. How are the banks moving? Watch this space to find out.
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Big four bank moves
ANZ
Rate move: TBC
Customers impacted: TBC
Effective from: TBC
Commonwealth Bank
Rate move: 0.25%
Customers impacted: home loan variable customers
Effective from: 13 February 2026
NAB
Rate move: TBC
Customers impacted: TBC
Effective from: TBC
Westpac
Rate move: TBC
Customers impacted: TBC
Effective from: TBC
Other lender moves
AFG
Rate move: TBC
Customers impacted: TBC
Effective from: TBC
AMP
Rate move: TBC
Customers impacted: TBC
Effective from: TBC
Auswide Bank
Rate move: TBC
Customers impacted: TBC
Effective from: TBC
Bank of Melbourne
Rate move: TBC
Customers impacted: TBC
Effective from: TBC
Bank SA
Rate move: TBC
Customers impacted: TBC
Effective from: TBC
Bankwest
Rate move: TBC
Customers impacted: TBC
Effective from: TBC
Bendigo Bank
Rate move: TBC
Customers impacted: TBC
Effective from: TBC
HSBC
Rate move: TBC
Customers impacted: TBC
Effective from: TBC
ING
Rate move: TBC
Customers impacted: TBC
Effective from: TBC
Macquarie
Rate move: TBC
Customers impacted: TBC
Effective from: TBC
ME
Rate move: TBC
Customers impacted: TBC
Effective from: TBC
Pepper Money
Rate move: TBC
Customers impacted: TBC
Effective from: TBC
St. George
Rate move: TBC
Customers impacted: TBC
Effective from: TBC
Suncorp
Rate move: TBC
Customers impacted: TBC
Effective from: TBC
Ubank
Rate move: TBC
Customers impacted: TBC
Effective from: TBC
All banks and lenders may not be included in this list. We’ve included the lenders on our panel.
The information on this page is general only – check with your lender for further details on their interest changes and how you might be affected.
This page was last updated 3 February 2026.
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