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: 0.25%
Customers impacted: variable home loan customers
Effective from: 13 February 2026
Commonwealth Bank
Rate move: 0.25%
Customers impacted: home loan variable customers
Effective from: 13 February 2026
NAB
Rate move: 0.25%
Customers impacted: variable rate home loan customers
Effective from: 13 February 2026
Westpac
Rate move: 0.25%
Customers impacted: variable home loan customers
Effective from: 17 February 2026
Other lender moves
AFG
Rate move: 0.25%
Customers impacted: Retro & Link customers
Effective from: 10 February 2026
AMP
Rate move: 0.25%
Customers impacted: variable home loan customers
Effective from: 6 February 2026 for new business, 9 February 2026 for existing business
Auswide Bank
Rate move: 0.25%
Customers impacted: variable home loan customers, residential investment loans, lines of credit and overdrafts
Effective from: 12 February 2026
Bank of Melbourne
Rate move: 0.25%
Customers impacted: variable home loan (owner occupied and investment property)
Effective from: 17 February 2026
Bank SA
Rate move: 0.25%
Customers impacted: variable home loan (owner occupied and investment property)
Effective from: 17 February 2026
Bankwest
Rate move: 0.25%
Customers impacted: variable home loan customers
Effective from: 13 February 2026
Bendigo Bank
Rate move: 0.25%
Customers impacted: variable home loan customers
Effective from: 11 February 2026
HSBC
Rate move: 0.25%
Customers impacted: variable home loan customers
Effective from: 16 February 2026
ING
Rate move: 0.25%
Customers impacted: variable residential home loan customers
Effective from: 10 February 2026
Macquarie
Rate move: 0.25%
Customers impacted: variable home loan customers
Effective from: 20 February 2026
ME
Rate move: 0.25%
Customers impacted: variable home loan customers
Effective from: 7 February 2026
Pepper Money
Rate move: 0.25%
Customers impacted: variable interest rate customers (including all variable home loans, variable commercial real estate, variable construction and Self-Managed Super Fund (SMSF) loans)
Effective from: 13 February 2026
St. George
Rate move: 0.25%
Customers impacted: variable home loan customers
Effective from: 17 February 2026
Suncorp
Rate move: 0.25%
Customers impacted: variable rate home loan customers
Effective from: 13 February 2026
Ubank
Rate move: 0.25%
Customers impacted: Neat and Flex standard variable home loan
Effective from: 12 February 2026
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 5 February 2026.
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