Posted Tuesday, 02 August 2016 at 14:42 by Shape Home Loans
Tagged: Self employed Loans | Loan for investment | Loan for owners occupier | Loan for investor | interest rates | Hint/Tip | news | RBA | Rate Change
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The RBA announced the cash rate would be cut by 25 basis points on Tuesday 2nd August 2016.
Find out how much of the rate cut your bank is passing on and when.
**** This page will be updated on a daily basis ****
We have listed our top 22 lenders out of 57 that we are accredited with ( Please contact us if you require information on a bank that's not listed here)
Lenders ( Our top 22) | August 2016 Rate Cut | Effective date |
Adelaide Bank | 0.10% for OO and IP | 29th August |
Auswide Bank | -0.10% for OO and IP | 26th August |
AMP | -0.10% for OO and IP | 22nd August |
ANZ | -0.12% for OO and IP | 12th August |
Bank of Queensland ( BOQ) | -0.15% for OO and IP | 31st August |
Bankwest | -0.10% for OO and IP | 23rd August |
Bank of Melbourne | -0.13% for OO and IP ( -0.10% if it's Interest only) | 23rd August |
Citibank | -0.15% for OO and IP | 23rd August |
Commonwealth Bank (CBA) | -0.13% for OO and IP | 19th August |
Firstmac | -0.13% for OO and IP | 20th August |
Gateway Credit Union | -0.13% for OO and IP | 18th August |
Heritage Bank | -0.10% for OO and IP | 15th August |
ING bank | -0.12% for OO and IP ( Orange Advatage) and -0.10% for all other | 15th August |
NAB | -0.10% for OO and IP | 19th August |
Macqauire Bank | -0.10% for OO and IP | 26th August |
Me Bank | -0.10% for OO and IP | 23rd August |
Newcastle Permanent Building | -0.10% for OO and IP | 19th August |
Police and Nurse Credit union | -0.26% for OO and -0.25% for IP | 26th August |
St George Bank | -0.14% for OO and IP ( -0.10% if it's Interest only) | 23rd August |
Suncorp Bank | -0.10% for OO and IP | 24th August |
The Rock Building Society | -0.10% for OO and IP | 30th August |
Teachers Mutual Bank | -0.12% for OO and IP | 16th August |
Westpac Bank | -0.14% for OO and IP ( -0.10% if it's Interest only) | 23rd August |
OO = Owners occuiper loan
IP = Investment property loan
Answers to the following common questions?
- How much of the August rate cut is ANZ passing on and when? 0.12% as of 12/8/2016
- How much of the August rate cut is Bankwest passing on and when? 0.10% as of 23/8/2016
- How much of the August rate cut is Commonwealth Bank (CBA) passing on and when? 0.13% as of 19/8/2016
- How much of the August rate cut is NAB passing on and when? 0.10% as of 19/8/2016
- How much of the August rate cut is Macqauire Bank passing on and when? 0.10% as of 26/8/2016
- How much of the August rate cut is ING passing on and when? 0.12% for OO and IP ( Orange Advatage) and -0.10% for all other variable loan product as of 15/8/2016
- How much of the August rate cut is St George Bank passing on and when? 0.14% as of 23/8/2016 ( -0.10% if it's Interest only)
- How much of the August rate cut is Suncorp Bank passing on and when? 0.10% as of 24/8/2016
- How much of the August rate cut is Rock Building Society passing on and when? 0.10% as of 30/8/2016
- How much of the August rate cut is Westpac passing on and when? 0.14% as of 23/8/2016 ( -0.10% if it's Interest only)