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How much of the August RBA rate cut is the lenders passing on and when

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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A list of the top banks and how much of the August 2016 RBA rate cut each bank are passing on and when?

 

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)

 

 How much of the May 2015 RBA rate cut each bank are passing on and when?

 

 


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