RBA Rate Tracker Home Loan

Always know where you stand with your home loan interest rate.

A great interest rate and certainty too!

The RBA Rate Tracker home loan is a home loan which tracks the movements of the Reserve Bank of Australia (RBA) cash rate. If the RBA shifts interest rates up or down, your interest rate also moves by the same percentage.

Plus with an RBA Rate Tracker home loan, we promise to change your home loan interest rate effective within two working days after an RBA cash rate change.

With an RBA Rate Tracker home loan you will always know where you stand!

This home loan won the 'Innovative Mortgage Offering of the Year' category at the prestigious 27th annual Australian Retail Banking Awards

WINNER
Most Innovative Mortgage Offering of the Year
Australian Retail Banking Awards 2017

How it works.

Your RBA Rate Tracker home loan interest rate consists of the RBA cash rate and a fixed margin applied by the bank. If the RBA cash rate falls by 0.25%, your home loan interest rate will also fall by the same amount. You’ll pay the new RBA cash rate and the fixed margin.

For example, if the RBA cash rate is 1.5% and the margin applied by Auswide Bank is 2.49%, your home loan interest rate would be 3.99%p.a. If the RBA cash rate fell by 0.25% to 1.25% your new home loan interest rate would be 3.74%p.a. Similarly if the RBA cash rate increased, so would your home loan interest rate.

The only exception is if the RBA cash rate falls to 0% or below in the future. Under those circumstances, you would continue to only pay the fixed margin.

Apart from certainty, a competitive rate and a low establishment fee, at Auswide Bank you can always count on being supported, with obligation free advice by a Home Lending Consultant who is always approachable and available.

Enquire Online Lending Consultants Switch to Auswide Home Loans Calculators

With an RBA Rate Tracker home loan, you can enjoy:

  • Certainty about what will happen to your loan interest rate if the Reserve Bank of Australia changes the ‘cash rate’.
  • Certainty about when Auswide Bank will ‘pass on’ an RBA cash rate decrease or increase.
  • Competitive rate with no monthly loan account service fee.
  • Easy application process & pre-approval
  • Direct line now and in the future to an experienced Home Lending Consultant.
  • Borrow up to 80% of purchase price/valuation for owner occupied purchases
  • Loan terms up to 30 years
  • Pay off your loan sooner with the choice of weekly, fortnightly, monthly repayments or extra, lump sum or larger payments
  • Redraw any extra money you've deposited~
  • Internet, Mobile and Phone Banking convenience – check your loan balance, account history and send us secure emails about your loan.
  • The ability to have a holiday from repayments when you get ahead on repayments – perfect when taking a career break or going on maternity leave
  • The option of 90 days free introductory home building insurance when purchasing an existing residential property
  • Convenience of an Auswide Bank transaction account in order to manage your day to day banking needs#.

Loan Fees

Please review our Home Loan Fees & Charges for full details.

Interest Rates

Please review our Home Loan Interest Rate Schedule »


Home Loan or Line of Credit Application

Auswide Bank gives you great options for applying for or enquiring about our home loans. If you are unable to visit one of our branches why not enquire now!

 

The RBA Rate Tracker Home Loan is only available to new ‘owner-occupied’ borrowers for purchase of residential property or refinance of a loan held at another credit provider. Loans available to a maximum LVR of 80%. Not available on vacant land, construction of property investment. Not available for loan-preapprovals. Principal & Interest only payments available. No fixed rate option available. No offset account is available. #The borrower will be required to hold an Auswide Bank transaction account in at least one of the same names as the borrower’s loan account.

This information is a summary of features & benefits only. This is not an offer to lend - credit assessment criteria, terms and conditions & fees and charge apply - full details on application. Loans are only available to approved applicants offering security in approved property in Australia.

Prior to entering into a credit contract with us you should read our Credit Guide.

^Deposit criteria may vary depending on the location and type of property being used as security.

~Redraw is subject to Auswide Bank’s discretion – limits may apply.