February Interest Rates 2022 Remain at 0.10%
The Reserve Bank today confirmed the official cash rate will remain at 0.10% for the foreseeable future.
Rising inflation and falling unemployment led to speculation in the lead up to the meeting that the RBA would be forced to reassess its 2024 forecast for the next rate rise.
With future rate rises linked to wages growth, all eyes will be on the minutes of the meeting for any update on that guidance.
| LENDER | LOAN TYPE | SECURITY TYPE | INTEREST RATE | MAX LVR | |
|---|---|---|---|---|---|
| Bank | Variable | Residential Security | 1.96% CPR 1.96% | 80% | Enquire |
| Bank | Offset Account | Residential Security | 1.96% CPR 1.96% | 80% | Enquire |
| Bank | Variable Rates From | Residential Security | 1.99% CPR 2.15 | Up to 95% | Enquire |
| Bank | Line of Credit | Residential Security | 3.19% CPR NA | 60% to 80% | Enquire |
| Bank | 1 Year Fixed Rate From | Residential Security | 1.89% CPR 2.34% | Up to 80% | Enquire |
| Bank | 2 Year Fixed Rate From | Residential Security | 1.79% CPR 2.84% | Up to 80% | Enquire |
| Bank | 3 Year Fixed Rate From | Residential Security | 1.94% CPR 3.10% | Up to 80% | Enquire |
| Bank | 5 Year Fixed Rate From | Residential Security | 2.59% CPR 3.10% | Up to 80% | Enquire |
| Non Bank | SMSF Self Managed Super Fund | Residential Security | from 4.95% | Up to 70% | Enquire |
Please Note: that the above interest rates are only examples. Interest rates are subject to change and vary according to security type, property type, borrow amount against the properties value, loan amount, location, use and purpose. Please complete an online form so we can assess your commercial lending needs
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For more information regarding interest rates for home and investment loans for owner occupied and investment purposes please visit home loans website.
