Home loans and Property Investment Loans for May 2023 have seen and increase for variable rate loans after the Reserve Bank of Australia increased interest rates earlier this month. All lenders have increased their interest rates by 0.25%. These will take affect at various times of the month depending on each lenders policy. Most of the major banks will increase their interest rate by mid month.
There is some good news. We have seen a decrease in 3 and 5 years fixed rate loans have fallen. We have seen a decrease between 0.25% to 0.75% across most lenders for owner occupied home loans and investment property loans. Fixed rate terms for 1 and 2 years have either remained stable or increased marginally.
Below we have listed some interest rates across commercial loan products. Please visit out main website for home loan interest rates.
HOME LOANS
$4,000 CASH BACK for home and investment loans for purchases and refinance over $250,000. For more information request a Home Loan Quote
| Loan Type |
Interest Rate |
Loan to Value |
Quotes |
| Variable Interest Rates |
|
|
|
|
| Variable to $1 million |
5.14% CPR 5.18% |
95% |
Enquire |
| Variable Over $1 million |
5.14% CPR 5.18% |
95% |
Enquire |
| Variable 100% Offset |
5.18% CPR 5.36% |
95% |
Enquire |
| Line of Credit |
6.35% CPR 6.47% |
95% |
Enquire |
| Fixed Interest Rates |
|
|
|
|
| 1 Year Fixed |
5.39% CPR 5.38% |
95% |
Enquire |
| 2 Year Fixed |
5.44% CPR 5.18% |
95% |
Enquire |
| 3 Year Fixed |
5.24% CPR 5.64% |
95% |
Enquire |
| 4 Year Fixed |
5.24% CPR 5.30% |
95% |
Enquire |
| 5 Year Fixed |
5.25% CPR 5.29% |
95% |
Enquire |
| 7 Year Fixed |
6.49% CPR 6.45% |
95% |
Enquire |
| 10 Year Fixed |
6.79% CPR 5.99% |
95% |
Enquire |
PROPERTY INVESTMENT LOANS
| Loan Type |
Interest Rate |
Loan to Value |
Quotes |
| Variable Interest Rates |
|
|
|
|
| Variable to $1 million |
5.44% CPR 5.48% |
95% |
Enquire |
| Variable Over $1 million |
5.44% CPR 5.48% |
95% |
Enquire |
| Variable 100% Offset |
5.48% CPR 5.69% |
95% |
Enquire |
| Line of Credit |
6.55% CPR 6.67% |
95% |
Enquire |
| Fixed Interest Rates |
|
|
|
|
| 1 Year Fixed |
5.44% CPR 7.11% |
95% |
Enquire |
| 2 Year Fixed |
5.64% CPR 5.59% |
95% |
Enquire |
| 3 Year Fixed |
5.44% CPR 7.07% |
95% |
Enquire |
| 4 Year Fixed |
5.49% CPR 5.54% |
95% |
Enquire |
| 5 Year Fixed |
5.49% CPR 5.54% |
95% |
Enquire |
| 7 Year Fixed |
6.74% CPR 6.44% |
95% |
Enquire |
| 10 Year Fixed |
7.09% CPR 7.05% |
95% |
Enquire |
WARNING: The comparison rates (CPR) for all home loans are based on secured credit of $150,000 and a term of 25 years. The comparison rate applies only to the example given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees and cost savings such as fee waivers are not included in the comparison rate but may influence the cost of the loan.
Smart Search Finance is not making any suggestion or recommendation about a particular credit product from this website. You may be viewing a product that is unsuitable for your lending needs. It is highly advised that you speak to one of our qualified licenced advisors or the relevant financial institution to ensure that interest rates, product information and your financial needs are suitable to apply for that product.
If you have any questions about these announcements or interest rates, please feel free to contact us.
Calculate the cost of commercial lending please feel free to use one of our calculators at home loan calculators.
For more information regarding interest rates for home and investment loans for owner occupied and investment purposes please visit home loans website.
If you have any questions about these announcements or interest rates, please feel free to contact us.
