Where rates sit today — and the one number that moves them all.
Almost every loan rate in Australia takes its cue from the RBA cash rate. It's 4.35% right now, held at the June 2026 board meeting after three rises earlier in the year. Below is the trend that got us here, plus indicative rate ranges across the panel — not a "from X%" headline, because the sharpest rate for you depends on your loan size, LVR and credit profile.
The RBA cash rate, over the last two years.
The cash rate is the interest rate on overnight loans between banks — the reference point lenders build their variable rates on top of. When it moves, variable home, personal and car loan rates generally follow within a few weeks.
Cash-rate level at each change point over the trailing ~24 months: held at 4.35% into mid-2024, eased to 3.60% across 2025, then three consecutive +0.25 rises on 4 Feb, 18 Mar and 6 May 2026 returned it to 4.35%, held again in June 2026. Source: Reserve Bank of Australia, Cash Rate Target series.
Indicative owner-occupier & investor rate ranges.
These are indicative ranges only, as at 16 July 2026 — not offers, and not a "from X%" headline tied to one lender. The bar shows roughly where variable rates across the panel sit against the RBA's published market average. Your actual rate depends on your LVR, loan size and credit profile.
Anchor point: the RBA's Lenders' Interest Rates series put the average rate on new owner-occupier variable housing loans at 6.22% p.a. in May 2026 (outstanding loans 6.20%). We show a range around that because advertised rates vary by lender and loan features. Ranges are indicative estimates drawn from panel data, not an offer of credit or a quote. Rates move with the RBA cash rate; individual rates depend on the lender and your circumstances. Always compare the comparison rate — it folds most fees and charges in with the interest rate into a single figure.
Beyond home loans — indicative ranges.
Personal and car loan pricing is far more spread out than home loans, because it hinges on your credit profile and whether the loan is secured. Treat these as broad indicative bands as at 16 July 2026, not quotes.
Personal loans (unsecured)
The spread here is enormous. Borrowers with strong credit sit near the bottom of the range; a limited or impaired credit history pushes pricing much higher. Because it swings so widely on your individual profile, there's no meaningful single "headline" rate — a comparison across lenders is the only way to see your real number.
Car loans (secured)
Secured car loans are typically cheaper than an unsecured personal loan used for the same purchase, because the vehicle backs the debt. Newer cars and shorter terms generally price sharper. This band reflects secured car finance and, like every rate here, moves with the cash rate — confirm your live figure before relying on it.
What's shaping rates right now.
The cash rate doesn't move in a vacuum — inflation and the housing market feed the RBA's decisions and, in turn, what lenders advertise.
Sources: Reserve Bank of Australia (Cash Rate Target; Lenders' Interest Rates F-series, May 2026); Australian Bureau of Statistics (Consumer Price Index monthly indicator, 12 months to May 2026, released 24 June 2026). Figures are point-in-time and subject to revision.
Why the sharpest advertised rate isn't always the right one.
The rate is only half the cost
Two loans at the same interest rate can cost very differently once annual fees, offset accounts and redraw are counted. The comparison rate exists precisely to put fees and the interest rate on a like-for-like footing.
Serviceability buffers differ
Lenders assess you at a buffer above the actual rate, and that buffer isn't identical across banks and non-banks. Two lenders quoting a similar rate can still reach different borrowing capacities for the same borrower.
Your profile sets your price
LVR, loan size, income type and credit history all shift the rate a lender will actually offer you. That's why a single advertised number rarely reflects what any one person can get — a comparison does.
Every figure on this page is indicative — not an offer.
The rates and ranges shown are indicative only and current as at 16 July 2026. Rates move with the RBA cash rate, and the rate any individual receives depends on the lender and their circumstances — loan amount, LVR, income and credit profile. Nothing here is an offer of credit, a quote, a pre-approval, or a guarantee of a particular rate or approval.
When you compare loans, look at the comparison rate alongside the advertised rate: it combines the interest rate with most fees and charges into a single figure so you can weigh options on a like-for-like basis. For a deal-accurate number, we run your details across our panel of 50 lenders.
Source for cash-rate and average-rate figures: Reserve Bank of Australia and Australian Bureau of Statistics, as cited inline (May–June 2026 data). Indicative loan-rate ranges are drawn from panel data and are not lender-specific offers.
Rates, answered straight.
What is the current RBA cash rate?
The RBA cash rate is 4.35% p.a. It was held at the Reserve Bank's 16 June 2026 board meeting (effective 17 June 2026). Earlier in 2026 it rose in three steps — to 3.85% on 4 February, 4.10% on 18 March and 4.35% on 6 May — after easing through 2025. Source: Reserve Bank of Australia.
Will my home loan rate change when the cash rate moves?
If you're on a variable rate, generally yes — lenders usually pass RBA cash-rate changes through to variable-rate borrowers within a few weeks, though each lender decides its own timing and amount. Fixed rates stay put for the fixed term. The exact rate you're offered still depends on the lender and your circumstances.
Why don't you show a single "lowest rate" or a "from X%" headline?
Because a single advertised number rarely reflects what a given borrower can actually get. Your rate depends on your LVR, loan size, income type and credit profile, so we show indicative ranges and then compare your real situation across the panel — that's far more useful than a headline you may not qualify for.
What is a comparison rate and why does it matter?
A comparison rate combines the interest rate with most fees and charges into a single percentage, so you can weigh loans on a like-for-like basis. A loan with a lower advertised rate but higher fees can end up costing more — the comparison rate is designed to surface that. Always check it alongside the headline rate.
How do I find the sharpest rate for my situation?
Compare, rather than rely on one advertised figure. We assess your details across our panel of 50 lenders to see which would consider you and on what terms. it's complimentary to start, there's no credit check at that stage, and you'll get a clear, current picture rather than an indicative range.
How often is this page updated?
We refresh it around RBA decisions and lender repricing. The figures here are dated 16 July 2026 and are point-in-time — for a live, deal-accurate rate, use the comparison tool or speak with Richard, since advertised rates can change between updates.
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