RBA Cash Rate: 4.35%
The Reserve Bank of Australia increased the cash rate to 4.35% on 6 May 2026, a 25 basis point rise from 4.10%. This was the third increase of 2026, following moves to 3.85% (4 February) and 4.10% (18 March). Lenders typically pass RBA increases through to variable-rate borrowers within a few weeks. Source: Reserve Bank of Australia.
Home Loan Rates — Owner Occupied (Variable)
The table below shows indicative lowest owner-occupied variable rates by lender, as at June 2026 (sourced from our lender matrix). Your actual rate depends on LVR and credit profile — confirm your live rate with our comparison tool.
| Lender | OO Rate | Investment | Type |
|---|---|---|---|
| ANZ | 5.78% | 5.95% | Bank |
| Suncorp | 5.83% | 5.99% | Bank |
| Macquarie Bank | 5.84% | 5.94% | Bank |
| ING | 5.89% | 6.04% | Bank |
| Westpac | 5.92% | 6.11% | Bank |
| Bankwest | 5.94% | 6.19% | Bank |
| NAB | 5.97% | 6.07% | Bank |
| CBA | 5.99% | 6.17% | Bank |
| La Trobe Financial | 6.24% | — | Non-bank |
| Liberty | 6.24% | 6.59% | Non-bank |
| Pepper Money | 6.39% | 6.59% | Non-bank |
Personal Loan Rates
The lowest personal loan rate in Australia as of June 2026 is 5.76% from Harmoney. Rates vary significantly based on credit score — borrowers with excellent credit (800+) typically receive rates under 9%, while those with poor credit may pay 18-25%.
| Lender | Rate From | Type |
|---|---|---|
| Harmoney | 5.76% | Unsecured |
| MoneyMe | 6.24% | Unsecured |
| Wisr | 7.44% | Unsecured |
| SocietyOne | 9.20% | Unsecured |
| Westpac | 9.24% | Both |
| ANZ | 9.74% | Both |
| Liberty | 13.24% | Both |
| Pepper Money | 14.24% | Both |
Car Loan Rates
The table below reflects car loan rates verified in March 2026 and is being refreshed following the May RBA increase. Secured car loans are typically 1-3% cheaper than unsecured personal loans used for car purchases; confirm your live rate with our comparison tool.
| Lender | Rate From | Type |
|---|---|---|
| Westpac | 6.99% | Bank |
| Great Southern Bank | 6.99% | Bank |
| UniBank | 7.49% | Bank |
| Plenti | 7.49% | Non-bank |
| Liberty | 8.49% | Non-bank |
| Pepper Money | 8.99% | Non-bank |
Non-Bank vs Bank: Why It Matters
Non-bank lenders consistently offer lower rates than the Big 4 banks. They also use a lower serviceability buffer (2.00-2.75% vs banks' 3.00%), meaning borrowers can qualify for $50,000-$100,000 more through a non-bank. Both are regulated by ASIC and must follow responsible lending laws.
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