Auswide Bank RBA Rate Tracker Home Loan

3.99% p.a.

4.01% p.a.

$0.00

Auswide Bank RBA Rate Tracker Home Loan

3.99% p.a.

4.01% p.a.

$0.00

Mozo Review   Auswide Bank RBA Rate Tracker Home Loan Review

Last updated: 28 August 2018.

What's hot:
  • Low 3.99% variable rate (4.01% comparison rate)

  • Maximum loan limit of $3,500,000

  • Free extra repayments and redraw facility

What's not:
  • No offset facility available

Mozo snapshot:

Sick of your lender failing to pass on the Reserve Bank of Australia’s interest rate cuts? Tipping that the RBA will make rate cuts in the near future? Well, have we got the home loan for you.

The RBA Rate Tracker Home Loan by Auswide Bank promises to pass on any percentage rate changes implemented by the Reserve Bank in full and when you consider its current rate is just 3.99% (4.01%) you really are starting off on the right foot. You'll also have flexible choices of repayments, free extra repayments and redraw facility and the option for a repayment holiday. There is also a $300 application fee and a $350 discharge fee.

Key features:

When you sign up with this loan you’ll receive a competitive 3.99% variable interest rate (4.01% comparison rate). Furthermore, the RBA Rate Tracker Home Loan promises to reward you in full with any Reserve Bank rate reductions, that discount within just 2 working days. 

When you consider that some banks take weeks to pass on RBA rate cuts, this really is a great value offering and could end up saving you some significant coin. But of course, keep in mind if there are any rate increases down the track, you’ll be hit with a speedy rate hike on your loan.

The RBA Rate Tracker Home Loan is available to owner occupiers, who are only looking to borrow up to 80% of the property’s value. The loan range is also very large, allowing loans from $150,000 all the way to $3,500,000. 

When it comes to features, there's plenty on offer - such as your choice of repayments either weekly, fortnightly or monthly.

Also, you'll be able to make free extra repayments to save yourself on some interest. And you can make free redraws from these early repayments with no minimum redraw amount required. Moreso, if you're ahead on your repayments, you have the option to take repayment holiday. 

Plus, there's no ongoing fees you'll need to pay

Who it's good for:

If you are looking for a low rate home loan that gives you the certainty that your lender will pass on RBA rate changes in full and within a short timeframe, then the RBA Rate Tracker Home Loan is an ideal choice.

Any catches?

The lack of ongoing fees is great, however there is a $300 application fee and a $350 discharge fee that make the start and end of the loan a little more costly. 

Details

Rates and fees information correct as at 14 November 2018. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 3.99% p.a.

  • n/a

  • 0 Months

  • none

  • 4.01% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $300.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $0.00

  • $350.00

Other financial bits
  • $150,000

  • $3,500,000

  • none

  • 80.00%

Features
  • Owner Occupier

  • Principal & Interest, Interest Only

  • Weekly, Fortnightly, Monthly

  • yes - free

  • yes

  • yes

  • $0.00

  • no

  • no

  • Transaction account must be held by the customer with Auswide Bank.

  • Variable rate tracks the movements of the RBA cash rate and will move by the same percentage.

*WARNING: This comparison rate applies only to the example or examples 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. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Customer Reviews

How are Auswide Bank home loans rated by the Mozo community?

Overall customer rating
7.7/10
Price
6.5/10
Features
6.5/10
Customer service
8.0/10
Convenience
7.1/10
Trust
7.7/10
Auswide Bank

About Auswide Bank

No matter where you live in Australia, Auswide Bank is committed to delivering great products backed by exceptional service. Operating for nearly 50 years and formerly known as Wide Bay Australia, they offer competitive pricing and fully featured home and personal loans, credit cards, term deposits and savings accounts including access to an Australian-wide ATM network.

See Auswide Bank home loans

Promoted

loans.com.au

loans.com.au

Essentials Variable

3.64% p.a. variable

3.66% p.a.

$520

Promoted

HSBC

HSBC

Home Value Loan

3.59% p.a. variable

3.61% p.a.

$150

Promoted

State Custodians

State Custodians

Low Rate Home Loan with Offset

3.68% p.a. variable

3.69% p.a.

$0

Promoted

UBank

UBank

UHomeLoan - Offer

3.59% p.a. variable

3.59% p.a.

$0

Promoted

NAB

NAB

Base Variable Rate Home Loan

3.87% p.a. variable

3.91% p.a.

$600

Promoted

Bank Australia

Bank Australia

Basic Home Loan

3.65% p.a. variable

3.66% p.a.

$0

Promoted

Virgin Money

Virgin Money

Reward Me Variable Rate Home Loan

3.68% p.a. variable

3.82% p.a.

$150

Promoted

Well Home Loans

Well Home Loans

Well Balanced

3.49% p.a. variable

3.53% p.a.

$600

Promoted

loans.com.au

loans.com.au

Essentials Variable

3.64% p.a.

3.66% p.a.

$520

Promoted

UBank

UBank

UHomeLoan - Offer

3.59% p.a.

3.59% p.a.

$0

Promoted

NAB

NAB

Base Variable Rate Home Loan

3.87% p.a.

3.91% p.a.

$600

Promoted

State Custodians

State Custodians

Low Rate Home Loan with Offset

3.68% p.a.

3.69% p.a.

$0

Promoted

Newcastle Permanent

Newcastle Permanent

Variable Home Loan (Premium Plus Package)

3.82% p.a.

4.22% p.a.

$0

Promoted

HSBC

HSBC

Home Value Loan

3.59% p.a.

3.61% p.a.

$150

Promoted

Well Home Loans

Well Home Loans

Well Balanced

3.49% p.a.

3.53% p.a.

$600

Promoted

Homestar

Homestar

Variable Rate Loan

3.54% p.a.

3.59% p.a.

$567

Promoted

UBank

UBank

UHomeLoan (Fixed)

3.74% p.a.
fixed 3 years

4.01% p.a.

$395

Promoted

loans.com.au

loans.com.au

Smart Loan Fixed (Package)

3.99% p.a.
fixed 3 years

4.31% p.a.

$520

Promoted

Newcastle Permanent

Newcastle Permanent

Fixed Rate Home Loan

3.99% p.a.
fixed 3 years

4.82% p.a.

$0

Promoted

Virgin Money

Virgin Money

Reward Me Fixed Rate Home Loan

3.87% p.a.
fixed 3 years

4.02% p.a.

$150

Promoted

NAB

NAB

Tailored Home Loan (Fixed, Choice Package)

3.99% p.a.
fixed 3 years

4.86% p.a.

$0

Promoted

Bank Australia

Bank Australia

Basic Home Loan (Fixed)

3.89% p.a.
fixed 3 years

3.91% p.a.

$0

Promoted

Beyond Bank

Beyond Bank

Fixed Rate Total Home Loan (Package)

3.83% p.a.
fixed 3 years

4.89% p.a.

$0

Promoted

UBank

UBank

UHomeLoan (Fixed)

3.74% p.a.
fixed 3 years

4.01% p.a.

$395

Promoted

loans.com.au

loans.com.au

Essentials Variable

3.64% p.a.

3.66% p.a.

$0.00

Promoted

HSBC

HSBC

Home Value Loan

3.59% p.a.

3.61% p.a.

$0.00

Promoted

State Custodians

State Custodians

Low Rate Home Loan with Offset

3.68% p.a.

3.69% p.a.

$0.00

Promoted

UBank

UBank

UHomeLoan - Offer

3.59% p.a.

3.59% p.a.

$0.00

Promoted

NAB

NAB

Base Variable Rate Home Loan

3.87% p.a.

3.91% p.a.

$0.00

Promoted

Bank Australia

Bank Australia

Basic Home Loan

3.65% p.a.

3.66% p.a.

$0.00

Promoted

Virgin Money

Virgin Money

Reward Me Variable Rate Home Loan

3.68% p.a.

3.82% p.a.

$10.00 monthly

Promoted

Well Home Loans

Well Home Loans

Well Balanced

3.49% p.a.

3.53% p.a.

$0.00

*WARNING: This comparison rate applies only to the example or examples 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. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.