Have Your Rates Changed? Lender Changes October 2026

By Scott McDonnell posted on October 09, 2026

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The RBA’s decision to increase interest rates 0.25% last week is now being carried on by lenders to borrowers. With interest rates now on the rise, it’s important to check whether your home loan repayments are about to increase.

(Confirmed as of 5/10/2026)

Lenders With a 0.25% increase

The lenders listed below are those that have decided to carry over the RBA’s 0.25% increase, meaning that if you have a variable rate home loan with one of these lenders, your interest repayments will increase.

    • RedQ- Effective 30th of September for existing. New borrowers to be advised.
    • Skip (LMG) – Effective 1st of October for new borrowers, 6th of October for existing borrowers.
    • AMP Bank – Effective 2nd of October for new borrowers, 6th of October for existing borrowers.
    • ME – Effective 3rd of October.
    • Orde –  Effective 5th of October.
    • BrightQ – Effective 6th of October.
    • Zeus – Effective 6th of October.
    • Bendigo Bank – Effective 7th of October.
    • First Mac – Effective 7th of October.
    • Great Southern Bank – Effective 7th of October.
    • Hume Bank – Effective 7th of October.
    • Credit Union SA (SA only) – Effective 8th of October.
    • MyState – Effective 8th of October.
    • Teachers Mutual Bank – Effective 8th of October.
    • Ubank – Effective 8th of October.
    • ANZ – Effective 9th of October.
    • Bank of Melbourne (Vic only) –Effective 9th of October.
    • Bank of SA (SA only) – Effective 9th of October.
    • Bankwest – Effective 9th of October.
    • Commonwealth Bank – Effective 9th of October.
    • ING DIRECT – Effective 9th of October.
    • Liberty Financial – Effective 9th of October.
    • NAB – Effective 9th of October.
    • Pepper Money – Effective 9th of October.
    • Resimac – Effective 9th of October.
    • St. George (not Vic or SA) – Effective 9th of October.
    • Westpac – Effective 9th of October.
    • Apollo – Effective 13th of October.
    • Beyond Bank – Effective 13th of October.
    • P&N Bank (WA Only) – Effective 13th of October.
    • People’s First Bank – Effective 13th of October.
    •  Bank Australia – Effective 15th of October.
    • Macquarie – Effective 15th of October.
    • Bank First – Effective 16th of October.

Concerned About Rising Rates?

Rising rates can be stressful, but with the right support, they can be navigated with ease. Reach out to your local MoneyQuest broker to explore your options.

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Disclaimer:

This article is written to provide a summary and general overview of the subject matter covered for your information only. Every effort has been made to ensure the information in the article is current, accurate and reliable. This article has been prepared without taking into account your objectives, personal circumstances, financial situation or needs. You should consider whether it is appropriate for your circumstances. You should seek your own independent legal, financial and taxation advice before acting or relying on any of the content contained in the articles and review any relevant Product Disclosure Statement (PDS), Terms and Conditions (T&C) or Financial Services Guide (FSG).

Please consult your financial advisor, solicitor or accountant before acting on information contained in this publication.

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