Rate Rise Impact Calculator
See exactly how much your repayments change with each RBA rate move. Works for rate rises and rate cuts.
How Does the RBA Cash Rate Affect My Home Loan?
When the RBA changes the cash rate, banks typically pass on the full change to variable rate home loans within days. A 0.25% increase on a $600,000 loan adds approximately $94/month. Multiple rate changes compound — the 13 increases from May 2022 to November 2023 added over $1,200/month for the average Australian borrower.
Fixed rate loans are not affected immediately — but when your fixed period ends and you roll to variable, you face the current market rate. If you fixed at 2% in 2021 and your term expired in 2024, you moved to rates above 6% — a massive jump.
Frequently Asked Questions
A 0.25% RBA rate rise costs approximately $62/month per $300,000 of loan balance. On a $600,000 loan that is roughly $124/month extra. Use the calculator above for your exact loan.
Variable rate customers typically see rates rise within days of an RBA increase. Fixed rate customers are unaffected until their fixed period ends.
Make extra repayments to reduce your balance, use an offset account, switch to a lower rate lender, or fix a portion of your loan. Use our Offset Account Calculator to see how offset savings reduce your interest.