Stay informed with the latest RBA cash rate, home loan rates, and savings account rates
The Reserve Bank of Australia (RBA) cash rate is the overnight money market interest rate. It is the rate charged on overnight loans between financial intermediaries.
The RBA Board meets 11 times per year to set monetary policy and determine the cash rate target.
Compare current home loan rates from Australian lenders
Maximize your savings with competitive interest rates
Introductory rates for new customers, with conditions such as monthly deposits and limited withdrawals.
Base interest rates without conditions, offering flexibility and easy access to your funds.
Lock in a fixed rate for 3-12 months. Higher rates for larger deposits and longer terms.
Calculate your estimated loan repayments
Understanding your potential home loan repayments is crucial when planning to purchase property in Australia. Our free loan repayment calculator helps you estimate your monthly mortgage payments based on the loan amount, interest rate, and loan term you specify. Whether you're a first-home buyer exploring your options, a homeowner considering refinancing, or a property investor evaluating your next purchase, this tool provides instant clarity on what your repayments might look like.
With Australian interest rates fluctuating based on RBA decisions and lender competition, it's essential to model different scenarios before committing to a home loan. Our calculator uses the standard amortization formula used by banks to give you accurate estimates. Simply enter your figures below to see your estimated monthly repayments, total interest costs, and the overall amount you'll pay over the life of your loan.
*This calculator provides estimates only. Actual repayments may vary.
To get started, simply enter your loan details in the fields above. Input your desired loan amount (the total you wish to borrow), the interest rate (check current rates on our home loans section), and your preferred loan term in years. The calculator instantly updates to show your estimated monthly repayment, the total interest you'll pay over the loan term, and the total amount including both principal and interest.
For the most accurate estimates, use the current average interest rates we display for your loan type—whether that's an owner-occupier variable rate, fixed rate, or investment loan rate. Remember that these are estimates only, and actual rates offered by lenders may vary based on your credit history, deposit size, and overall financial position.
Our calculator uses the same standard amortization formula that Australian banks use to calculate home loan repayments. It provides a reliable estimate based on the figures you input. However, actual loan repayments may differ slightly due to fees, the specific day your loan settles, and how your lender calculates interest (daily or monthly). Always confirm final figures with your chosen lender before signing a loan contract.
We recommend using the current average rates displayed in our home loans section as a starting point. Variable rates currently range from 5.99% to 6.99% for owner-occupiers, while fixed rates range from 5.69% to 6.49%. If you've received a specific rate quote from a lender, enter that rate for a more accurate estimate of your potential repayments with that particular loan.
This calculator calculates principal and interest repayments only. It does not include additional costs such as establishment fees, ongoing account fees, lenders mortgage insurance (LMI) if your deposit is below 20%, or government charges like stamp duty. For a complete picture of loan costs, look at the comparison rate offered by lenders, which incorporates most fees into a single percentage figure. Learn more about comparison rates in our comprehensive guide.
Expert insights and guides on Australian interest rates
Learn when and how to refinance your home loan to potentially save thousands in interest payments. Our complete guide covers costs, timing, and step-by-step instructions.
Discover why comparison rates matter, how they're calculated, and how to use them to find the best home loan deal in Australia.
Explore how inflation influences RBA decisions and what rising or falling inflation means for your mortgage repayments and savings.
Interest rates represent the cost of borrowing money or the return on savings. In Australia, interest rates play a crucial role in the economy, affecting everything from home loans and personal finances to business investments and economic growth. The Reserve Bank of Australia (RBA) sets the official cash rate, which influences interest rates across the financial system.
Interest rates impact Australian households and businesses in multiple ways. For borrowers, higher interest rates mean increased costs on mortgages, personal loans, and credit cards. Conversely, savers benefit from higher rates through better returns on savings accounts and term deposits. Understanding current interest rate trends helps you make informed financial decisions, whether you're buying a home, refinancing a loan, or choosing where to save your money.
The Reserve Bank of Australia is responsible for monetary policy and setting the cash rate target. The RBA Board meets regularly to assess economic conditions, including inflation, employment, and economic growth. By adjusting the cash rate, the RBA aims to maintain price stability and full employment while supporting the economic prosperity of Australians. Interest rate decisions by the RBA have flow-on effects throughout the banking system and broader economy.
With numerous lenders offering various products in the Australian market, comparing interest rates is essential for getting the best deal. Home loan rates, savings account rates, and term deposit rates can vary significantly between financial institutions. Factors affecting rates include the type of loan, loan-to-value ratio, loan term, and whether rates are fixed or variable. At Interest-Rates.au, we help you stay informed about current interest rates across different products, enabling you to make smart financial choices in 2025 and beyond.