RBA Rate Tracker Home Loan

Always know where you stand with your home loan interest rate.

A great interest rate and certainty too!

The RBA Rate Tracker home loan is a home loan which tracks the movements of the Reserve Bank of Australia (RBA) cash rate. If the RBA shifts interest rates up or down, your interest rate also moves by the same percentage.

Plus with an RBA Rate Tracker home loan, we promise to change your home loan interest rate effective within two working days after an RBA cash rate change.

With an RBA Rate Tracker home loan you will always know where you stand!

This home loan won the 'Innovative Mortgage Offering of the Year' category at the prestigious 27th annual Australian Retail Banking Awards

Most Innovative Mortgage Offering of the Year
Australian Retail Banking Awards 2017

How it works.

Your RBA Rate Tracker home loan interest rate consists of the RBA cash rate and a fixed margin applied by the bank. If the RBA cash rate falls by 0.25%, your home loan interest rate will also fall by the same amount. You’ll pay the new RBA cash rate and the fixed margin.

For example, if the RBA cash rate is 1.5% and the margin applied by Auswide Bank is 2.49%, your home loan interest rate would be 3.99%p.a. If the RBA cash rate fell by 0.25% to 1.25% your new home loan interest rate would be 3.74%p.a. Similarly if the RBA cash rate increased, so would your home loan interest rate.

The only exception is if the RBA cash rate falls to 0% or below in the future. Under those circumstances, you would continue to only pay the fixed margin.

Apart from certainty, a competitive rate and a low establishment fee, at Auswide Bank you can always count on being supported, with obligation free advice by a Home Lending Consultant who is always approachable and available.

Enquire Online Lending Consultants Switch to Auswide Home Loans Calculators

With an RBA Rate Tracker home loan, you can enjoy:

  • Certainty about what will happen to your loan interest rate if the Reserve Bank of Australia changes the ‘cash rate’.
  • Certainty about when Auswide Bank will ‘pass on’ an RBA cash rate decrease or increase.
  • Competitive rate with no monthly loan account service fee.
  • Easy application process & pre-approval
  • Direct line now and in the future to an experienced Home Lending Consultant.
  • Borrow up to 80% of purchase price/valuation for owner occupied purchases
  • Loan terms up to 30 years
  • Pay off your loan sooner with the choice of weekly, fortnightly, monthly repayments or extra, lump sum or larger payments
  • Redraw any extra money you've deposited~
  • Internet, Mobile and Phone Banking convenience – check your loan balance, account history and send us secure emails about your loan.
  • The ability to have a holiday from repayments when you get ahead on repayments – perfect when taking a career break or going on maternity leave
  • The option of 90 days free introductory home building insurance when purchasing an existing residential property
  • The option of Mortgage Repayment Insurance to protect you and your loved ones against not being able to make your repayments if you're unable to work due to injury or illness.
  • Convenience of an Auswide Bank transaction account in order to manage your day to day banking needs. If you have a direct credit of your salary or income we will waive any monthly account service fee#.

Loan Fees

Please review our Home Loan Fees & Charges for full details.

Interest Rates

Please review our Home Loan Interest Rate Schedule »

Home Loan or Line of Credit Application

Auswide Bank gives you great options for applying for or enquiring about our home loans. If you are unable to visit one of our branches why not apply now!

Apply Now

Please save the interactive PDF Home Loan Application form to your computer and complete all sections of the application to the best of your ability. Some information required includes:

  • Full names, addresses and contact details of all applicants
  • Occupation/Employer details
  • Gross monthly income from all sources
  • Asset Details (List of what you own, such as property, motor vehicles, shares, furniture, superannuation, and their values)
  • Existing Loans (Home Loans, Personal Loans, Leasing Contracts, Hire Purchase)
  • Credit Card Limits and Current Balances
  • Savings Account Details
  • Details of the property you are offering as security for the loan
  • We will also require your consent to complete a credit check on each applicant (and guarantor, if relevant) with a recognised credit reporting agency.

To submit your application, please print out your completed Loan Application, sign and return to Auswide Bank via one of the following methods:

  • Scan and email to: cc@auswidebank.com.au
  • Free Post to (no stamp required):
    Auswide Bank Home Loans
    Reply Paid 1063
    Bundaberg Qld 4670
  • Fax to: (07) 4152 3299

Our helpful Lending Consultants will be happy to follow up with any further information required when we review your application.

What Happens Next?

After receipt of your Loan Application we will assess your application and contact you within the next business day.

This will allow us to obtain any further information that may be required for approval and discuss the particulars of your application (including details of applicable fees and charges).

We also need to obtain a valuation of the property(s) being offered as security, and in certain circumstances, the approval of our mortgage insurers.

You will be required to pay for this non-refundable valuation. This is the only up-front fee payable for processing your application.

We will also need to obtain certain documentation verifying the information provided in your application. The documentation will differ for home loan or line of credit applications. Once again one of our Loans Consultants will advise you exactly what is required in your case.

After receipt of the valuation and documentation and approval of your application - you will be sent a written offer that contains the full terms and conditions of the proposed loan.

Enquire Online if you would like more information on our requirements or the loans process.


The RBA Rate Tracker Home Loan is only available to new ‘owner-occupied’ borrowers for purchase of residential property or refinance of a loan held at another credit provider. Loans available to a maximum LVR of 80%. Not available on vacant land, construction of property investment. Not available for loan-preapprovals. Principal & Interest only payments available. No fixed rate option available. No offset account is available. #The borrower will be required to hold an Auswide Bank transaction account in at least one of the same names as the borrower’s loan account. The monthly account service fee will be waived if the borrower has a regular direct salary credit to the account.

This information is a summary of features & benefits only. This is not an offer to lend - credit assessment criteria, terms and conditions & fees and charge apply - full details on application. Loans are only available to approved applicants offering security in approved property in Australia.

Prior to entering into a credit contract with us you should read our Credit Guide.

^Deposit criteria may vary depending on the location and type of property being used as security.

~Redraw is subject to Auswide Bank’s discretion – limits may apply.