Big four bank home loan rates compared
Which big four bank has the lowest home loan rate?
In the Ratesniffers verified 80% LVR snapshot dated 2 October 2026, the lowest big four owner-occupier variable comparison rate is ANZ at 6.54% p.a. (6.54% comparison), and the highest is NAB at 6.99% p.a. (7.12% comparison), a gap of 58 basis points. All four passed the 29 September 2026 RBA rise on to variable rates 10 days after the decision.
CommBank, Westpac, NAB and ANZ rates side by side
Each figure is the bank's lowest exact verified rate for that loan type at 80% LVR in the 2 October 2026 snapshot, shown with the comparison rate from the same product. Where a bank has no verified row for a loan type, the cell says so rather than guessing.
| Loan type | CommBank | Westpac | NAB | ANZ |
|---|---|---|---|---|
| Owner occupier variable, P&I | 6.49% p.a. (6.62% comparison) | 6.49% p.a. (6.85% comparison) | 6.99% p.a. (7.12% comparison) | 6.54% p.a. (6.54% comparison) |
| 1 year fixed, owner occupier P&I | 6.78% p.a. (7.98% comparison) | 6.84% p.a. (6.89% comparison) | 6.79% p.a. (7.09% comparison) | 6.49% p.a. (7.26% comparison) |
| 2 year fixed, owner occupier P&I | 6.82% p.a. (7.89% comparison) | 6.84% p.a. (6.92% comparison) | 6.81% p.a. (7.08% comparison) | 6.49% p.a. (7.09% comparison) |
| 3 year fixed, owner occupier P&I | 6.89% p.a. (7.83% comparison) | No verified row | 6.92% p.a. (7.09% comparison) | 6.64% p.a. (7.06% comparison) |
| 5 year fixed, owner occupier P&I | 6.94% p.a. (7.72% comparison) | No verified row | 6.94% p.a. (7.09% comparison) | 6.69% p.a. (6.99% comparison) |
| Investor variable, P&I | 6.69% p.a. (6.82% comparison) | 6.69% p.a. (7.05% comparison) | 7.29% p.a. (7.41% comparison) | 6.79% p.a. (6.79% comparison) |
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 based on a loan of $150,000 over a term of 25 years.
The information provided on this site is general in nature and does not take into account your objectives, financial situation or needs. Before acting on any information, consider whether it is appropriate for you and read the relevant Credit Guide and lender disclosures.
How fast each major passed on the 29 September 2026 RBA rise
| Bank | Variable rate change effective | Days after RBA decision | Bank's current cash rate call |
|---|---|---|---|
| CommBank | 9 October 2026 | 10 | Expected the 29 September rise to 4.60%; now sees 50 basis points of cuts in 2027, the first in August 2027 and another in November 2027. (21 September 2026, bank's site) |
| Westpac | 9 October 2026 | 10 | Expected the 29 September rise to 4.60%, with a risk of a follow-up rise if inflation stays elevated; rate cuts still expected to begin from August 2027. (21 September 2026, bank's site) |
| NAB | 9 October 2026 | 10 | Cash rate to stay on hold at the 3 November meeting, peaking at 4.60%, while noting the risk that further tightening may be required; core inflation back in the target band by the end of 2027. (30 September 2026, bank's site) |
| ANZ | 9 October 2026 | 10 | No cash rate forecast published on ANZ's own site since its 7 May 2026 extended-hold call. Industry press has reported a November rise call since 27 August; it is not recorded here until ANZ publishes it. (7 May 2026, bank's site) |
Every lender's pass-through for all four 2026 rises is on the rate change tracker, and each bank's calls are scored against the RBA's decisions on the rate forecast scorecard.
Frequently asked
Which big four bank has the lowest home loan rate?
In the Ratesniffers verified 80% LVR snapshot dated 2 October 2026, the lowest big four owner-occupier variable comparison rate is ANZ at 6.54% p.a. (6.54% comparison), and the highest is NAB at 6.99% p.a. (7.12% comparison), a gap of 58 basis points. All four passed the 29 September 2026 RBA rise on to variable rates 10 days after the decision.
Did the big four banks pass on the RBA rate rise?
Yes. After the RBA rise on 29 September 2026, CommBank from 9 October 2026, Westpac from 9 October 2026, NAB from 9 October 2026, ANZ from 9 October 2026, each by 0.25 percentage points to variable home loan rates, Ratesniffers records from the banks' own announcements.
Are the big four banks more expensive than smaller lenders?
Often, on advertised rates. The Ratesniffers home loan rate index measures the gap between the big four average and the rest of the verified panel each month, and the comparison tables rank every lender by comparison rate so a major and a mutual can be weighed on the same figure.
General information only. It does not take your objectives, financial situation or needs into account. Rates are advertised rates from a dated verified snapshot at 80% LVR; the rate a lender approves can differ.