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MCCA home loan rates

MCCA's lowest advertised variable rate for a home you live in and pay down is 6.43%, if you owe up to 80% of the home’s value. It was read Monday 2 November, and is 0.58 percentage points above the going rate of 5.85% across every lender. Its lowest fixed rate is 7.10%, fixed for one year.

Since the Reserve Bank’s increase on Tuesday 29 September, MCCA has raised its lowest advertised variable rate from 6.18% to 6.43%. The change was first seen Thursday 8 October. After the Reserve Bank’s increase has every lender.

90 advertised rates across 13 products, published by MCCA under the Consumer Data Right. Last read Monday 2 November, yesterday. No lender pays to be listed.

Where it sits

6.43% MCCA, lowest variable rate if you owe up to 80%

5.85% The going rate

0.58 percentage points above the going rate

The going rate is the lowest rate at least three lenders reach, so one lender's odd price cannot set it.

Both are advertised new-customer rates. A negotiated discount is in neither. Read your own rate against this.

Lowest variable rate, if you owe up to 80%: 6.43%
Lowest fixed rate: 7.10%, one year
Lowest comparison rate: 6.50%
Rates published: 90, across 13 products
Last rate move: Friday 30 October
Last read: Monday 2 November

For a home you live in and pay down. The other loan types are in the tables below.

Lenders set a different rate for each LVR band, shown as how much you owe. LVR is what you owe as a share of the home's value.

Owner-occupied, principal and interest

Variable

Amlak Select Basic · owe up to 80% · 6.43% (6.50% with fees)
Amlak Premium Basic · owe up to 80% · 6.49% (6.56% with fees)
Amlak Select Offset · owe up to 80% · 6.54% (6.61% with fees)
Amlak Premium Offset · owe up to 80% · 6.59% (6.66% with fees)
Amlak Select Basic · owe 80.01–90% · 6.64% (6.71% with fees)
Amlak Premium Basic · owe 80.01–90% · 6.68% (6.75% with fees)
Amlak Select Offset · owe 80.01–90% · 6.69% (6.76% with fees)
Amlak Premium Offset · owe 80.01–90% · 6.78% (6.85% with fees)

Fixed

Amlak Select Fixed · one year · owe up to 90% · 7.10% (6.67% with fees)
Amlak Select Fixed · two years · owe up to 90% · 7.10% (6.72% with fees)
Amlak Select Fixed · three years · owe up to 90% · 7.10% (6.77% with fees)
Amlak Premium Fixed · one year · owe up to 90% · 7.20% (6.72% with fees)
Amlak Premium Fixed · two years · owe up to 90% · 7.20% (6.78% with fees)
Amlak Premium Fixed · three years · owe up to 90% · 7.20% (6.84% with fees)
Amlak Select Fixed · four years · owe up to 90% · 7.40% (6.93% with fees)
Amlak Select Fixed · five years · owe up to 90% · 7.40% (7.00% with fees)
Amlak Premium Fixed · four years · owe up to 90% · 7.50% (7.00% with fees)
Amlak Premium Fixed · five years · owe up to 90% · 7.50% (7.07% with fees)

Owner-occupied, interest only

18 rates

Variable

Amlak Select Basic · owe up to 80% · 6.55% (6.55% with fees)
Amlak Premium Basic · owe up to 80% · 6.59% (6.60% with fees)
Amlak Select Offset · owe up to 80% · 6.65% (6.65% with fees)
Amlak Premium Offset · owe up to 80% · 6.69% (6.70% with fees)
Amlak Select Construction · owe up to 80% · 7.65% (7.09% with fees)
Amlak Premium Construction · owe up to 80% · 7.69% (7.14% with fees)
Amlak Select Construction · owe 80.01–90% · 7.92% (7.30% with fees)
Amlak Premium Construction · owe 80.01–90% · 7.96% (7.37% with fees)

Fixed

Amlak Select Fixed · one year · owe up to 80% · 7.50% (6.81% with fees)
Amlak Select Fixed · two years · owe up to 80% · 7.50% (6.89% with fees)
Amlak Select Fixed · three years · owe up to 80% · 7.50% (6.96% with fees)
Amlak Premium Fixed · one year · owe up to 80% · 7.60% (6.86% with fees)
Amlak Premium Fixed · two years · owe up to 80% · 7.60% (6.94% with fees)
Amlak Premium Fixed · three years · owe up to 80% · 7.60% (7.02% with fees)
Amlak Select Fixed · four years · owe up to 80% · 7.80% (7.14% with fees)
Amlak Select Fixed · five years · owe up to 80% · 7.80% (7.23% with fees)
Amlak Premium Fixed · four years · owe up to 80% · 7.90% (7.21% with fees)
Amlak Premium Fixed · five years · owe up to 80% · 7.90% (7.29% with fees)

Investment, principal and interest

18 rates

Variable

Amlak Select Basic · owe up to 80% · 6.66% (6.73% with fees)
Amlak Premium Basic · owe up to 80% · 6.69% (6.76% with fees)
Amlak Select Offset · owe up to 80% · 6.79% (6.86% with fees)
Amlak Premium Offset · owe up to 80% · 6.79% (6.86% with fees)
Amlak Select Basic · owe 80.01–90% · 6.89% (6.96% with fees)
Amlak Premium Basic · owe 80.01–90% · 6.89% (6.96% with fees)
Amlak Select Offset · owe 80.01–90% · 6.99% (7.06% with fees)
Amlak Premium Offset · owe 80.01–90% · 6.99% (7.06% with fees)

Fixed

Amlak Select Fixed · one year · owe up to 90% · 7.30% (6.92% with fees)
Amlak Select Fixed · two years · owe up to 90% · 7.30% (6.96% with fees)
Amlak Select Fixed · three years · owe up to 90% · 7.30% (7.01% with fees)
Amlak Premium Fixed · one year · owe up to 90% · 7.40% (6.93% with fees)
Amlak Premium Fixed · two years · owe up to 90% · 7.40% (6.99% with fees)
Amlak Premium Fixed · three years · owe up to 90% · 7.40% (7.04% with fees)
Amlak Select Fixed · four years · owe up to 90% · 7.60% (7.17% with fees)
Amlak Select Fixed · five years · owe up to 90% · 7.60% (7.23% with fees)
Amlak Premium Fixed · four years · owe up to 90% · 7.70% (7.21% with fees)
Amlak Premium Fixed · five years · owe up to 90% · 7.70% (7.28% with fees)

Investment, interest only

22 rates

Variable

Amlak Premium Basic · owe up to 80% · 6.79% (6.80% with fees)
Amlak Select Basic · owe up to 80% · 6.89% (6.83% with fees)
Amlak Select Offset · owe up to 80% · 6.89% (6.90% with fees)
Amlak Premium Offset · owe up to 80% · 6.89% (6.90% with fees)
Amlak Select Basic · owe 80.01–90% · 6.99% (7.00% with fees)
Amlak Premium Basic · owe 80.01–90% · 6.99% (7.00% with fees)
Amlak Select Offset · owe 80.01–90% · 7.09% (7.10% with fees)
Amlak Premium Offset · owe 80.01–90% · 7.09% (7.10% with fees)
Amlak Premium Construction · owe up to 80% · 7.79% (7.36% with fees)
Amlak Select Construction · owe up to 80% · 7.79% (7.36% with fees)
Amlak Premium Construction · owe 80.01–90% · 8.11% (7.62% with fees)
Amlak Select Construction · owe 80.01–90% · 8.11% (7.62% with fees)

Fixed

Amlak Select Fixed · one year · owe up to 80% · 7.70% (7.05% with fees)
Amlak Select Fixed · two years · owe up to 80% · 7.70% (7.12% with fees)
Amlak Select Fixed · three years · owe up to 80% · 7.70% (7.19% with fees)
Amlak Premium Fixed · one year · owe up to 80% · 7.80% (7.06% with fees)
Amlak Premium Fixed · two years · owe up to 80% · 7.80% (7.14% with fees)
Amlak Premium Fixed · three years · owe up to 80% · 7.80% (7.22% with fees)
Amlak Select Fixed · four years · owe up to 80% · 8.00% (7.37% with fees)
Amlak Select Fixed · five years · owe up to 80% · 8.00% (7.45% with fees)
Amlak Premium Fixed · four years · owe up to 80% · 8.10% (7.41% with fees)
Amlak Premium Fixed · five years · owe up to 80% · 8.10% (7.50% with fees)

Restricted to particular groups

Product	Who it is for	Rate
Amlak Select Package (No Offset)	a particular group only, per its published conditions	6.34%
Amlak Premium Package (No Offset)	a particular group only, per its published conditions	6.39%
Amlak Select Package (With Offset)	a particular group only, per its published conditions	6.44%
Amlak Premium Package (With Offset)	a particular group only, per its published conditions	6.49%
Amlak SMSF	a particular group only, per its published conditions	7.29%

The data says a product is restricted. It never says whether you would get it. On the comparison every one of these can be put back with a click, and every figure is worked out again.

What changed

MCCA last moved a rate on Friday 30 October. Every rate is read each morning and has come back the same since.

Every lender that publishes rates, and every rate move since capture began.

Beside it

Of 93 lenders with a variable rate anyone could take for a home you live in and pay down, 62 publish a lower one than MCCA's 6.43%. The nearest either side:

Coastline Bank 6.39%
Resimac 6.39%
MCCA 6.43%
Bankwest 6.44%
Cairns bank 6.49%

Does this look wrong? or could it be better

Two different things go wrong here and they are fixed in different places. If a rate on this page does not match what MCCA told you, it is usually one of these.

The published data is wrong

MCCA publishes these rates itself, under the Consumer Data Right. Nobody here types them in and nothing here can correct them at the source. If the feed is wrong, every comparison site reading it is wrong in the same way. Reports about a data holder's feed go to the Consumer Data Right, and published-data quality is on the ACCC's enforcement list.

Everything identifying the feed is filled in below. The one part left is what you saw.

Consumer Data Right — Product Reference Data quality

Data holder brand: MCCA
ABN: 59094145963
Product Reference Data endpoint: https://prd.pm.productdata.au/634f7ed1-e01b-44ef-8ad2-8a7465c9c40a/adapter
Data read from that endpoint on: Sunday 1 November
Rate lines published at that time: 90

What appears to be wrong:
[describe what you checked, and what the published data says]

This data is published under the Product Reference Data standard and is
available publicly, without authentication or a consumer consent.

Open the report form in a new tab ↗

The form is run by the Consumer Data Right, not by this site. Nothing you type here is sent anywhere — the text above is yours to copy.

This page reads it wrongly

The rate is published correctly and this page has misread it. A band shown against the wrong loan type, a fee counted twice, a product that should be marked restricted and is not: that one is mine. Tell me and I will fix it, and say which lender so I can find the row.

Something is missing

A figure this page should show and does not, or a lender that should be here and is not. Tell me through the feedback box. The data behind every page here is free to download if you would rather check it yourself first.

The other questions

Are you paying more than you need to? your rate against every lender publishing one
How fast should you pay it off? term, extra repayments, interest only
Don't have a loan yet? what to look at before you pick one
What does each lender advertise? every lender that publishes rates, a page each
What moved this week? which lenders changed an advertised rate
Where do these numbers come from? every published rate, and how fresh it is

Free, and not advice. It knows only what the lender publishes, not what you could negotiate. A licensed broker does this for a living. Who made this. What this site collects.