Interest rate increase effective 27 July 2022

On 5 July the Reserve Bank of Australia announced an increase in the official cash rate. The four major banks have since announced they are increasing their standard variable home loan rates.
Keystart’s interest rate policy is to use the average of the standard variable home loan rate of the four major banks, which will be 5.76%. The loan products we use to benchmark are:
- ANZ: Standard Variable Home Loan (5.64% effective 15 July 2022)
- CBA: Standard Variable Home Loan (without the Wealth Package) (5.80% effective 15 July 2022)
- NAB: Tailored Home Loan Variable Rate (5.77% effective 15 July 2022)
- Westpac: Rocket Repay Home Loan (5.83% effective 20 July 2022)
As a result, Keystart is increasing its rate to 5.76% effective from 27 July 2022.
Customers from 16 October 2009
For all Keystart customers with loans commencing after 16 October 2009, the standard variable interest rate is 5.76% effective 27 July 2022.
Customers prior to and including 16 October 2009
For all Keystart customers with loans commencing prior to and including 16 October 2009, the standard variable interest rate is 4.98% effective 27 July 2022.
We're here to help
We understand managing the recent increases in interest rates can be difficult on your budget. We have a helpful guide on interest rates with tips on how to manage your home loan.
Read our financial wellbeing guide to interest rates
We'll be in touch
If you're a Keystart customer, you'll receive an update from us to let you know your new minimum monthly repayment.
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We aim to provide a pathway into affordable home ownership sooner with our low deposit home loans with no lender’s mortgage insurance. Given the low deposit nature of the lending we provide, our interest rates policy enables us to manage our lending risk responsibly whilst remaining focused on our vision.