Interest rate increase – Thursday 5 February: Following the RBA’s decision to change the official cash rate, interest rates for owner‑occupier and investor variable loans will increase by 0.25%, effective 19 February 2026. From 19 February 2026, deposit rates across the majority of savings products will also increase by 0.25%. Find out more.
Lenders Mortgage Insurance (LMI) protects the lender if you default on your home loan. In these circumstances, the lender may need to sell your property to recover the cost. Should the sale of your home not cover the outstanding amount owing to your lender, this is known as a 'shortfall'. LMI is not designed to protect you as the borrower, but rather its purpose is to protect lenders in case of a shortfall, and allows the lender to lend the borrower an amount higher than the lender would otherwise be able to provide. A typical scenario is being able to borrow more than 80% for a standard metro residential property (subject to approval).
We respectfully acknowledge the Traditional Custodians of all the lands on which we live and work, and we pay our respects to Elders past and present. We recognise their continued connection to the land, waters and culture and we acknowledge that sovereignty has never been ceded. Our head offices are located on the land of the Wurundjeri Woi Wurrung people of the Kulin Nation in Victoria, and the land of the Gadigal people of the Eora Nation in New South Wales.
We are an equal opportunity employer that celebrates the diversity, equity and inclusion of all people.
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