Understanding the RBA’s cash rate decision
Following the Reserve Bank of Australia’s recent cash rate decision on the 29 September, BNK Banking Corporation will update interest rates across selected lending and deposit products.
Loans
From 7 October 2026, BNK will hold rates on the following commercial lending products:
| Product | Rate Change |
|---|---|
| Commercial Term Loan | Rates at or below 60% LVR will be held |
| Commercial Lease Doc Loan | Rates at or below 60% LVR will be held |
| Commercial Alt Doc Loan | Rates at or below 60% LVR will be held |
| Commercial SMSF Loan – 60% LVR IO | Rates at or below 60% LVR will be held |
| Commercial SMSF Loan – 60% LVR P&I | Rates at or below 60% LVR will increase by 0.10% p.a. to 7.64% p.a. |
All other home loan and commercial loan variable rates for new lending will increase by 0.25% p.a.
Customers with variable rate loans will be notified of their new interest rate from 13 October 2026. Where applicable, customers will also be advised of any changes to their repayment amount on or after the effective date of the rate change.
Deposits
Bank Guarantees – From 14 October 2026, rates on all new Bank Guarantees will increase by up to 0.25% p.a.
Need help?
If you have questions about how these changes may affect you, please contact us on 1300 265 226 or visit https://www.bnk.com.au/about/contact/