CommBank, Westpac, NAB and ANZ will each lift their variable home loan rates by 0.25% p.a. from Friday 13 November 2026, passing on the Reserve Bank's November cash rate increase in full. If you have a variable mortgage and plan to apply for a car or personal loan, the new repayment is the figure a lender will want to see, and it will not show on your statements straight away. This article sets out what each bank announced, when the change reaches your account, and what a 0.25 point rise, and this year's run of rises, does to a typical repayment.
This is general information, not advice about your own situation.
Home loan rate rise November 2026: what the big four announced
According to each bank's own announcement:
- CommBank will increase home loan variable interest rates by 0.25% p.a., with all of the changes effective 13 November 2026, according to its November rate decision release.
- Westpac will increase home loan variable rates by 0.25% p.a. for new and existing customers, effective 13 November, according to its 4 November media release.
- NAB will increase its variable home loan rates by 0.25% p.a. from 13 November 2026, according to its 4 November announcement. NAB notes the change applies to its standard variable home loan rates.
- ANZ will increase variable rates for home, residential investment and line of credit home loans by 0.25% p.a., effective 13 November 2026, according to its home loan rate changes page. The ANZ Standard Variable Home Loan index rate for principal and interest repayments becomes 9.14% p.a. ANZ says the page does not apply to ANZ Plus products.
Other lenders set their own amount and timing. The figure that applies to you is the one in your own lender's notice.
Why it is 13 November, not 4 November
The RBA cash rate table shows the cash rate target rising by 0.25 percentage points to 4.85%, effective 4 November 2026. That target is what banks pay on overnight funds between themselves. It is not your mortgage rate. Each bank decides whether and when to move its own variable rates, and this time all four chose the same date, nine days after the RBA change.
When the new repayment shows up
The rate changes on 13 November, but your repayment may lag behind it:
- ANZ says you will see the new rate in ANZ Internet Banking and the ANZ app from 14 November 2026, one day after the effective date. Its page says ANZ will let you know if your minimum repayment changes, and that customers who manage their own direct loan payment are responsible for increasing it to meet a new minimum.
- Westpac says customers paying principal and interest will be notified directly about what the change means for their repayments.
- CommBank and NAB each point customers to their home loan repayment calculators to estimate the change.
That gap matters for a loan application. For a few weeks your bank statements may still show the old repayment, while your lender's notice shows the new one. A car loan lender assessing you in late November or December may ask which figure is current, so it helps to have the notice ready.
What 0.25 points does to a repayment
Our illustrations below use round rates chosen to show the effect. They are not any bank's actual rate, and your own balance, rate and remaining term will give a different answer.
One rise. On $500,000 owing over 30 years with principal and interest repayments, moving from 6.00% to 6.25% p.a. lifts the monthly repayment from about $2,998 to about $3,079. That is roughly $81 more a month, or about $970 a year.
This year's rises together. The RBA table shows five increases in 2026, effective 4 February, 18 March, 6 May, 30 September and 4 November, taking the cash rate target from 3.60% to 4.85%. That is 1.25 percentage points in total (our arithmetic). If your own variable rate had risen by the same 1.25 points, from 5.00% to 6.25%, the same $500,000 loan would have gone from about $2,684 to about $3,079 a month: roughly $394 more a month, or about $4,734 a year. Whether your rate rose by exactly that much depends on what your lender passed on at each step, so check your own statements before relying on a total.
For scale, a $30,000 car loan over five years at 9.50% p.a. costs about $630 a month (again our illustration). Across 2026, the hypothetical mortgage increase above has already used up more than half of that amount. You can run your own figures in our loan calculators.
Why the rise matters for a car loan application
A car loan lender works out serviceability from your income, living expenses and existing debts. For most mortgage holders, the home loan repayment is the largest existing debt in that sum. When it rises, the surplus left for a new repayment falls, and the most a lender will offer can fall with it, even though your income and credit history have not changed. We explain the mechanics in what a home loan rate rise means for your car loan borrowing power.
Lenders also test new loans with their own buffers and expense measures, and those policies differ, which is one reason two lenders can give different answers on the same day.
A checklist before you apply
- Find your new repayment. Look for your bank's notice or the updated amount in its app after 13 November. Write down the new figure and the date it starts.
- Use the current figure on the form. If an application asks for your mortgage repayment, give the amount you will pay from now on. If your statements still show the old amount, keep the notice that explains the difference.
- Check your direct debit. If you set your own repayment amount, confirm it covers the new minimum. ANZ, for example, says customer-managed payments must be adjusted by the customer.
- Recheck your budget. If household costs have also risen this year, update both sides. Our guide to household expenses and your loan application explains what lenders look at.
- Compare car loans on their own terms. Car loan pricing is set separately from home loan rates, as we explain in why car loan rates don't follow the cash rate. Compare comparison rates on our current car loan rates page and browse the lenders we compare.
If you already have a car loan
Many car loans have a fixed rate. If yours is fixed, the 13 November change does not alter its repayment, although the household budget around it has changed. Our article on the RBA rate rise in November 2026 covers what to check on fixed and variable car loans and open quotes. If the mortgage and car loan together are getting harder to manage, our guide to car loan hardship help explains how to ask your lender for help early, and each of the big four's announcements lists contact options for customers who are worried about repayments.
The previous round of increases took effect on 9 October. Our October home loan rate rise article covers that change. The RBA's cash rate overview lists its next update at 2.30 pm on 8 December 2026.
