On Tuesday the RBA board lifted the cash rate by another 50 basis points to 1.85 per cent.Use our calculator below to see what Tuesday’s increase of 50 points means for your mortgage repayments.
Enter your loan amount, the length of your loan, your existing interest rate, then click the +0.5 per cent rise for August to get your extra monthly repayment. Calculations are based on monthly fixed interest rate increases on principal loan amount excluding requisite monthly repayments, adjustments to repayment amounts, or additional repayment instalments.
The salad days are over
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: