Will My Lender Automatically Reduce My Repayments?

With the Reserve Bank of Australia (RBA) cutting the official cash rate by 25 basis points to 3.85 per cent on May 20, 2025 – the lowest level in two years – many Australian homeowners are wondering: ‘Will my lender automatically reduce my mortgage repayments?’

While many banks have reduced their interest rates, not all will automatically reduce your monthly repayments. Check what your lender is doing below.