On 3 February 2026, the Reserve Bank of Australia (RBA) announced its decision to increase the official cash rate target by 0.25%.
If your business has a loan or deposit account with us, please see below to understand what this change may mean for you.
We’ve decided to increase our variable business loan reference rates by 0.25% per annum, effective Friday 20 February 2026.
If you have a variable business loan, your new interest rate will be visible on your next statement.
If you have a business loan with Principal and Interest repayments
Your P&I repayments may change. After your next repayment date, a notification letter will be sent to you confirming details of your new interest rate and minimum repayment amount. If the amount you’re currently paying is higher than the new minimum repayment, that higher amount will continue to be debited. If you’d like to reduce your repayment to the new minimum amount set out in your notification letter, please contact your relationship manager.
If you have a business loan with Interest Only or Principal plus Interest repayments
Interest on your loan is calculated and updated daily based on the current interest rate and balance. Any changes in interest rates will be calculated and then be applied on your next repayment immediately after Friday 20 February 2026.
To view the variable reference rates effective from Friday 20 February 2026, please see reference rates.
We are focused on supporting Australian businesses that may be experiencing a downturn or financial difficulty.
If the financial circumstances of your business have changed and you are concerned about making your loan repayments, we may be able to offer financial assistance. For more information, please contact your relationship manager.
We’ll be changing the interest rate for some Macquarie business banking accounts effective Friday 20 February 2026.
If you’re an existing customer, you can see the rate that applies on your account in MBO. For instructions on how to check your rate, see our article View and update account details.
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