Athena passes on full rate cut - immediately

4 min read | 18 Feb 2025

2:30pm, Tuesday February 18, 2025: The RBA has finally dropped the cash rate by 0.25% (25 basis points) and Athena Home Loans is passing on the full benefit - immediately – to all variable rate customers.

Committed to their mission of changing home loans for good, Athena CEO and Co-Founder Nathan Walsh says being fiercely fair is central to delivering this for customers.

“The anticipation surrounding this rate decision has been felt by all Aussie home loaners. At a time when the cost of living crisis continues to bite, acting swiftly to bring some relief has to be a priority for all lenders – and it certainly is for Athena,” Nathan commented.

Australia’s major banks have an unreliable track record in passing on in cycle rate decreases, and are yet to pass on this one. History shows they can take between 10 days to two weeks to pass on a rate cut – a delay which costs Aussie borrowers approximately $115M in excess interest*. Athena customers don’t have to wait.

The full rate cut has also been applied to variable rate loans sold via Athena’s broker partnerships with Mortgage Choice Freedom and Apollo by LMG.

In addition to Athena’s commitment to a great rate that stays great, Athena saves customers more with no fees, a rate that drops automatically as they pay down their loan, and a promise that existing customers will always get the same rate as new customers on like for like loans. These exclusive product benefits are available on Athena’s Straight Up and Power Up products, and on Mortgage Choice Freedom Saver and Flex home loans.

In partnership Mortgage Choice and LMG - Athena now caters to self-employed borrowers, those with lower deposits, and customers needing company and trust loans.

For media inquiries, please contact:

Kat Aubrey-Jones

Head of Brand

Kat.aubreyjones@athena.com.au