variable rate 2.64% p.a.* COMPARISON RATE 2.66% P.A

Get a great deal on your home loan

WHAT EXACTLY IS REFINANCING?

Referred by some as ‘loan switching’, refinancing is basically a process of paying out your current home loan by taking out a new loan. This can be done with a new loan from your existing lender or through a different lender.

 

Every year, thousands of Australians refinance their home loans. Home loan refinancing can help you to:
  • get a lower interest rate, so you can pay off your loan faster.
  • make your loan repayments more affordable.
  • consolidate all your high-interest debts to make them easier to manage.
  • afford home renovations.
  • buy an investment property or other asset using the equity you’ve built up in your home.
  • switch from a variable interest rate to a fixed rate, or vice versa.
  • get access to additional loan features, such as redraw facilities or offset accounts.

Variable rate 2.64% p.a.* / Comparison rate 2.66%.

  • Comparison Rate: The comparison rate is based on a loan of $150,000 over a term of 25 years. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
  • Principle and Interest loans up to 80% LVR for owner-occupied properties only.

LOAN FEATURES TO LOOK OUT FOR

Flexible repayments and extra repayments to pay off the loan sooner

Repayment holiday to take a break from repayments

Offset account to reduce your monthly interest and repayments

Flexible repayments and extra repayments to pay off the loan sooner

ADDITIONAL COSTS ASSOCIATED

  • Exit Fees
  • Borrowing costs
  • Lenders Mortgage Insurance (LMI)
  • Stamp Duty
  • Mortgage Registration Fee
Process of Refinancing
  • Research
  • Consider Your Reasons
  • Pick The Right loan
  • Submit the Application
  • Valuation
  • Finance Approval
  • Arranging Settlement

WARNING:Comparison rate is true only for the examples given and may not include all fees and charges. Comparison rate is calculated on a $150,000 secured loan, over a 25 year term. Fixed Rate Warning. Fixed. rate loans may be subject to significant break costs, the terms and details of which are specified in your credit contract.