Refinance your investment loan

There are many benefits to refinancing your home loan, such as:

• Paying less interest over the life of the loan, saving you thousands.
• Reducing your loan term by a matter of years
• Accessing new features, like an offset sub-account to save on interest repayments and get Visa debit card, online & EFTPOS access to your money.
• Accessing equity, which is the amount you've paid off on your current loan.

Yes. While refinancing can save you thousands, there's a few upfront costs to consider like exit fees, break fees, application fees, security assessment fees and settlement fees. At loans.com.au, the only fees you will pay on your home loan is a one-off settlement fee of $300, and a security assessment fee which starts at $230 depending on the location of your property. To learn more, click here.

From start to finish, refinancing a home loan process be can completed as quickly as a few days or take up to two months. The time it takes to refinance will vary for every homeowner and will depend on factors like the complexity of the loan and the specific lender.

To refinance, you’ll need documents such as payslips, and details of your existing investment loan. For a list on exactly which documents you’ll need to apply for a refinance:
What documents do I need to refinance my home loan?

If you’re ready to refinance, simply fill out your application online by entering some of your details here

Alternatively, chat to one of our friendly lending specialists on 1300 908 671 and they can complete your application for you.

Fill out your application online and have an appointment with one of our lending specialists to organise pre-approval of your investment loan. Check the onTrack app to receive your final approval, mortgage documents and loan agreement. You must sign these and return them in to onTrack, which authorises us to deal directly with your existing lender. From this point, you no longer need to pay your previous lender. We pay the loan out by estimating payout costs based on current balance, rate and repayments. Your loan will settle and you'll enjoy new low rates!

An offset sub-account is linked to your home loan and helps reduce the interest you pay. Instead of earning interest like a regular savings account, the balance in your offset reduces the portion of your loan that accrues interest. This can help you pay off your loan faster and save on interest costs.

Key things to know:

• It's a sub-account of your loan, not a separate deposit account.
• Funds in the offset sub-account are not covered by the government deposit guarantee.
• The offset cannot exceed your home loan balance.

If you have any questions, our friendly team is here to help!

As an online lender, we operate without the overheads of a physical branch network or broker commissions. Our digital processes and innovative technology help us keep costs down. This allows us to pass those savings directly on to you through competitive home and car loan rates.