Refinance your home loan
Unlock potential savings and flexibility for your home loan with our competitive rates when you refinance with us.
Multi-award winning
Variable Home Loan
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Borrow up to 90% LVR at a discounted rate*** -
Offset sub-account available for only +0.10%^
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No monthly or ongoing fees
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No transaction fees for redraws
Our online application process makes refinancing quick and convenient as you make the switch over.
Talk to our Australian-based home lending specialists who’ll provide you with personal support when you need it.
Our competitive rates and other great product features such as unlimited redraws with same-day access, the flexibility of an offset sub-account, which can potentially speed up repayments, and the ability to make extra repayments without any fees.
Make the switch via loans.com.au
We’ve made refinancing simpler with onTrack – a system that fits your schedule. Upload documents, track progress, and manage your refinancing process at your convenience. Just log in anytime, anywhere
Quick and convenient
Easy document upload
Access anywhere, anytime via mobile or desktop
Safe and secure
Why Aussies Choose Us
Apply anytime, and from anywhere.
Fast tracked pre-approval in minutes.
Smarter lending to get you moving sooner.
Online convenience, local support.
Your property report
Here’s what you’ll get in the loans.com.au free property report.
The report contains:
A list of the recent sales of properties similar to the one you are looking at.
A list of properties currently on the market, similar to the one you are looking at.
An estimation of the value of the property.
Guide to Refinancing
Most people have questions about the refinancing process, so we’ve created this guide to make things easier for you to understand and help you start saving sooner.
From information on how to apply for a loan to advice on pre-approval and renovations, you’ll find what you’re looking for in our guide. Plus, we’re available to help via Live Chat at most times of day.
Real-life customer stories
Mark
Repayment Type
Maximum LVR of 90%
| Product | Interest rate from | Comparison rate |
|---|---|---|
| Variable Home Loan | 5.29% p.a.*** | 5.33% p.a.* |
| 3 Year Fixed (Special) | 5.34% p.a.*+ | 5.49% p.a.* |
Maximum LVR of 80%
| Product | Interest rate from | Comparison rate |
|---|---|---|
| Variable Home Loan | 5.79% p.a.*** | 5.65% p.a.* |
| 3 Year Fixed | 6.04% p.a.*+ | 5.68% p.a.* |
| Up to 30 years loan term | Yes |
|---|---|
| Available for refinance or purchase | Yes |
| Unlimited additional repayments | Yes |
|
Yes |
| Application fee | $0 |
|---|---|
| Ongoing fees | $0 |
| Security assessment fee | $230## |
| Government fees | At cost |
| Settlement fee | $300 |
Frequently asked questions
Have any questions on our variable rate loans? Ask us anything!
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.
We can provide approval for applicants in as little as 2-3 days, pending the customer's individual circumstances and all correct documentation has been provided. It's important to note that this is not a 'one size fits all' number, and the approval time will depend on each individual applicant's circumstances.
We'd always advise our customers to have the right documentation ready at application stage, so you can move forward with your application as quickly as possible. For more information for documents required for refinancing:
What documents do I need to refinance my home loan?
You can get your dream home at a low rate because we don't have to pay for branches or broker commissions and have innovative technology processes, which means we pass our savings directly on to you.
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.
Unlike many other lenders, we charge no monthly, annual or ongoing fees. The only fees you will pay on your home loan are a one-off $300 settlement fee plus a security assessment fee, which for a standard property in a metropolitan area in a major city starts at $230 for properties valued up to $1 million.
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.
At loans.com.au, the only fees you will pay on your home loan are a one-off $300 settlement fee plus a security assessment fee, which for a standard property in a metropolitan area in a major city starts at $230.
Many other lenders may charge an application fee, exit fees, discharge fees, so it’s important to do your research before making your decision.
You have the option to add a 100% offset sub-account to your variable home loan. Many people choose to do this to help pay their home loan faster and save thousands on interest payments. For an extra 0.10%^ to the loan, you can add a 100% offset sub-account with online, ATM, EFTPOS & Visa debit card access to your money, plus unlimited free redraws. find out more information on adding an offset-sub account.
You can refinance with the equity you have in your existing home. However, if the value has changed significantly you may need to provide deposit up to 10% of the property’s value.
Who is loans.com.au?
loans.com.au is a proudly Australian, award-winning online lender based in Brisbane. Since we were founded in 2011, we have grown to become an industry leader with thousands of happy customers in every state and territory. We are powered by the strength of Firstmac, Australia’s leading non-bank lender.
Sarah
Lending Specialist
Ready to talk with a real person about refinancing?
Get help from a friendly member of our Australian-based home lending team.