Refinancing · Australia-wide
Refinance your home loan — see if you could pay less
Rates have moved a lot in 2026. If you haven't reviewed your loan recently, you could be paying more than you need to. Check your options in about a minute, then talk it through with a broker before you decide anything.
Check my optionsChecking your options doesn't affect your credit file. A credit check only happens if you decide to apply — and we'll tell you before it does.
When it can make sense
- Your fixed rate is ending, or you've rolled onto a higher revert rate
- Your rate is well above what new customers are being offered
- You want an offset account, to split your loan, or to change your term
- Your property has gone up in value, so your loan-to-value ratio (LVR) may have dropped
What to watch out for
- Break costs if you leave a fixed rate early, plus discharge and application fees
- Lenders mortgage insurance (LMI) again if you'll owe more than 80% of the property's value
- Lenders test you at your rate plus a 3% buffer, so your borrowing power may be lower than you expect
- A cashback offer can be outweighed by a higher rate over the life of the loan
How it works
- 01Tell us about your loanYour balance, rate, repayments and property value. It takes about a minute and doesn't touch your credit file.
- 02See your best-fit optionWe look for the one loan that best fits your goals and explain why, including every cost of switching.
- 03Decide with a brokerA broker reviews your file before anything is lodged. You only apply if the numbers genuinely work for you.
Common questions
Will checking my options affect my credit score?
No. Checking what you could qualify for uses the information you give us and doesn't put an enquiry on your credit file. A lender only runs a credit check if you decide to apply, and we'll tell you before that happens.
How much does it cost to refinance?
It depends on your current lender and loan. Common costs are a discharge fee, government registration fees, and break costs if you're on a fixed rate. Some lenders also charge an application or valuation fee. We show these upfront so you can see whether switching is worth it.
How long does refinancing take?
Often two to six weeks from application to settlement, depending on the lender, valuation and how quickly documents come in.
Can I refinance if my property value has dropped?
Possibly. If you owe more than 80% of the current value, a new lender may require lenders mortgage insurance, which can make switching uneconomical. We'll tell you if that's the case.
Related guides
- Refinancing after the 2026 rate rises: a checklistFour rate rises this year. Here's a step-by-step check of whether switching is worth it.
- Does checking your borrowing power affect your credit score?The difference between checking your options and applying, and what actually shows up on your credit file.
See where you stand in about a minute.
No obligation, and no effect on your credit file.
General information only, not personal financial advice. Your circumstances, the lender's criteria and fees will determine whether an option suits you.