Lenders launch ultra low rates for refinancers

Rhianna Dews

18 Mar 2020


Hot off the press: Big-name lenders ING, HSBC and Loans.com.au have just dropped three brand new home loan rates - each of which offers killer variable rates in return for a 20% deposit or equity in your property.

So if you've built up some decent equity in your property, these new offers could be your chance to save thousands and shave years off your mortgage by refinancing. Home buyers lucky enough to have saved up enough cash to pay for a larger home deposit up front can also take advantage of these stellar new rates.

ING's popular Mortgage Simplifier Home Loan is looking sharper than ever with a brand new 2.78% variable rate (2.81% comparison rate*), while HSBC has announced a newly discounted variable rate of 2.65% (2.66% comparison rate*). 

So, if you’ve been holding out for the right refinance loan, then today could be your lucky day! Now, let’s take a closer look at what these new loans have on offer...

3 new home loan rates refinancers need to know about


ING Mortgage Simplifier
  • New 2.78% variable rate (2.81% p.a. comparison rate*)

  • No ongoing monthly or annual account-keeping fees

  • Unlimited additional repayments plus free redraw facility

The details:

An original pioneer of low cost online lending, ING is delivering superb value here with a brand new 2.78% variable rate (2.81% comparison rate) on its popular Mortgage Simplifier home loan. What's more, this loan charges no ongoing or annual fees and comes neatly packaged with a range of flexible features like free extra repayments and a free redraw facility. Available for borrowers with at least 20% equity in their property.

Where do I get it? Head over to ING to find out more >>


HSBC Discounted Home Value Loan
  • New 2.65% variable rate (2.66% comparison rate*)

  • Flexible weekly, fortnightly & monthly repayment options

  • Borrow with just 20% deposit or equity

The details:

With the HSBC Home Value Loan, the name says it all! This value packed home loan offers all of the flexibility you'd expect from a bank home loan with a super sharp variable rate most banks can't come close to matching. HSBC is offering a range of flexible features with this loan, such as weekly, fortnightly and monthly repayment options, extra repayments and a free online redraw facility, plus an optional split account. You'll also get a relationship manager to guide you through the application process. Available for loans between $50,000 and $7,500,000.


loans.com.au Smart Home Loan 80
  • New 2.63% variable rate (2.65% p.a. comparison rate*)

  • No ongoing fees plus free extra repayments and redraw

  • Best Low Cost Home Loan - Mozo Experts Choice Awards 2020

The details:

The Smart Home Loan 80 from popular online lender loans.com.au could save you thousands, with a super low variable rate and no ongoing fees for borrowers with at least 20% equity in their property. In addition, this loan offers loads of flexible features, including the ability to make extra loan repayments, plus, a free redraw facility, so you can redraw on those extra payments should you ever need access to extra funds. It's available for loans between $50,000 and $1,000,000.

*WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for the amount and term you entered.

**Initial monthly repayment figures are estimates only, based on the advertised rate, and a loan of $500,000 repaid over 25 years. Rates, fees and charges and therefore the total cost of the loan may vary depending on your loan amount, loan term, and credit history. Actual repayments will depend on your individual circumstances and interest rate changes.

Looking for more options? Head over to our refinance home loan comparison table to find the right deal for you!

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