Home loan discount fever sparks switching frenzy
11 Jul 2019

Aussies looking to save money on their home loan are racing to take advantage of the latest home loan rate cuts following the Reserve Bank's decision to lower the official cash rate for the second month in a row.
Online and challenger lenders are fighting it out to offer the biggest savings, with loans.com.au, Athena and HomeStar all cutting rates to jaw dropping low levels. Savvy borrowers could save tens of thousands on their home loan by refinancing.
With variable and fixed rates plunging below 3.00%, it's no wonder borrowers are acting fast to snap these deals up. So if you'd like to crush your mortgage in 2019, take a look at some of the top deals for refinancers currently on the market and get switching!
5 Killer Home Loan Refinance Deals
loans.com.au Smart Home Loan 80

3.03% variable rate (3.05% comparison rate*)
No application or ongoing fees
Free extra repayments and redraw
Super low rate? Check. No application or annual fees? Check. Handy features like unlimited free extra repayments and a redraw facility? Double check. The loans.com.au Smart Home Loan comes with all this great value included. You can also choose a split rate option and your repayment schedule. But hurry, as this offer is available for a limited time only.
UBank UHomeLoan

2.99% fixed rate for 1 year (3.63% comparison rate*)
No ongoing service fees
Free extra repayments up to $20,000 p.a.
This jaw dropping new offer from popular online lender UBank is flying off the shelves right now. It comes with a killer sub 3.00% fixed rate that's topping the Mozo low rate home loan comparison database, plus no ongoing fees and the ability to make free extra repayments up to $20,000 each year. It's fast and easy to apply online, and you can choose between weekly, fortnightly or monthly repayments.
ME Flexible Home Loan

3.39% variable rate (3.83% comparison rate*)
Repayments holiday available
Offset account available
ME delivers amazing deals on the total package for investors and owner occupiers alike with the Flexible Home Loan Member Package. With variable rates as low as 3.39% (3.83% comparison rate*), plus money-saving features like an offset account and the option to take a repayments holiday if necessary, this could just what you have been searching for.
Bank of Queensland Discount Fixed Rate

3.19% fixed rate for 3 years (4.14% comparison rate*)
$1,000 cashback for first home buyers - limited time only
Free extra repayments up to $5,000 each year
This new offer from BOQ comes with a super competitive fixed rate for the first three years, no minimum loan amount and the flexibility to pay off your loan faster by making free extra repayments up to $5,000 each year. And here’s the kicker - first home buyers can score $1,000 cashback for a limited time.
HSBC Discounted Home Value Loan

3.27% variable rate (3.28% comparison rate*)
No ongoing service fees when you apply by 31 July
Borrow with just 10% deposit
This discounted home loan offer from HSBC proves that big banks can deliver competitive value. With a low variable rate, unlimited free extra repayments and free online redraw, plus no ongoing fees if you apply by 31 July, this home loan offers value and flexibility in spades. You'll even get an HSBC relationship manager to help you through the application process.
^See information about the Mozo Experts Choice Home loans Awards
Want more great value home loan options? Head over to our home loan comparison table to check them out.
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