Home loan rate cuts spark refinance frenzy

Mozo

11 Mar 2019

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Aussies looking to save money on their home loan are racing to take advantage of the new wave of discounted home loans hitting the market in recent weeks. Loans.com.au, Athena, State Custodians and NAB are just a few of the lenders fighting it out with new low variable rates right now, and savvy borrowers could save tens of thousands on their home loan by refinancing.

With variable rates plunging below 3.50%, 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!

TOP REFINANCE HOME LOANS - rates updated daily

  • HSBC

    3.59% p.a. variable

    3.61% p.a.

    $1234

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    Discounted Home Value Loan

    Discounted rate for the life of the loan. A relationship manager to help you through the application process.

    • 3.59% p.a. variable

    • 3.61% p.a.

    • $150

    • $0.00

    • $300.00

    • yes - free

    • yes - free online

    • no

    • 90.00%

    • $50,000

    • $7,500,000

    • Variable

    • Principal & Interest

    • Owner Occupier

    • Weekly, Fortnightly, Monthly

    Read our Mozo Review to learn more about the Discounted Home Value Loan

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  • UBank

    3.59% p.a. variable

    3.59% p.a.

    $1234

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    UHomeLoan - Discount Offer

    A low rate Home Loan with no bank fees on variable rate loans. Easy & fast to apply. Choose between flexible repayments and make extra repayments for free on a variable rate home loan.

    • 3.59% p.a. variable

    • 3.59% p.a.

    • $0

    • $0.00

    • $0.00

    • yes - free

    • yes

    • no

    • 80.00%

    • $200,000

    • $699,999

    • Variable

    • Principal & Interest

    • Owner Occupier

    • Weekly, Fortnightly, Monthly

    Read our Mozo Review to learn more about the UHomeLoan - Discount Offer

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  • Athena

    3.49% p.a. variable

    3.51% p.a.

    $1234

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    Opening Offer Variable Home Loan - Refinance Only

    No application fees, no monthly fees & no annual fees. Stay-great rates for the entirety of the loan, so you pay it off faster.

    • 3.49% p.a. variable

    • 3.51% p.a.

    • $488

    • $0.00

    • $0.00

    • yes - free

    • yes - free

    • no

    • 80.00%

    • $100,000

    • $2,000,000

    • Variable

    • Principal & Interest

    • Owner Occupier

    • Weekly, Fortnightly, Monthly

    Read our Mozo Review to learn more about the Opening Offer Variable Home Loan - Refinance Only

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  • Virgin Money

    3.69% p.a. variable

    3.83% p.a.

    $1234

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    Reward Me Variable Rate Home Loan

    Competitive rates from 3.69% p.a. Plus receive 20,000 Velocity Points for every $100,000 drawn at settlement.

    • 3.69% p.a. variable

    • 3.83% p.a.

    • $150

    • $10.00 monthly

    • $320.00

    • yes - free

    • yes - free

    • yes

    • 80.00%

    • $750,000

    • -

    • Variable

    • Principal & Interest

    • Owner Occupier

    • Weekly, Fortnightly, Monthly

    Read our Mozo Review to learn more about the Reward Me Variable Rate Home Loan

  • Bank Australia

    3.76% p.a. variable

    3.77% p.a.

    $1234

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    Basic Home Loan Special

    A Basic Home Loan which offers a competitive interest rate and other features to make your home or investment loan more affordable. Option to fix full loan or split between fixed and variable.No establishment fee until 31/03/2019. Redraw available.

    • 3.76% p.a. variable

    • 3.77% p.a.

    • $0

    • $0.00

    • $250.00

    • yes - free

    • yes - free

    • no

    • 80.00%

    • $10,000

    • -

    • Variable

    • Principal & Interest

    • Owner Occupier

    • Weekly, Fortnightly, Monthly

    Read our Mozo Review to learn more about the Basic Home Loan Special

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  • Well Home Loans

    3.49% p.a. variable

    3.53% p.a.

    $1234

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    Well Balanced

    Well Balanced home loan is a low rate home loan with free online redraw and no valuation fee. Purchase, Refinance or Equity Release purposes allowed.

    • 3.49% p.a. variable

    • 3.53% p.a.

    • $850

    • $0.00

    • $300.00

    • yes - free

    • yes - free

    • yes - $10/month

    • 80.00%

    • $10,000

    • $2,000,000

    • Variable

    • Principal & Interest

    • Owner Occupier

    • Weekly, Fortnightly, Monthly

    Read our Mozo Review to learn more about the Well Balanced

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  • Bank First

    3.72% p.a. variable

    3.77% p.a.

    $1234

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    First Rate Home Loan

    No annual package fee. Flexible weekly, fortnightly or monthly repayments. Free redraw with a $500 minimum.

    • 3.72% p.a. variable

    • 3.77% p.a.

    • $600

    • $0.00

    • $350.00

    • yes - free

    • yes

    • no

    • 80.00%

    • $150,000

    • $1,000,000

    • Variable

    • Principal & Interest

    • Owner Occupier

    • Weekly, Fortnightly, Monthly

    Read our Mozo Review to learn more about the First Rate Home Loan

  • loans.com.au

    3.48% p.a. variable

    3.50% p.a.

    $1234

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    Smart Home Loan

    A low-rate home loan that could save you thousands. No application or ongoing fees. Unlimited additional repayments. Unlimited free redraws with no minimum redraw amount.

    • 3.48% p.a. variable

    • 3.50% p.a.

    • $520

    • $0.00

    • $0.00

    • yes - free

    • yes - free

    • no

    • 80.00%

    • $50,000

    • $1,000,000

    • Variable

    • Principal & Interest

    • Owner Occupier

    • Weekly, Fortnightly, Monthly

    Read our Mozo Review to learn more about the Smart Home Loan

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  • Newcastle Permanent

    3.89% p.a. variable

    4.29% p.a.

    $1234

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    Discounted Variable Home Loan Premium Plus Package

    Experts Choice - Australia's Best Customer-Owned Banking & Home Lender of the Year 2018.^

    • 3.89% p.a. variable

    • 4.29% p.a.

    • $0

    • $395.00 yearly

    • $0.00

    • yes - free

    • yes - free

    • yes

    • 90.00%

    • $150,000

    • -

    • Variable

    • Principal & Interest

    • Owner Occupier

    • Weekly, Fortnightly, Monthly

    Read our Mozo Review to learn more about the Discounted Variable Home Loan

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  • State Custodians

    3.58% p.a. variable

    3.59% p.a.

    $1234

    Product details Close details
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    Low Rate Home Loan with Offset

    A Low Rate Home Loan with a $0 Application Fee, Free Redraws & Extra Repayments

    • 3.58% p.a. variable

    • 3.59% p.a.

    • $0

    • $0.00

    • $300.00

    • yes - free

    • yes - free

    • yes

    • 80.00%

    • $100,000

    • $2,000,000

    • Variable

    • Principal & Interest

    • Owner Occupier

    • Weekly, Fortnightly, Monthly

    Read our Mozo Review to learn more about the Low Rate Home Loan with Offset

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*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 $150,000 over 25 years.

Mozo may receive advertising fees from the financial institutions, issuers of financial or credit products and third party advice providers that are shown on this page. These fees are based on a cost per click, cost per acquisition, or a fixed fee.

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