With the Bankwest Equaliser home loan, you’ll get a 1.51% discount off the average of three big banks’ standard variable rates for the first three years, so you can switch with confidence. After the intro period ends your rate will revert to the discounted Bankwest standard variable rate. It’s available to owner occupiers borrowing up to 80% of the property value.
Bank Australia Basic Home Loan Special
3.74% special variable rate (3.75% comparison rate)
No ongoing or upfront fees
Mozo's Experts Choice Award Winner 2017
If you’ve built up enough equity in your mortgage that your loan to value ratio is 70% or under, you can snag a special low rate of 3.74% by refinancing with the Bank Australia Basic Home Loan. There are no ongoing or upfront fees to budget for, and you can make use of flexible features like free extra repayments, redraw facility and the chance to take a repayment holiday.
HSBC Discounted Home Value Loan
3.85% variable rate (3.86% comparison rate)
No application or annual service fees
Your own Personal Relationship Manager
Savvy refinancers can save a bundle with the low interest rate and must-have features on offer from HSBC. The Discounted Home Value Loan comes with free extra repayments and free redraw facility, and there are no fees whatsoever. Plus, you’ll have the chance to split your loan between fixed and variable rates, and save on interest by making fee-free extra repayments.
*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.