This killer home lender just slashed refinance rates

Home borrowers looking to lower the cost of their mortgage are increasingly switching to smaller, low-cost lenders right now, and one rival lender has just slashed its refinance rates in a bold move that is sure to send a stampede of savvy refinancers their way.

Aussie-owned loans.com.au is on a mission to become the nation’s most popular online lender, and to prove it has just rolled out a super-low refinance rate of 3.10% (3.12% comparison rate*) for borrowers with 70% LVR.

This killer variable rate sits a full 1.00% below the average variable home loan rate in the Mozo database, and that's before the average goes up with the round of rate increases that will happen following the RBA’s August rate hike.

So if you're looking for a lower rate that could save you thousands, read on for our expert rundown of loans.com.au's new refinance home loan to find out if this digital dynamo could be your solution to saving big on your mortgage….

New loans.com.au refinance offer

loans.com.au Variable Home Loan 70
  • 3.10% variable rate (3.12% comparison rate*)
  • Free extra repayments and redraw + optional offset account
  • Available to borrowers with 70% LVR

This low rate, low fee home loan could help you save thousands on your mortgage and is packed with useful features like unlimited free extra repayments and redraw, multiple loan split options and an optional offset account for 0.10%. You can borrow up to $2 million with 30% deposit or equity, and pay no monthly or ongoing fees. What's more, loans.com.au's streamlined online process lets you find out if you pre-qualify in less than a minute and complete your application online.

Where do I get it? Head over to loans.com.au to find out more >>

More top refinance offers

UBank Neat Home Loan
  • Variable rates from 3.64% (3.66% comparison rate*) - min 40% deposit
  • Free extra repayments and redraw facility
  • Fast and paperless online application process

UBank's low rate, low fee digital home loan is popular with borrowers looking to keep their costs to a minimum. The Neat Home Loan rewards borrowers with lower loan-to-value-ratios (LVRs) with its most competitive rates, while also being light on fees. There's a $250 settlement fee but no application fees or ongoing fees. Features include free extra repayments and redraw, and repayments can be made weekly, fortnightly or monthly.

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

Unloan Variable Home Loan
  • 3.14% variable rate (3.06% comparison rate*)
  • Zero upfront or ongoing fees
  • Refinancers only

Unloan is a new digital home loan for refinancers built by CommBank. Owner-occupiers receive a low 3.14% variable rate (3.06% comparison rate*) along with a loyalty discount that shaves 1 basis point off your interest every year for up to 30 years. Loan features include free extra repayments and redraw, and there are no pesky fees to pay. Available for refinance loans of up to $3M. Minimum 80% LVR.

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

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Want to compare more home loans? View the latest mortgage rates from over 80 lenders at Mozo's home loan comparison hub.

* 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.

** Initial monthly repayment figures are estimates only, based on the advertised rate, loan amount and term entered. 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.

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