| | |
1.89%
|
2.85%
|
$0
|
$0 p.a.
|
80%
|
$547.35
| |
Lock in a low fixed rate loan for two years and get the annual package fee waived in the first year. Available for borrowers with 20% deposits.
| | |
| | |
1.88%
|
2.86%
|
$0
|
$390 p.a.
|
80%
|
$546.6
| | $3,288 refinance cashback offer Lock in a low fixed rate for 2 years and buy your home with a 20% deposit. Eligible refinancers borrowing $250,000 or more can get a $3,288 cashback. Terms and conditions apply. | | |
| | |
1.75%
|
2.22%
|
$0
|
$0 p.a.
|
80%
|
$537
| | This very low fixed rate is only available until 29 April 2021. Other conditions apply. A competitive fixed rate loan with no ongoing fees. Requires a 20% deposit
| | |
| | |
2.29%
|
2.72%
|
$0
|
$8 monthly ($96 p.a.)
|
95%
|
$577.55
| | Up to $3,000 refinance cashback. A flexible and competitive variable rate loan. Eligible borrowers refinancing $250,000 or more can get $2,000 cashback per property plus a bonus $1,000 for their first application. Other conditions apply. | | |
| | |
1.84%
|
3.38%
|
$0
|
$395 p.a.
|
80%
|
$543.64
| | Up to $4,000 refinance cashback Borrowers with 20% deposits or equity can get this competitive fixed rate loan. Refinancers borrowing $250,000 or more can get up to $4,000 cashback (Other terms, conditions and exclusions apply). | | |
| | |
2.19%
|
2.19%
|
$0
|
$0 p.a.
|
60%
|
$569.91
| |
Owner occupiers with 40% deposits or equity can get this competitive variable rate loan. No upfront or ongoing fees.
| | |
| | |
1.99%
|
3.1%
|
$0
|
$0 p.a.
|
80%
|
$554.81
| |
Get a low fixed rate package with no application or settlement fee. Available with a 20% deposit. Other fees and charges apply.
| | |
| | |
1.99%
|
2.47%
|
$0
|
$0 p.a.
|
80%
|
$554.81
| |
Home buyers can get a very low discounted variable rate for the first year. This loan has a revert rate of 2.48%. Requires a 20% deposit. Add an offset account for an additional 0.10% on your interest rate. | | |
| | |
1.89%
|
3.46%
|
$0
|
$395 p.a.
|
95%
|
$547.35
| | Up to $3,000 refinance cashback. Eligible borrowers refinancing $250,000 or more can get up to $3,000 cashback. Other conditions apply. | | |
| | |
2.09%
|
2.43%
|
$0
|
$0 p.a.
|
70%
|
$562.33
| |
Get a low interest rate and a mortgage with flexible, basic features. No application or ongoing fees. Requires a 30% deposit. Refinancers can switch with a convenient digital application.
| | |
| | |
2.49%
|
2.51%
|
$0
|
$0 p.a.
|
80%
|
$593.01
| | Up to $4,000 refinance cashback Get this low-rate variable loan with a 20% deposit and pay $0 application fee. Borrow from $150k (or $250k to be eligible for the cashback offer) (terms, conditions & exclusions apply).
| | |
| | |
2.34%
|
2.34%
|
$0
|
$0 p.a.
|
80%
|
$581.39
| |
Enjoy flexible repayments, a redraw facility and the ability to split your loan. Plus, pay no application or ongoing fees.
| | |
| | |
2.44%
|
2.45%
|
$0
|
$0 p.a.
|
80%
|
$589.12
| | $3,288 refinance cashback offer Get a low interest variable rate loan with no ongoing fees. Plus you can make extra repayments and free redraw online. If you're refinancing $250,000 or above you can get a $3,288 cashback. Terms and conditions apply. | | |
| | |
1.99%
|
2.33%
|
$0
|
$0 p.a.
|
80%
|
$554.81
| |
Fix your mortgage for 1 year with a very competitive rate and no ongoing fees.
| | |
| | |
2.14%
|
2.16%
|
$0
|
$0 p.a.
|
60%
|
$566.11
| |
A competitive rate with no application or ongoing fees. This loan is not available for construction.
| | |
| | |
1.69%
|
3.49%
|
$0
|
$0 p.a.
|
110%
|
$532.6
| | Requires a family member to act as guarantor. Get one of the lowest rates on the market with this fixed rate mortgage and borrow more with help from a family guarantor. NSW, QLD and ACT residents only. | | |
| | |
2.49%
|
2.49%
|
$0
|
$0 p.a.
|
60%
|
$593.01
| |
A competitive variable rate home loan for owner-occupiers. Requires a 40% deposit. Refinancers can switch with a convenient digital application.
| | |
| | |
2.28%
|
3.15%
|
$0
|
$375 p.a.
|
80%
|
$576.78
| |
Lock in a low fixed rate loan for three years and get the annual package fee waived in the first year. Available for borrowers with 10% deposits.
| | |
| | |
2.44%
|
2.45%
|
$0
|
$0 p.a.
|
80%
|
$589.12
| |
A competitive variable interest rate loan with low fees. The establishment fee is waived if you borrow $150,000 or more.
| | |
| | |
1.97%
|
2.81%
|
$449
|
$6 monthly ($72 p.a.)
|
95%
|
$553.31
| | NSW and ACT customers only. 3 years fixed interest terms and free access to redraw facility online. Available with a 10% deposit.
| | |
| | |
1.94%
|
2.77%
|
$300
|
$10 monthly ($120 p.a.)
|
80%
|
$551.07
| | $3,000 refinance cashback. Buy your home and lock in a low rate for the first two years. Get a $3,000 cashback when you switch to Virgin Money with a loan amount of $300,000 or more with an LVR up to 80%. You must apply by 28 May 2021 and settle by 27 August 2021. | | |
| | |
2.49%
|
2.51%
|
$0
|
$0 p.a.
|
80%
|
$593.01
| | Up to $4,000 refinance cashback A competitive variable rate loan. Refinancers borrowing $250,000 or more can get up to $4,000 cashback (Other terms, conditions and exclusions apply). | | |
| | |
2.24%
|
2.26%
|
$0
|
$0 p.a.
|
90%
|
$573.72
| |
This loan offers a competitive variable rate and a 100% offset account to help save you on interest repayments. This loan is not available for construction.
| | |
| | |
2.49%
|
2.51%
|
$0
|
$0 p.a.
|
80%
|
$593.01
| | Up to $4,000 refinance cashback A competitive variable rate loan from BankSA. Refinancers borrowing $200,000 or more can get up to $4,000 cashback (Other terms, conditions and exclusions apply). | | |
| | |
1.94%
|
3.21%
|
$0
|
$395 p.a.
|
80%
|
$551.07
| | Up to $4,000 refinance cashback Lock in a low fixed rate loan for four years. Refinancers borrowing $250,000 or more can get up to $4,000 cashback (Other terms, conditions and exclusions apply). | | |
| | |
2.35%
|
2.4%
|
$600
|
$0 p.a.
|
95%
|
$582.16
| |
Home buyers can get a competitive, low-fee variable rate plus a 100% offset account. Low deposit option available. Eligible new home buyers with low deposits can apply for the First Home Loan Deposit Scheme with this lender and avoid LMI costs. Eligible refinancers can get a $2,000 pre-paid credit card when they switch to CUA. | | |
| | |
1.99%
|
3.29%
|
$0
|
$395 p.a.
|
95%
|
$554.81
| | Up to $3,000 refinance cashback. Lock in a very low rate for four years with this owner occupier loan. Eligible borrowers refinancing $250,000 or more can get up to $3,000 cashback. Other conditions apply. | | |
| | |
1.89%
|
3.43%
|
$0
|
$395 p.a.
|
80%
|
$547.35
| | Up to $4,000 refinance cashback. Fix to a low rate for two years and forget about rate rises. Refinancers borrowing $200,000 or more can get up to $4,000 cashback (Other terms, conditions and exclusions apply). | | |
| | |
1.84%
|
3.38%
|
$0
|
$395 p.a.
|
80%
|
$543.64
| | Up to $4,000 refinance cashback Get a competitive home loan rate for two years. Requires at least a 20% deposit. Refinancers borrowing $250,000 or more can get up to $4,000 cashback (Other terms, conditions and exclusions apply). | | |
| | |
1.99%
|
2.7%
|
$0
|
$0 p.a.
|
80%
|
$554.81
| |
Home buyers can lock in this low fixed rate for two years. This loan also allows extra repayments. Requires a 20% deposit.
| | |
| | |
1.99%
|
3.26%
|
$0
|
$395 p.a.
| |
$554.81
| | Up to $4,000 refinance cashback A competitive fixed rate loan. Refinancers borrowing $200,000 or more can get up to $4,000 cashback (Other terms, conditions and exclusions apply). | | |
| | |
2.19%
|
4.23%
|
$600
|
$8 monthly ($96 p.a.)
|
95%
|
$569.91
| |
Get a partial offset account and the option to make interest-only repayments.
| | |
| | |
1.94%
|
3.21%
|
$0
|
$395 p.a.
|
80%
|
$551.07
| | Up to $4,000 refinance cashback Lock in a very low rate for four years. Requires a 20% deposit. Refinancers borrowing $250,000 or more can get up to $4,000 cashback (Other terms, conditions and exclusions apply). | | |
| | |
2.24%
|
2.21%
|
$0
|
$0 p.a.
|
70%
|
$573.72
| |
A low variable rate for owner occupiers with 30% deposits. No upfront or ongoing fees.
| | |
| | |
2.28%
|
3.84%
|
$0
|
$395 p.a.
|
95%
|
$576.78
| | $2,000 refinance cashback Enjoy a competitive rate with no application fee for this package loan. $2,000 cashback for eligible refinancers borrowing $250,000 or more. | | |
| | |
2.59%
|
2.6%
|
$0
|
$0 p.a.
|
110%
|
$600.83
| |
Pay no deposit or LMI and get a discounted rate with this family pledge loan. Requires a family member to act as guarantor. NSW, QLD and ACT only. | | |
| | |
2.58%
|
2.64%
|
$449
|
$0 p.a.
|
80%
|
$600.05
| |
A competitive variable rate for borrowers with 20% deposits saved. Available for NSW and ACT borrowers only. | | |
| | |
2.69%
|
2.52%
|
$0
|
$0 p.a.
|
80%
|
$608.71
| |
A competitive rate with no application or ongoing fee. This loan is not available for construction.
| | |
| | |
2.14%
|
2.35%
|
$0
|
$0 p.a.
|
80%
|
$566.11
| |
A one year fixed rate offer with no ongoing bank fees.
| | |
| | |
2.59%
|
2.64%
|
$600
|
$0 p.a.
|
80%
|
$600.83
| | Family guarantee option available. Enjoy flexible repayments and a low minimum loan amount.
| | |
| | |
2.14%
|
2.71%
|
$0
|
$0 p.a.
|
80%
|
$566.11
| |
Investors can enjoy flexible repayments and an easy application process with this pioneering online lender.
| | |
| | |
2.39%
|
3.15%
|
$0
|
$350 p.a.
|
95%
|
$585.25
| |
Get a partial offset account and flexible repayments with this package loan.
| | |
| | |
2.54%
|
2.54%
|
$0
|
$0 p.a.
|
60%
|
$596.91
| |
Investors with large 40% deposits or equity can get this low variable rate. A competitive option for investors looking to refinance.
| | |
| | |
1.99%
|
2.71%
|
$0
|
$0 p.a.
|
80%
|
$554.81
| |
If you have an owner occupier loan with loans.com.au you can also get this very low rate variable mortgage for your investment property. Principal and interest repayments. Add an offset account for an additional 0.10% on your interest rate. | | |
| | |
2.19%
|
2.53%
|
$0
|
$0 p.a.
|
80%
|
$569.91
| |
Borrow up to $750,000 with this basic 3 years fixed rate home loan. Refinancers can switch with a convenient digital application.
| | |
| | |
2.54%
|
2.56%
|
$0
|
$0 p.a.
|
90%
|
$596.91
| | $2,000 cashback. With this competitive variable rate loan from St.George, refinancers borrowing $250,000+ can get a $2,000 cashback (terms, conditions & exclusions apply)
| | |
| | |
2.39%
|
2.41%
|
$0
|
$0 p.a.
|
80%
|
$585.25
| |
This investment loan keeps fees low, has a sharp interest rate and comes with a 100% offset account. This loan is not available for construction.
| | |
| | |
2.59%
|
2.63%
|
$595
|
$0 p.a.
|
80%
|
$600.83
| | $2,000 refinance cashback $2,000 cashback for eligible refinancers borrowing $250,000 or more. | | |
| | |
2.55%
|
3.01%
|
$0
|
$395 p.a.
|
80%
|
$597.7
| | $2,000 refinance cashback. Eligible customers who apply to move their home loan to Bankwest by 30 June 2021 can get a $2,000 cashback. To qualify you must refinance a minimum loan amount of $250,000 or more with an LVR of 80% or lower. The loan must be funded by 31 August 2021 (other terms, conditions and exlcusions apply).
| | |
| | |
2.68%
|
2.74%
|
$449
|
$0 p.a.
|
95%
|
$607.92
| | NSW and ACT customers only. You can get an interest rate discount for a limited time with this competitive variable mortgage.
| | |
| | |
2.59%
|
2.61%
|
$0
|
$0 p.a.
|
90%
|
$600.83
| |
Save on interest with a free 100% offset account and buy your property with just a 10% deposit. This loan is not available for construction.
| | |
| | |
2.59%
|
2.76%
|
$300
|
$10 monthly ($120 p.a.)
|
60%
|
$600.83
| | $3,000 refinance cashback. A variable rate loan for owner occupiers with a 40% deposit (or equity) borrowing under $500,000. Get a $3,000 cashback when you switch to Virgin Money with a loan amount of $300,000 or more with an LVR up to 80%. You must apply by 28 May 2021 and settle by 27 August 2021. | | |
| | |
2.54%
|
2.56%
|
$0
|
$0 p.a.
|
90%
|
$596.91
| | $2,000 cashback A competitive variable rate loan. Refinancers borrowing $250,000 or more can get a $2,000 cashback (Other terms, conditions and exclusions apply). | | |
| | |
2.19%
|
3.72%
|
$0
|
$395 p.a.
|
95%
|
$569.91
| | $2,000 refinance cashback Enjoy a discounted fixed rate and the ability to package the loan with other financial products. $2,000 cashback for eligible refinancers borrowing $250,000 or more. | | |
| | |
2.49%
|
3.36%
|
$449
|
$6 monthly ($72 p.a.)
|
90%
|
$593.01
| | NSW and ACT customers only. A 3 years fixed rate investor which allows extra repayments to be made.
| | |
| | |
2.38%
|
4.11%
|
$595
|
$0 p.a.
|
90%
|
$584.48
| | $2,000 refinance cashback Competitive fixed rate for home buyers.Available with a 10% deposit.$2,000 cashback for eligible refinancers borrowing $250,000 or more. | | |
| | |
2.94%
|
3.34%
|
$0
|
$395 p.a.
|
95%
|
$628.65
| | $2,000 refinance cashback New borrowers or refinancers can get a discounted rate with this package loan. $2,000 cashback for eligible refinancers borrowing $250,000 or more. | | |
| | |
2.5%
|
2.67%
|
$300
|
$10 monthly ($120 p.a.)
|
60%
|
$593.79
| |
A variable rate loan for owner occupiers with a 40% deposit (or equity).
| | |
| | |
2.54%
|
2.55%
|
$0
|
$0 p.a.
|
90%
|
$596.91
| |
A competitive value home loan with no ongoing fee.
| | |
| | |
2.29%
|
3.94%
|
$595
|
$0 p.a.
|
95%
|
$577.55
| | $2,000 refinance cashback Borrow up to 95% LVR of the value of the property you're buying and pay no ongoing fees. $2,000 cashback for eligible refinancers borrowing $250,000 or more. | | |
Hi,
I have a $350,000 mortgage and paying an extra $150 a week on it.
We have now though just got a car loan worth $11,000.
Am I better off to keep paying the extra on the mortgage or pay it on the car loan to pay that off as quick as we can?
thanks
Hi Dean,
Thanks for your question.
Please note that finder.com.au is an online comparison service and is not in a position to be giving financial or personal advice.
There is a different method for paying down debt:
– Paying off the portion with the highest interest rate
Depending on the type of home loan you have, there may be fees for paying out your loan early.
All the best,
Shirley
I currently have a car loan, but want to buy a house. Problem is i can’t afford the repayments of both. Is there a way that i can include my current car loan into a home loan some way? That way i could afford both.
Thanks for your help
Hi Kane,
Thanks for your question.
Please note that you intend to include the outstanding balance of your car loan into your home loan, you could end up paying more interest because you’re extending the loan term of your car loan.
In this case, it might be best to speak to a mortgage broker, as they’re home loan experts who can help you find the best loan for your situation.
Cheers,
Shirley
Hi,
If just say I have a loan of $100,000 on a house and then I decide that I want to refinance to buy a car and take out another $20,000.
The place is used as a Investment property so I assume that the $20,000 is not tax deductible?
Am I correct as I don’t want the tax man knocking on my door asking for money/fines.
Hi Josh,
finder.com.au can only provide general and factual advice.
For personal tax enquiries, please speak to your trusted accountant.
Cheers,
Shirley
Hi there, thanks for the article! I have question regarding my particular situation:
I bought a house, paid in full, in cash. It is paid for. My mother is recommending that I refinance the house to buy a car among other things. She says this is a good way to obtain the money for a nicer car than we could otherwise afford (not much nicer, but for example a NEW nissan versa or leaf if we go eco-friendly, instead of a used one with a lot of miles on it). I, however, am worried, and wanted to get a second opinion. (Don’t tell her, haha). In my mind, taking out a second mortgage on a home which is already paid for doesn’t quite make logical sense, although she says it can be done and is done often; I don’t want to have to pay for my house again, when it is already paid for in full. The value of the house has also gone up significantly since I first purchased it, as we did quite a bit of remodeling, etc., so wouldn’t a new mortgage be at the cost of the NEW value of the house and not the original cost we purchased it for (less than 2/3 the current value)? That said, is it really worth the stress of having to pay the extra interest payments incurred? Will this be considered debt that counts against me or in my favor on my credit report?
I appreciate your time and consideration!
Also, I am in the US not .au. Just a heads up, info-wise…Thanks again.
Hi Erika,
Thanks for your question.
One thing you may want to compare is the repayments from refinancing your property to the repayments from a separate car loan. Also look out for things such as the comparison rate and fees, as these may give you a clearer idea of how much the total cost of the loan may be.
For a more detailed discussion of your circumstances, please consult a financial planner to help you analyse your current scenario and work out what’s best for you to do.
Cheers,
Shirley
what is the process for car loan to purchase.
Hello Pooja,
thanks for the question.
A car loan usually works by you applying for the specific product you want, getting your funds and then purchasing your car. Some loans will grant a sort of pre approval so you can go shopping and know that your bank will finance you for it. If you have any specific questions about how a particular loan product please let me know.
I hope this helps,
Marc.
Hi
I have a question about using my redraw facility on my home loan.
I am wanting to purchase a new car and would need to access roughly $20,000.
My mortgage was split initially as half was variable and the other half was fixed. Both are now variable.
I have always paid extra into my loans every fortnight for the past 5+ years.
Currently my combined fortnightly minimum payments are $540, owing on $147,000 at 5.22%pa and I pay $900 fortnightly and have done so since the day I took out my loan.
My question is in regards to treating your redraw amount as a 5 year loan, you say to calculate what this amount would be and pay that amount extra into your loan, so as to not pay it off over the lifetime of the loan. So does that mean paying the extra amount on top of my $900 that I’m accustomed to paying? Or paying the extra “car amount” on top of the minimum amount which is $540?if it is the latter I would have no problem in doing this as I already pay way above this amount anyhow, so would it in effect make little to no difference to my interest payments?
I just don’t want all my hard work over the last 5 years to go to waste but at the same time I think I deserve a little reward for all my hard work!