Refinance Mortgage Rates

By Jimmy L'Almont

Last updated on January 17th, 2023

What are the best Refinance Mortgage Rates?

Refinancing a mortgage can be a great way to save money on interest payments and potentially shorten the length of your loan. In Australia, mortgage refinance rates can vary depending on a number of factors, including the type of loan you have, your credit score, and the lender you choose.

One of the biggest factors that can affect refinance mortgage rates in Australia is the type of loan you have. For example, if you have a variable rate loan, the interest rate can fluctuate with the market. On the other hand, if you have a fixed rate loan, your interest rate will stay the same for the entire loan term. This can make it easier to budget and plan for your future payments, but it also means that you may miss out on lower rates if the market drops.

Another factor that can affect refinance mortgage rates in Australia is your credit score. The higher your credit score, the more likely you are to qualify for a better rate. This is because lenders view borrowers with high credit scores as less risky, and therefore they are more willing to offer them lower rates.

Finally, the lender you choose can also play a role in the refinance mortgage rates you receive. Different lenders may have different rates and fees, so it's important to shop around and compare your options before making a decision.

Overall, refinance mortgage rates in Australia can vary greatly depending on a number of factors. By understanding these factors and shopping around for the best rates, you can ensure that you get the best deal possible on your mortgage refinance.

Correct as at 20/10/2022

COMPANY	PRODUCT	ADVERTISED RATE	COMPARISON RATE*	ANNUAL FEE	FEATURES
Yard Home Loan (0 Reviews) MakesCents Consumer Star Rating See All Reviews	PAYG Variable	4.29%	4.33%	$0	Unlimited redraws. Option 100% Offset Facility for $120 p.a. APPLY ONLINE NOW
Homestar Finance Bank (0 Reviews) MakesCents Consumer Star Rating See All Reviews	Star Gold	3.99%	3.99%	$0	No Monthly Fees. Free Online Redraws. Unrestricted Extra repayments. APPLY ONLINE NOW
IMB Bank (0 Reviews) MakesCents Consumer Star Rating See All Reviews	Budget Home Loan	4.24%	4.25%	$0	Life-of-loan Discounts off IMB Standard Variable interest rate. Free Internet and Mobile Banking Redraws. No Monthly Fees. APPLY ONLINE NOW
Ubank Home Loan (0 Reviews) MakesCents Consumer Star Rating See All Reviews	Neat Variable Home Loan	4.29%	4.31%	$0	No Annual Fee. Make and redraw additional payments at no extra cost. $4,000 Cashback. APPLY ONLINE NOW
Unloan Home Loan (0 Reviews) MakesCents Consumer Star Rating See All Reviews	Unloan Variable	4.04%	3.96%	$0	One Simple Low Rate. Built by CommBank. Receive an extra 0.01% p.a. discount, every single year. APPLY ONLINE NOW
Nano Home Loan (0 Reviews) MakesCents Consumer Star Rating See All Reviews	Nano Digital Home Loan	4.64%	4.64%	$0	No Fees. Approval in minutes. Paper free & hassle free. APPLY ONLINE NOW
Loans.com.au Home Loan (0 Reviews) MakesCents Consumer Star Rating See All Reviews	Smart Booster 2 Year Variable	4.35%	4.71%	$0	Australian based support team. No monthly or ongoing fees. Unlimited Redraws APPLY ONLINE NOW
$Adelaide_Bank\$ Adelaide Bank (1 Reviews) MakesCents Consumer Star Rating See All Reviews	Smart Fit	4.13%	4.32%	$180	There's no monthly fee on Smart Fit. Choose between a variable or fixed interest rate. It's free to redraw online or via our app (min. $1). COMPARE THIS LENDER
AMP Bank Home Loan (0 Reviews) MakesCents Consumer Star Rating See All Reviews	Professional Package Home Loan	4.69%	5.06%	$0	100% loan offset account with variable rate loan. Unlimited additional repayments for Variable Loan. $5,000 Cashback Available. COMPARE THIS LENDER
Bank West (1 Reviews) MakesCents Consumer Star Rating See All Reviews	Premium Select Home Loan	4.39%	4.41%	$0	Optional 100% offset account. $0 home loan application fee and property valuation fees. COMPARE THIS LENDER
Citi Bank (0 Reviews) MakesCents Consumer Star Rating See All Reviews	Standard Variable	4.49%	4.85%	$0	Split up to 4 accounts. Make additional repayments without penalty. COMPARE THIS LENDER
NOT SURE WHICH LOAN IS BEST FOR YOUR NEEDS? Speak to one of our Home Loan Specialists who can help you compare over 25+ lenders side by side in less than 60 seconds COMPARE NOW
Pepper Money (0 Reviews) MakesCents Consumer Star Rating See All Reviews	Variable Interest	5.14%	5.33%	$0	Non-genuine savings accepted. Visa Debit card access. Offset sub-account. COMPARE THIS LENDER
Teachers Mutual Bank (0 Reviews) MakesCents Consumer Star Rating See All Reviews	Your Way Plus Home Loan	4.49%	4.79%	$0	Unlimited fee-free redraws. Unlimited additional repayments. COMPARE THIS LENDER
ANZ Bank (320 Reviews) MakesCents Consumer Star Rating See All Reviews	Basic Variable	4.44%	4.45%	$0	Make Extra repayments anytime. Redraw available funds. Save on interest with an offset account ($210 a month). 300,000 Qantas Points available. COMPARE THIS LENDER
Commonwealth Bank (811 Reviews) MakesCents Consumer Star Rating See All Reviews	Extra Home Loan	4.44%	4.45%	$0	Redraw without a fee. Refinance Cashback Available. COMPARE THIS LENDER
ING Bank (133 Reviews) MakesCents Consumer Star Rating See All Reviews	Mortgage Simplifier	4.34%	4.36%	$0	Refinance Cashback available. Free ATMs everywhere in Australia. Unlimitd additional repayments. COMPARE THIS LENDER
Macquarie Bank (58 Reviews) MakesCents Consumer Star Rating See All Reviews	Basic Home Loan	4.29%	4.29%	$0	Free Redraw. $0 Annual Fee. Up to 6 loan accounts. COMPARE THIS LENDER
ME Bank (52 Reviews) MakesCents Consumer Star Rating See All Reviews	Basic	4.29%	4.31%	$0	No Application Fees. Offset Accounts COMPARE THIS LENDER
NAB Bank (281 Reviews) MakesCents Consumer Star Rating See All Reviews	NAB Base Variable Rate	4.49%	4.53%	$0	Unlimited redraws. Offset Accounts. Split Loan. COMPARE THIS LENDER
St George Bank (133 Reviews) MakesCents Consumer Star Rating See All Reviews	Basic Home Loan	4.34%	4.35%	$0	4k Cashback with Refinance. Family Pledge Strategy. No monthly or application fees. COMPARE THIS LENDER
Suncorp Bank (76 Reviews) MakesCents Consumer Star Rating See All Reviews	Back to Basics	4.34%	4.35%	$0	No Monthly account fee. Unlimited repayments. No loan establishment fee on new loans over $150,000. COMPARE THIS LENDER
Westpac Bank (283 Reviews) MakesCents Consumer Star Rating See All Reviews	Variable Rate	4.24%	4.57%	$0	$2k Cashback on Refinance. Parental leave assistance. Easy to switch to interest only. COMPARE THIS LENDER
NOT SURE WHICH LOAN IS BEST FOR YOUR NEEDS? Speak to one of our Home Loan Specialists who can help you compare over 25+ lenders side by side in less than 60 seconds COMPARE NOW

Refinance Mortgage Rates

What are the best Refinance Mortgage Rates?

NOT SURE WHICH LOAN IS BEST FOR YOUR NEEDS?

NOT SURE WHICH LOAN IS BEST FOR YOUR NEEDS?

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