Refinancing
Loyalty is expensive. Check what yours costs.
A full review across 35+ lenders, with switching costs, break fees and cashback offers netted out so the comparison is honest.
Good reasons to refinance
- Your rate has drifted above what new customers are offered
- Consolidating personal loans, car finance or card debt
- Releasing equity for renovations or an investment deposit
- Fixed term ending and rolling to a high revert rate
What we check before recommending it
- Discharge, break and new-loan establishment costs
- LMI implications if your equity position is tight
- Whether your existing lender will match on a retention call
- Loan term reset and its true long-term cost
Common questions.
How long does refinancing take?
Typically three to six weeks end to end, depending on the outgoing lender's discharge team.
Is a cashback offer worth chasing?
Only if the ongoing rate stacks up. A one-off payment rarely outweighs a rate that's 0.3% higher for five years.
Will refinancing extend my loan?
It can, unless we deliberately keep the remaining term. We'll always show both scenarios.
Get an honest refinance comparison
A free, no-obligation 30-minute call is usually enough to know exactly where you stand and what to do next.