Refinance with a People's Choice Basic Variable Home Loan
A competitive interest rate with no application or ongoing fees, and the flexibility to make extra repayments. Loan to Value Ratio (LVR) less than or equal to 70%^.
See what refinancing with People's Choice could do for you by visiting our Refinance Calculator below, or you can apply now online, in branch, or by calling 13 11 82.
What is refinancing?
Refinancing your home loan means replacing an existing home loan with a new one.
If you find your current home loan is no longer suitable for you and your lifestyle, whether it's because your fixed loan term is ending or you want to change your interest rate, you can refinance to a home loan more suitable for your situation.
Reasons to refinance your existing home loan:
- To reduce your home loan repayments
- Your fixed term loan is ending
- You're planning to renovate your home
- Your circumstances have changed and your existing loan is not suitable anymore
- To consolidate your debts and simplify your finances
- To get access to new loan features, such as an offset account
- To use the equity in your home
- To change your loan type to a fixed rate, variable rate or split rate loan
Why refinance to People’s Choice?
Personalised service
Here at People’s Choice we’re member owned, and that means we’re focused on helping you find the right home loan solution, with personal service available in branch, through our local contact centre, or our mobile Home Loan Advisers who can come to you.
FASTReFi®
FASTRefi® is a process that reduces the time it usually takes to refinance your eligible loan, so you can enjoy the benefits of your new home loan sooner.Loan flexibility
Enjoy flexible repayment frequency - pay weekly, fortnightly or monthly. Plus, make unlimited extra repayments on variable loans, so you can pay off your loan faster.
Offset account option for selected variable loans
Link your loan and transaction account to help reduce the interest and time taken to pay off your loan.
Refinance calculator
Getting a property valuation
If you’ve decided to refinance to People's Choice, then we’ll need to organise a valuation to confirm the current estimated market value of your home.
There are a few different ways we can do this and it may include having a licenced valuer visit your home at a time that suits you. Your Home Loan Adviser can chat through the process in more detail. They'll help you every step of the way.
Home loan fees and extra charges
Don't get caught by surprise - it's important to be aware of extra charges you may need to pay, including:
- Application fees
- Settlement fees
- Valuation fees
- Stamp duty
- Government mortgage registration fees
- Exit fees
- Early repayment fees
Contact your current home loan provider to find out what fees are payable if you refinance your existing home loan.
Ready to refinance?
Related articles
Six reasons to consider refinancing your home loan
Reasons why you should review your home loan and consider refinancing.
How to choose a home loan
When you’re trying to find the right home loan, there can be a lot to compare. Here’s what to look out for.