Enter your loan amount and current interest rate to see how much you could save. It’s that simple.

I am an

Loan Amount

$

Current interest rate

%
Advertised Rate

1.75%

Fixed - 3 years

Comparison Rate*

2.22%

Company
UBank
Save by switching

$58,593

total savings

Repayment

$1,647

monthly

Total estimated upfront fees
$0
Real Time Rating™

3.80

/ 5
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Advertised Rate

1.77%

Variable

Comparison Rate*

1.83%

Company
Reduce Home Loans
Save by switching

$111,906

total savings

Repayment

$1,651

monthly

Total estimated upfront fees
$890
Real Time Rating™

4.54

/ 5
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Winner of Best refinance home loan, RateCity Gold Awards 2021

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Advertised Rate

1.89%

Fixed - 2 years

Comparison Rate*

2.94%

Company
Suncorp Bank
Save by switching

$67,014

total savings

Repayment

$1,674

monthly

Total estimated upfront fees
$0
Real Time Rating™

3.65

/ 5
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Advertised Rate

1.94%

Fixed - 1 year

Comparison Rate*

2.18%

Company
Well Home Loans
Save by switching

$89,604

total savings

Repayment

$1,684

monthly

Total estimated upfront fees
$785
Real Time Rating™

4.43

/ 5
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More details
Advertised Rate

1.99%

Fixed - 3 years

Comparison Rate*

2.61%

Company
Reduce Home Loans
Save by switching

$66,465

total savings

Repayment

$1,693

monthly

Total estimated upfront fees
$1170
Real Time Rating™

4.11

/ 5
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Winner of Best 3 year fixed pi, RateCity Gold Awards 2021

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Advertised Rate

2.04%

Fixed - 3 years

Comparison Rate*

2.73%

Company
Virgin Money
Save by switching

$63,423

total savings

Repayment

$1,703

monthly

Total estimated upfront fees
$450
Real Time Rating™

4.24

/ 5
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Advertised Rate

2.04%

Fixed - 2 years

Comparison Rate*

2.79%

Company
Virgin Money
Save by switching

$60,477

total savings

Repayment

$1,703

monthly

Total estimated upfront fees
$450
Real Time Rating™

3.94

/ 5
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Advertised Rate

2.05%

Fixed - 2 years

Comparison Rate*

2.65%

Company
Adelaide Bank
Save by switching

$23,619

total savings

Repayment

$1,705

monthly

Total estimated upfront fees
$498
Real Time Rating™

2.92

/ 5
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Advertised Rate

2.09%

Variable

Comparison Rate*

2.12%

Company
Yard
Save by switching

$93,303

total savings

Repayment

$1,713

monthly

Total estimated upfront fees
$795
Real Time Rating™

4.09

/ 5
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Winner of Best refinance home loan, RateCity Gold Awards 2021

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Advertised Rate

2.09%

Fixed - 3 years

Comparison Rate*

2.43%

Company
Macquarie Bank
Save by switching

$72,288

total savings

Repayment

$1,713

monthly

Total estimated upfront fees
$363
Real Time Rating™

4.30

/ 5
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Winner of Best 3 year fixed pi, RateCity Gold Awards 2021

More details
Assumptions | Australian Credit License 316710. *WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. This is an information service. By browsing on the website and/or using our search tools, you are asking RateCity to ...click to read more.

*How did we work out the savings?

• These savings are the estimated difference between the total repayments on an owner occupier loan of $400,000, using the average big 4 owner occupier discounted variable rate and the lowest owner occupier variable rate on our database for an LVR of 80%. 
• These savings are estimates only – they are not predictions. These estimates are intended to help you compare home loans, though you should always do your own research and consider seeking professional financial advice before applying for a home loan.
• To keep our calculations consistent, we have used the following assumptions when estimating your savings:
• Interest rates: We have used the average big 4 owner occupier discounted variable rate of 3.60% (LVR 80%) switching to an interest rate of 1.99% in our calculations. These calculations assume this interest rate will apply for the entire loan term. However variable interest rates may rise or fall over the course of your mortgage and affect the cost of your loan. Calculations are based home loan rates data as on 30/11/2020. 
• Loan: We have assumed you are a new customer looking for a 25 year owner-occupied home loan with monthly principal and interest repayments and a loan amount of $400k.
• Payments: We have assumed you’ll maintain these minimum repayments, and won’t make extra repayments, pay out the loan early, or refinance.
• Fees: We have not included any fees in our savings assumptions. This includes upfront fees, ongoing fees, break costs or other miscellaneous fees.