• Bank First announces a change to interest rates effective from 25 March 2020. Find out more

Close

Refinance your home loan

How much could refinancing save you?

Enquire now View Loans

Have you ever wondered how much money you could save by refinancing your home loan? As a customer owned bank, we’ve thought about it and it could be thousands of dollars.

See the savings by comparing loans

Take a look at how a lower interest rate and no monthly fee can save you money2.

Home Loan 1 Home Loan 2
Balance $400,000 $400,000
Term 20 years 20 years
Variable Interest Rate 2.84% p.a. 3.80% p.a.
Monthly Repayment $2,186 $2,382
Monthly Loan Fee - $10
Monthly repayment and fee reduced by $195.00  
Saving over the life of the loan $46,917  

Enquire now 

Saving $195 a month might seem like a small amount, but it adds up overtime with overall savings of $46,917.

What would you do with $46,917?

House Renovation

Renovations? 

Car

Car? 

Luggage

Holiday? 

Nurse Smiling

First Rate Home Loan

2.84% p.a.

variable interest rate owner occupied loans with an LVR of 80% or less

2.89% p.a.

Comparison Rate1

Learn more Apply now
Nurse smiling and sitting at her desk in hospital

Premier Package Home Loan

3.03% p.a.

variable interest rate owner occupied loans with an LVR of 80% or less

3.47% p.a.

comparison rate1

Learn more Apply now
Couple looking at each other smiling.

Complete Home Loan

3.21% p.a.

variable interest rate owner occupied loans with an LVR of 80% or less

3.26% p.a.

comparison rate1

Learn more Apply now
Couple sitting down on the floor, next to boxes.

Standard Home Loan

3.57% p.a.

variable interest rate owner occupied loans with an LVR of 80% or less

3.62% p.a.

comparison rate1

Learn more Apply now
Home First Refinance Tool

Refinance your Home Loan and save

Our online calculator is fast and easy. Find out how much you could save by switching to Bank First.

Learn more

refinance-marketo

Enquire Now

We’re here to help you crunch the numbers

Leave your details below and one of our consultants will be in touch.

Privacy Policy
Pencil

Online

Apply now
Call us

Call us

1300 654 822
person with love heart

Consultation

Request a consultation

Related Articles

Couple having a coffe and discussing things Pros and Cons of Refinancing: What you need to know Housing and Property

Pros and Cons of Refinancing: What you need to know

Read article
A consultant talking to a couple about home loan Can I pay off my home loan early? Housing and Property

Can I pay off my home loan early?

Read article
Couple looking into documents and laptop. 7 Home Loan features to consider Housing and Property

7 Home Loan features to consider

Read article

Important Information

Home Loan Interest Rates effective 1 April 2020.

Interest is calculated daily. Interest rates are per annum, current at the time of printing and are subject to change without notice. Refer to website for current rates.
1. Comparison rate calculated on a secured loan amount of $150,000 for a term of 25 years. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees and other loan amounts might result in a different comparison rate. Fees and charges apply. Terms and conditions available upon request.
2. These figures are approximates and should be taken as a guide only. The calculations assume that the interest rate and any fees and charges remain unchanged for the full term of the loan. These figures are based on the assumption that the repayments are made on time, as required by the contract.