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Refinancing your Home Loan

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Looking to refinance? We’ll explain how it works and the benefits of choosing us

Things are always changing, so it’s a good idea to make sure your home loan is keeping up with your lifestyle and needs. Regularly reviewing your mortgage to make sure it works for you is just part of being smart with your finances.

A lending consultant can answer all your questions, and guide you through the process of switching your loan to Australian Mutual Bank. Contact us now.

 

The Guide to Refinancing

Refinancing your home loan may be very rewarding and it could save you interest or time on your loan. It could also give you better features that can make life easier for you. By putting in the time and effort to understand why you are refinancing there is a good chance you will make the right decision and reap all the rewards.

Here are some things you should consider before you get started:

  • What are you looking for in a home loan?
  • What are the features of your current home loan
  • What are the costs of moving your home loan

What loan options are available?

 

Fixed Rate Owner Occupied

Lock in a competitive rate for up to 5 years

  • New Loans from $20,000 only
  • No monthly or annual fees
  • Additional repayments up to $20,000 without penalty
  • 3 Year Fixed 5.49 % p.a. Interest rate
  • 6.24 % p.a.
    Comparison rate
Apply now Learn more

Standard Variable Rate Home Loan

Our most popular Home Loan with a very attractive variable rate

  • 100% offset account available
  • Free redraw facility
  • No annual or monthly fees
  • Variable 6.44 % p.a. Interest rate
  • 6.51 % p.a.
    Comparison rate
Apply now Learn more

Special Offer 3 Year Discounted Basic Variable Rate

For the first 3 years of your loan save on interest with a lower introductory rate

  • Australian Mutual Bank establishment fee, plus third-party valuation and mortgage service fees waived
  • New loans from $500,000 only
  • Family Support Option available
  • 3yr disc. variable* 5.69 % p.a. Interest rate
  • 6.06 % p.a.
    Comparison rate
Apply now Learn more

GumLeaf Standard Variable Rate Owner Occupied

Take root and grow with a GumLeaf Home Loan

  • New loans from $50,000 only
  • Offset 100% of the balance
  • Rates are based on your loan-to-value ratio
  • ≤60%LVR 5.99 % p.a. Interest rate
  • 6.06 % p.a.
    Comparison rate
Apply now Learn more

GumLeaf Basic Variable Rate Owner Occupied

The evergreen, no frills Basic GumLeaf Home Loan, built for value

  • New loans from $50,000 only
  • No annual fee
  • Rates are based on your loan-to-value ratio
  • ≤60% LVR 5.89 % p.a. Interest rate
  • 5.96 % p.a.
    Comparison rate
Apply now Learn more

Basic Variable Owner Occupied

A home loan that keeps things simple and saves you money

  • No Annual Fee
  • Free redraw facility
  • Minimum loan only $20,000
  • Variable 6.19 % p.a. Interest rate
  • 6.26 % p.a.
    Comparison rate
Apply now Learn more

GumLeaf Investment Variable Rate (Principal & Interest)

Let us help you build that residential investment property portfolio

  • New Loans from $50,000 only
  • Offset 100% of the balance
  • Rates are based on your loan-to-value ratio
  • ≤60% LVR 6.19 % p.a. Interest rate
  • 6.26 % p.a.
    Comparison rate
Apply now Learn more

2 Year Fixed Investment Special Offer (Interest only)

Lock in a great rate for your investment dream

  • Principal & Interest or Interest Only options
  • New loans from $500,000 only
  • Additional repayments up to $20,000 without penalty
  • 2 Year Fixed Rate IO*** 5.49 % p.a. Interest rate
  • 6.86 % p.a.
    Comparison rate
Apply now Learn more

Investment Variable Rate (Principal & Interest)

Let us help you build that residential investment property portfolio

  • New Loans from $20,000 only
  • Offset 100% of the balance
  • No monthly or annual fees
  • Variable 6.94 % p.a. Interest rate
  • 7.02 % p.a.
    Comparison rate
Apply now Learn more

GumLeaf Investment Variable Rate (Interest Only)

Let us help you build that residential investment property portfolio

  • New loans from $50,000 only
  • Offset 100% of the balance
  • Rates are based on your loan-to-value ratio
  • ≤60%LVR 6.44 % p.a. Interest rate
  • 6.50 % p.a.
    Comparison rate
Apply now Learn more

2 Year Fixed Investment Special Offer (Principal & Interest)

Lock in a great rate for your investment dream

  • Principal & Interest or Interest Only options
  • New loans from $500,000 only
  • Additional repayments up to $20,000 without penalty
  • 2 Year Fixed Rate P&I** 5.49 % p.a. Interest rate
  • 6.72 % p.a.
    Comparison rate
Apply now Learn more

Fixed Investment (Interest Only)

An Investment Home loan that allows you to fix your rate for 1-5 years

  • Interest Only
  • New Loans from $20,000 only
  • Additional repayments up to $20,000 without penalty
  • 3 Year Fixed 5.79 % p.a. Interest rate
  • 6.81 % p.a.
    Comparison rate
Apply now Learn more

Investment Variable (Interest Only)

Pay interest only repayments with this special product for investors

  • Interest Only
  • New Loans from $20,000 only
  • Offset 100% of the balance
  • Variable 7.04 % p.a. Interest rate
  • 7.10 % p.a.
    Comparison rate
Apply now Learn more

Fixed Investment (Principal & Interest)

An Investment Home loan that allows you to fix your rate for 1-5 years

  • Principal & Interest
  • New Loans from $20,000 only
  • Additional repayments up to $20,000 without penalty
  • 3 Year Fixed 5.59 % p.a. Interest rate
  • 6.63 % p.a.
    Comparison rate
Apply now Learn more

Not ready to apply but simply wish to make an enquiry?

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

 

 

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Why choose Australian Mutual Bank?

  • 100% Customer owned

    On becoming a member of our bank, you're not just a customer, you're an owner!

  • Ethical banking

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  • Friendly service

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Footnotes:

  • 1 At the end of the fixed period the rate reverts to the Owner Occupied Standard Variable rate.
  • 2 This comparison rate is based on a $150,000 loan over a term of 25 years. 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. All loan applications are subject to Australian Mutual Bank Ltd normal lending criteria. Fees and charges, terms and conditions apply.
  • 3 Special Offer 3 Year Discounted Basic Variable Rate is applicable to loan applications received on or after the 25th October 2024 and is subject to change without notice. Not available in conjunction with any other offer. New money only with a minimum borrowing amount of $500,000 and a maximum LVR of 80%. The discounted rate is 0.50% below the Basic Variable Rate Home Loan Owner Occupied rate and will remain so for a 3 year period. At the end of the 3 year period, the rate reverts to the current offering of the Basic Variable Rate Home Loan Owner Occupied rate applicable at the time.
  • 4 Home loan information and interest rates are for new money loans only and are subject to change. Loan to Value Ratio (LVR) is the ratio or money you borrow compared to the value of the property used as security, as determined by the Bank. LVR value is determined at time of origination only.
  • 5 Special Offer Investment 2 Year Fixed Rate is applicable to loan applications received on or after 01 November 2024 and is subject to change without notice. New money only with a minimum borrowing amount of $500,000 and a maximum LVR of 80%. Reverts to the Investment Variable product at Principal & Interest repayments at the end of the fixed period. Offer available for a limited time only and may be withdrawn once portfolio is met.
  • 6 Reverts to the Investment Variable product at Principal & Interest repayments at the end of the fixed period.
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Australian Mutual Bank acknowledges the Traditional Owners and Custodians of the land where our office is located in Surry Hills, Sydney as the Gadigal people of the Eora Nation. We further acknowledge the Traditional Owners and Custodians of Country from where our members and employees reside.

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Any advice or information on this site does not take into account your personal objectives, financial situation or needs and you should consider whether it is appropriate for you. Please review Australian Mutual Bank Ltd Account and Access Facility Conditions of Use and Financial Services Guide before acquiring the product.

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