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Your lender won't call when rates drop. We will.

If your loan is more than a couple of years old, there's a fair chance you're paying more than you need to. We review it for free, compare the market, and manage the entire switch.

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Refinancing

A health check that can save you thousands.

Lenders rely on loyal customers not checking the market, it's often called the loyalty tax. Existing borrowers commonly pay more than new customers at the very same bank. A refinance review takes minutes to start and can free up serious money every month.

We look at your current rate, fees and loan structure, then compare what 35+ lenders would offer you today. Sometimes the best move is switching; sometimes it's asking your current lender to sharpen their rate, and we can do that negotiation for you. If the numbers don't stack up, we'll tell you straight.

Refinancing can also be the right tool for consolidating debts, unlocking equity for renovations or investment, or restructuring your loan with features like an offset account. We'll model the options so you can see exactly what each path costs and saves.

Why it works

How we make switching painless

Free Loan Review

We start by checking what you're on now versus what the market would offer you today. No cost, no obligation, and if staying put is the right call, we'll say so.

Whole-of-Market Comparison

We compare rates, fees, and switching costs across 35+ lenders, and account for break costs so the savings you see are real, not headline-rate marketing.

We Handle the Switch

Discharge forms, the new application, the settlement booking, we manage the entire process with both lenders so you don't have to chase anyone.

Run the numbers

Refinance savings calculator

See what a lower rate could save you each month, and over the life of your loan.

Estimated monthly saving
$270 /mo
Current repayment
$3,696 /mo
New repayment
$3,427 /mo
Saving over remaining term
$80,864

Estimates only. Assumes principal-and-interest repayments over the same remaining term, and excludes switching costs such as discharge fees, application fees, and any fixed-rate break costs, we'll quantify those for your actual loan. Results do not constitute credit advice or an offer of finance, and your eligibility depends on a full assessment of your circumstances. Talk to us for figures based on your actual situation.

Common questions

Refinancing FAQs

How much does it cost to refinance?
Typical costs include a discharge fee from your current lender (often a few hundred dollars), government registration fees, and sometimes an application or valuation fee with the new lender, though many lenders waive these or offer cashback. If you're on a fixed rate, break costs can apply. We always net these against the savings before recommending a switch.
Is it worth refinancing for a small rate difference?
Often, yes. Even 0.5% on a $550,000 loan is roughly $2,700 a year in interest. The larger your balance and the longer your remaining term, the more a small rate difference matters. The calculator above gives you a quick feel for the numbers.
Will refinancing hurt my credit score?
A refinance application creates a credit enquiry, like any loan application. One enquiry has a minor effect; repeated applications in a short period are what lenders see as a red flag. Going through a broker reduces that risk because we match you to a lender whose policy you fit before anything is lodged.
Can I refinance to consolidate my debts?
Often, yes, rolling higher-interest debts like credit cards or personal loans into your home loan can reduce your total monthly repayments significantly. The trade-off is that the debt stretches over a longer term, so we structure it carefully (for example with extra repayments) so it actually saves you money overall.
How long does refinancing take?
Generally two to six weeks end-to-end, depending on the lenders involved. Some lenders offer fast-track digital refinances that can settle in days. We'll tell you realistic timeframes up front based on current lender turnarounds.

Wondering what you could save?

Send us your current rate and balance, we'll come back with a free, no-obligation comparison.

Get StartedCall 0455 721 087
Get in touch

Start your enquiry.

Your information is kept confidential and used only to respond to your enquiry, as described in our Privacy Policy. Toukan Finance is an Authorised Credit Representative (CRN 577748) of Outsource Financial Pty Ltd (ACL 384324).

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