Refinancing
Refinancing your home loan is more than just switching providers – it’s about finding a smarter, more personal way to manage your loan. Whether you’re looking to lower your repayments, pay off your home sooner or use your equity to fund future plans, we’re here to help.
Features & Benefits
| feature | |
|---|---|
| No ongoing monthly fees | Keep costs down with no monthly account-keeping fees |
| Flexible repayment options | Choose weekly, fortnightly, or monthly repayments |
| Redraw facility | Access extra repayments with unlimited online redraw (variable loans only) |
| Offset account | Available with eligible products |
| Support from real people | Talk to a local team who take the time to understand your needs |
| Equity access | Unlock equity to use for renovations, purchase investment properties, car purchases or other goals |
The refinancing process
Refinance into one of
our trusted home loan products:
| loan type | interest rate | comparison rate | key features |
|---|---|---|---|
| Local Choice Home Loan* | From 5.24% p.a^ | From 5.29% p.a^^ | No monthly fees, redraw, great flexibility |
| Standard Variable Rate | from 6.24% p.a.^ | 6.30% p.a.^^ | No monthly fees, redraw, great flexibility |
| Standard Fixed Rate (1 - 3yr)** | from 6.74% p.a. | from 6.35% p.a.^^ | Lock in certainty, fixed for up to 3 years |
Rates effective 15 August 2025. Terms, conditions and eligibility criteria apply. View the full fee and rate guide for all tiers and options.
Term and conditions
Credit eligibility criteria, terms and conditions, fees and charges apply. For further details, including product-specific features and requirements, please call us on 03 5744 3713. Interest rates current as of 15 August 2025 for new lending approved on or after 15 August 25 and are subject to change without notice.
^ Interest rate is only available to owner-occupied loans, principal and interest repayments with less than or equal to 60% Loan to Value Ratio (LVR). Interest rates for investment loan purposes, interest-only loans and other applicable LVR tiers will differ.
^^ Comparison rate based on a secured loan of $150,000 over 25 years. WARNING: This comparison rate is valid only for the examples given and may not include all fees and charges. Different terms, fees and other loan amounts might result in a different comparison rate. Costs such as redraw fees or early repayment fees and cost savings, such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
* Local choice home loan offer does not apply to refinances or switches from other Central Murray Bank home loan products. The offer is not available to company and trust account holders. The interest rate is subject to change. Offset is not available on this product.
** Fixed rate loans are for a term of 12, 24 or 36 months, after which they revert to the standard variable loan rate. They are available for new and existing loans. An application fee is applicable. Fixed rate loans do not allow redraw, offset, or further loan amounts.
