Comparing our home loans against the big 4

time to refinance

Have you ever wondered how much you could actually save on your home loan by refinancing?

We take a look at how much we can save our clients by comparing our Rate Buster Offset 3.44% to the average big 4 bank home loan and you wouldn’t believe how much we save our clients.

ANZ - refinancing 5.25%p.a. Standard Variable#

5.35%p.a. Comparison Rate#

Current Repayment on a $400,000 Home Loan = $2,208.81 per month Current repayment and savings with REDUCE HOME LOANS
3.44%p.a. = $1,782.81 per month, saving you $426 per month or $5,112 per year!
Westpac - refinancing 5.29%p.a. Standard Variable#

5.43%p.a. Comparison Rate#

Current Repayment on a $400,000 Home Loan = $2,218.74 per month Current repayment and savings with REDUCE HOME LOANS
3.44%p.a. = $1,782.81 per month, saving you $432.93 per month or $5,231.16 per year!
Commonwealth Bank - refinancing 5.22%p.a. Standard Variable#

5.37%p.a. Comparison Rate#

Current Repayment on a $400,000 Home Loan = $2,201.39 per month Current repayment and savings with REDUCE HOME LOANS
3.44%p.a. = $1,782.81 per month, saving you $418.78 per month or $5,025.36 per year!
Nab - refinancing 5.25%p.a. Standard Variable#5.38%p.a. Comparison Rate# Current Repayment on a $400,000 Home Loan = $2,208.81 per month Current repayment and savings with REDUCE HOME LOANS
3.44%p.a. = $1,782.81 per month, saving you $426 per month or $5,112 per year!

 

How much you could save by comparing

Have you ever considered how much you could save on your home loan by refinancing? Let’s delve into the potential savings our clients can enjoy by contrasting our Rate Buster Offset at 3.44% with the average home loan from the big four banks. Prepare to be astonished by the difference we can make for you.

Current Big Four Bank Rates:

  • Standard Variable: 5.25% p.a.
  • Comparison Rate: 5.35% p.a.
  • Current Repayment on a $400,000 Home Loan: $2,208.81 per month

 

Current Repayment and Savings with Reduce Home Loans:

  • Rate: 3.44% p.a.
  • Monthly Repayment: $1,782.81
  • Savings: $426 per month or $5,112 per year!

This substantial difference in monthly repayments highlights the immense savings potential when choosing Reduce Home Loans over traditional big four bank options.

 

# Both the Bank logo and interest rates click through to the lenders product we are comparing too. Interest rates, repayment amounts and savings are true and accurate as of 6/09/2016 and could change without notice.

 

1300 733 823