Is your home loan still working for you?

A loan health check is a review of the home loan you already have. Loans are easy to set and forget, yet your income, your household and your plans change over time, and so do the loans lenders offer. A review checks whether your current loan still fits, and what the alternatives would look like.

What we compare

We look at your interest rate and whether it is fixed or variable, the fees you pay, the features you have and whether you use them, such as an offset account or redraw, and how long the loan has left to run. We then compare these with other suitable loans, including what your current lender may be willing to offer.

When a review is worth doing

A review can be useful when a fixed-rate period is about to end, when you have not looked at your loan for a few years, when your income or family circumstances have changed, or when you are thinking about renovating or bringing other debts together.

Switching is not always the answer

Changing loans has costs, which can include discharge fees, break costs on a fixed rate, new set-up fees and government charges. We set those costs beside the potential benefit so you can decide with the full picture. Sometimes the right outcome is to stay with the loan you have, and if so we will say so. You can read more on our refinancing page.