Our Services
Loan Refinancing
Stop Overpaying. Start Saving.
If you have not reviewed your home loan in the past two years, there is a strong chance you are paying more than you need to. Refinancing is one of the most powerful financial tools available to Australian homeowners and EMAAR Finance makes the process straightforward, stress-free, and genuinely rewarding.
Are You Paying the Loyalty Tax?
Australian lenders are notorious for offering their most competitive rates to new customers while quietly allowing existing customers to drift onto higher rates over time. This phenomenon, sometimes called the 'loyalty tax' costs Australian homeowners billions of dollars each year in unnecessary interest payments.
The Reserve Bank of Australia has consistently highlighted the gap between rates offered to new borrowers and those paid by existing customers. For a homeowner with a $600,000 mortgage, even a 0.5% difference in interest rate translates to over $3,000 in additional interest per year, and significantly more over the life of the loan.
Refinancing is the most direct and effective way to address this imbalance. By moving your loan to a lender offering a more competitive rate, you can reduce your monthly repayments, shorten your loan term, or redirect savings toward other financial goals.
Reasons to Refinance
Refinancing is not always about chasing a lower interest rate. There are many compelling reasons to review and restructure your home loan, and the right reason for you will depend on your current financial position and future goals.
Lower Your Interest Rate: The most common motivation for refinancing. Even a modest reduction in your interest rate can generate substantial savings over the life of your loan.
Access Your Equity: If your property has increased in value, you may have significant equity available to access for renovations, investment, education, or other financial goals.
Consolidate Debts: Rolling high-interest debts, such as credit cards or personal loans, into your home loan can significantly reduce your overall interest burden and simplify your finances.
Improve Your Loan Features: Refinancing can give you access to features your current loan may not offer, such as an offset account, a redraw facility, or the ability to make additional repayments without penalty.
Switch Between Fixed and Variable: Restructure your rate type to suit your current priorities, lock in certainty or access the flexibility of a variable rate.
Release a Guarantor: Once your equity position is sufficient, refinancing can allow you to release a family member from their guarantor obligation.
The True Cost of Refinancing
Refinancing is not without costs, and it is important to understand the full picture before proceeding. Potential costs include discharge fees from your existing lender, application fees with the new lender, government fees for mortgage registration, and in some cases, break costs if you are exiting a fixed rate loan early.
At EMAAR Finance, we conduct a thorough cost-benefit analysis for every refinancing client. We calculate your break-even point, the point at which your savings exceed the costs of refinancing and only recommend proceeding when the numbers genuinely stack up in your favour. We will never recommend a refinance that does not deliver a clear and meaningful benefit to you.
Potential Cost
Typical Range
Discharge Fee (existing lender)
$150 – $400
Application / Establishment Fee (new lender)
$0 – $600 (often waived)
Government Mortgage Registration Fee
$100 – $300 (varies by state)
Break Cost (fixed rate exit)
Varies, can be significant; we calculate this upfront
Lender's Mortgage Insurance (if LVR > 80%)
Varies, we structure loans to avoid this where possible
Our Refinancing Process
We make refinancing straightforward and stress-free. From your initial loan health check to the day your new loan settles, we manage every step.
01
Free Loan Health Check
We review your current loan, rate, features, remaining term, and outstanding balance, and benchmark it against the current market to identify your savings potential.
02
Savings Analysis
We calculate your potential savings across multiple refinancing scenarios, factoring in all associated costs to give you a true net benefit figure.
03
Lender Comparison
We search our panel of 60+ lenders to identify the products that offer the greatest benefit for your specific situation, profile, and goals.
04
Application & Approval
We manage the entire application process, liaising with your new lender and coordinating the discharge of your existing loan.
05
Settlement & Transition
We oversee the transition to your new loan, ensuring the process is seamless and that you begin benefiting from your new rate as quickly as possible.
Why Choose EMAAR Finance
True Cost-Benefit Analysis
We calculate your exact net savings before recommending a refinance
No Unnecessary Applications
We protect your credit score by only applying when the numbers stack up
Full Market Comparison
We search 60+ lenders to find the genuinely best rate for your profile
Seamless Transition
We manage the entire process from application to discharge
Ongoing Loan Reviews
We proactively monitor the market and alert you to savings opportunities
Or call: +61 400 000 000
Find Out How Much You Could Save
A free loan health check with EMAAR Finance takes less than 30 minutes and could save you thousands. Book your review today and discover what you have been missing.