Your loan. Your reasons to review.
Start with your reason for reviewing.
Look at your repayments, loan structure and future plans. We help you compare suitable options with a clearer picture of the costs.
Lower Interest Rates
Look beyond the advertised rate.
Compare your current rate with suitable alternatives, including fees and the cost of switching.
Access Equity
Discuss your property value, equity and plans. Access to additional borrowing depends on lender assessment.
Switch Loan Type
Review fixed, variable or split options against your plans, repayment needs and any break costs.
Consolidate Debt
Review total repayment cost and the loan term before combining debts. A lower rate alone does not establish a better outcome.
Better Loan Features
Compare offset, redraw and extra repayment options with how you use your loan, including any feature fees.
A lower rate is only
part of the picture.
Compare the total cost of changing.
A lower rate is a starting point. Review switching costs, the remaining term and the features you need before making a decision.
Switching costs
Include the costs of switching.
Check discharge, application and valuation fees, plus any fixed-rate break cost. Compare these costs with the potential savings.
Remaining loan term
Compare over a consistent term.
Review options over the same remaining loan term. Restarting a longer loan may reduce repayments while increasing total interest.
Features and flexibility
Choose features you will use.
Compare offset, redraw and extra repayment options with how you manage money. Include any fees attached to these features.
A CLEARER COMPARISON
Rate + fees + term + features
Review the break-even point.
When would potential savings cover the switching costs? Compare that timeframe alongside the features and remaining term.
Check your available options.
Property value, equity and lender assessment affect what is available. Lenders mortgage insurance may apply.
A review does not always mean switching.
Ask what your current lender can offer as part of the comparison.
From loan review to a smoother switch.
A clear review, with support at each step.
Start with your current loan and why you want to review it. We help you compare options, prepare the application and coordinate the next steps.
Guidance in English & 中文.
① Start a conversation
Tell us why you are reviewing your loan, your goals and timeframe. Bring your current loan statement so we can start with a clearer picture.
② Review your position
Review your balance, rate, remaining term, repayments and fixed-rate expiry. Check your budget, income and commitments before planning a change.
③ Compare your options
Compare suitable rates, fees and features over a consistent loan term. Review switching costs and discuss what your current lender can offer.
④ Plan the next stage
Prepare the requested documents and apply when ready. The lender assesses the application; after approval, we guide settlement and updated repayments.
Bring your loan snapshot.
We’ll guide the next step.
At your first conversation
A simple overview is enough.
✓ Your current loan
Balance, rate, repayments, remaining term and fixed-rate expiry.
✓ Goals & timeframe
Why you want to review, when you hope to act and the features you value.
✓ Income, expenses & debts
Earnings, regular costs, other loans and credit limits.
Later, for your application
We will explain what to prepare. Requirements vary by lender and your circumstances.
Your lender may ask for:
• Identification
• Income evidence
• Current loan and account statements
• Property details and other debts
Start with what you know.
You can begin reviewing before your fixed rate ends or before collecting every document.
Use the agreed secure process to share financial documents.
Keep exploring, at your pace.
Explore borrowing power, browse our guides and find answers before your loan review. Estimates are a guide; your circumstances and lender assessment determine available options.
A question before you call?
Start with a clearer question.
Explore rates, fees, loan features and refinancing documents with BV Finance AI Chat.
For personal guidance, speak with a broker. AI provides general information.
Borrowing power
An estimate to frame the conversation.
Explore borrowing power using your income and commitments. Bring the result and your questions to a broker.
An estimate is a guide, not loan approval.
A FEW ANSWERS
Questions before
you switch.
A few practical questions to prepare for your refinancing conversation with a Melbourne broker.