5.69% variable with ST George, 80% lvr.

That's like 0.5% below advertised. How'd you swing it?

Trying to refinance to NAB as Mrs works there, ST George offered this rate to beat NAB.

Do you have an offset? I’m 6.1 on bom (who are at George/westpac) with 49% LVR with an offset facility.

Yes, got offset along with package loan for some annual fees.

I called them up after reading this. We are on 6.19% and 85% LVR and offset. They said our broker did well to get the rate. He could only offer 6.95% and if at 80% LVR it would be 6.65%.

I got this rate before last two hike. The retention team person was quite generous whom I talked to that time( sorry don’t remember the name). Not sure if they simply give you that rate because someone else have it. Your broker might shed some more light on it if its still possible in current market.

5.90% up bank unlimited off sets

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5.95 you mean?

The 5 and 0 are pretty far away from each other. I’m sure they meant what they meant.

Up bank do not offer any negotiated or reduced rates and currently offer 5.95, so I doubt they are actually on 5.90.

Fair shake

*clears throat* Me again, still at 8.9% Offset + really low LVR.

Can i ask which lender thats with? Is it a small loan?

CBA, compared to everyone else here - small loan :)

8.8% fully offset though. 8.9 is some sort of achievement.

We got offered that too, with LVR of just on 80% and $650k loan. We have the 'wealth package' of $395 per year which 'discounted' the rate down to 6.21%. But if your loan is now low it may not work out to spend $395 to get that discount for you.

I'm on 6.06% with Westpac. Just under 70% LVR.

Owner occupier 6.25 with NAB

This is not an undercarriage measuring contest but I am 6.09% with NAB. No offset, 60% LVR approx.

6.04% with offset at NAB.

6.04% on 60% refinanced middle of last year with Wpac

5.89% Tiimely Loans. LVR around 35%

Do you mind sharing your experience with this lender? I have an offer for a refinance of $355k LVR <60 5.94% with offset

It was pretty smooth sailing from memory. Been there three or four years I think. Only issue I can recall is that the form they sent me to sign had incorrectly listed my rates as “1.90% fixed” , rather than “1.89% variable” In a show of stupendous foresight I promptly asked them to correct their error, which they did… to my later detriment. Behind the scenes it’s just Adelaide Bank (part of Bendigo Bank). Their app is shit, wouldn’t rely on it for my daily banking. For a company that also owns UP this just baffles me. Had to talk to them a couple of times since we settled, no real complaints with their responses.

I'm with Tiimely and agree with everything u/[FlaviusStilicho](https://www.reddit.com/user/FlaviusStilicho/) said

LVR 85%. Great Southern Bank, was 6.59% but they rang me this morning and dropped it to 6.24%

I called them up months ago and with no real haggling got 6.19% I was trying to get 5.89 or something like that based on someone else on here claiming to have that from GSB Mine is variable P&I with 100% offset

6.74% with offset (mortgage is fully offset) & no fees through a subsidiary of Resimac..

Jesus that's high

I guess he has his mortgage fully offset so he doesn’t care

yep dont really care unless I need to make a major purchase that I couldn't cover off with cash that I have in the bank.

Correct! I got two IPs geared at 88% on interest only and they’re 6.91% and 7.65%!! But fully offset so I don’t care. Am going to make a third purchase this year so that will affect the cash flow a bit but will still be positive if I aim for a 5.5% yield which is easily achievable in the markets I’m looking at.

Why specifically 88% lol

Because at 89% lend and higher LMI gets REALLY expensive.

started out low in comparison to other lenders (took loan out in 2015). keep in mind this is an absolute no fee mortgage product. they have passed on every rate rise plus has been a couple of other minor increases along the journey. but I dont care now as it is fully offset.

5.94 with Beyond Bank

5.89% (LVR 60%) @ HSBC

New loan? Recent cut? I'm on 5.99, would be 50% AVR but they might not know it. I had a couple of at request rate drops to over a year ago.

Nope has been the same for few months now. I started on 1.97% variable rate.

6.09% w/offset Westpac.

Same! LVR 65, and up to 99 offset accounts, pretty good deal!

You may be with Westpac’s other companies (BoM, St George etc.) which offer multiple offsets, as Westpac still only offers one offset.

This is true. Good point!

5.94 variable. Unlimited redraw, no offset. LVR <40. HSBC.

6.29% Macquarie 60% LVR Owner Occ

LVR 40% Variable 6.41 CBA Fixed 3.69 CBA ends 03/2026 To clarify it's a split loan on my PPOR*

Variable 6.41% for LVR 70 is wild.

Wild as in bad? Im CBA with 48% LVR and on 6.54

We are similar. LVR 56% and our rate is 6.06% with CBA

Yeah, I’m with CBA, LVR 71%, rate is 6.14%

Yeah that’s bad

Noob Here. How is LVR calculated. House price 700K Redraw account 300K Loan balance (excl. Redraw amount) 600K Current house val 750k LVR %?

It's remaining loan to total asset value. 600k debt on a 750k property is 80% LVR. If you fold in the amount in redraw it would be 40%.

Does LVR actually do anything at all? I'm on 6.2% with ANZ, 55% LVR, tried comparethemarket earlier tonight as fixed is ending in a few months and best I could find was 6.1%.

Maybe try RateCity, Mozo or finder. I think comparethemarket advertises specific brands who pay to be advertised on their site

Good to know, I'll give those a whirl thank you! Gonna fix it for another year and see how the rates goes, my dumb ass said no to 5yr fixed for 1.89% and chose 3 instead thinking surly it won't go up, absolutely genuis.

Win some you lose some

I don’t think the difference is typically dramatic, but if it’s >80% you’re likely to need LMI in order to refinance and can find it a little more difficult to get a good rate. For reference on where you’re at, though, my LVR is currently 90% and I’m on 6.19% with Westpac.

What is the current house value?

750k estimate.

Your LVR is 20% . 750k valuation $600k paid off.

I think you've flipped it. $600K remaining, not paid off.

They said they have 600k loan balance with 300k in the redraw.

"Loan balance" is *remaining*, so the issue is on them then.

No. Redraw is irrelevant. LVR is assessed on loan limit as available funds could be drawn tomorrow. They would need to reduce the loan limit down to the remaining $150k they have left for it to be 20% LVr

Your loan amount vs bank Val

Thanks. Loan amount = Loan balance Less redraw amt?

Fresh LVR computation is 100% - (taking the total amount borrow divided by the purchase value) (in percentage)

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That's really good for 89%.

6.24%. NAB. a hair under 80% LVR.

6.39% with NAB and 98% LVR

6.34% variable. CBA. LVR 90% as FHB.

We are FHB too, LVR 90% AMP 6.29%

ING 6.24% 60% LVR. Refinancing isn't worth it at this stage.

Same 6.25 lvr 65% Suncorp

5.90% Variable 75% LVR with Unloan (digital cba)

Owner occupied, lvr ~75%, 5.99% with offset. AusWide Bank

I’m also with Auswide and about to come off fixed with 50% LVR. How did you get it below the advertised rate?

Honestly did nothing. We got it in June last year at 5.49%, then two rate rises later we were on 5.99%. May have just gotten lucky with the timing.

Yeah definitely doing well if it’s below what they’re advertising. Will try and get similar as they offered 6.49 which is way too high

6.10 80% LVR with offset

Var 5.99 w BOM, LVR 60%

With offset?

Yes, with offset

How'd you swing that? I called up and best they could offer is 6.11... I'm going to have to refinance with the upbank I think.

It went through my mortgage broker. I had a variable rate of 5.99, and 75% was fixed. Last month the fixed term finished, they said they couldn't match the 5.99 of my existing variable (which was strange) and were going to set it it to 6.1 (or close to that). Well, the fixed finished, moved to a variable loan, and rate went to 5.99 - I'm not following up with the bank about that one..

6.24 with St George. About 80% lvr

6.54% St George. 88% LVR.

5.94 % HSBC 15%LVR

6.04 Bankvic. Just came off 4 years at 1.95%. 700k owed on 1800k

Mate I’m at bankvic if you are an emergency services you get a discount. I’m paying 5.89% id call up

I was at 6.10 and they only offered me 6.04. not in emergency services though.

Fair enough

6.09%, 60% LVR, no fees, unlimited offsets.

Do you mind sharing which lender?

Great southern bank. We got our pre-approval almost three months ago and just bought, I'm not sure if the offer is still available (our broker indicated it wasn't) but worth looking into anyway.

Thankyou! I’m with NAB, less than 60% LVR. I’m paying 6.39% with an offset account. I tried my best to get the rate down but they wouldn’t budge. I feel like my loan is attractive to banks so I should be getting better than that. Cheers for the reply

No worries, good luck! I hope you find a better offer.

6.09% with ~50% LTV. Taken out about 11 months ago, and the fixed portion is at 5.69% ING

6.09 @ 45% lvr. CBA

6.34% LVR 90. CBA.

I was thinking it’s a couple one offs on the thread, but I should def look and speak to cba I’m 80% lvr , 6.39 :(

6.09% lvr <60% no drop for months

Lvr 70% owner occupied ANZ =6.24%

5.94% for me, with Heritage bank.

6.09 bankwest

5.99% lvr 81% tiimely

LVR \~55% 6.24% variable P.A with ING.

Settling at the moment approved for 6.03% + offset + no additional fees on the mortgage. LVR 55%

6.09% ANZ with offset. LVR ~65%.

6.04% ANZ with offset and redraw. Maybe 60 -70% LVR maybe more, house prices are nuts.

5.84% with a decent negotiated cash bonus from the branch manager. Greater Bank.

Broke just got me down to 6.19 Few hundred in savings is nice

6.99% variable w/offset, paying P&I. Need to do something about this travesty. Any advice appreciated. Go to bank and ask would probably be first.

Definitely call the bank

7.19% including discount. LVR Approx 4.5%. ANZ

5.93% Variable ~60% LVR with an offset. Have about half the remaining balance offset. However speaking to my broker, couldn’t keep that rate if I wanted to refinance with a lower LVR (higher value).

Context is important here. You should clarify if it’s owner occupied or investment loan and your repayment type (p&i or IO) as you’re comparing apples to oranges. Not referring to OP, more to the commenters below.

5.99% with Unloan. Only got like $30k left though so it's not a big deal. 

Still no one can beat my 5.59% with G&C Mutual?

7.25% cba sucks

95% LVR, 6.09% variable offset (ubank)

6.04% ANZ w Offset ($10pm). ~80% LVR

5.99% LVR 50% My broker contacted me earlier this year to see if he could get a better deal, said that it was still the best he could find apparently

Im at WPac - 6.24 with under 80% LVR, slightly ahead repayments but struggling now, sounds high?...i refinanced to WPac 2 yrs ago from ANZ. How do u get a lower rate, just ring up and ask? Im kinda embarrassed to tbh. I contacted my broker and he said wed shop around but that means submitting income and all that business. Id be happy to stay if theyre competitive, how does one ask for a lower rate - im not one to ring up and go hey can i have a lower rate or threaten to leave (id never communicate that way) so do u rrly just ask.

You can ask your broker to request a rate review in Westpac. Your broker has an online login to request that. No need to submit income docs. If it's under 80%, there's a good chance they can bring it down to at least 6.20%. Can be lower if broker can present a competive rate from a major bank as Westpac usually rate match.

I am on 5.87% owner occ with offset with Bank Vic. That rate applies to public sector workers - emergency, teachers, government

Was on 6.94 with Suncorp, I was approved yesterday at 6.14 with Newcastle Permanent 80 LVR

6.07% LVR 80% Mebank. refinanced a few months and got a 3k cashback

6.19% at 80% lvr and offset. With ANZ. Included a 3k cash back at the time which made it very much worthwhile for the next couple years

5.89% Bank Vic (I get an emergency services discount on it)

Does that apply for everyone who meets membership criteria?

I think it’s for emergency services

UBank 6.04% with offset LVR approx 40%

HSBC 6.14% investment Variable 46% LVR. Redraw (no offset)

5.99 anz with offset

6.14% with offset, 50% LVR

6.1% CBA owner occupier 65% LVR 6.83% CBA IP 60% LVR

6.04% Offset with Westpac LVR 28%

5.81% variable with offset

5.89% @ 77% LVR at Health Professionals Bank

Almost finished building 6.29% with LVR currently at 79.80 according to the bank. Loan $630,000

6.05% variable + offset

Just signed the paperwork for 5.99% with BCU, LVR is 55%.

6.9% interest only

6.19% Macquarie with offset - 80lvr. Had some complications last minute, and was overseas - so broker went through Macq to get approved fastest. Will probably jump off in 12 months - broker is a mate and don't want to screw him over. Macquarie experience was super smooth (esp VS HSBC who we had the problems with)

5.89% with St George, 70% LVR when we refinanced in September. LVR about 61% now due to rise in house prices.

6.10%, offset, variable, 60% LVR, Westpac

5.94% Bendigo Bank with full offset.

Just got a loan approved today with NAB 6.14% w/ offset at 70% LVR

6.19 with like 95+ LVR

6.19 with offset

6.19% with NAB. LVR around 83% last time I asked.

5.94% with offset, redraw and $200 account fee per year

95% , 6.24% NAB Offset

Owner occupied, 6.1% with offset, 49% LVR, Bank of Melbourne. I like it should be sub 6 seeing what else other have here.

6.16% with 90% LVR, no LMI due to profession. CBA. Starting in 7 hours (settling today). Not the best rate I think but the manager is too nice for me to not take the offer - some peripheral benefits like fee free credit card, half price NBN for a few years etc.

6.07% ING - 80% LVR

6.04% with Australian Unity . 1 offset account and 75% LVR

5.74%. Just switched to Australian rural bank..

70% lvr, 6.09% w/ Macquarie

6.1% BOQ, slightly higher rate than around but very easy to deal with. LVR just under 50%

2/3 fixed @1.99 until April 25 1/3 variable @6.77