Refinancing
Refinance Home & Personal Loans in Australia
Looking to refinance your home loan or personal loan? Prosper Loan Experts helps you compare lenders, review rates, consolidate eligible debts, and find a loan that fits your goals.
Whether you want to reduce repayments, access equity, switch lenders, or restructure your current loan, our brokers guide you through the refinancing process with clear support.
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Benefits of Refinancing with Prosper Loan Experts
Review your home loan or personal loan with help from brokers who compare lenders, explain your options, and guide you through the refinance process.
Loan amount
$150,000 - $2,000,000
Secured interest rate
5% - 6.8%
Unsecured interest rate
Not Offered
Loan terms
10 - 30 years
Rate type
Fixed or Variable or Split
Average turnaround
1 - 3 business days
Establishment fee
$0 - $1,000
Repayment frequency
Weekly, fortnightly, or monthly
Documents Needed
Identification Documents
Passport or driver’s license.
Medicare card.
Existing Loan Details
Current loan statements (last 6 months).
Payout figure or discharge authority from the existing lender.
Proof of Income
Recent pay slips (2-3 months).
Tax returns (if self-employed).
Bank Statements
Transaction account statements (3-6 months).
Property Details
Current property valuation.
Credit History
Details of other debts or liabilities.
Additional Documents (if accessing equity)
Purpose of equity release (e.g., renovation quotes, investment plans).
Proof of Address
Utility bills or rental agreements.
READY TO GIVE US A TRY?
Ready to refinance your loan?
Our team is ready to help you find better rates and terms. Contact us today to start your refinancing journey!
No Compromise, Just Maximize.
How to Refinance Your Loan?
Consultation
Talk to our experts about your current loan.
Financial Review
We assess your situation to tailor the best refinancing solution.
Submit Application
Once you've chosen a loan, we'll submit an application on your behalf similarly to when you first took out a Home Loan or Investment Loan.
Discharge & Settlement
Once your new loan is approved, we'll work with your new lender to let your old lender know you’d like to pay out your existing loan.
What Our Clients Say About Prosper Loan Experts
Real stories from satisfied clients who found the perfect loan solutions with our help.
Francois Benier-Alleaume
10 months ago
Extremely happy with Bal. He has helped us out tremendously. I wish i had meet him earlier as I would have saved allot of money.
Highly recommended A+++
Sachin Sharma
2 years ago
I had an excellent experience working Bal Gautam. His expertise and dedication made the home-buying process smooth and stress-free. He was always responsive and went above and beyond to find the perfect home for me. I highly recommend Bal and his team services to anyone in search of their dream home. Thank you!
James Grady
8 months ago
Amazing service, fast turnaround around and very helpful throughout the whole process. I couldn't be more happy with the service and advice given throughout the process.
Highly recommended!!
Ann Pradhan
2 years ago
Bal was available anytime if we had any queries and responded efficiently .He kept us informed throughout the process. We really appreciated the service we were provided and recommended Bal.
Frequently Asked Questions
What does it mean to refinance a home loan?
Refinancing a home loan means replacing your current loan with a new one, either with your existing lender or a different lender. Many borrowers refinance to review their rate, reduce repayments, access equity, consolidate eligible debts, or switch to loan features that better suit their goals.
How do I refinance a home loan?
To refinance a home loan, you usually start by reviewing your current loan, checking your rate, comparing lenders, and preparing documents such as proof of income, ID, bank statements, and current loan details. Prosper Loan Experts helps guide you through the home loan refinance process from comparison to settlement.
When should you refinance your home loan?
You may consider refinancing your home loan when your current rate is no longer competitive, your repayments feel too high, your financial goals have changed, or you want to access equity. It may also be worth reviewing your loan if your fixed rate is ending or your lender is no longer offering the features you need.
How much does it cost to refinance a home loan?
The cost to refinance a home loan depends on your lender, loan type, property, and refinance purpose. Common costs may include discharge fees, application fees, valuation fees, settlement fees, and government charges. Prosper Loan Experts helps you compare the likely costs against the possible savings before you move ahead.
How long does it take to refinance a home loan?
Refinancing a home loan may take a few weeks, depending on the lender, your documents, valuation requirements, and settlement process. A complete application can help reduce delays. Our brokers help prepare the paperwork and keep the refinance process moving with the lender.
Can I refinance my home loan with the same bank?
Yes, you may be able to refinance your home loan with the same bank, but it is still worth comparing other lenders. Your current lender may offer a better deal, but another lender may provide a more suitable rate, loan structure, or features. Prosper Loan Experts helps you compare both options.
Can refinancing help with debt consolidation or equity access?
Yes, refinancing may help you consolidate eligible debts or access home equity, depending on your lender, income, property value, and loan position. This can help simplify repayments or fund approved purposes such as renovations. A broker can help you understand whether this approach suits your situation.
Can I refinance a personal loan too?
Yes, personal loan refinance may be an option if you want to review your rate, change repayment terms, or combine eligible debts into a more suitable structure. Prosper Loan Experts can help compare refinancing options for both home loans and personal loans, with home loan refinancing remaining the main focus of this service page.
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We are a top-rated mortgage and finance broker in Australia, trusted by individuals and businesses for expert support in home loans, car loans, investment loans, refinancing, private lending, and more.
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Prosper Loan Experts Pty Ltd ABN: 93 676 188 211. Credit Representative #527574 is authorised under Australian Credit License #384704.
Disclaimer: Your full financial situation and requirements need to be considered prior to any offer and acceptance of a loan product. The information contained in this website is of a general nature and does not take into account your personal needs and requirements. The figures shown in the calculators do not constitute an offer for finance. Lender policy and conditions, fees and charges will apply. The information provided by the calculator is intended to provide illustrative examples based on the stated assumptions of your input. Results are a guide only and do not constitute financial advice or a guarantee of an outcome. You should always discuss your individual circumstances with a representative of Prosper Loan Experts Pty Ltd T/A Prosper Home Loans.
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