Refinance with us
Paying too much for your home loan?
Refinancing can help.
Switch to Coastline Bank and take advantage of competitive rates and no establishment fee special offer, available until 31 July 2026.
At Coastline Bank, our local expertise makes the process simple and hassle-free.
Whether you want to reduce repayments, get a better rate or unlock your equity, we're here to make it easy.
Key features
- Competitive variable and fixed rates
- $300 establishment fee waived
- Redraw facility (minimum $500)
- Flexible repayment options
- Loan period flexibility
- Access to multiple offset accounts on the standard variable rate home loan
- Support from local lending specialists
- Monthly fee $8
- To apply, you must be 18 years of age
Rates and options
Variable rate:
- 5.89% p.a
- Comparison rate 6.02% p.a
Fixed rates:
- 1 year: 6.14% p.a (comparison rate 6.36% p.a)
- 2 year: 6.19% p.a (comparison rate 6.36% p.a)
Eligibility
This offer is available if you:
- Are refinancing your owner-occupied home loan from another financial institution
- Have an LVR of <= 80%
- Borrow at least $100,000
- Choose principal and interest repayments
Find out if you’re eligible today!
Speak with a Coastline Bank lending specialist or start your enquiry online. Scroll down for more information.
Important information
- Variable rates are subject to change without notice.
- Loan is subject to terms and conditions; fees and charges may apply.
- Eligibility is subject to lending criteria.
- At the end of any fixed rate period, the loan converts to the standard variable rate.
- Comparison Rate calculated on a loan amount of $150,000 over a term of 25 years
- WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
How refinancing works
At Coastline Bank, we guide you through the refinancing process. Here’s how we find you the best home loan to match your financial goals.
1. Review your current home loan
Start by taking a close look at your existing home loan contract. Is your interest rate too high? Do your loan terms no longer suit your needs? If so, it might be a good time to consider refinancing.
2. Talk to our experts
Our team is committed to helping you find the right home loan. They'll help you weigh up the pros and cons and find out if refinancing makes sense for your situation.
3. Compare loan options
This step is all about finding the home loan that best suits your goals and financial situation. Whether you're looking for a lower rate, a flexible loan term, or useful features like redraw, or an offset account, we'll help you compare your options.
4. Apply and save
Once you've chosen the best refinancing option, it's time to start the application process. Our team will help you gather the necessary documents and complete the application. The sooner you get started, the sooner you can start saving!
When should I refinance?
If interest rates have dropped since you took out your home loan, refinancing could get you a better deal. Securing a lower interest rate reduces your monthly repayments, saving you money over the life of your loan. Even a tiny drop in the rate can make a big difference.
If interest rates have dropped since you took out your home loan, refinancing could get you a better deal. Securing a lower interest rate reduces your monthly repayments, saving you money over the life of your loan. Even a tiny drop in the rate can make a big difference.
Refinancing may help you shorten your loan term. Allowing you to pay off your mortgage faster. For example, switching from a 30-year loan to a 15-year loan will mean higher monthly repayments, but the long-term savings could be well worth the investment. It's also a good option for those seeking to build equity quickly.
If your home has increased in value, refinancing could allow you to access these funds. This is known in the banking world as equity. Accessing your equity by refinancing can be a smart way to fund home renovations, consolidate debt, or cover a large expense. Tapping into your home's value may also get you a lower interest rate than using a personal loan or credit card.
If your financial situation has changed, refinancing adjusts your home loan accordingly. You can opt for lower repayments if your budget is tight or shorten your loan term to pay off your home sooner. Refinancing allows you to reassess your current loan to make sure it aligns with your financial goals and lifestyle.
Why refinance with Coastline Bank?
Our competitive rates mean lower monthly repayments, saving you thousands over the life of your loan. You’ll also free up your funds for other financial goals.
Our competitive rates mean lower monthly repayments, saving you thousands over the life of your loan. You’ll also free up your funds for other financial goals.
Refinance with Coastline Bank and choose a loan term that fits you best. From shorter loan periods to reduce your interest to an extended period that fits your budget.
Refinance to tap into your home’s equity for renovations, investments or other goals. At Coastline Bank, we’re committed to helping you refinance on your terms.
At Coastline Bank, you’re more than a customer; you’re part of our community. Our experienced staff take the time to listen and offer a tailored approach that the bigger banks often can’t provide. We’re all locals living on the coast, and we’re here to guide you through the refinancing process.
Reduce the amount of interest you pay by taking advantage of our offset account. When you refinance to Coastline Bank’s Variable Home Loan, you’ll get access to this helpful feature at no extra cost.
Refinancing to the right home loan could save you thousands. Our friendly local team can show you your options and useful features to help you pay off your home faster. Whether you want to lower your interest rate, access equity, or find a more flexible loan term, we’re ready to help you make it happen.
Banking
28 Jan
Offset accounts: A guide to saving thousands over the life of your loan
At Coastline Bank, we understand that every dollar matters when paying off your home loan. That’s why we offer our customers an offset account. This smart home loan feature is designed to help you save money by reducing the interest paid on your mortgage. Our helpful guide explains how an offset account works and how it can save you thousands over the life of your loan.
Read MoreLoan options and services
General advice warning
This advice has been prepared without considering your personal objectives, financial situation or needs. Before acting on it, you should consider whether it’s appropriate for your circumstances. For more information – including terms and conditions, Product Disclosure Statements, Target Market Determinations or Financial Services Guides – please refer to the details under ‘Important information’ on the relevant product pages.
All loan applications are subject to credit approval. Interest rates are subject to change, and fees and charges may apply.