We have an option to assess your capacity to repay by reviewing the business and home lending that is being replaced or refinanced, checking to ensure the commercial loan being refinanced has had no late payments over the past 12 months, and that any individual associated with the lending has had no late payments on any consumer facilities (including the home loan being refinanced) over the past 24 months.

A new-to-bank customer who is looking to refinance for a lower lending rate, an additional top up (subject to limit) or a loan term extension for their current business and home loans. Certain conditions apply, including that the minimum repayments on each new facility will be less than or equal to the your current minimum principal and interest repayments on the corresponding loan.

*Refinanced home loan must be new to bank and currently with a lender which is a full Comprehensive Credit Reporting participant. Refinanced business loan can be new to bank lending as well

Potential client benefits
• A single decision point for applications
• Consistent timing and faster decision outcomes for business and home loan applications
• May have an opportunity to access additional funds (i.e. top up) subject to equity being available and repayment amount on refinanced loan not increasing
• May be able to increase their cash flow through a lower lending rate or an extended loan term.