Most people set up their home loan once, then get on with life. Fair enough between work, family, and everything else on your plate, checking your interest rate every few months probably isn’t top of mind.
The trouble is, lenders don’t always tell you when a better rate comes along. Banks tend to save their sharpest pricing for new customers, while loyal, existing borrowers can end up quietly paying more than they need to sometimes without ever finding out.
That’s exactly why we built this Rate Review tool. It takes about a minute to use, and it gives you a real, side-by-side comparison between what you’re paying now and the best rate currently available across our panel of 39-plus lenders, based on your property value, loan amount, and loan type.
Here’s how it works. You’ll enter a few basic details your property value, your current loan balance, the rate you’re paying today, and how many years you’ve got left on the loan. We’ll also ask whether the loan is for your own home or an investment property, and whether you’re on principal and interest or interest-only repayments, since rates differ across all of these.
From there, we work out your loan-to-value ratio (LVR) essentially how much you owe compared to what your property’s worth because that number has a real impact on which rates you can access. We then match that against our panel’s current best advertised rate for your situation, and show you what the difference could mean in real dollars: per month, per year, and over the life of your loan.
If it turns out you’re already on a sharp rate, we’ll tell you that too, no exaggerated numbers, no pressure. And if there’s a gap between what you’re paying and what’s available, you’ll see exactly how big it is before you decide whether it’s worth a conversation.
This isn’t a loan application, and it won’t affect your credit file. It’s simply a quick, honest check so you know where you stand. If the numbers are worth looking into further, we’re always happy to walk you through your options properly with no obligation either way.
Give it a go below. It only takes a minute, and it might be the most useful minute you spend on your home loan all year.
How does your rate compare?
Tell us a bit about your current loan and we'll check it against our panel's best available rate for your situation.
| Loan-to-value ratio (LVR) | — |
| Monthly saving | — |
| Estimated saving over remaining term | — |
Want to know exactly what it'd take to switch? Let's talk it through — no obligation.
Book a Free Call*Best available rate is the lowest advertised rate found across our panel of 39+ lenders for the loan-to-value band, loan purpose and repayment type you've entered, as at the date this tool was last updated with current rates. It is not a loan offer or formal quote, and the lender offering it may carry its own eligibility criteria. Actual rates depend on full assessment of your circumstances, the lender, and credit approval. Awesome Lending Solutions (Albertus Pty Ltd) is a Credit Representative (407514) of AFG Australian Credit Licence 389087.
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Important information about this calculator
The results shown by this Rate Review tool are estimates only, provided for general information purposes. They are not a loan offer, pre-approval, or formal quote, and should not be relied on as financial advice.
The “best available rate” shown is based on the lowest rate currently advertised across our lender panel for the loan-to-value band, loan purpose, and repayment type you’ve entered, as at the date this tool was last updated. Advertised rates can change at any time, and the lender offering the lowest rate may have its own eligibility criteria, fees, and loan features that this tool does not take into account.
This calculator does not consider your full financial circumstances, including your income, expenses, credit history, employment situation, other debts, or the specific features you might need in a loan (such as offset accounts, redraw, or a fixed-rate period). Actual interest rates, loan approval, and how much you can borrow depend on a complete assessment of your situation and are subject to the lender’s credit approval process.
The repayment and savings figures are calculated using standard loan repayment formulas based on the information you provide, and assume the interest rate stays the same for the whole comparison period, in reality, rates can rise or fall over time.
This tool does not constitute credit assistance or financial advice under the National Consumer Credit Protection Act 2009.
Compliance, Licensing & Trust
Awesome Lending Solutions operates as an authorised credit representative CR407514 of a licensed aggregator AFG 389087, ensuring all advice and recommendations meet strict regulatory and compliance standards.
We also take our responsibility seriously and always act in your best interests, in line with Australia’s Best Interest Duty obligations.