If you have ever been stung by “surge pricing” while trying to find a late night Uber ride home… you are probably not alone. Paying one and a half or double the standard fare is not an uncommon occurrence -especially during busy times.¬†The question is if this is acceptable for a home loan?

“2017 is dubbed the refinance year”

Chris, a HashChing user, refinanced his “outdated” Big-4 home loan with Hashching a while ago, but he is not the only one in search of a better deal. 70% of all refinances on HashChing are from a Big 4.

In this Pie chart you can see the percentage of refinancing requests that we received on HashChing in the past few months. The Big4 comprise 70% of all refinancing requests. CBA customers are the biggest portion with 21%. Both NAB and WESTPAC are having 16%, 17% are from ANZ and rest 30% are from non Big 4 lenders.

So can you save money on your home loan by using HashChing?

A good loan product 7 years ago gave you a 0.6%p.a. discount, good loans now are all at 1+%p.a. discounted. Potentially, a $500,000 loan with a term of 30 years and an interest rate of 5.65% p.a refinanced at a rate of 4.6% p.a can lead to savings of $322.96 per month and up to $116,264.56 over the duration of the term! Use our mortgage repayment calculator to see how much you can save.

Refinancing your home loan can save you precious bucks if you make the right choice. If you want to speak to a mortgage broker fill out this form and a local mortgage broker will be in touch with you shortly.


HashChing is helping Australians by providing access to the pre-negotiated home loan deals. Obligation free consultation with one of our partner brokers might save you time, hassle and money.