Repricing
Repricing is asking your current lender to reduce the rate on your existing loan, without a new application, usually by showing that you could move to a competing offer.
Repricing, explained.
A lender may agree to a rate reduction after a repricing request. A competing offer, the loan's LVR and repayment history may influence its response.
Repricing seeks a rate reduction on the existing loan; check the offer's conditions. If the structure or lender is a poor fit, or more borrowing is needed, refinancing may be worth assessing.
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The Learn section is general information about lending in Australia. It does not take account of your objectives, financial situation or needs, is not credit assistance, and is not tax, legal or financial advice. Lender policies, government schedules and regulations change; check the current position with the relevant body or with us before relying on it.
