We’ve recently launched a new home loan offering eligible customers a more flexible way to refinance. We call Retro Switch.
What is Retro Switch?
Switch enables eligible customers to refinance to AFG Home Loans Retro, using a more flexible solution with a reduced 1% serviceability buffer, helping free up cash flow and improve a customer’s financial situation. Here's what you need to know about Switch:
- Maximum loan amount of $1,500,000
- Competitive interest rates with dollar-for-dollar refinance (with the ability to include costs up to a maximum of $10,000)
- Maximum LVR of 80% with both P&I and IO repayments available
- A revised 1% serviceability buffer for Retro Switch and external mortgages
- Available to category 1 and 2 locations (please refer to the lookup tool in the servicing calculator)
Who is eligible to apply?
Australian residents:
- Who have a clean credit history and fit our Retro customer profile
- Who have been with their current lender for more than 12 months
- Who have an LVR under 80%
To make sure your customers fit the criteria for Retro Switch, you can read the TMD.
Visit Lenders for Switch key documents including the latest ratecard, serviceability calculator, product specs and more.
