Beating the banks at their own game

How to lower the interest you pay on your loans…

As your trusted finance broker it’s our job to help you get the best possible deal when buying [or refinancing] a home or investment property.

Over time however, lenders have a habit of tinkering with their interest rates – sometimes in line with any RBA cash rate changes, sometimes not, and often by varying amounts.

That’s because lenders are locked in a constant battle between maintaining [or maximising] existing customer profits; and competing in the ‘market’ to win new customers.

As a result new customers generally get offered better deals than a lender’s existing customers! Not fair right! So much for being a ‘loyal’ customer 🙁

But it’s not all bad news – in fact, thanks to our very competitive lending landscape, we the consumer, pay a lot less for loans than we once did and have more choices than ever.

So, how do you reduce your loan interest costs?…


Want to always be on the best deal with your lender?… make them compete for your business!

But don’t expect your lender to initiate the negotiation – you’ll have to ‘scare’ them into it.

What you need to do is tell your lender you’re looking at switching to a cheaper competitor and watch them spring into action!

Simply pick up the phone and give them a call – tell them you’re seriously considering moving your loan/s to a different lender unless they reduce your interest rate.

[By the way if you don’t feel comfortable doing this we will happily do it for you, but in most cases you will get a quicker result by doing it yourself.]

This is called a Rate Review – and it’s where you find out how much your bank really loves you.

Don’t be surprised if they reduce your interest rate by 0.10 – 0.40% right there and then on the phone.

We’ve had clients achieve a rate reduction as high as 1.70% just by making a phone call!


If your lender won’t budge, then your next option is to find out if another lender is willing to offer you a better rate!

This is called a Refinance – it’s where we work our magic to see if we can find a better deal for you.

Keep in mind, if you’ve recently arranged your loan through us it’s unlikely switching to a new lender will benefit you.

If however you’ve been with the same lender for at least 18-24 months then there’s probably been enough changes in the market to warrant looking at your options again.

Remember the only reason to refinance is to save money, so it’s important we take into account all costs and fees associated with changing lenders.

What to do now…

Call your lender today and ask them to reduce your interest rate.

If you don’t get the desired result or you would prefer our assistance, simply call 08 8451 1500 or email to schedule in a free finance review.

You’ve got nothing to lose and everything to gain!

The review process doesn’t take long and it will show that either; we can save you a significant amount of money; or what you have in place is ok and doesn’t need changing.

Even a small change in your interest rate can make a huge difference – paying just 0.50% less on a $500,000 home loan will save you over $50,000 in interest over the life of the loan!

In addition to getting you a great rate, we can also revisit a range of debt reduction strategies you could use to pay off your mortgage faster and save even more interest.

Here’s a few of the ways we could help you save;
negotiate a better interest rate with your existing lender
switch your loan from interest only to a cheaper principal & interest loan rate
refinance your current loan to a new lender with a cheaper interest rate
refinance and consolidate any high interest debts you may have
switch from a low doc loan to cheaper rate full doc loan
Lastly, we’ve negotiated with one of our lender partners to offer you a free no-obligation bank valuation of your home, so you can see exactly how much it is worth in today’s market!

>> To book your free Finance Review call 08 8451 1500 or reply to this email.


If you’re looking to purchase a home or investment property, or are thinking of refinancing, consolidating debt, or even freeing up some equity for renovation or future investment we can help.

We have full doc and low doc options, principal & interest or interest only repayments and LVRs up to 95% for owner occupiers are available.

Don’t forget to ask us about our special first home buyer deals!

For more info and to calculate how much you could save on your home or investment loan by refinancing visit –  

>> To book your free Finance Review call 08 8451 1500 or reply to this email.


Sam, Matt & Andy
Urbantech Finance

PS. Switching lenders has never been easier, and some banks are even offering as much as $4,000 to get you to become their customer.

PPS. You can see all our best loan rates here and use our loan comparison calculator to see how much you could potentially save!

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Urbantech provides a complete service to build and protect your wealth; mortgage & finance broking, +plus a range of allied services. Simply put we'll make sure you get the best deal going. To get started today book in your FREE Finance & Wealth Evaluation or call us on 08 8451 1500

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