Re-financing to MOVE to take advantage of our super-low 4.13 % (4.22% p.a comparison rate)* home loan rate could save you thousands of dollars over the life of your loan.

But like most people, you’re probably wondering – what exactly does that mean for you in the here and now?

For MOVE Bank member Cailyn refinancing to MOVE Bank got her a whole lot more than just a better rate on her home loan. She was able to streamline her debts, slash her fortnightly repayments and borrow the extra money she needed to do some renovations including a new bathroom!

Cailyn’s story

Cailyn has been a member of the Credit Union since 2009 and recently won the “Win Free Electricity for a Year” competition when she refinanced her home loan to MOVE Bank.

However free electricity wasn’t the only thing Cailyn won.

In addition to her home loan repayments, Cailyn and her partner were also paying off an MOVE Bank personal loan at 13.74% p.a. interest and a car loan from another financial institution that was charging an incredible 36.00% p.a. interest! The combined monthly repayments for these three loans came to a whopping $1,600 a fortnight.

Here’s how we helped…

Cailyn was contacted by Jacqui, one of MOVE’s lending specialists. After discussing her situation in detail Jacqui was able to help Cailyn consolidate all three loans into her new MOVE Bank Economy Home Loan.

Taking advantage of our limited time rate of 4.13% p.a (4.22% p.a. comparison rate*) means she will now save thousands of dollars in interest over the life of her loan. It also means she has slashed her fortnightly repayments from $1,600 per fortnight to less than $600 per fortnight!

“It’s so much better,” said Cailyn when we asked what this change had meant to her

“I honestly don’t know how we were managing to live”.

A new bathroom and a happy ending!

But that’s not the end of the story. As well as helping her get more from her home loan, MOVE was also able to help Cailyn get the new bathroom she’d wanted for years. Her lower fortnightly repayments now meant that MOVE was able to lend Cailyn the extra money needed for the bathroom plus several smaller renovations around their home.

How much could you be saving?

Use our handy calculator to compare your current home loan and find out how much more you could be getting by switching to MOVE Bank!


Or get in touch with a MOVE Bank lending specialist by calling us on 1300 362 216.


Fees and charges apply.  Available only for new-owner occupied loans of $50,000 or more with a maximum of 80% LVR with the Economy Home Loan. *The comparison rate is based on a secured loan of $150,000 for a term of 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms or other loan amounts might result in a different comparison rate.

This blog post is for general information purposes only and is not intended as financial or professional advice. It does not have regard to the financial situation or needs of any reader and must not be relied upon as financial product or other professional advice. You should seek your own independent financial, legal and taxation advice before making any decision about any action in relation to the material in this article. Railways Credit Union Limited trading as MOVE Bank ABN 91 087 651 090. AFSL/ Australian Credit License number 234 536 | ABN 91 087 651