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REFINANCING THE HOME YOU LIVE IN

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Why choose Athena?

Customer Savings 60k

Fiercely fair value

Changing home loans for good is in our DNA and can save you money. So far we've saved thousands of Aussies a total of $704m** and counting.
Repayments after accessing equity

Need to borrow more?

Unlock equity easily and get maximum borrowing power.
Switch Interest Rate type

Flexibility without the fees

Easily change your loan type, repayment frequency or top-up when you need, for free, on our Straight Up and Power Up loans.
List of offset accounts

Offset and save

With Athena's offset accounts, you can stash your cash any way you want with our Power Up loan. The more money you put in your offset, the less interest you'll pay.
Consolidate your loans

Hedge your bets or consolidate debts

Customise your split loans across fixed, variable, owner, investor, P&I and IO or different loan terms (max 10). Consolidate up to four debts onto the one interest rate.
Athena's Loan Ranger team

We find a loan for every home

We have loans for every borrower. From home owners and investors, to specialist loans for construction, self employed, bridging and even the trickier situations. Talk to us.

If we can't give you a loan, we'll find someone who can. We do the search, the paperwork and negotiations.
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Doing business for good

Balancing profit with people and purpose, Athena is a certified B-Corp. Proof we're committed to a better, fairer world. B-Corps are businesses that meet high standards of social and environmental performance, accountability, and transparency.
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The home loan wrecker

Since our launch in 2019 we've settled over $6.3 billion in loans for Aussies. Home loans are all we do, and we're obsessed with changing them for good. We continue to rewrite the rules, creating tools, products and policy that put the power back in our customers' hands.
Read more about Athenar

Our loans for Home Owners

Simple or sophisticated, stay great rates - we’ve got a loan for your property.

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ATHENA'S SAVINGS SUPERPOWERS

  • No fee loans

    Choose an Athena loan with no fees and avoid paying an average of $8,650 in fees with other lenders4. Pay your loan off faster instead!

  • Drop your own rate

    With AcceleRATES the more you pay down your loan, the more we'll lower your interest rate - automatically2.

  • Don't pay loyalty tax

    Loyalty tax is when existing customers are charged a higher interest rate than new customers. UNFAIR. All customers get the same great rate on like-for-like loans3 at Athena.

  • Offset and save

    Pay less interest by salary crediting into your offset. Set up multiple offsets to help bucket savings goals.
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trustpilot

"We're now saving a lot with our new loan! I simply can't find a better home loan package than Athena's for paying off my mortgage sooner."

Marion, Home Loan Wrecker

TAKE THE NEXT STEP

Calculate your numbers

We’ve slashed the time, paperwork and hassle. Get a quote fast and start saving!
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Compare your current loan, check your eligibility and calculate your repayments.
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Our 15 minute online application is simple and gets you a decision in 60 seconds.

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Once approved, review and return your docs. We’ll get you settled and saving fast.

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Real Home Owners.
Real love.

Join the thousands of happy Athena customers and hear their stories on Trustpilot.

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LOCAL KNOWLEDGE

Help when you need it

Our Aussie-based Loan Experts are here if you need a hand. Reach us by phone, SMS or live chat to ask a question and they’ll even do the application with you.

Learn more about choosing the right home loan

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Principal & Interest vs Interest Only

It’s all about paying it off or putting it off. What is a Principal & Interest home loan?

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Home loan hacks article

Hacks to pay off your home loan faster

We'll help you pay down your home loan faster with our simple shortcuts.

Read articler
Article:Repayments

Do you pay less interest if you pay weekly?

Shave thousands and years off your loan by understanding repayment calculations.

Read articler

FAQs

What’s the process to switch over?

Apply in as little as 15 mins (but take your time). Our loan experts will be in touch.

We'll run the valuation and other bits including ID verification which can take up to a few days.

A transfer request is then sent to your current lender but be warned this is often where delays happen. You may find your current lender’s retention team trying to drag things out for as long as possible. In some cases where the original lender has been reasonable, the transfer process can take around 2- 3 weeks. In some cases, longer.

On average from quote to settlement, it’s taken our existing customers 6 weeks to switch over. It could take shorter or longer depending on your scenario, but we will always keep you in the loop

Am I eligible to refinance to Athena?

The easiest way to find out if you're eligible is to pop in some details here. It'll only take a few minutes.

Or read more about our eligibility criteria.

We believe there's a great loan for every home. If you currently don't meet Athena's criteria, we are confident that our Home Loan Specialists from Athena Select will be able to find you the best deal possible.

Learn more about Athena Select

Which AcceleRATE tier will I be on?

You can find our which AcceleRATE tier you're on by calculating your LVR. To calculate your LVR divide the loan amount (exclude any redraw or offset balance) by the property value and multiply by 100.

For example: If your loan amount is $450,000 and the value of your property is $700,000 your LVR is 60% ($450,000 / $700,000 X 100 = 60%). You will be on the CelebRATE tier.

Note - Your loan amount does not include funds in your redraw.

I want to refinance multiple properties over to Athena

We love that! Switch and you could save even more by bringing all your properties to Athena.

You’ll get a dedicated Home Loan Expert from start to settlement, red-hot investment rates and we’ll be right alongside you through the process.

Submit your first property application and let us know about your other properties and we'll handle the rest!

Can I refinance with equity release?

Want to borrow more from your property’s equity for things like renos or investments? Sure, if it all fits within the loan size and maximum LVR.

Check out our eligibility criteria.

Can I refinance to consolidate debt?

Yes, combine all your debts into your home loan and you could save yourself a whole lot of interest. Genius.

How do valuations work at Athena?

We run valuations for properties after you submit your application free of charge.

How long does it take to switch over?

You could apply in as little as 15 mins (but take your time). Our decisioning engine is super quick to turn things around and supply conditional approval.

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We then run the valuation and other bits, including ID verification, which can take up to a few days. Afterwards, we request a transfer from your current lender, but be warned this is often where delays happen. You may find your current lender’s retention team trying to drag things out for as long as possible.

In some cases where the original lender has been reasonable, the transfer process can take around 2- 3 weeks. In some cases, longer. On average, from quote to settlement, it’s taken our existing customers 6 weeks to switch over.

It could take shorter or longer depending on your scenario, but we will always keep you in the loop.

Will I be charge penalty fees by my current lender?

If your loan was settled after 30 June 2011, lenders are not legally allowed to charge an exit fee. That said some lenders still pass on costs (usually called discharge fees) when you jump ship to a better deal. And of course, if you’re on a fixed rate then you will need to check out what the break fee is, remembering it can be chunky depending on the size of your loan and time left.

Check with your current lender what sneaky discharge fees they’ll charge you to leave. You should always make sure your savings are worthwhile against the possible costs. Head over to our calculator to work out your savings.

Our disclaimers
Please take a moment to read our disclaimers, thanks!
Athena's disclaimers

All applications are subject to eligibility and assessment. Government charges may apply.

ᶺ Comparison rate calculated on a $150,000 secured loan over a 25 year term. WARNING: Comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Comparison rates for Fixed rate loans are based on a Straight Up revert rate. Comparison rates for variable interest only loans are based on an initial 5-year interest only period. Comparison rates for fixed Interest Only loans are based on an initial interest only period equal in length to the fixed period. During an Interest Only period, your Interest Only payments will not reduce your loan balance. This may mean you pay more interest over the life of the loan.

** The interest savings estimate is based on average savings of actual customers who have refinanced to Athena's Classic, Straight Up, and Power Up products since launch. It is a modelled estimate and does not predict actual future savings. Assumptions like interest rates and borrower behaviour may change over the loan's life, impacting the estimated savings. Fluctuations in interest rates are not considered. The current interest rate environment may differ from historical trends, affecting actual savings. Fees from the existing lender are not included. The estimate assumes the same loan terms and timely repayments. Individual situations vary, so seek professional advice before making financial decisions.

~ Winner of Finder Home Loan Customer Satisfaction Awards 2023

¹ We don’t charge you any Athena fees for being a customer with our Straight Up and Power Up home loans, however government charges or break costs may apply when changes are made to your Fixed Loan. Athena fees are applicable to Tailored home loans.

² Athena Straight Up and Power Up interest rates comprise of a reference rate for each product purpose and repayment type less an LVR (loan to value) based discount. Athena Tailored interest rates are compromised of the final applicable rate only. You can find our current rates, reference rates and LVR discounts here. Interest rates may change at any time. Athena’s Straight Up and Power Up Home Loan products are able to access the AcceleRATES discount. The interest rate these products have applied is calculated by applying an LVR percentage discount onto the reference rate. If the LVR is exactly 60%, the loan would qualify for the ≤60% LVR tier. If the LVR is exactly 70%, the loan would qualify for the 60-70% LVR tier. LVR is calculated using Loan Amount, which does not include redraw or offset funds and is based off your property value from the approved property valuation at the time you originally applied for the loan. AcceleRATES rewards loan pay down and isn’t intended to vary with your property’s value. We will not generally accept revaluation requests except at our discretion and at cost to the borrower, where the property has materially changed, such as with a major renovation.

³ Automatic Rate Match. Applies to Athena's Straight Up and Power Up Home Loan products and excludes all others. A like-for-like loan means the product name (e.g., Straight Up) and LVR tier (e.g., ≤50%, 50-60%, 60-70%, or 70-80%) advertised to new customers must be the same product name and the same LVR tier that you have as an existing customer. The way we construct and name products may include a combination of the loan’s purpose (e.g., Owner, Investor), repayment type (e.g., P&I, IO), interest type (e.g., variable), borrower type, different features, or specific qualification criteria. However, none of these criteria will be designed to favour new customers over existing customers. If we ever offer new customers a lower rate on a like-for-like loan, anyone who’s on it will get the Automatic Rate Match.

⁴ Calculated using the RBA 2024 Bank Fees Report, which found that Australians paid $811 million in 2023 on home loans (RBA January 2024), divided by the number of households with a mortgage (ABS Housing: Census 2021). Your situation may be different.

Athena acknowledges the traditional owners of the land on which we gather the Gadigal people of the Eora nation. We acknowledge that sovereignty was never ceded and respect their continued and continuing connection to this place.