Retro Switch

An OO/INV variable home loan with both P&I and IO rate and simplified serviceability for full doc refinance customers

Home loansLender updated 8 Oct 2026

At a glance

Variable (owner occ. P&I): 6.74%6.78% comparison
Variable (investor P&I): 7.04%
Max LVR: 80%
Features: offset, redraw, extra repayments

How it compares

This home loan in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.

Typical 6.36%

5.8%6%6.2%6.4%6.6%6.8%7%7.2%to 9.5%

This home loan: 6.84%Every other institution's lowest, 101 in all

Owner occupier, principal & interest, 80% LVR. One dot per institution, at its lowest variable home loan rate anyone can apply for; hover or tap a dot for its name.

Rate	This home loan	Best anywhere	Typical institution	Where it sits
Variable home loanOwner occupier, principal & interest, 80% LVR	6.84%	5.69%AAA Financial Corporation's Portfolio Loan	6.36%of 102 institutions	88th lowest of 102
Investor variable home loanInvestment, principal & interest, 80% LVR	7.14%	5.69%AAA Financial Corporation's Portfolio Loan	6.58%of 102 institutions	88th lowest of 102, level with one other

Rates

Every rate AFG Home Loans -Retro publishes for this home loan, 45 in all.

Variable rate by LVR

Owner occupier, principal and interest, the lowest rate published for each band of the loan's share of the property's value

≤60%6.74%
60–70%6.74%
70–80%6.84%

Variable rate for the band

Type	Applies to	Term	Band	Rate	Comparison	Conditions
Variable	Investment, Interest only	-	≤60% LVR, $100,000–$750,000	7.04%	7.08%	-
Variable	Investment, Interest only	-	≤60% LVR, $100,000–$750,000	7.14%	7.15%	-
Variable	Investment, Interest only	-	≤60% LVR, $1,250,000–$1,500,000	7.04%	7.08%	-
Variable	Investment, Interest only	-	≤60% LVR, $1,250,000–$1,500,000	7.14%	7.15%	-
Variable	Investment, Interest only	-	≤60% LVR, $750,000–$1,250,000	7.04%	7.08%	-
Variable	Investment, Interest only	-	≤60% LVR, $750,000–$1,250,000	7.14%	7.15%	-
Variable	Investment, Interest only	-	60–70% LVR, $100,000–$750,000	7.04%	7.08%	-
Variable	Investment, Interest only	-	60–70% LVR, $100,000–$750,000	7.14%	7.15%	-
Variable	Investment, Interest only	-	60–70% LVR, $1,250,000–$1,500,000	7.04%	7.08%	-
Variable	Investment, Interest only	-	60–70% LVR, $1,250,000–$1,500,000	7.14%	7.15%	-
Variable	Investment, Interest only	-	60–70% LVR, $750,000–$1,250,000	7.04%	7.08%	-
Variable	Investment, Interest only	-	60–70% LVR, $750,000–$1,250,000	7.14%	7.15%	-
Variable	Investment, Interest only	-	70–80% LVR, $100,000–$750,000	7.34%	7.27%	-
Variable	Investment, Interest only	-	70–80% LVR, $100,000–$750,000	7.44%	7.39%	-
Variable	Investment, Interest only	-	70–80% LVR, $1,250,000–$1,500,000	7.34%	7.32%	-
Variable	Investment, Interest only	-	70–80% LVR, $1,250,000–$1,500,000	7.44%	7.42%	-
Variable	Investment, Interest only	-	70–80% LVR, $750,000–$1,250,000	7.34%	7.27%	-
Variable	Investment, Interest only	-	70–80% LVR, $750,000–$1,250,000	7.44%	7.39%	-
Variable	Investment, P&I	-	≤60% LVR, $100,000–$750,000	7.04%	7.08%	-
Variable	Investment, P&I	-	≤60% LVR, $1,250,000–$1,500,000	7.04%	7.08%	-
Variable	Investment, P&I	-	≤60% LVR, $750,000–$1,250,000	7.04%	7.08%	-
Variable	Investment, P&I	-	60–70% LVR, $100,000–$750,000	7.04%	7.08%	-
Variable	Investment, P&I	-	60–70% LVR, $1,250,000–$1,500,000	7.04%	7.08%	-
Variable	Investment, P&I	-	60–70% LVR, $750,000–$1,250,000	7.04%	7.08%	-
Variable	Investment, P&I	-	70–80% LVR, $100,000–$750,000	7.14%	7.18%	-
Variable	Investment, P&I	-	70–80% LVR, $1,250,000–$1,500,000	7.24%	7.28%	-
Variable	Investment, P&I	-	70–80% LVR, $750,000–$1,250,000	7.14%	7.18%	-
Variable	Owner occupied, Interest only	-	≤60% LVR, $100,000–$750,000	7.04%	6.91%	-
Variable	Owner occupied, Interest only	-	≤60% LVR, $1,250,000–$1,500,000	7.04%	6.91%	-
Variable	Owner occupied, Interest only	-	≤60% LVR, $750,000–$1,250,000	7.04%	6.91%	-
Variable	Owner occupied, Interest only	-	60–70% LVR, $100,000–$750,000	7.04%	6.91%	-
Variable	Owner occupied, Interest only	-	60–70% LVR, $1,250,000–$1,500,000	7.04%	6.91%	-
Variable	Owner occupied, Interest only	-	60–70% LVR, $750,000–$1,250,000	7.04%	6.91%	-
Variable	Owner occupied, Interest only	-	70–80% LVR, $100,000–$750,000	7.34%	7.10%	-
Variable	Owner occupied, Interest only	-	70–80% LVR, $1,250,000–$1,500,000	7.34%	7.18%	-
Variable	Owner occupied, Interest only	-	70–80% LVR, $750,000–$1,250,000	7.34%	7.10%	-
Variable	Owner occupied, P&I	-	≤60% LVR, $100,000–$750,000	6.74%	6.78%	-
Variable	Owner occupied, P&I	-	≤60% LVR, $1,250,000–$1,500,000	6.74%	6.78%	-
Variable	Owner occupied, P&I	-	≤60% LVR, $750,000–$1,250,000	6.74%	6.78%	-
Variable	Owner occupied, P&I	-	60–70% LVR, $100,000–$750,000	6.74%	6.78%	-
Variable	Owner occupied, P&I	-	60–70% LVR, $1,250,000–$1,500,000	6.74%	6.78%	-
Variable	Owner occupied, P&I	-	60–70% LVR, $750,000–$1,250,000	6.74%	6.78%	-
Variable	Owner occupied, P&I	-	70–80% LVR, $100,000–$750,000	6.84%	6.88%	-
Variable	Owner occupied, P&I	-	70–80% LVR, $1,250,000–$1,500,000	6.98%	7.02%	-
Variable	Owner occupied, P&I	-	70–80% LVR, $750,000–$1,250,000	6.84%	6.88%	-

Rate changes

27 changes logged, newest first.

Date	Rate	Was	Now	Change
9 Oct 2026	Variable, Investment, P&I, ≤60% LVR, $100,000–$750,000	6.79%	7.04%	up 0.25
9 Oct 2026	Variable, Investment, P&I, ≤60% LVR, $1,250,000–$1,500,000	6.79%	7.04%	up 0.25
9 Oct 2026	Variable, Investment, P&I, ≤60% LVR, $750,000–$1,250,000	6.79%	7.04%	up 0.25
9 Oct 2026	Variable, Investment, P&I, 60–70% LVR, $100,000–$750,000	6.79%	7.04%	up 0.25
9 Oct 2026	Variable, Investment, P&I, 60–70% LVR, $1,250,000–$1,500,000	6.79%	7.04%	up 0.25
9 Oct 2026	Variable, Investment, P&I, 60–70% LVR, $750,000–$1,250,000	6.79%	7.04%	up 0.25
9 Oct 2026	Variable, Investment, P&I, 70–80% LVR, $100,000–$750,000	6.89%	7.14%	up 0.25
9 Oct 2026	Variable, Investment, P&I, 70–80% LVR, $1,250,000–$1,500,000	6.99%	7.24%	up 0.25
9 Oct 2026	Variable, Investment, P&I, 70–80% LVR, $750,000–$1,250,000	6.89%	7.14%	up 0.25
9 Oct 2026	Variable, Owner occupied, Interest only, ≤60% LVR, $100,000–$750,000	6.79%	7.04%	up 0.25
9 Oct 2026	Variable, Owner occupied, Interest only, ≤60% LVR, $1,250,000–$1,500,000	6.79%	7.04%	up 0.25
9 Oct 2026	Variable, Owner occupied, Interest only, ≤60% LVR, $750,000–$1,250,000	6.79%	7.04%	up 0.25
9 Oct 2026	Variable, Owner occupied, Interest only, 60–70% LVR, $100,000–$750,000	6.79%	7.04%	up 0.25
9 Oct 2026	Variable, Owner occupied, Interest only, 60–70% LVR, $1,250,000–$1,500,000	6.79%	7.04%	up 0.25
9 Oct 2026	Variable, Owner occupied, Interest only, 60–70% LVR, $750,000–$1,250,000	6.79%	7.04%	up 0.25
9 Oct 2026	Variable, Owner occupied, Interest only, 70–80% LVR, $100,000–$750,000	7.09%	7.34%	up 0.25
9 Oct 2026	Variable, Owner occupied, Interest only, 70–80% LVR, $1,250,000–$1,500,000	7.09%	7.34%	up 0.25
9 Oct 2026	Variable, Owner occupied, Interest only, 70–80% LVR, $750,000–$1,250,000	7.09%	7.34%	up 0.25
9 Oct 2026	Variable, Owner occupied, P&I, ≤60% LVR, $100,000–$750,000	6.49%	6.74%	up 0.25
9 Oct 2026	Variable, Owner occupied, P&I, ≤60% LVR, $1,250,000–$1,500,000	6.49%	6.74%	up 0.25
9 Oct 2026	Variable, Owner occupied, P&I, ≤60% LVR, $750,000–$1,250,000	6.49%	6.74%	up 0.25
9 Oct 2026	Variable, Owner occupied, P&I, 60–70% LVR, $100,000–$750,000	6.49%	6.74%	up 0.25
9 Oct 2026	Variable, Owner occupied, P&I, 60–70% LVR, $1,250,000–$1,500,000	6.49%	6.74%	up 0.25
9 Oct 2026	Variable, Owner occupied, P&I, 60–70% LVR, $750,000–$1,250,000	6.49%	6.74%	up 0.25
9 Oct 2026	Variable, Owner occupied, P&I, 70–80% LVR, $100,000–$750,000	6.59%	6.84%	up 0.25
9 Oct 2026	Variable, Owner occupied, P&I, 70–80% LVR, $1,250,000–$1,500,000	6.73%	6.98%	up 0.25
9 Oct 2026	Variable, Owner occupied, P&I, 70–80% LVR, $750,000–$1,250,000	6.59%	6.84%	up 0.25

Each change is logged the night it appears in the rates AFG Home Loans - Retro publishes. See how every lender answered the RBA on the rate tracker.

Fees

3 fees published, grouped by when they're charged.

When you take it out2

Settlement Fee
$485
Valuation Fee
1st $300 Waived. The valuation fee range is an estimate. Valuation fee may be greater than the fee maximum noted.
$0 to $400

When particular things happen1

Trust application Fee
Applicable only to Trust applicant
$300

Features

Offset accountRedrawExtra repaymentsDigital banking

Up to 10 years Interest Only
Maximum four splits are offered
This loan can be used for the purposes of refinancing your existing home loan.
This loan cannot be used for purchases, business purposes, bridging loans, or any unlawful purposes.
Loan variation acceptable
Where an applicant shares common debts with their (non-applicant) spouse/defacto and appropriate supporting evidence can be provided, 50% of the joint debt can be used in servicing, and applicant can…
Loan term Minimum 8 years maximum 30 years
1% lower assessment rate

Eligibility and limits

Minimum age 18
Residency: Borrowers, mortgagors, and guarantors must reside in Australia and one of the following: Australian Citizen or Australian Permanent Resident. Individuals who hold a Partner/Spousal Resident Visa (e.g., Subclass 309, 820) are permitted, on the basis that a joint application is submitted with one of the above defined eligible borrowers.
Available to individuals
Available to businesses
Maximum LVR 80%
Applications for home loans are subject to the Bank's normal credit approval.
Existing full doc, prime residential home loan and have been with their current lender for a minimum 12 months.

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Published by AFG Home Loans - Retro under the Consumer Data Right, last changed by them on 8 Oct 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.