Finance · Australia
Refinance maturing caveat loans and 2nd-mortgage private credit into longer-term bank or non-bank facilities.
Quick answer
A caveat loan refinance replaces an expensive short-term caveat (2nd-mortgage) facility with a longer-term, lower-rate bank or non-bank loan. OzyLoans settles caveat take-outs across Australia in 2–4 weeks, typically saving 2–6% p.a. in interest.
Indicative only. Actual repayments depend on lender, credit profile, fees and product. Use this as a starting point — we'll provide a precise comparison on enquiry.
| Lender | Rate | Speed |
|---|---|---|
| Major bank | 6.69% | 4–8 wks |
| 2nd-tier bank | 6.99% | 3–6 wks |
| Non-bank | 7.49% | 2–3 wks |
| Private credit | 8.99%+ | 5–10 days |
Indicative only. Actual rates depend on credit profile, security and product. Comparison rates may differ.
Australian Credit Licence holder, AFCA member.
Most enquiries get a same-day or next-day answer.
Banks, non-banks and private credit on one panel.
It's refinancing a short-term caveat (second-mortgage) private loan into a longer-term first-mortgage facility with a bank or non-bank lender at a lower rate.
Caveat loans are short-term (typically 1–12 months), unregistered second-mortgage facilities. Rates of 12–24% p.a. plus fees are common because of the speed, lower security and short tenure.
Non-bank take-outs settle in 2–3 weeks; bank take-outs in 4–6 weeks. We provide indicative approval within 48 hours.
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