Refinance Your Home Loan in Northern Territory - Compare 2026 Rates
Northern Territory has Australia's lowest average loan balances and flat $154 government fees, which makes the break-even period on refinancing relatively short. Use the calculators below for indicative figures.
Rates updated 2 November 2026
Estimated monthly savings $0
Estimated annual savings $0
Based on switching to 5.93% p.a. (lowest broadly available variable rate on our CDR feed; lender eligibility criteria apply and it may not be available to you). Actual savings depend on your loan details.
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NT Refinancing at a Glance
on $400k loan
lowest nationally
potential saving
NT Land Titles Office
NT has Australia's lowest average loan balances. Combined with flat $154 government fees, even small rate reductions produce a quick break-even for NT borrowers. Some lenders restrict postcodes outside Greater Darwin, so confirm availability before applying.
In 2020 the ACCC found home loans 3-5 years old paid around 0.58% more than new loans (ACCC Home Loan Price Inquiry, final report, December 2020). Actual savings depend on your loan size, your current rate, the rates available to you, and switching costs.
Best Home Loan Refinance Rates in Northern Territory
Compare refinance rates available to Northern Territory borrowers. Monthly repayments based on a $400,000 loan over 30 years.
Northern Territory borrowers should confirm lender availability for their postcode before applying. While major banks service all NT areas, some digital and smaller lenders restrict lending outside Greater Darwin. The rates below are available to NT refinancers with an LVR of 80% or less.
| Lender | Product | Rate | Comparison | Monthly | Cashback | Compare |
|---|---|---|---|---|---|---|
| SCCU | EMONEY HOME LOAN | 5.93% | 6.28% | $2,380 | - | |
| SCCU | BROKER HOME LOAN | 5.93% | 6.28% | $2,380 | - | |
| NORTHERN INLAND CREDIT UNION LTD. | Value Home Loan - Owner Occupied | 5.94% | 5.98% | $2,383 | - | |
| The Mutual Bank | Budget Home Loan | 6.04% | 6.04% | $2,408 | - | |
| Greater Bank | Discounted Great Rate Home Loan - Variable Owner Occupied | 6.09% | 6.10% | $2,421 | - | |
| South West Slopes Credit Union | Intro Discounted Standard Variable Home Loan | 6.10% | 6.10% | $2,424 | - | |
| South West Slopes Credit Union | Optimum 2 Year Fixed Rate Home Loan | 6.10% | 6.10% | $2,424 | - | |
| South West Slopes Credit Union | Optimum 3 Year Fixed Rate Home Loan | 6.10% | 6.10% | $2,424 | - | |
| POLICE CREDIT UNION LIMITED | Low Rate Home Loan Special Offer - Owner Occupied | 6.14% | 6.18% | $2,434 | - | |
| TRANSPORT MUTUAL CREDIT UNION LTD | REFI SPECIAL OWNER OCCUPIED | 6.14% | 6.24% | $2,434 | - | |
| TRANSPORT MUTUAL CREDIT UNION LTD | 2 FIXED RATE HOME LOAN | 6.14% | 6.14% | $2,434 | - | |
| TRANSPORT MUTUAL CREDIT UNION LTD | 1 YEAR FIXED RATE LOAN | 6.14% | 6.14% | $2,434 | - | |
| Bendigo Bank | Bendigo Express Home Loan | 6.14% | 6.27% | $2,434 | - | |
| Community First Credit Union | Go Basic Variable Home Loan - Owner-occupied LVR 80% (Principal and Interest) | 6.15% | 6.20% | $2,437 | - | |
| MACARTHUR CREDIT UNION LTD | GOVT LOW DEP VARIABLE OOC PI | 6.17% | 6.24% | $2,442 | - | |
| Bank of China | Discount Home Loan (With Principal and Interest Repayment) | 6.18% | 6.38% | $2,445 | - | |
| Bank of China | Discount Plus Home Loan (with Principal and Interest Repayment) | 6.18% | 6.56% | $2,445 | - | |
| Bank of us | Flexidiscount Home Loan | 6.19% | 6.19% | $2,447 | - | |
| FIRST OPTION BANK | SIMPLE HOME LOAN | 6.19% | 6.19% | $2,447 | - | |
| Border Bank | Customs Value Home Loan | 6.19% | 6.26% | $2,447 | - |
Rates are indicative and subject to change. Comparison rates based on a $150,000 loan over 25 years. Your actual rate may vary based on your financial situation, LVR, and the lender's assessment. Broadly available products only - loans restricted to particular professions, first home buyers or government schemes are excluded; each lender's eligibility criteria still apply and the lowest rate may not be available to you. "Lowest" = the lowest rate on our live CDR feed at the time of viewing, across the lenders we display, excluding products restricted to particular professions, first home buyers or government schemes. Each lender's eligibility criteria still apply and the lowest rate may not be available to you. Rates update daily and not all lenders are included, so other products may be lower. Source: Consumer Data Right (CDR), lender websites. Last updated: 2 November 2026. Warning: This 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.
NT refinance savings: On NT’s ~$400,000 median refinance loan with 25 years remaining, cutting your rate by 0.60% saves about $145/month - around $43,500 across the remaining loan term.
Northern Territory Refinance Calculators
Compare cashback offers and estimate your Northern Territory-specific switching costs before you apply.
Cashback vs. Lower Rate
Which saves more on a typical Northern Territory refinance - a lower rate or a higher rate with cashback?
Illustrative only, not an offer or quote.
Your Northern Territory Switching Cost
Add up the real Northern Territory fees and see how quickly a Northern Territory refinance pays for itself.
- Northern Territory mortgage registration
- $154
- Discharge fee (existing lender)
- $350
- Application fee (typical)
- $0
- Valuation (typical)
- $400
- Legal / conveyancing
- $350
- Break costs (typical)
- $3,000
- LMI (typical)
- $8,000
- Total switching cost
- $0
- Months to break even
- -
Source: NT Land Titles Office (NT). Discharge, application, valuation and legal costs are typical market ranges - your lender may vary.
Illustrative only, not an offer or quote.
Compare Refinance Rates from Leading Lenders
We compare refinance rates from Australia's biggest banks, credit unions, and online lenders.
Refinance your NT home loan and save.
Lenders compete hardest for refinancers. Compare 70+ Australian lenders side by side - run the calculators for indicative savings on a NT mortgage.
Refinance and save up to $1,358/year*
Compare your current rate against the lowest variable refinance rate on our live Consumer Data Right feed - 5.93% p.a. across 70+ Australian lenders.
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*Illustrative only. Based on a $650,000 loan over 30 years moving from 6.20% (RBA average rate on outstanding owner-occupier variable loans, August 2026) to 5.93%, the lowest broadly available variable rate on our CDR feed. Lender eligibility criteria apply and it may not be available to you. Annual difference in principal and interest repayments (paid monthly), before fees and switching costs - not a projection over the loan term. Actual savings depend on your loan details and lender assessment. Switching costs (discharge fees, application fees, valuation) typically total $300 to $1,000.
Cashback Offers for Northern Territory Refinancers
Lenders offer cashback incentives to attract refinancers. These can help offset your switching costs.
| Lender | Cashback | Min Loan | Conditions | Availability |
|---|
Cashback offers stack the deal in the NT: Several lenders pay $2,000-$4,000 cashback on eligible NT refinances over $250k. That typically covers your discharge fee from the existing lender, valuation and government registration in full - plus often leaves $1,500+ in your pocket on top of the rate savings.
Cashback offers are subject to lender terms and conditions and may change without notice. Confirm cashback availability for your NT postcode with the lender directly.
What Does It Cost to Refinance in NT?
NT-specific switching costs are among the lowest in Australia. The NT Land Titles Office charges a flat $154 for both mortgage registration and discharge. Total switching costs for most NT refinancers range from $600-$1,800. Importantly, no stamp duty is payable when refinancing - stamp duty only applies on property purchases.
| Fee | Amount | Notes |
|---|---|---|
| Mortgage registration fee (NT Land Titles Office) | $154 | Northern Territory government fee for new mortgage |
| Mortgage discharge fee (NT Land Titles Office) | $154 | Northern Territory government fee to remove old mortgage |
| Transfer fee (if applicable) | $154 | Only if changing title ownership |
| Current lender discharge fee | $300-$400 | Administrative fee charged by your existing lender |
| New lender application fee | $0-$600 | Many lenders waive this for refinancing |
| Valuation fee | $0-$500 | Some lenders offer free desktop valuations for NT properties |
| Break costs (fixed rate only) | Varies | Only applies if breaking a fixed-rate loan early |
Northern Territory government fee for new mortgage
Northern Territory government fee to remove old mortgage
Only if changing title ownership
Administrative fee charged by your existing lender
Many lenders waive this for refinancing
Some lenders offer free desktop valuations for NT properties
Only applies if breaking a fixed-rate loan early
Fees current as of September 2026. Source: NT Land Titles Office, lender fee schedules.
NT break-even: With NT’s $154 NT Land Titles Office mortgage registration fee and typical $900-$2,100 switching costs, a 0.5% rate cut on a $400K refinance usually breaks even in around 8-9 months.
When Does Refinancing Pay Off in NT?
Plug in your current rate, target rate, loan balance and NT switching costs - we’ll show you how many months until savings cover the switch.
How quickly do your interest savings cover switching costs?
Break-even period
0 months
Total savings
$0
Why Refinance Your Home Loan in Northern Territory
Northern Territory borrowers face unique market conditions. Here is why refinancing could benefit you.
Smallest Market, Biggest Opportunity
The NT accounts for roughly 1% of national mortgage originations. While this means fewer lenders actively compete for NT business, digital lenders have expanded options dramatically. Online lenders now offer rates as low as 5.93% to NT borrowers - competitive with rates offered in Sydney and Melbourne - without requiring branch visits.
Darwin Market Recovery
Darwin property values declined significantly between 2014 and 2020, but have shown recovery since. If your property value has increased since you bought, your LVR may now be lower, potentially eliminating the need for LMI and qualifying you for better rates. Even partial recovery can improve your refinancing position considerably.
Low Government Fees
Northern Territory government fees for refinancing are among the lowest in Australia. The NT Land Titles Office charges $154 for mortgage registration and $154 for discharge, compared to higher fees in NSW and VIC. Lower fees mean a shorter break-even period - most NT refinancers recover their costs within 3 to 6 months.
Post-Fixed-Rate Cliff
Many NT borrowers who locked in low fixed rates during 2020-2022 are now rolling off onto higher variable rates. If your fixed rate has expired or is about to, refinancing to a competitive variable or new fixed rate could save you thousands per year. This is the single biggest driver of refinancing activity in the Territory right now.
How to Refinance Your Northern Territory Home Loan
Follow these five steps to refinance your NT home loan. The process typically takes 3-6 weeks.
Check your current loan details
30 minReview your current interest rate, remaining balance, loan features (offset, redraw), and any fixed-rate expiry dates. Check your latest statement or log in to your lender's portal. Northern Territory average remaining balance is approximately $360,000.
Compare NT refinance rates
15 minUse find.deals™ to compare variable and fixed refinance rates from 70+ lenders. Crucially, check which lenders service your specific NT postcode - particularly if you are outside Greater Darwin. Filter by loan features that matter to you.
Calculate your potential savings
10 minFactor in all switching costs: NT government fees ($154 mortgage registration + $154 discharge), lender discharge fees ($300-$400), and any break costs for fixed-rate loans. Use our calculator above to estimate your break-even point - typically 3-6 months for NT borrowers.
Apply with your chosen lender
1-2 hoursSubmit your application with income verification, property details, and identification. Many lenders offer streamlined online applications. Your property will need a valuation - Darwin properties often qualify for automated desktop valuations, while regional NT properties may need a physical inspection.
Settlement and switch
3-6 weeksYour new lender pays out your old loan and the NT Land Titles Office processes the mortgage discharge and new registration. Settlement typically takes 3-6 weeks, though digital lenders can sometimes complete the process faster for straightforward Darwin refinances. Your new repayments begin from settlement date.
Compare Home Loan Refinance in Other States
See how Northern Territory refinance rates compare across Australia.
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Disclaimer: The information on this page is general in nature and does not constitute financial advice. Interest rates, fees, and cashback offers shown are indicative and subject to change without notice. Rates are based on a loan amount of $400,000 with an LVR of 80% or less. Your actual rate may differ based on your financial circumstances, property location, and the lender's assessment criteria. Comparison rates are calculated on a $150,000 loan over 25 years. Northern Territory government fees are sourced from the NT Land Titles Office and are current as of 11 September 2026. Some lenders may not service all Northern Territory postcodes. Always read the product disclosure statement and consider seeking independent financial advice before making a decision. find.deals™ may receive a commission from lenders when you apply through our links. This does not affect the rates shown or our editorial independence.