Changing your loan type

Just because you've taken out a certain loan with us doesn't mean you can't change it. We've designed our loan types to be as flexible as possible to meet your changing needs. So if you think there might be a better option for you among our choice of loans, talk to us any time about making the switch.

Five common reasons for changing loan types

Your reason for considering a change is unique to you, but in our experience customers are most likely to consider changing when they:

Are thinking about renovating and want the convenience of our Line of Credit (Viridian).
Are coming to the end of a fixed rate term and want to review their options
Need increased flexibility, like the ability to make unlimited extra repayments or use Repayment Redraw
Want the certainty of fixed repayments that won’t change for a set period on their loan.
Want to increase their loan.
Want to start repaying the principal to build equity (if currently paying interest only).
Move into their home after it has been previously leased, or move out of their home to rent it to someone.

If any of these reasons sound similar to yours, you can compare all of our home loan options online at any time.

You can book a free Home Loan Health Check and talk with one of our Home Loan Experts.

Switching Home Loans

If you're an existing customer with us, switching your home loan to a more suitable option is easy. Best of all, your loan number stays the same, so you don’t have to worry about changing any direct debit or salary credit arrangements you've set up with your loan.

To find out all about switching options you can download our Switching Terms and Conditions brochure.

Download a table to view which loan types you can switch to and from.

Wealth Package

As an existing customer you could also be eligible for a Wealth Package, featuring savings and discounts on a range of products, including home loans, everyday banking, insurance and investment services.

Interest Offset: Mortgage Interest Saver Account

When you change your loan type, you could be eligible for interest to be offset against your loan with a Mortgage Interest Saver Account (MISA), which could save you thousands of dollars in interest.

If you have an existing MISA, the rate of interest offset will differ depending on the home loan you switch to and from.