Paying off your home loan

Just because you have a mortgage, it doesn't mean you have to miss out on all the things you love. With a plan in place, it’s simple to pay off your home loan more effectively. Best of all, you can always customise your home loan to suit your changing needs over time.

Repaying your home loan

If you’re looking at the easiest way to repay your loan within the agreed term or sooner, managing your home loan online and opening an interest off-set account are some of the things to consider. (Interest off-set is not available on all home loan types.)

Paying your loan off sooner

Wanting to pay off your home loan sooner? There are several ways you can achieve this earlier than planned, depending on the type of loan you currently have.

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Accessing your repayments

If your circumstances do change, accessing any additional home loan repayments you’ve made could be an option. Depending on your loan type you can use our Repayment Redraw service or take a Repayment Holiday for up to 12 months.

Understanding why your repayments change

Discover why your home loan repayments may change during the life of your home loan and the options available if they do change.

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Selling/ refinancing your property or paying out your loan

If you are thinking about selling/ refinancing your property or paying out your loan, there are a number of things to consider. To make things easier for you, we are here to clarify any questions you might have about the discharge process and your future banking needs.

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Repayment relief

If your circumstances unexpectedly change, and you think you’ll find it hard to meet your required repayments, we can help. Talk to one of our lenders to discuss your options, which can include extending your loan term to reduce your required monthly repayments.

Important information
As this advice has been prepared without considering your objectives, financial situation or needs, you should consider its appropriateness to your circumstances before acting on the advice. Please view our Financial Services Guide (PDF 68KB). Full terms and conditions for the transaction and savings accounts mentioned are available here (PDF 660KB) or from any branch of the Commonwealth Bank. Bank fees and government charges apply. Applications for finance are subject to bank’s normal credit approval including a valuation if applicable.