Repaying your home loan

With a good budget, repaying your home loan mortgage should be a straightforward process. But we understand that you might want to make some changes to your loan over its lifetime, or even pay it off early. Here you’ll find some useful tips on repaying your loan and information on how you could pay it off earlier than anticipated.

Tips for repaying your mortgage

If you’re looking at the easiest way to repay your mortgage within the agreed term or sooner, here are some things worth considering.

Manage your mortgage online

By managing your mortgage loan in NetBank you can review transactions as far back as two years ago, view loan statements as far back as seven years ago, change your repayment amounts or schedule additional repayments.

Open an interest off-set savings account

You could reduce your interest and cut years off your mortgage with our Mortgage Interest Saver Account. It’s a special savings account linked to your loan where any savings held are off-set against the balance of your loan daily. That means every cent you have in your Mortgage Interest Saver Account helps you repay your loan sooner.

Find out more about an interest off-set savings account.

Coming to the end of a fixed rate term

If you’re nearing the end of a fixed rate period on your mortgage there are a number of options available to you, including:

Leaving your loan to convert to the Standard Variable Rate.
Taking out a Line of Credit (Viridian) or Economiser (Base Variable Rate).
Taking out a Wealth Package.
Switching to another Fixed Rate.

Fees and conditions may apply to these options.

Now might be the perfect time to book a free Home Loan Health Check to help find the best option for you.

Compare your mortgage options

Important information
Applications for finance are subject to the Bank’s normal credit approval including a valuation if applicable. Full terms and conditions are included in the Loan Offer. Fees and charges are payable.