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Repaying your home loan

With some budget planning, repaying your home loan could be more achievable than you think. 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.

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

By managing your mortgage loan in NetBank you can review transactions from 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.

Register or find out more about managing your mortgage in NetBank

You could reduce your home loan interest and pay off your loan faster with an offset account.

Everyday Offset

  • Everyday Offset is an add-on feature to the Complete Access account, linking it to your Standard Variable Rate Home/Investment Home Loans
  • 100% offset. Every cent in your Everyday Offset reduces the interest you pay on your home loan, every single day
  • Ability to link your home loan to multiple individual and joint accounts with Everyday Offset in the same name(s) or combination of names as your linked home loan for one monthly fee ($10)
  • There is no minimum holding balance required; every cent in your linked accounts with Everyday Offset will offset the balance of your home loan
  • Accounts with Everyday Offset, provide full transactional capability and real time banking with NetBank and the CommBank app.

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 offset against the balance of your loan daily. That means every cent you have in your Mortgage Interest Saver Account can help you repay your loan sooner.*

Find out more about an interest offset savings account

* For the interest offset to apply there must be a minimum of $1,000 in the MISA. 

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

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


Benefit from significant savings on borrowing, everyday banking and insurance services, as a reward for banking with us.

Learn more

Our Everyday Account is an all-in-one solution that offers the flexibility you need. Enjoy low fee everyday banking with a Debit MasterCard®.

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Pay no credit card annual fee with the Wealth Package, a saving of up to $349 per year with the Diamond Awards credit cards. No Wealth Package? You’ll pay no annual fee for the first year when you apply for a credit card at the same time as your home loan.

Learn more

Offset the funds in your linked accounts against the balance of your home loan, to potentially save thousands of dollars in interest.

Learn more

We can help

Ready to apply or want to discuss your home loan needs?


Already a customer banking online with us?

Save time by using your NetBank details. 

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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.

MasterCard is a registered trademark of MasterCard International Incorporated.

As this advice has been prepared without considering your objectives, financial situation or needs, you should before acting on this advice, consider its appropriateness to your circumstances. Terms and conditions for the transaction and savings accounts mentioned are available from or from any branch of the Bank. If you have a complaint, the Bank’s dispute resolution process can be accessed on 13 2221.