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Can I make additional repayments on my Fixed Rate Home Loan?

See all Home loans FAQs

Last updated 02 June 2017


You can make up to $10,000 in additional repayments per fixed-term year*. Your fixed-term year starts from the date that your fixed rate period began, and renews on the same date each year, until your fixed term ends. If you didn’t make $10,000 in additional repayments, the remaining amount does not roll over to the next year.

Make sure you keep track of your additional repayments, because if you make more than $10,000 in additional repayments per fixed-term year, you may be charged an Early Repayment Adjustment (ERA) and an Administrative Fee. This can possibly add up to thousands of dollars.

How do I know when my fixed-rate period ends?

You can check when your fixed-rate period ends in NetBank, in ‘View accounts’, then clicking ‘Account information’ – select your Fixed Rate Home Loan. The day and month will be the date that your fixed term year renews each year. If you haven’t registered for NetBank, contact us on 13 2224.

NetBank is also a good way for you to track your repayments, using your transaction history under 'View accounts' - 'Transactions'.

You can find out more about your Fixed Rate Home Loan in our fact sheet. To discuss if an ERA and Administrative Fee may be applicable to you, call us on 13 2224 from 8am to 8pm, or visit any Commonwealth Bank Branch.

*This excludes Interest in Advance loans.

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