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How can I save money on my home loan?

See all Home loans FAQs

Last updated 24 August 2017


We know that sometimes, paying off your home loan can seem like a very long way away. But there are some easy ways that you can reduce the amount of interest you pay over time, and pay your loan off sooner. 

Make extra repayments

The more principal that you can pay off your loan, the less interest that you will pay over time. Even a small amount extra can make a big difference over the years.

Use an offset account

An offset links an account to your home loan, and uses the money in that account to offset your loan balance, and reduce the amount of interest that you pay.

To find out more about our offset accounts and whether they can work for you, click here.

Consider splitting your home loan to reduce the impact of an interest rate increase – fixing part of your home loan can help protect you from interest rate increases.

Manage your home loan 24/7 in NetBank

Keeping an eye on your home loan balance is easy in NetBank. NetBank offers a range of tools that can help you budget, change your repayments amounts, loan type or repayment type. If you haven’t registered for NetBank, you can do it online or you can call us on 13 2221.

Some of the above options may not be available on certain home loans. To learn more, call us on 13 2224 between 8am and 8pm AEST 7 days a week, or visit any CommBank Branch.

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