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How are my home loan repayments calculated and how do I change them?

See all Home loans FAQs

Last updated 31 August 2017


Your home loan repayment amount is based on how much is owing on the loan, any ongoing fees, the interest rate and the loan term. We regularly recalculate your loan repayment amount to make sure that you’re able to repay the loan in the remaining loan term.

This means that if the interest rate on your loan has changed, your home loan repayment may change. If they do, we’ll send you a statement and letter with the details of the change.

Why have my home loan repayments increased?

Your repayment amount may increase because of one or more of the following:

  • An interest rate rise; or
  • We have to recalculate your repayments due to a large redraw; or
  • You’re rolling off a fixed or introductory period that had a lower rate than your new product type.

If your repayment amount needs to change, we’ll send you a statement and letter with the details of the change.

Can I change my repayment amount?

Depending on your home loan type, you may be able to change your loan repayment amount. We’ll need to check that your new repayment amount allows you to repay the loan in the remaining loan term.

How do I change my home loan repayment amount?

  • Log on to NetBank or just follow this link
  • Go to the Settings tab and select Home loan repayments.

We can also do it for you if you call us on 13 2224 between 8am and 8pm AEST 7 days a week, or visit any CommBank branch.

We’ll send you a statement with the details of the change every time your repayments are changed.

Can I change to weekly or fortnightly repayments?

You can choose to make your home loan repayments monthly, fortnightly or weekly if you are making principal and interest repayments. If you are making interest-only payments, you can only pay monthly.

What if I can’t make my repayments?

If you are unable to make your home loan repayments, we can help. Contact us to discuss your options on 13 2224 between 8am and 8pm AEST 7 days a week, or visit any CommBank branch.

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