Upgrade your browser for the best CommBank website experiences. Click here.

Close

What is a Required Monthly Repayment Amount and why does it change?

See all Home loans FAQs

Last updated 09 April 2015


Your Required Monthly Repayment Amount  is the minimum amount you must pay each month under your home loan contract.  The amount is calculated to make sure you pay off your loan within the agreed timeframe. The repayment generally decreases as you pay off your loan however if interest rates have increased, or you have completed an introductory rate period your Required Monthly Repayment Amount may need to increase. If they do, we'll send you a home loan statement with a letter outlining the change and the date this will take effect. 

Unable to find what you're looking for?

Search for more popular topics