Options available.


Reduce your existing repayments on your loan

If you’re currently paying above the minimum repayment amount on your home loan, you can reduce your repayments back to the minimum repayment amount at any time.
See how

Reduce your repayments to Interest Only

You can opt to only pay the interest portion of your regular repayment for up to 3 years. This will reduce your regular repayments for that period as you’ll only be paying interest and not the principal amount. As your account balance will not reduce as it usually would, you may pay more in interest over the term of your loan. Your minimum repayment amount at the end of your Interest Only period may also be higher* than your current minimum repayment.
*Assuming your current annual interest rate and loan term remains the same.

Extend the term of your loan

If your original loan term was less than 30 years, you may be able to apply to extend your loan term to a maximum term of 30 years*. This will have the effect of reducing your regular repayments. However, please note that if you extend your loan term, you will pay more in interest over the term of your loan and it will take you longer to pay off your loan.
*30 year maximum loan term calculated from the start date of your loan.

Home Loan repayment deferral

Depending on your circumstances, you may be eligible to apply to defer your home loan repayments for a certain period, which means you will not be required to make any repayments on your loan for that period. However, as interest will continue to be charged on your loan during the deferral, you’ll pay more in interest over the term of your loan.

Dealing with financial difficulty.

Your financial wellbeing is important to us, so we’ve pulled together a range of tips and tools to help get you through difficult times. Here are some independent resources that can help you with managing your money.