Reviewing your low equity margin

Eventually, the amount of your home loan will fall below 80% - it could be once you’ve paid off part of the loan, or your property’s value has risen, or a combination of the two.

To work this out, please divide the total value of your home loan, by the total value of your property, and then multiply the answer by 100.

For example:

Total value of the home loan: $620,000

Divided by the total value of the property: $850,000

Multiplied by 100

The equity in this home is 73%

If the result of your calculation is less than 80%, it’s important that you let us know so we can arrange a review.

Removing your low equity margin

When you come along for your review you'll need to bring the latest valuation report for your property, such as a registered valuation or government valuation.

Once we confirm that your borrowing is less than 80% of the property’s value, the low equity margin could be removed. If it’s removed, and your home loan is on a variable rate the margin will be removed immediately (provided it has been applied for at least six months). For home loans on a fixed rate term, the margin will be removed the day after the end of the term.