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Managing different payment options

Use different payment options to manage the interest costs on your home loan and potentially pay off your loan faster. 

Reduce your interest costs

You can reduce interest costs by gradually increasing your payments with our tailored repayments option

With TotalMoney offsetting you can put savings to work on reducing your interest costs.

Change your regular payments

For most fixed or floating (variable) rate home loans, you can change your payments, up or down (unless you’re already at your minimum payment level) at any time.

How to change your regular payments

In Internet Banking

  • Log in to Internet Banking.
  • From the overview page, click on your home loan account icon.
  • You’ll know if you can change your regular payments on your home loan if you see a 'Change your regular payments' button. Click this to continue.
  • Change your payment amount. You’ll be able to see 

    the impact this change has on the interest you pay, length of your loan, and whether an ERC (early repayment charge) will apply.
  • Click the 'Change' button to confirm your payment change.
  • The change will take effect from your next scheduled payment.

By contacting us

Get in touch with us and we can talk you through your options. Call us on 0800 080 222 , visit us in store, or email us.

Make a lump-sum payment

Making lump-sum payments mean you pay off your loan faster, and pay less interest overall. If your loan is on a fixed interest rate, early repayment charges may apply. Most of our fixed rate home loans let you repay up to 5% of the loan amount at the start of your fixed term each year without early repayment charges.

How to make a lump-sum payment

Get in touch with us and we can talk you through your options. Call us on 0800 080 222 , visit us in store, or email us.