Once your loan application's all sorted, we'll send you your account details. You can then start using online banking to manage your home loan. If you're an old hand at this you know how easy it is. If you're not experienced at online banking, just give it a go, it's pretty simple to get around. If there's anything else we can do, just ask.
Here are all the online tools you can use to help manage your home loan, plus some tips on how to save.
This gives you a snap shot view of your account, showing your:
Here's where you can keep tabs on your money and move it around. You can:
Like to take advantage of our free redraw facility? Arrange for your salary to be transferred into your home loan. You can then use it to pay for monthly expenses such as groceries or going out for dinner. Just give your employer your BSB and account details.
There are a number of forms you can download to make changes to your loan (it's almost like DIY banking). Here's what you can do:
Go to our Brochures and Forms section for more forms
It's easier than you think. Here are just a few suggestions. Even if you only do a couple of things, you'll be surprised how the savings add up over time.
Like to save big time on interest payments? Silly question. Why not consolidate your credit cards, car loans or personal into your home loan. The interest rate is much less so you can save thousands of dollars.
Repaying your loan fortnightly rather than monthly may help you pay it off sooner.
Paying more than the minimum repayment can help shorten the loan term saving you interest repayments.
Example: If you brought food to work rather than buying takeaway and added an additional $10 into your mortgage a day, that works out to $140 a fortnight extra on your home loan. Working it out on the repayment calculator shows that $140 a week, on a $450,000 home loan at an interest rate of 8.74%p.a. could save you $257,738.37 over 30 years and reduce your mortgage by 7 years and 11 months*!
* The results are an approximate guide only and should not be used as exact values for financial planning purposes. Fees and charges apply. Details of these and the terms and conditions are avaiable on request. Comparison rate based on $150,000 loan amount over 25 year term. WARNING: This comparison rate is true only for examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. To view a comparison rate schedule, please click here.
Put your salary into your home loan and use our free redraw facility to withdraw funds when you need it. If you don't redraw, you're helping to pay off your loan sooner.
Use work bonus payments or inheritance to help you get a few steps ahead. If you didn't plan on the money, you won't miss it.
When you come off a fixed rate, you'll automatically roll into a Mortgage Simplifier with a variable rate. If you want to continue with another fixed rate loan, make sure you organise it before it expires - you'll save the fee of $250.
SMS 'home loan' to 133 464 and a Mortgage Specialist will call you back. Standard SMS rates apply. Not available on Vodafone or 3 networks.