Modifications to loan repayments & redraw balances
We’re making some modifications to repayments and available redraw to raised give you support as you pay back your house or unsecured loan.
Modifications to repayments
What is changing?
From 31 2018, your minimum required repayment amount may be adjusted when july:
Your rate of interest is paid down
You make a repayment that is additional
How it operates
Tim’s loan has the absolute minimum monthly payment quantity of $580. He makes a repayment that is additional of5000. Right after this, his minimum repayment quantity is recalculated to $440.
Just What this means for you personally
It’s possible to see your minimum that is new repayment in NetBank
You are able to decide to lower your payment for this quantity if you want to in NetBank
These changes use when you have a adjustable price principal and interest mortgage loan, investment loan or loan that is personal
You will see your present payment plans, as well as your minimum amount, or improve your repayments at any right amount of time in NetBank.
To create direct debit, give us a call on 13 2224 for mortgage loans, 13 1431 for signature loans or see your branch that is nearest.
Modifications to redraw
What is changing?
Both your loan balance and the available redraw will be zero from 1 September 2018, the available redraw on your loan may reduce so that by the end of your agreed loan term. Continuer la lecture de « Modifications to loan repayments & redraw balances »