|
You may wish to make changes to your loan repayments*, within your required monthly repayment amount. For example, paying your loan weekly can save you in interest costs and help you pay off your loan faster. You can choose weekly, fortnightly or monthly repayments.
You can also elect to change your monthly instalment due date, change the account your repayments are debited from, or choose to set up a salary credit.
To make a request for any of these changes simply logon to the member’s section myHomePath and complete the Service Request form. We will attend to your request and confirm by email that your request has been processed. To set up a salary credit you will need to contact your employer to arrange transfers to your loan.
Also, you may change the repayment type from principal and interest to interest only (or vice versa), by completing a Switching Request.
*If you have chosen an interest only payment option, payments must be made monthly via Direct Debit. Also, if changing repayments to a Fixed Rate loan, please note that you are only able to make a maximum of $10,000 per annum in additional repayments. You may incur an Early Repayment Adjustment and Administration Fee for payments in excess of this.
|
