With StepUp you can set your repayments to automatically increase by a chosen amount each year, which could save you thousands on interest and takes years off your home loan.  

You can set your repayments to increase by a small amount that you might not notice, or if your financial position changes – like getting a pay rise – then you can increase your repayments by a more substantial amount.

Every little bit counts towards helping you pay off your home loan sooner. 


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Calculations are indicative only. To find out how much you could save, chat to our team today.



How does it work?

StepUp allows you to set a dollar amount that your repayment will increase by each year. Once you’ve decided on your StepUp amount, the repayment increase will automatically happen on the anniversary of your home loan draw down (start date) each year. 

Whether your repayments are weekly, fortnightly, monthly or quarterly, you can use StepUp to increase them from as little as $1 to as much as $1,000 per calendar month – whatever works best for you. You can also opt to amend or cancel your StepUp amount, allowing flexibility for when your life changes.

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Find out how much you could save

Give us a call or pop in to see us if you'd like to chat through what StepUp could mean for you. If you’re keen to set it up we can do it over the phone or in branch.


TSB home loan rate 4.29% 1 year fixed



Frequently asked questions

  • How do I know when my repayments will increase?

    Your repayments will StepUp each year automatically on the anniversary of your home loan draw down (i.e. start date). One of the benefits of StepUp is that you can set and forget it.  If you want to review it at any time, your loan statement and home loan information in Online Banking will show your current repayment amount. 

  • Are there any early repayment fees?

    No, there are no fees. StepUp isn’t an early repayment, but a way for you to easily manage your home loan and pay it off faster.

  • Can I change or cancel StepUp?

    Yes, you can increase, decrease or cancel your StepUp amount allowing for flexibility when your life changes – no paperwork required. Just call our team on 0800 872 226 or pop into your local branch. If you cancel your StepUp amount, your repayments will revert back to the original loan repayment minimum.

  • If I’m on a floating rate, what happens when the rate changes?

    This doesn’t affect how StepUp works. As per usual, if the interest rate on your loan changes, your minimum repayment amounts will automatically be adjusted to reflect this. The StepUp amount will be added to whatever your repayment amount is on the anniversary of your loan draw down (i.e. start date) every year.

  • Does it matter what type of home loan I have?

    No, you can use StepUp on any home loan type, whether you’re a first home buyer or you have an investment property, and regardless of whether you’re on a fixed or floating rate.