When it comes to paying off your home loan, small changes can make a big difference. It could be the price of a flat white that saves you thousands and takes years off your home loan.
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.
Calculations are indicative only. To find out how much you could save, chat to us 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.
Quick and easy
|Just give us a call or pop into your local branch. We’ll help you find out how much you can save and then take care of the rest. We’ll send you a confirmation letter once it’s all set up.|
|StepUp your repayments to fit with your lifestyle, from as little as $1 to as much as $1,000 per calendar month - whatever amount works best for you.|
Save money and years
|Manageable repayments increasing over a long period of time means less interest paid and more money in your pocket.|
Set and forget
|Once you’ve decided on your StepUp amount, your repayment increase will automatically happen on the first repayment after your home loan draw down (start date) anniversary each year.|
You're in control
|You can easily increase, decrease or cancel your StepUp amount, allowing for flexibility as your life changes - just give us a call or pop into a branch. You can also check your upcoming repayments in Online Banking.|
No hidden fees
|StepUp is a tool to help you easily manage your home loan and pay it off sooner, so there are no fees attached.|
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.
Frequently asked questions