Paying off your home loan doesn't have to mean missing out on life’s little luxuries. All you need is a plan to manage your repayments comfortably and with some simple changes, you could be enjoying freedom from your home loan debt sooner than you think.
We can help you slash years from the term of your home loan and save on the amount of interest you pay by switching you from monthly to fortnightly repayments. While the repayment amount may be smaller when you pay fortnightly, more frequent repayments mean you end up making more each year (there’s 26 fortnights in a year compared to just 12 months after all). That little bit extra will make a big difference in interest.
If possible, use a home loan offset account or put extra money into your home loan, especially when you have some extra cash or when interest rates are lower. This will help you save on interest and pay off your loan sooner.
Here are some other easy ways you can manage your repayments on your home loan.
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Periodical Payments and Direct Transfer |
Set up an automatic transfer so your repayments are made regularly from one of your Bankwest accounts. This can be set up through Bankwest Online Banking. |
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Direct Debit |
Set-up a regular payment from another financial institution into your Bankwest home loan account. Download a Direct Debit Request Form (PDF, 964KB) . |
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BPAY® |
Simply quote the Bankwest Biller Code (9118) and your home loan account number as the reference number to make home loan repayments through BPAY. |
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In person |
Visit any Bankwest store and make a direct payment into your Bankwest home loan account. |
Want help in setting up any of these home loan repayment options?
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