Split home loan

Split your loan so it works better for you.

By splitting the amount you borrow into multiple loans, you can create the balance you want between certainty, flexibility and accessibility.

Create payment certainty

With part of your loan set up as a fixed interest rate loan you can lock in an interest rate for a set period from 6 months up to 5 years.

Because the interest rate doesn’t change, you make payments of the same amount fortnightly or montly during the selected fixed rate term.

Flexibility to repay your loan faster

With a floating interest rate loan, you have the flexibility to increase your payments, make extra payments and repay this portion of your loan at any time, without incurring early repayment adjustment costs. Within a floating interest rate loan, your payments will go up or down as interest rates change.

Access to funds you can redraw

A revolving credit home loan option works like a combined transaction, savings and home loan account.

You have a maximum credit limit and your monthly payments are interest-only. You can then repay and redraw funds up to your limit whenever you need them.

You can choose between a set maximum credit limit or a reducing credit limit to suit your needs.