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Scam alert - fake investment offer: A fake document, developed by scammers, claiming to offer investment in a ‘Bank Australia emerging market fund’ is being circulated. This offer is a scam. This is not a legitimate offer from Bank Australia. Find out more

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2022-01-19 3:13 pm
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Important update to our branch network & contact centre: Due to the spread of COVID-19 in the community many of our staff have been impacted. This is causing disruption to our branch network and long wait times when calling 132 888. Find out more.

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2022-01-10 11:44 am
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Making changes to your home loan

If you’re already with Bank Australia and want to make changes to your home loan, here’s a quick summary of what’s involved.

What’s on this page

Change repayments 

From Principle & interest to Interest-only (or vice versa)

Contact us for help – noting that Interest-only payments are capped at X years with Bank Australia home loans. 

Change repayment frequency

Contact us to change your repayment frequency. We offer weekly, fortnightly and monthly repayment options. You can also make extra repayments whenever you like with a variable rate home loan. 

Tip – by making more frequent repayments (say weekly), you could pay less interest and pay your home loan off sooner. 

Switch home loan type 

Contact us to find out what’s involved. You may want to take advantage of the offset feature for example, so our Premium Package Home Loan may be better for you. Or you may be planning big green upgrades around your home – making our Clean Every Home Loan a possibility for you.

Switch rate type

Contact us to find out how to swap from variable to fixed, or vice versa. Note that break cost fees may apply when changing a fixed rate home loan before the term is up. 

Apply for parental pause

Contact us to find out if you’re eligible to pause repayments in your early days as a parent. 

Apply for eco pause

Contact us to find out if you’re eligible to pause repayments to install greener features in your home.

Apply for financial hardship

If you’re having trouble making repayments, we can help you figure out the best way forward.

Read about financial hardship support >