Looking Beyond the Numbers
Yes, the interest rate is important — but it’s not the whole story. When comparing home loans, savvy borrowers look at the features that can save money and offer flexibility over the life of the loan.
Here are six features to consider:
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Offset Account
Reduces the interest you pay by offsetting your savings against your loan balance. -
Redraw Facility
Lets you access extra repayments if you need cash later. -
Flexible Repayments
Choose weekly, fortnightly, or monthly payments to suit your income cycle. -
Additional Repayments
Pay off your loan faster by making extra payments without penalty. -
Repayment Holiday
Take a break from repayments during life changes like parental leave (conditions apply). -
Online Access
Manage your loan anytime via mobile apps or online banking.
These features can make a big difference in how you manage your mortgage — and how quickly you pay it off.