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Paying off your loan sooner

Helpful tips

One of the simplest ways to save money on your mortgage is to pay it off as quickly as you can. The longer you take to pay off the loan principal, the more interest you’ll end up paying along the way, and the higher the overall cost of your loan will be.

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1 For Fixed Rate Home Loans, an Early Payment Interest Adjustment (EPIA) applies if more than the prepayment allowance (currently $499.99 per month) is paid in excess of the agreed monthly repayment. The EPIA also applies if the loan is repaid in full or the agreed fixed rate period is broken for any reason. EPIA applies to the whole amount prepaid. For more information on EPIA ask in branch for our EPIA brochure.

2 Terms and Conditions apply for Cashback. Minimum withdrawal amount is $1000. One free Cashback transaction per calendar month. The Cashback Fee will be charged then refunded to your account. A Cashback Fee applies for subsequent transactions. Cashback is only available while on our Standard Variable or Back to basics loan products.

3 A once off mortgage offset fee applies. The Everyday Options account is issued by Suncorp-Metway Ltd ABN 66 010 831 722. Please read the relevant Product Information Document before you make any decisions regarding this product. Contact us for a copy.

Home Loans are provided by Suncorp-Metway Ltd ABN 66 010 831 722 Australian Credit Licence 229882 (“Suncorp Bank”) to approved applicants only. Terms, conditions, fees and charges apply and are available upon request.