Things change: a home loan contract that worked for you in the past might not work for you now. If that’s the case, it’s possible to break your contract – but doing so will involve some fees.

When it comes to ME’s home loans, most loan breaks involve ending a fixed-rate loan contract early, so that you can change your loan contract or pay your loan off early.

Prepayment fees

The fees associated with changing your loan contract are called ‘prepayment fees’, and the fees charged can vary greatly depending on the circumstances of the loan.

If you’re thinking about breaking your home loan contract, get in touch on 13 15 63 and we’ll prepare a fee quote for you.

You can also find more information about breaking a fixed home loan and prepayment fees (break costs) by reading Breaking your fixed loan: How prepayment fees work.

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