Changing your home loan repayment amount.

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If your home loan has a variable rate, you can change your regular repayment amounts at any time. The only restriction? You can’t reduce the amount below your required minimum repayment.

Fixed-rate and interest-only loans

Note that you can’t change the repayment amount on fixed rate loans or interest-only home loans during the fixed-rate or interest-only periods.

If you want to lower your minimum repayment, and you have redraw available on your loan, you can contact us to permanently absorb your redraw (also known as your 'advance position'). Once we do this, your redraw amount will be permanently paid back towards the balance of your loan – so make sure you think about it before getting in touch.

Me Go App

Updating Your Repayment Amount

You can switch your repayments between Minimum Repayments, Minimum + Extra, or a Fixed Amount. Just keep in mind that repayments can’t be set lower than the minimum amount required.

How to update your repayment amount in the ME Go app:


	Open the ME Go app.
	Tap the wallet in the bottom menu.
	Select the home loan account you want to update.
	Tap the (⋮) icon.
	Tap Manage home loan account.
	Tap Manage repayments.
	Tap Update repayment details.
	Tap Update repayment amount.

*If your loan is a StandardME Home Loan, you’ll need to call us on 13 15 63 to make changes to your repayments.