What’s the difference between Your Way and Your Way Plus?

Your Way is our basic, flexible home loan designed to keep things simple. It gives you:

• Fixed and variable rate options, with the ability to split your loan
• Unlimited additional repayments on variable loans
• Free redraw on the variable portion

It’s a great choice if you want flexibility without paying for extra package benefits.

Your Way Plus includes everything in Your Way, plus additional package benefits to help you save more over the life of your loan. These include:

• A 100% offset account on both variable and fixed loans
• Discounted variable rates for the life of the loan
• Establishment fee waived (normally $600)
• Flexibility to make extra repayments, including up to $10k p.a. on fixed loans
• Fee free redraw on both fixed and variable loans

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What’s an offset account and what are the advantages?

An offset account is an eligible transaction account linked to your home loan. The balance in this account reduces the amount of interest you pay on your loan while still giving you everyday access to your money.

It’s a simple way to keep your money working for you, every day.

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What's the difference between a fixed and variable rate Your Way loan?

Fixed rate

A fixed rate locks in your interest rate for a set term (usually 1–5 years).

It means:

• Your repayments stay the same
• You’re protected from interest rate rises but may not benefit from rate reductions

Variable rate

A variable rate can go up or down over time, based on market conditions.

It means:

• Your repayments may change
• You can make unlimited extra repayments
• Redraw feature is available
• It’s easier to switch or refinance

You can also choose a split loan, giving you the stability of fixed and the flexibility of variable.

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What is Loan-to-Value Ratio (LVR)?

Your LVR is the percentage of the property’s value that you’re borrowing. For example, borrowing $400,000 for a $500,000 home equals an 80% LVR.  A lower LVR often means lower risk which can help you avoid Lenders Mortgage Insurance (LMI).

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What’s the difference between Principal and Interest and Interest Only repayments?

Principal and Interest means each repayment pays down your loan amount and the interest charged. Over time, this reduces your balance and the total interest you pay.

Interest Only means your repayments only cover the interest for an agreed period. Your loan amount doesn’t reduce during this time.

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Why are rates different for Owner Occupier and Investor loans?

Owner occupier loans are for borrowers who plan to live in the home. Investor loans are for purchasing investment properties.

Because investment loans are considered higher risk, interest rates are usually higher than those offered to owner occupiers.

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