To submit a principal increase, select Principal Increase as the Submission Type in the Summary tab.
- To top up an existing split - tick the principal loan increase box for the Existing mortgage(s) entered under the Security tab
- To create a new sub account - do not tick principal loan increase box for the existing mortgage(s) with your submission and clearly note that a new sub account is required for the amount to be increased. You will also need to ensure that the product selection (i.e. offset home loan) is the same as the existing home loan facility.
For BSB starting with 182, ApplyOnline will generate a PIA reference number once submitted correctly.
For BSB starting with 183 (or previously 082), you will need to complete an internal refinance.
For a step by step guide, refer to our Principal Increase Loan Application Submission Guide.
Once the PIA is submitted, any future edits will need to be cloned to a new application. If an APP number is generated at submission, it will need to be withdrawn and cloned.