Since you settled your home loan your circumstances may have changed, so you may want to check that your home loan continues to meet your needs. Our team may be able to assist you with reducing your repayments.
Options to reduce your repayments include:
If after exploring these options you still feel you may not be able to meet your regular repayments, please contact us to see how we can work together towards a solution for you. For more information and support, please see Financial assistance.
For information about reducing repayments for an interest only home loan, please visit Reducing your home loan interest.
To request a variable rate review please visit How do I request a review of my variable rate?
If you have made extra home loan repayments, you can request a recalculation of your principal and interest repayments.
For home loans with a BSB starting 182, your repayment amount is based on the limit of your home loan account. You can reduce your minimum monthly repayments however the only way to do this is to reduce your limit permanently.
You’ll need to have redraw funds available in your home loan account and any redraw used for the limit reduction will no longer be accessible. You’ll need to make an application if you’d like to increase the limit again.
To request the permanent limit reduction, please get in touch with a Macquarie consultant using live chat.
For home loans with a BSB starting 183, if you’ve made a lump sum deposit, or you’ve been making extra repayments over a period of time and the repayment hasn’t already been recalculated, you can request your principal and interest repayments to be recalculated.
You can check your transaction history online to see the last time your repayments were recalculated.
To request a recalculation of your repayments, please get in touch with a Macquarie consultant using live chat.
Log in to Macquarie Online Banking or the Macquarie Mobile Banking app and chat with a consultant in real time, Monday to Friday, 9am to 5pm Sydney time (excluding public holidays).
Please get in touch as soon as possible so we can work together to find the right solution for you.
Everyone at Macquarie is committed to providing our clients with the highest standard of products and services available. If you have feedback we would like you to tell us about it.
