Permanently reduce your home loan limit

You can arrange for the limit on your home loan account to be permanently reduced if you have funds available in your redraw or offset account.

It is important to note that a reduction to your home loan limit is permanent and an application with supporting documents will be required for any future increase/s to the limit, which will be subject to a credit assessment and approval, and any applicable fees.

• If your home loan’s BSB starts with 182, your repayment amount is based on the home loan account’s limit and a limit reduction will reduce the minimum monthly repayment amount.
• If your home loan’s BSB starts with 183, your repayment amount is based on the home loan account’s balance. A limit reduction won’t reduce the minimum monthly repayment amount.