Can I pay my salary directly into my home loan account?

Paying your salary directly into your home loan account can be a good way to reduce your interest on the repayments, thus helping you pay off the mortgage sooner.

The quicker you deposit money into your home loan account the lower will be the interest rate calculations on the principal. If your home loan account is an offset account you can redraw the money as and when you need, just like your everyday check in account.

If you have a redraw home loan account, please check with your bank regarding any redraw fee or the minimum redraw amount associated with your home loan.

For discussing your home loan, please call us on 0431515916. Always happy to chat.