September 2026
How do extra-repayment features differ from a standard home loan?
Extra repayments can reduce interest and shorten a loan, but caps and fixed-rate restrictions can apply. This page compares those extra-payment rules, not the national advertised-rate matrix on /home-loans. Check the table, then verify the product's repayment limits and fees.
This page compares extra-repayment features versus a standard home loan: how much you can pay above the required amount, whether charges apply, and fixed-period limits. Additional principal payments can reduce interest and shorten the loan. Redraw access is a separate feature. The national advertised-rate matrix is on /home-loans.
Compare all home loan rates on the main /home-loans matrix. This page is only extra-repayment features versus a standard loan, not the national advertised-rate comparison.
Reviewed by the Ratesniffers Editorial Team. No unsupported scenario-specific rate is promoted in this answer.
Questions to ask about additional payments
- Payment allowance: ask whether regular top-ups and one-off lump sums are allowed, and how any cap is measured.
- Restrictions: request the applicable fees or break-cost conditions before paying extra on a fixed loan.
- Feature versus rate: use this page for extra-payment rules; use /home-loans for the national comparison-rate matrix, then check the personalised quote.
Guidance checked 7 September 2026 against Moneysmart: repayment types and loan features; Moneysmart: making extra payments.
Loans with extra-repayment features, ranked by comparison rate
| Lender | Type | Rate p.a. | Comparison | Max LVR | Rate date |
|---|---|---|---|---|---|
| Newcastle Permanent Building Society | Variable | 5.94% | 5.98% | 80% | 24 Sept 2026 |
| Hume Bank | Variable | 5.99% | 6.00% | — | 24 Sept 2026 |
| BCU Bank | Variable | 6.04% | 6.07% | — | 24 Sept 2026 |
| Macquarie Bank Limited | Variable | 6.09% | 6.11% | 80% | 24 Sept 2026 |
| Bank Australia | Variable | 6.13% | 6.13% | 80% | 24 Sept 2026 |
| Beyond Bank Australia | Variable | 6.14% | 6.17% | — | 24 Sept 2026 |
| P&N Bank | Variable | 6.19% | 6.20% | — | 24 Sept 2026 |
| Auswide Bank Ltd | Variable | 6.19% | 6.22% | — | 24 Sept 2026 |
| MyState Bank | Variable | 6.19% | 6.25% | 80% | 24 Sept 2026 |
| AFG Home Loans Alpha | Variable | 6.14% | 6.31% | 80% | 24 Sept 2026 |
Sorted by comparison rate. Each broad comparison row shows its own effective date; these rows do not drive the promoted answer or metadata.
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years.
The information provided on this site is general in nature and does not take into account your objectives, financial situation or needs. Before acting on any information, consider whether it is appropriate for you and read the relevant Credit Guide and lender disclosures.
Frequently asked questions
How do extra-repayment features differ from a standard home loan?
This page compares extra-repayment features versus a standard home loan: how much you can pay above the required amount, whether charges apply, and fixed-period limits. Additional principal payments can reduce interest and shorten the loan. Redraw access is a separate feature. The national advertised-rate matrix is on /home-loans.
Does this page compare extra-repayment features or advertised rates?
This page only compares extra-repayment features versus a standard loan: payment caps, fixed-period limits and whether paid-in money can be redrawn. Advertised rates ranked by comparison rate sit on the parent table linked above as Compare all home loan rates.
Can I make extra repayments on a fixed-rate home loan?
It depends on the contract. Fixed loans can restrict extra payments, so confirm the allowance and any fees with the lender. There is no single payment cap that applies to every fixed loan.
Is a lump sum the same as increasing regular repayments?
Both pay additional money into the loan, but the amount and timing differ. Check whether the product applies the same payment limits and charges to each approach.
What if I need to withdraw an extra payment later?
Check whether the loan has redraw and which funds are available. The ability to make extra payments alone does not establish a right to withdraw them.