If your loan is a fixed rate loan, a break cost fee is payable during the fixed rate period if
- you repay the loan in full,
- the fixed rate is changed at your request to a different fixed rate or to a variable rate, or
- you make additional repayments over $25,000 in a year.
How the fees are calculated varies depending upon when the loan is made. Full details of the fee will be included in any loan offer that is made to you after you apply for a loan, or at the time a fixed interest rate is entered into. For further information or support around break costs please visit a branch or call us on 13 25 85.
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