home loans

Manage your repayments

Learn more about redraw, voluntary repayments and direct debit repayments.

Redraw
Voluntary repayments
Direct debit repayments

Redraw

If you make additional voluntary repayments to your loan, over and above the minimum repayments, redraw enables you to withdraw these additional funds. Some restrictions may apply depending on your individual circumstances and loan type.

To access redraw, you can apply online, or contact HomeStart or your Loan Manager.

Voluntary repayments

You can choose to make additional repayments at any time by either increasing your regular repayment or making a lump sum repayment. You can stop or adjust voluntary repayments whenever you like.

Making voluntary repayments reduces your loan term and the amount of interest you pay over the life of the loan.

You can make voluntary payments:

A HomeStart Customer Card is required to make payments at Australia Post. Contact your Loan Manager to request a Customer Card if you do not already have one. Some restrictions may apply depending on your individual circumstances and loan type. If you’re unsure, contact your Loan Manager first.

Direct debit repayments

Direct debit repayments make paying off your home loan easier. You can avoid repayment hassles, with payments being automated so you don’t miss a repayment.

You can choose how often you make your repayments (weekly, fortnightly or monthly), and you can choose to make regular voluntary repayments above your minimum repayment amount.

To set up direct debit or change your account details, fill out and return the Direct Debit Request form to HomeStart Finance, PO Box 1266, Adelaide SA 5001. Please ensure there are sufficient clear funds in your account, and allow 5 working days from the date the Lender receives the Direct Debit Request form for the change to be effected.

Download our Direct Debit Request form PDF (39KB)

You can also download the Direct Debit Request form from eHomeStart, or contact HomeStart or your Loan Manager.

Terms, conditions, and eligibility criteria, fees and charges apply

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