Loan information snapshot
This section contains a snapshot of important information about your loan.
The name of your HomeStart Loan.
A unique number assigned to your loan account.
A unique number used to identify your information. Please quote it when contacting us.
Your current interest rate.
The start date covered by this statement.
The end date covered by this statement.
The fixed interest rate ends on this date.
Arrears are the total amount of any missed or overdue repayments.
Account summary
This section gives you a high-level summary of your loan account.
Your account balance at the beginning of this statement period.
All amounts charged to your loan account during this statement period.
The total of all repayments, refunds, and voluntary payments made to your loan during this statement period.
This is the remaining amount you owe on the loan, excluding interest and other charges, as of the statement’s end date. As a reminder, for the Breakthrough and Shared Equity Loans, the balance is not the payout amount as it excludes appreciation.
Redraw shows the extra payments you've made on your loan beyond the minimum repayments. You can access this option if your home loan has a variable rate. Redraw does not apply to additional loans or fixed-rate loans.
Transaction overview
This section details all transactions within the statement period including payments made, interest amount charged, the dates of each transaction, and closing balance.
A pre-authorised payment withdrawn directly from your bank account to your loan account.
Interest is calculated daily on the outstanding balance and charged monthly.
Sometimes the interest charged in a month will exceed the repayments made that month, this is called capitalisation. The difference is added to your loan balance and no additional payments are required. Capitalisation can be avoided or reduced by making a voluntary additional payment either regularly or when you have available funds to do so.
If you still have any questions, please visit our FAQs page.