Resident Home Loans - Managing your Loan

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Managing your Loan

As a valued customer of Resident Home Loans you will find managing your loan is quick, easy and hassle free. The ability to change your loan as your needs change is one of the key advantages of a Resident Home Loan.

	Changing Frequency

	Changing Repayment

	Redraw

	Once-off Payments

	Statements

	Transaction Listing

	Forms

Changing Frequency

You may wish to increase the frequency of your loan repayments to save interest and reduce the term of your loan. This can easily be done by accessing the secure area of our website.

It is also possible to nominate the exact date of each repayment to coincide with wage payments and to have your salary directed to your home loan. Should you wish to have your salary paid direct to your home loan you should contact your employer. back to menu

Changing Repayment

You can at any stage change the amount of your repayment by accessing your loan through our website.

Increasing the amount of your loan repayment will reduce the interest you have to pay and reduce the term of your loan.

All payments in excess of the minimum are accessible should the need arise through the unlimited free redraw facility.

It is necessary to make at least the minimum repayment each month. back to menu

Redraw

You have the ability to access additional repayments you have made on your home and/or investment loan for any purpose.

Increasing your repayment amount allows you to save interest, reduce the term of your loan and is still readily accessible should you need it in the future.

You have the ability to do unlimited free redraws. The redraw amount is usually deposited to the bank account attached to your loan within 48 business hours.

Funds in redraw are not available until cleared. back to menu

Once-off Payments

You may be lucky enough to have some spare money that you wish to transfer into your home and/or investment loan – this can be done by accessing the secure area of our website.

You may get a tax refund, a bonus payment or some other financial windfall and this can be transferred to your loan via the once-off payment facility.

If this once-off payment is above your minimum repayment amount it will remain accessible through the unlimited free redraw facility. back to menu

Statements

As a valued customer of Resident Home Loans you will receive loan statements every six months. Should you want a statement outside this frequency, or if you have simply misplaced your statement, you can simply log on to the secure area of our website and print another one for yourself. back to menu

Transaction Listing

You may desire to look up your last few transactions and/or get an up to date account balance. By simply logging on to the website you can view the last six months of transactions and get an account balance for yourself.

With Resident Home Loans managing your loan is quick, easy and hassle-free. back to menu

Forms

Sometimes it may be necessary in an effort to ensure compliance with government authorities that we receive some requests in writing. These forms can be downloaded from our website so as to avoid any unnecessary delays. back to top

To begin applying for a Resident loan all you need to do is request an Application Form

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