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Standard home loans repayments include both the interest, as well as a portion of the principal amount. Interest-only home loans remove the principal from the equation, so you can reduce your monthly repayments.
Basic Variable products available for new lending only
Comparison rate is based on a secured loan of $150,000 for a term of 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.