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Aussie logo
    Close alert

    From 1st July 2019 Aussie Credit Card Internet Banking will no longer be available. To access your new ANZ Low Rate Visa Card details, login via anz.com.au or if you have any questions please call 1800 269 484.

    X
    Log In
    Is this for me ?

    For Aussie Select home loans only. Your loan type can be found on your welcome pack or statements.

    Log In
    Is this for me ?

    For Aussie IQ home loans only. Your loan type can be found on your welcome pack or statements.

    Log In
    Is this for me ?

    For all other home loans including Aussie Optimiser and Aussie home loans settled before 2012. Your loan type can be found on your welcome pack or statements.

    Log In
    Is this for me ?

    For Aussie Activate home loans only. Your loan type can be found on your welcome pack or statements.

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    Is this for me ?

    For Aussie Elevate home loans only. Your loan type can be found on your welcome pack or statements.

  • Ask Aussie
  • Can I make my loan shorter?

Can I make my loan shorter?

In most cases, lenders structure their home loan products around 25 and 30 year loan terms. You may be able to negotiate a shorter loan term when you take out your loan, or to shorten your loan term once it has started, you will need to pay off the loan faster. This means you may wish to choose a variable home loan over fixed as it offers more flexibility.

With a variable rate loan there are several ways to pay off your loan faster, including:

  • Making extra repayments if your home loan and budget allows. 
  • Switching your repayments to fortnightly, as paying more often can reduce the total amount of interest you pay overtime and help you pay off your loan quicker.
  • Consider paying your salary into your mortgage account and then paying your bills from there. Having a lower balance will reduce the amount of interest you pay over time.
  • If your home loan allows it and you can afford it, when interest rates go down, try to keep the same level of repayments.


An Aussie Broker can help you find the right loan for your needs. This service is part of your free appointment with an expert broker.

Want to find out more?

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