You're a Homeowner!
After your loan has settled your repayments will commence. You can choose to make your repayments monthly,
fortnightly or weekly.
Should you choose to make half your monthly repayment each fortnight (or a quarter of the repayment each
week), you will also be saving a lot of interest over the years. You are effectively making extra payments
over the course of a year and can reduce a 30 year loan term by 6-7 years by simply doing this.
Any extra payments you've made over and above the minimum can be redrawn at any time* via our free internet
redraw facility.
*Subject to the potential for GBS to suspend, terminate and reinstate any right or ability to redraw monies paid in advance of normal loan repayments.
