Managing your Home Loan


Repay your home loan faster

You can make lump sum repayments totaling $50,000 within a 12 month period on fixed rate loans with no early repayment adjustment.

If you choose a variable interest rate, there are no fees for early or lump sum repayments.

When making a home loan lump sum repayment, you can choose to either keep your regular loan repayments the same (and pay the loan off faster), or reduce your regular loan repayments by keeping the loan term the same.


Top up your home loan if you need a little extra money

Your NBS home loan can help you get what you want in life, when you want it.
As you repay your loan, you can apply to borrow more for any purpose, still secured by your house at a competitive interest rate.

So if the time is right for home renovations, a new car or a holiday, talk to your Personal Banker about topping up your home loan (subject to NBS Lending Criteria).


Keep the same home loan when you move house

If you sell your home and buy another, you may retain your existing NBS home loan package by exchanging the security to your new property.


Your options when your fixed rate is up for renewal

  • Select another fixed interest rate period
  • Allow your loan to revert to NBS variable interest rate and selected a fixed rate period at any time in the future
  • Review your home loan structure
    If interest rates have dropped keep your repayments the same shortening your loan term.
  • Split your loan across a variable or fixed interest rate or across different loan types

Talk to an NBS lending specialist today, call into your local NBS branch or phone 0800 101 700.


Take a break from your home loan

You may have the option of suspending your home loan repayments for a period of up to 3 months. This might be a good option if you are going on an extended overseas holiday and want to put your repayments on hold.

A loan holiday only suspends the repayments. The interest will continue to accrue on the outstanding loan balance during that time. Therefore, this option should be considered carefully as the amount of interest accrued will increase your loan balance and consequently increase your repayments.

Ask an NBS lending specialist today, call into your local NBS branch or phone 0800 101 700.