Skip to main content Skip to main navigation
Skip to access and inclusion page Skip to search input

Adjust your home loan repayment

Adjust your home loan repayment

For principal and interest home loans, adjusting your repayments is now much simpler. Instead of printing, signing and forwarding paperwork, you now have the option to use our secure online form.

It's fast and convenient; you just need to:

Choose from these repayment options

  • Pay only the minimum amount required - which could free up extra cash
  • Pay more than the minimum - and over time you could pay your loan off sooner
  • Change the frequency - you can make monthly, fortnightly or weekly repayments
  • Interest Only Repayments- See Choosing the right repayment type.

Use our repayment calculator to see how these changes could affect your repayments.

You can change the repayment amount and frequency in a few simple steps using Online Banking or the Westpac App.

In the Westpac App

Before trying these instructions make sure you  update to the latest version of the app.  
  1. Search Adjust home loan repayment in the Smart Search bar
  2. Tap the variable loan you want to adjust
  3. Select the repayment option and frequency
  4. Tap Continue

In Online Banking

  1. Select your variable home loan
  2. Select Service > Adjust home loan repayment
  3. Select the variable loan you want to adjust
  4. Select the repayment option and frequency
  5. Select Continue


Your request will be processed within 2 business days. Once approved, your first repayment is scheduled for the starting date listed on the summary.

Any questions, call us on 132 558.

Repayment changes with an interest only loan

You are unable to change the amount or frequency of your repayments.

However, if you'd like to make separate, additional repayments on an interest only home loan, just sign in to Online Banking and set up a recurring payment.

Not registered for Online Banking?

Prefer to still use a paper form to adjust your repayment?

Remember, changes can only be made to principal and interest home loans. Just download, print and sign the Direct Debit Form.

Change your loan repayment request - for principal and interest home loans (PDF 1017KB)

Note that Step 3 is where you specify adjustments to your repayments.


Then either:

If you're experiencing financial hardship, find out how Westpac Assist can help or refer to our Home loan repayment options article.

Like to know more?

Get in touch and speak to one of our home loan experts:

  • Call us on 132 558 (8am to 8pm, 7 days a week)