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Fixed interest monthly repayment changing

Posted by Lcardsvr Lcardsvr
Message 1 of 2 470 Views

Hi, I have been with BankWest for almost three years and my fixed home loan is going to expire during October, I was checking my statement and it looks like every month the repayment varies hugely one from each other month, I though that it was because some months has different number of days but not That wasn’t the case , equals months charge differently. It had happened during my whole fixed loan.

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Re: Fixed interest monthly repayment changing

Posted by MegB MegB
Message 2 of 2 457 Views

Hi @Lcardsvr thanks for reaching out. 

It sounds like you're referring to the interest charges to the account. These will vary month on month for various reasons, mainly the amount of days in each month and the balance of an offset account (if you have one). 

So we can look into this further for you, please log into your online banking and hit the 'Message us now' button located to the bottom of the screen, or the 'Ask us' button if using our app, this is at the bottom of the app menu.
Our Online Messaging Team are available at any time for your convenience.

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