on 21-06-2019 05:11 AM
I have a fixed rate loan that I have been moving extra funds in to ontop of the minimum monthly repayment amount. I just noticed, both in the app and on the website for online banking, that I would not be able to access the available funds should I want/need the money. Just wondering what the reason is for that? It’s different for a variable loan where you would be able to move money back out of the loan account.
on 21-06-2019 12:21 PM
Our fixed loans don't have the online transfer function as a deterrent because if funds above the minimum monthly repayment are credited to the account, the Fixed Loan Additional Repayment Fee may apply. This fee is outlined in your fixed loan contract.