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How do loan auto-repayments work?

How do loan auto-repayments work?

Set up convenient, automatic repayments from your nominated eligible ANZ Plus account to repay your ANZ Plus Home Loan. Depending on your preferences, your repayment amount will be automatically moved – every month, or every fortnight – from your selected account to your home loan. Easy.

We may increase your loan auto-repayments to reflect changes to the minimum repayment amount. This can happen when interest rates change.

If there aren’t enough funds in your selected account on the repayment date, we may debit the amount on a later date. If this happens, you may incur fees.

While we'll usually process loan auto-repayments on the scheduled time, there may be times where we don't. See the ANZ Plus Home Loan T&Cs for more information.

Your loan auto-repayments will continue until cancelled or your ANZ Plus Home Loan is repaid.