Is interest charged on the monthly service fee on my home loan account?

Interest will be charged on any debit balance. Interest is charged daily on the outstanding balance, capitalised monthly and debited to the home loan account on the 1st day of every month. It is best to keep a credit balance for any debits on your account to avoid being charged interest. Ensure there is a debit order in place to cover this fee on the day it is debited.

(Updated February 2024)