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Interest-only vs principal-and-interest on Australian home loans

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Interest-only vs principal-and-interest on Australian home loans

Interest-only vs principal-and-interest on Australian home loans

Jokuda

29 September 2026

8 min read

11 views

Most home loans in Australia are principal-and-interest. You pay the interest and chip away at the balance. Over time the debt shrinks. Interest-only is different. For a set period, your repayment covers interest only.…

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home loan interest only principal and interest IO P&I Australia mortgage

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