Can I make extra repayments on my RAMS Home Loan?
Asked a year ago
Yes, you can make extra repayments on your RAMS Home Loan. RAMS offers flexible repayment options, allowing you to pay off your loan faster if you wish. This can be done either as regular additional repayments or as lump sum payments. Making extra repayments can help reduce the amount of interest paid over the life of your loan and shorten the loan term. There are no penalties imposed for making extra repayments on a RAMS Home Loan. You also have the option to redraw the extra repayments made if you need access to those funds in the future. RAMS provides a range of tools and resources to help you manage your loan, including an online portal to track your repayments and progress towards paying off your home loan sooner.
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