BT - Prepay your Margin Loan Interest

Fixed interest rates are available across various terms with interest either paid monthly in arrears or in advance (prepaid). Please note that the minimum loan balance that can be fixed is $20,000.

Prior to selecting a fixed interest rate contract, we recommend that you read :
Additional information about fixed rate loans.

I have read the additional information about fixed rate loans.

BT Margin Loan client code *

Select the entity type of the Margin Loan you are prepaying interest for: *

Individual/Joint Company

Company name *

Enter the details of the person making this rollover election.

Title *

First name *

Middle name

(if applicable)

Surname *

What is your position in the company?

For company or company trustee borrowers, either 2 directors, or one director and the secretary OR the sole director and the secretary must complete the relevant details below.

Phone number *

(Include area code e.g. 0252525252 or 0410444333)

Email address * We'll email you to confirm your rollover request has been submitted

Please update my email and phone details on my BT Margin Loan.

When you select this option you may receive a call from one of our staff to validate these changes to your personal details.

Enter the details of the second signatory for this rollover election.

Title *

First name *

Middle name

(if applicable)

Surname *

What is your position in the company?

Phone number *

(Include area code e.g. 0252525252 or 0410444333)

Email address * We'll email you to confirm your rollover request has been submitted

Please update my email and phone details on my BT Margin Loan.

When you select this option you may receive a call from one of our staff to validate these changes to your personal details.

Do you have a financial adviser? *

Yes No

What is your adviser's name? *

If there is an adviser still listed on your account we will update it to reflect that you no longer have one.

Please complete the fixed interest rate details below in order to confirm the type of fixed loan you want, the amount that you wish to fix, and how long you want the fixed loan to last.

I will prepay the interest on a nominated amount for 3, 6, 9 or 12 month term; or I will pay the interest monthly in arrears. An additional 0.10% p.a. will be charged for the interest paid monthly.

Fixed loan amount (minimum is $20,000)*

Please take into consideration any changes to your loan balance that may occur prior to expiry of your current term.

Prepaid fixed loan rate offered *

(as advised in your offer documentation - this will automatically be increased by 0.1% if you are paying in arrears)

Loan term start date *

(Must be a business day.)

Loan term end date *

Ensure the term selected is consistent with the options above. If you have nominated a maturity date, this must be a business day.

Prepaid fixed interest term

(calculation is an estimated amount)

Total interest to be Prepaid

The prepaid interest term may not be 365 days if the maturity date does not fall on a business day.

Total interest to be Prepaid:

You can prepay your interest from any of the below options.

I have/will transfer the Total Interest to be prepaid amount via

Biller Code: 17111
Ref: Your six digit reference number
Account Name: BT Margin Lending

Funds must be received by BT Margin Lending before the new term start date. Please allow 2 working days for the funds to be received. If the funds are not received prior to the new term start date, the interest will be taken from available margin loan funds. This will increase your variable loan balance by the amount of the interest to be prepaid.

You can transfer the Total Interest to be Prepaid directly to your BT Margin Loan .
BSB: 262 755
Account No: Your six digit reference number
Account Name: BT Margin Lending Funds
Funds must be received by BT Margin Lending before the new term start date. Please allow 2 working days for the funds to be received.
If the funds are not received prior to the new term start date, the interest will be taken from available funds on your BT Margin Loan. This will increase your variable loan balance by the amount of the interest to be prepaid.

This will increase your variable loan balance by the amount of the interest to be prepaid.
Interest payments that place the loan account into buffer, or breach the credit limit, generally will not be accepted. Please ensure you have sufficient funds available, if you select this option.

(For fixed rate loans with interest paid in advance only.)

Select how interest is to be compounded. *

Add the compound interest to the fixed rate loan amount
(by choosing this option, at the initial drawdown of your fixed rate loan, the balance will be increased by the compounded interest amount). The amount completed in the Total Loan Balance does not include fixed interest payment amount; or Include the compound interest in the total fixed loan amount.
The amount completed in the Total Loan Balance already includes the fixed interest payment amount.

Last three digits of BSB *
XXX

Last three digits of Account number *
XXX

You will need to complete the Direct Debit Request Form (to be returned separately).

BSB *

Account number *

BT Margin Lending will take this as an instruction to redeem this amount from applicable BT CMT accounts. You may only use this option where you have sufficient units available in your BT CMT on the prepayment start date and these have been pledged to your BT Margin Loan.

Please note that CMT redemption requests must be received prior to the prepayment start date in order for BT Margin Lending to process it before 10am on the prepayment start date.

Pay directly from your Geared WRAP Cash Account.

By submitting this request form I am making the following statements:

I acknowledge and understand this form including the “additional information about fixed rate loans” and that the information I have completed is true and correct.
I acknowledge that the full interest payment must be received by the prepaid fixed loan start date.
I acknowledge that interest paid in advance is not refundable.
I agree that if a fund transfer from my preferred method fails for any reason, I will be debited any interest due from your available margin loan funds.
I understand that there may be costs associated with breaking a fixed rate contract prior to its end date.

I consent to the above terms and authorise the setup of a fixed loan on my BT Margin Loan account.

Application summary

Security check: *

Prepay your BT Margin Loan Interest

Questions?

Application summary

Submitting your request,

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