Lenders that offer Principal Increases may have selections available in their standard Apply Online submission form.
CBA example
As an example CBA has the following selections available.
In the Application tab select the Submission Type as 'Principal Increase'.
In the Securities tab open the Existing Mortgage section, select Is Principal Increasing 'Yes'
Lenders using a separate Apply Online Variations submission form
Some lenders use a separate Variations version of their Apply Online submission form.
Lenders which use a Variations form
AMP
Bank of Melbourne
Bank SA
CHL Select
ING
NAB
St George
How to convert to a Variations Apply Online submission form
When a new Apply Online application is generated via Mercury Nexus it will open the standard submission form by default.
Use the Convert Application drop down and select the Variations form.
Click Convert to confirm.
NAB Apply Online Variations form FAQ
Q. The NAB variation is opening in the old Apply Online form?
A. NAB and NextGen have not yet updated the Variations Apply Online form to the new user interface.
Q. The Payout and Close Account checkbox is always checked?
A. This relates to how NAB processes the variations. Please contact your NAB BDM for clarification on your specific application.