Fixed loan 5 years @ 6.74% p.a. for $150,000 = $981.00 p.m.
After this term the loan converted to owner - occupied
variable loan at various rates. It was not until the rate was back to 6.74% @ repayment of $1,013.00 p.m. I rang to ask why the payments are higher now then when the loan was taken out. I was told they wrote a new loan over a lesser period. Can they do this without my knowledge & approval, because when I signed up for the loan consideration was given to what I would be able to afford in the future.

You had to have signed the new loan papers, did you not read the new loan paper work ?

I received interest rate fixing request to sign & return which I did not do, so my loan defaulted to variable rate. I believe a contract was not sent to me. Should I ring and ask for a copy of the signed contract.