Calculate how much you can save in interest and time by using an offset account with your home loan
Your average savings balance in the offset account
An offset account reduces the interest charged on your loan without locking away your savings. The balance offsets your loan principal when calculating interest.
$225,181
Over the life of your loan
$271
$3,250
7 years, 3 months
Pay off your loan faster by keeping money in offset
With $50,000 in your offset account, you only pay interest on $450,000 instead of the full loan amount.
This saves you approximately $271 in interest each month, which goes toward paying down your principal faster.
Your money remains accessible in the offset account - unlike making extra repayments into a redraw facility.
Not all lenders offer offset accounts. We can help you find loans with 100% offset accounts and competitive rates.
Book Free ConsultationEvery dollar in your offset account reduces the balance on which interest is calculated, saving you money every day.
Unlike making extra repayments, money in an offset account remains fully accessible for emergencies or opportunities.
Interest savings mean more of your repayment goes to principal, helping you become debt-free years earlier.
For investment loans, offset accounts preserve tax deductions while for home loans, they reduce non-deductible debt first.
We'll help you find a home loan with 100% offset account and competitive rates to maximize your savings.