Easy Offset

2017 CANSTAR 5 Star Rating for Outstanding Value

  • 3.72%
    variable rate p.a.*
  • 3.74%
    comparison rate p.a.*

Pay off your home loan faster and with less interest

Many people choose to take out a home loan with a 100% offset redraw facility because it can help them to pay off their loan faster and with less interest.

Whenever you put money into your offset redraw facility that money is 100% “offset” against your home loan.

Let’s look at an example:

  • Say you had a home loan of $350,000 and you put $10,000 into your offset redraw facility.
  • This would mean that you only pay interest on $340,000.

How will this affect monthly repayments?
Your monthly repayment won’t change, but you will be paying more off on your home loan principal each month, so you will pay off your mortgage faster and with less total interest.

How can I access my money?
Importantly, while your money is in the offset you can still access it online or via VISA Debit and ATMs.

For that reason, many people choose to maximise the “offset effect” by having their salary paid into their offset redraw facility, and drawing it out it as they need it.1

The benefits of an offset redraw facility

In summary, the benefits of an offset redraw facility are threefold:

  • You can still access the money in your offset facility for regular withdrawals, transfers and bill payments
  • You can pay off your loan faster, and with less interest
  • You may find it easier to manage your loan repayments by consolidating your finances in one account.

Offset home loan features

  • 2016 CANSTAR 5 Star Rating for Outstanding Value: Owner-Occupied Variable Rate 
  • No monthly fees, no minimum withdrawal or redraw fees and unlimited access to your funds
  • Visa debit card and ATM access
  • Unlimited free redraws with no minimum redraw amount
  • Split loan facility – up to five free splits with fixed rate or identical variable loan product ^
  • Unlimited additional repayments on variable rate loans
  • 24/7 unlimited access to your account online and by phone
  • Weekly, fortnightly and monthly repayment options

Online doesn't mean impersonal, let's talk!

Hannah has been with loans.com.au for over five years. As an experienced Senior Support Officer, Hannah can answer all your questions and help you start saving sooner.

Speak to one of our friendly and experienced support team members, like Hannah, to find the right low-rate loan package for you. Call 7am - 7pm Monday to Friday.

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Features, rates & fees brochure

Get all the information you need on different loan features, rates & fees in this easy-to-read loans guide.

From streamlined packages to fully-featured loans, you will find the low-rate home loan to suit your lifestyle.

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Fees & costs

Our fees & costs
Monthly fee: $0
Annual fee: $0
Application fee: $0
Settlement fee: $300
Discharge fee: $300
Discharge documentation fee: $250
Government and third party costs
Valuation fee (may be higher in some cases): $220 or at cost
Government fees and charges at cost

Our awards

In 2017 and 2016, loans.com.au has received 5 star ratings for our variable rate home loans from Canstar. We also were named the 2015 Home Lender of the year in Mozo's Expert Choice Award plus many others, including Money Magazine's Cheapest Home Loan - Non-bank two years in a row.

See all our awards

Receive a free loans.com.au property report

To help you find the perfect home, we’d like to give you a free loans.com.au Comparative Market Analysis (CMA) property report.

Our reports provide a breakdown of information about the property you are considering, including previous sale prices.

It also offers valuable information about the area, such as median house prices, recent sales figures, and the local community demographics.

Buying a house: How to negotiate the right way

When it comes to buying a house, good negotiating skills could save you tens of thousands of dollars.

The key is to stay calm, be respectful, and keep your wits about you.

Here are our top negotiation tips to get the house you want for less.

Fast track your application

If you're ready to move fast on your home loan, we can get you there with our speedy, hassle-free online application process.

Get your loan from approval to settlement quickly with onTrack, giving you control over your application, 24 hours a day, 7 days a week.

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