Looking for an offset sub-account?
Add an offset sub-account to your home loan so you could save on interest.
Multi-award winning
Variable Home Loan (with Offset)
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Discounted home loan rate*** -
Offset sub-account available
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No monthly or ongoing fees
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Free redraw on any additional repayments
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Pay your bills via BPAY
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Access your account via Smart Money app
An offset account is a transaction or everyday banking account that is linked to your home loan.
By adding an offset sub-account to your loan, you’ll pay it off faster and with less interest. You can even maximise the "offset effect" by arranging for your salary to be paid into your offset sub-account.
Why choose an offset account?
Pay less interest
Save by offsetting your interest repayments and pay off your loan sooner.
No extra fees
Access our competitive rates with no hidden fees or charges.
Redraw flexibility
You'll enjoy having the flexibility to redraw from your offset sub-account.
Access money easily
Access money in your offset sub-account online, via an ATM or Visa debit card.
A variable home loan that saves you more.
Here’s your new offer
| Owner Occupier Rates |
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| Investor Rates |
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| Key Features | Up to 30 years loan term | |
| Available for refinance or purchase | ||
| Unlimited additional repayments | ||
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| Repayments | Frequency | Weekly, monthly or fortnightly |
| Estimated repayments | $2,962 per month# The monthly repayment estimate is based on a $500,000 loan over 30 years at 5.89% p.a. paying principal and interest. |
| Fees |
Application fee |
$0 |
| Ongoing fees | $0 | |
| Security assessment fee | $230 | |
| Government fees | At cost | |
| Settlement fee | $300 |
P&I |
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| Variable Home Loan (with Offset) | Interest Rate: 5.89% p.a.*** |
| Comp Rate: 5.93% p.a.* | |
| Max LVR: 90% |
IO
| Variable Home Loan (with Offset) | Interest Rate: 6.39% p.a.*** |
| Comp Rate: 6.20% p.a.* | |
| Max LVR: 80% |
P&I |
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| Variable Investor Home Loan (with Offset) | Interest Rate: 6.19% p.a.+ |
| Comp Rate: 6.23% p.a.* | |
| Max LVR: 90% |
IO
| Variable Investor Home Loan (with Offset) | Interest Rate: 6.59% p.a.*** |
| Comp Rate: 6.45% p.a.* | |
| Max LVR: 90% |
| Up to 30 years loan term | ||
| Available for refinance or purchase | ||
| Unlimited additional repayments | ||
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| Frequency | Weekly, monthly or fortnightly |
| Estimated repayments | per month# The monthly repayment estimate is based on a $500,000 loan over 30 years at 5.89% p.a. paying principal and interest. |
| Application fee | $0 |
| Ongoing fees | $0 |
| Security assessment fee | $230 |
| Government fees | At cost |
| Settlement fee | $300 |
As seen on...
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Laura
Home loan customers
Meet the team who’ll start saving you thousands
We have a friendly team of Australian-based lending experts here to help you from application to settlement, so you can get a better loan.
Our home loan application process
Application
Simply fill out your home loan application online by entering some of your details, or chat to one of our friendly lending specialists over the phone and they can complete your application for you.
onTrack
After your application is complete, use our system we call onTrack on your desktop or device to add your documentation such as payslips and bank statements, and track the progress of your application.
Speak to specialist
You will then have an appointment with one of our lending specialists to organise your preliminary approval of your loan, and help you progress through the home loan approval process through to settlement as quickly as possible.
Signing document
Check onTrack to received your final approval, mortgage documents and loan agreement. You must sign these and return them in to onTrack.
Settlement
Your loan will settle, and you’ll enjoy your new loan rate.
Access your account
Once settlement is complete, we will send your login credentials to start managing your payments in the Smart Money app.
Frequently asked questions
How does an offset sub-account work?
This feature allows to you offset any cash funds you hold, including your salary, against your loan balance and save on interest.
Redraw vs Offset
One question we get asked all the time is “what is an offset sub-account and how can I benefit from using it?
Offset sub-account vs extra repayments
Reducing the length of your home loan can reduce the amount of interest, saving you thousands. But is it better to reduce your mortgage repayments by making additional repayments or leaving the money in an offset sub-account?
Is an offset sub-account worth it?
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