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6.04%
discount var rate p.a.*** -
6.06%
comparison rate p.a.*
Offset sub-account for homeowners
Enjoy the flexibility to redraw from your offset account. Get a Visa debit card to access your cash from an ATM or EFTPOS machine.
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6.24%
discount var rate p.a.+ -
6.26%
comparison rate p.a.*
Offset sub-account for investors
Make the most of your offset sub-account with the flexibility of redrawing those funds at any time and fully maximise the benefits of your investment loan.
What is an offset sub-account?
By adding an offset sub-account to your loan, you’ll pay it off faster and with less interest, plus with Visa debit card access to your loan.
Whenever you put money into your offset sub-account, that money is 100% “offset” against your home loan, with Visa debit card access. So, if you had a home loan of $350,000 and $5,000 in your offset sub-account, you only pay interest on the $345,000.
You can even maximise the "offset effect" by arranging for your salary to be paid into your offset sub-account. In this way your money is immediately put to work for you, saving interest!
Variable rates
Our owner occupied variable rates
Owner Occupier
Principal & Interest
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Interest Only
Home Loan
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Our investor variable rates
Investor
Principal & Interest
Investor
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Investor
Variable rate p.a
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Interest Only
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Investor
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Find your next home loan
For 10 years, we've been helping Aussies into their dream homes and saving them thousands. Find the right loan for you today so you can start saving too.
Want to see more home loan options? Compare our home loans
Get started
Apply online or speak to one of our Australian based loan specialists who will take care of all the paperwork for you. Applying is easy and we can settle your loan quickly so you start saving sooner. With loans.com.au you can have confidence in dealing with Australia's largest non-bank lender.
How much can I borrow?
It takes less than 3 minutes to calculate your borrowing power!
Ready to apply or want pre-approval?
Give us a call on 13 10 90 or start an online application.
Benefits of opting for an offset
No ongoing or monthly fees
Once you opt for the offset sub-account for an additional 0.10% to your loan, you’ll pay no ongoing, monthly or annual fees.
Access your money easily!
You can access your money in your offset sub-account online, at the ATM and or via your Visa debit card.
Pay less interest on your loan!
When your funds move from your loan account to your offset sub-account, it is 'offset' against the balance of your home loan. This means you only pay interest on the difference between the loan amount and the amount in your redraw offset facility. This means you pay off the loan faster and with less interest.
Offset sub-account features
100% offset
When your funds move from your loan account into your offset sub-account^, that balance is 100% against the balance of your home loan, so you are paying less in interest!
Visa debit card
Get a Visa debit card with your offset sub-account.
ATM / EFTPOS
You can also access the funds in your offset sub-account via an ATM or pay via EFTPOS.
Redraw
Have the flexibility to redraw from your offset sub-account.
Calculators
home loans
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?
home loans
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?
home loans
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.
Is an offset sub-account worth it?
