Offset
Rates from
4.39%
Variable rate p.a.*
4.41%
Comp rate p.a.*

Pay off your home loan faster and with less interest

 
  • A 100% offset redraw facility with linked Visa debit card
  • Unlimited free redraws with no minimum redraw amount
  • No monthly or ongoing fees


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Loan amount

$
 
Monthly repayments#
0,000  

Refinancing my second loan

The team were brilliant with the level of customer service they provided to me. So impressed that I am now in the process of refinancing my second loan. I really don't think that any other online financial institution could be as effective and efficient as loans.com.au.

Marino S.
2017
Farrer, ACT


 

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.

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 redraw 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.

A smarter way to get from loan application to settlement

At loans.com.au, we believe applying for a home loan should be a speedy and hassle free process. OnTrack allows you to quickly get your loan through to approval and settlement while we do the heavy lifting for you behind the scenes.

 

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Calculators

Borrowing power

Find out how much you can borrow based on your income and expenses.

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Loan repayments

Shows how your mortgage repayments will vary depending upon the size, interest rate and duration of your loan.

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Stamp duty costs

Works out how much stamp duty you'll have to pay depending on the property’s value and location. 

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Meet some of the team

Our friendly, Australian, Lending and Customer Care experts will ensure you have a quick and hassle-free experience.
 

Customer reviews

Value for money: 4.9/5
Customer service: 4.9/5

Based on 203 reviews.
As rated by our settled customers

READ MORE REVIEWS

New home loan easily set up
This has been a very user-friendly and easy experience in setting up our new home loan.

Value for money: 5/5
Customer service: 5/5 Recommend to a friend?: Yes

Steven W. - Hillside, VIC
September 04 2017

Helpful platform and attentive staff
Really enjoyed the experience considering how tricky it is to manage. Getting all the forms processed is not always a joy so to have a platform like this was a huge help. Staff were really attentive and knowledgeable.

Value for money: 4/5
Customer service: 5/5 Recommend to a friend?: Yes

Timothy E. - Northcote, VIC
September 04 2017

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