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Rates from
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Pay off your home loan faster and with less interest

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

Loan amount

$
 
Monthly repayments#
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Pay off your home loan faster and with less interest


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

Whenever you put money into your redraw offset 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 redraw offset 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 redraw offset facility, and drawing it out it as they need it.‚Äč

The benefits of an redraw offset facility

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

  • You can still access the money in your redraw 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.

How Often Should You Refinance Your Home Loan?

You need to think carefully if it makes financial sense to replace your old home loan or not. Here are some things to consider before you decide to refinance your home loan.

VIEW ARTICLE

Securing Investment Home Loans at Low Rates

If you plan to invest in a property, you will probably need an investment home loan to finance your acquisition.

VIEW ARTICLE

Choosing the Right Tenant for Your Rental Property

Tenant screening is one of the most important things you need to do when managing your own rental property. Here are some tips on how you can pick the right tenant for your rental property.

VIEW ARTICLE

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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Loan repayments

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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 231 reviews.
As rated by our settled customers

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Easy and convenient
Loved the process of your loan application. So easy and convenient for me because I work and I just checked my onTrack and responded as required. Thank you!

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

Hellen B. - Kurunjang, VIC
December 21 2017

Wonderful experience
Had a wonderful experience with loans.com.au. Staff were very helpful and only took four weeks to complete the documents. Will definitely recommend to our friends.

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

Michael W. - Terrigal, NSW
December 13 2017

Smart Loan Package

Package your owner-occupied loan with your investment loan and enjoy low rates for both.

Rates from

3.89%

variable rate p.a.* (80% LVR)

3.91%

Comparison rate p.a.*

$1,884.38

minimum monthly repayments

This calculation is based on a $400,000 loan over 30 years and includes principle & interest. This may not be your actual repayment.

  • Great low rate on investment loans when you package with your owner-occupied loan
  • Unlimited additional repayments
  • No monthly or ongoing fees
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