Looking for an offset sub-account?
Variable Home Loan (with Offset)
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.
Our home loans
| Home Loan | Interest Rate | Comparison Rate | Monthly Repayment | Product Features | Details |
|---|---|---|---|---|---|
Green Home Loan (with Offset)Owner Occupied • Principal & Interest • Up to 90% LVRMost Popular
|
6.09% p.a. | 6.61% p.a. | $3,027 |
|
Do I Qualify? |
Solar Home Loan (with Offset)Owner Occupied • Principal & Interest • Up to 90% LVR |
6.09% p.a. | 6.61% p.a. | $3,027 |
|
Do I Qualify? |
Variable Home Loan (with Offset)Owner Occupied • Principal & Interest • Up to 90% LVR |
6.14% p.a. | 6.16% p.a. | $3,043 |
|
Do I Qualify? |
Why choose an offset account?
Pay less interest
Save by offsetting your interest repayments and pay off your loan sooner.
No extra fees
Save thousands over the life of your loan with no extra 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
Principal & interest
Variable Home Loan (with Offset)
Interest Rate:
6.14% p.a.***
Comparison Rate:
6.16% p.a.*
Max LVR:
90%
Interest only
Variable Home Loan (with Offset)
Interest Rate:
6.64% p.a.***
Comparison Rate:
6.66% p.a.*
Max LVR:
80%
Investor Rates
Principal & interest
Variable Investor Home Loan (with Offset)
Interest Rate:
6.44% p.a.***
Comparison Rate:
6.46% p.a.*
Max LVR:
90%
Interest only
Variable Investor Home Loan (with Offset)
Interest Rate:
6.84% p.a.***
Comparison Rate:
6.86% p.a.*
Max LVR:
90%
Key Features
Up to 30 years loan term
Available for refinance or purchase
Unlimited additional repayments
Repayments
Frequency
Weekly, monthly or fortnightly
Estimated repayments
$3,043 per month#
The monthly repayment estimate is based on a $500,000 loan over 30 years at 6.14% 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
Variable Home Loan (with Offset)
Interest Rate:
Comp Rate:
Max LVR:
% p.a.***
% p.a.*
90%
IO
Variable Home Loan (with Offset)
Interest Rate:
Comp Rate:
Max LVR:
6.64% p.a.***
6.66% p.a.*
80%
P&I
Variable Investor Home Loan (with Offset)
Interest Rate:
Comp Rate:
Max LVR:
6.44% p.a.+
6.46% p.a.*
90%
IO
Variable Investor Home Loan (with Offset)
Interest Rate:
Comp Rate:
Max LVR:
6.84% p.a.+
6.86% p.a.*
90%
Up to 30 years loan term
Available for refinance or purchase
Unlimited additional repayments
Frequency
Weekly, monthly or fortnightly
Estimated repayments
$3,043 per month#
The monthly repayment estimate is based on a $500,000 loan over 30 years at 6.14% 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...
"We found that loans.com.au still had a very competitive rate and we were happy with the service"
Laura
Home loan customers
Meet the team who’ll start saving you thousands
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 start saving with your new loan rate, and get your keys to your new dream home!
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?
