100% offset loans may help you to decrease the amount of interest you pay on your home loan. Simply by depositing your salary into your offset account you will immediately decrease the amount of interest you pay.
How does it work?
The balance of your offset account essentially decreases your loan balance. The more money you have in your offset account, the lower your loan account balance (that your interest repayment calculation is based on) will be.
How to make your offset account work for you!
- Have a salary / income deposited into the offset account
- Transact on your offset account with your debit card (i.e. ATM, EFTPOS, giroPost & BPAY)
- Repayments are made from the offset account to loan ccount
- You can redraw from your loan account to offset account if required
- Please ensure that you have sufficient funds in this account for loan repayments
Additional benefits of the offset account:
- 100% offset - even with fixed rates
- Lo Doc, Go Between and Construction loans available
- Fully featured home loan
- No account keeping fees
- Fully transactional
- Split loans available
- No minimum offset balance
An Auspak mortgage consultant can help identify which loan is right for you. Book an appointment