offset loans

An Offset Loan can be a great way to get your home loan to work for you.

It is a great option for those who are great savers looking for ways to save interest on their home loan.

What is an Offset Loan?


An offset loan is a type of home loan that links your savings or transactional account to your loan, reducing the amount of interest you pay on your loan. The balance in your linked accounts is "offset" against your loan, meaning you only pay interest on the difference between the two.


An advantage of an offset loan is that it allows you to reduce the amount you pay in interest on your home loan while still having access to your savings for everyday use. This can shorten the term of your loan, helping you pay down the debt faster. Additionally, offset loans provide flexibility, as you can continue to access your savings or make additional deposits, while benefiting from saving on interest. They are recommended for those who are good savers and have the ability to save while paying down their home loan.

To fully understand what may be best for your situation when it comes to structuring your loan, we recommend speaking with a mortgage advisor who can provide expert advice tailored to your situation.

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