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Offset Variable Rate


Offset Variable Rate


With no fees, you will get the most from this home loan. Plus you can borrow up to 99.9% LVR!


 Loan Purpose  Loan Amount  Rate (pa)  Comp. Rate (pa)
 Owner Occupying   $150k - $499k  4.34%  4.34%
 $500k and over   4.24%  4.24%
 Investment      $150k - $499k  4.69%  4.69%
$500k and over  4.59%  4.59%



Key Facts

Nil application fee

Nil valuation fee

Nil on-going fee

Max LVR 99.9% with LMI

100% offset account, free of charge


Main Features

Multiple splits linked with individual offset account

Unlimited additional repayment

Unlimited redraw

$100 free monthly transaction allowance for ATM/EFTPOS




Variable interest rate changes throughout loan term with market. Most of home loans in Australia are variable.

Variable rate loan borrowers expose themselves to market interest rate changes. When interest rate is in downward trend, borrowers of variable rate loan will enjoy lower rate, while pay more interest when rate is moving upwards. Variable rate is generally more flexible than fixed rates, such as unlimited repayment and redraws. Some variable rate loans also have additional features such as offset account.

Generally speaking, you can consider variable rate if you need flexibility of the loan, such as additional repayment and redraw. And if selling the property in near future is in your mind, you may need to use variable rate.

Choosing a loan that is right for you can be complicated. Let our lending manager help you make a good decision.

A 100% offset account is a transactional banking account which is linked to your loan account. When banks charge interest on your loan, they firstly deduct the balance in your offset account from your loan balance and calculate the interest based on the net balance at the current interest rate. 

For example, you use offset as saving account, accumulating your savings as well using it for daily transactions. if your current loan balance is $400,000, while you have balance of $40,000 in credit in offset account. Bank will charge you interest over $360,000, not $400,000. You pay 10% less interest. Because offset account is transactional, you can use it like any bank account, for ATM, EFTPOS and Bpay etc, while its balance reduceds your interest cost.

Offset account doesn't earn interest for you (so you don't pay tax). It reduces your home loan interest at the same interest rate.

If you make additional repayments on top of regular repayment, you accumulate redraw credit in your loan account. When required, you can take the money in loan account up to this redraw credit amount. This is redraw. 

Redrawing money from loan account is usually transfer money from loan account to your nominated bank account, through online banking. 

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Comparison rates are culculated based on loan amount $150,000 over 25 year term. They may not truly reflect your situation. Contact us to find out the true borrowing cost for for your requirements.