variable rate from
2.49%PA
comparison rate from
2.67%PA
Offset Home Loan
Pay less interest with our 100% offset home loan. The balance used for the calculation of interest on your loan account will be reduced by the balance of your linked offset home loan savings account. For example, you may have a home loan of $500,000 and have $5,000 in your offset account, which means you will only be charged interest on the balance of $495,000.
- Offset account - 100% of savings account balance is offset against loan balance on a daily basis, before loan interest is calculated - so you only pay interest on the net amount
- Reduce the amount of interest payable under a linked loan account so that the loan is repaid sooner
- Transactional account to conveniently manage funds and facilitate payments
- No minimum deposit
- Funds are at call
- Available for construction loans and loans supported by Guarantors
- Fast loan approval and speedy document preparation, so you can move quickly with your property purchase
- Pre-approval available - have your loan approval ready before negotiation the purchase of your new property
- Additional and lump-sum repayments possible
- Redraws allowed
- Fees may be payable - see schedule of fees charges and transaction limits
Use our offset calculator to see how much interest you could save.
Have one of our lending specialists get in touch.
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Home Loan Guide
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Tools and Calculators
Crunch the numbers with our calculators.
Offer available for a limited time only. Principal and interest repayments only. Minimum loan amount $150,000. Maximum LVR 80%. Available only for new loans to Summerland and loan must be funded within 3 months of approval date. Lending criteria apply. Terms, conditions, fees and charges apply. All information is correct as at 01/09/21 and is subject to change. Comparison rate calculated on a $150,000 secured loan over a 25 year term. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
