Click Loans Offset Loan

Features

The Click Loans Offset Home Loan gives borrowers control over the management of their loan with a range of features designed to provide payment flexibility.

Borrowers have access to a 100 per cent offset account to enable them to offset the amount of interest owed on their loan through a savings function.

The loan offers further control over interest payments, with interest-only payment options, which may appeal to investors.

Extra repayments are also available, with no cap on the amount that can be contributed annually.

If the borrower founds they need extra cash, the redraw facility allows them to withdraw payments they have made.

Borrowers also have the option of flexible repayments, which can be made weekly, fortnightly, or monthly – though some of these options may not be available, depending on the specific circumstances of a given loan.

Who is the Click Loans Offset Loan good for?

The Offset Loan from Click Loans suit borrowers looking freedom and flexibility around their repayments and interest. The variable rate of interest, combined with interest-only payments, and an offset savings account allows borrowers adjust to income and market changes easily.

The variety of repayment options and redraw facility are an additional bonus. Refinancers may appreciate the flexibility, while investors may be attracted to the interest-only repayment option. 

Review - What RateCity says

The Offset Loan offered by Click Loans is a moderate variable interest rate loan with a variety of features. It charges some modest ongoing fees in exchange for features like a redraw facility, 100 per cent offset account, interest-only option and flexible repayment schedule. 

Click Loans Offset Loan Options

The Offset Loan from Click Loans provides a range of options designed to suit a number of different needs. To find out more, click on one of the links below. 

Pros
  • 100 per cent offset account.
  • Interest-only payments.
  • Redraw facility.
Cons
  • Ongoing fees.
  • No fixed rate available.
  • Upfront fees.
Eligibility

Australian resident.

Proof of income.

At least 18 years of age.

Minimum deposit.

About Click Loans

Click Loans is an online loan provider that offers home loans to borrowers across Australia. It has received backing from a number of financial institutions but tries to maintain its small business touch.

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