Offset Loan


With lower than average interest rates, the Offset Loan offers a 100 percent offset with no monthly fees.

The Offset Loan also offers you unlimited free redraws with no minimum withdrawal, plus the option of paying interest-only for five years.

This Offset Loan can be split across both fixed and variable interest rates, giving you the option to lock in a low rate for part of your loan.

The offset account comes with a debit card which allows you to make purchases and cash withdrawals.

Unlimited online account access makes managing your loan and offset accounts easy. While is an online-only lender, there is an online chat function as well as a customer support line.

It is worth noting that interest rates on investment only loans are slightly higher, but both loan options allow you to borrow up to 90 percent of the purchase price.

Who is the Offset Loan good for?

The Offset Loan is a good option for those wanting additional flexibility in their home loan. While investors will pay a slightly higher rate, they may find that this option is more competitive than their current loan.

Review - What RateCity says

The low variable rate, unlimited redraws, zero monthly fees and 100 perfect offset account are appealing to all borrowers. However, the high upfront fees and minimum loan term of 15 years may deter refinancers and the higher interest rates on investment loans may affect investors.

The upfront fees on this loan are noticeably higher than many other lenders. In saying that, there are some noteworthy features to this loan, specifically, the personal lending manager you’re assigned who takes you through your application right through to settlement. Offset Loan Options offer a range of feature-rich offset loans suitable to a wide range of borrowers. Deposit amounts and interest rates vary depending on the type of your loan so click to find out more.

  • No ongoing monthly fees.
  • 100 percent offset account.
  • Split loan available.
  • Maximum loan amount.
  • Higher interest rates for investors.
  • High establishment fee.

Must meet serviceability criteria.

Must provide proof of employment and income.

Must be over 18.

About is a competitive online-only lender which has been operating since 2011. do not have any branches however they do have extensive phone and internet support that runs over extended hours so you can contact them at most times of the day.

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