- Extra repayments + redraw services
- Free redraw facility
- Repayments may decrease if RBA cuts rates
- Not available for first home buyer
- Annual fee charged
- Discharge fee at end of loan
- Repayments may increase if RBA raises rates
Interest rate structure
$50k - $500k
Principal & interest
Loan term range
0 - 30 years
Unlimited extra repayments
Redraw fee: $0
Allows split interest
Investors, Self-Managed Super Funds
ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Estimated upfront fees
Minimum SMSF Amount
Offset available with 0.1% loading on rate
Compare and review home loans with similar features
Rate Chaser Home Loans is an online mortgage broker and comparison site that also offers its own home loan products. As part of the My Local Group based in South Melbourne, which also includes My Local Broker, My Local Aggregation, My Local Co Space, and Chief, Rate Chaser can look at the home loan market on your behalf, and recommend mortgage options that could potentially match your financial situation.
As an online-only business, Rate Chaser has no branches to visit, but the loans it offers and recommends can be accessed Australia-wide.
The difference between an offset and redraw account is that an offset account is intended to work as a transaction account that can be accessed whenever you need. A redraw facility on the other hand is more like an “emergency fund” of money that you can draw on if needed but isn’t used for everyday expenses.