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Offset Account Calculator
See how an offset account could reduce your interest charges and shorten your loan term.
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Extra Repayment Calculator
See how extra repayments could reduce your loan term and save you interest.
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Find out how much you could borrow for a home based on your financial situation.
Use CalculatorFrequently Asked Questions (FAQs):
Offsets accounts explained
What is an offset account?
An offset account is a transaction account linked to your home loan. The balance in the offset account reduces the loan balance on which interest is calculated, saving you money each day.
Is an offset account better than making extra repayments?
Both reduce your interest. An offset account gives you flexibility, allowing you to withdraw the funds in the future if needed. Extra repayments permanently reduce your balance but may not be as accessible. A broker can advise which suits your situation.
Do all home loans offer offset accounts?
Not all loans include an offset account, and some charge a higher rate or fee for the feature. It is important to weigh the cost of the offset against the interest savings it generates.
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