Loan Initiatives FAQ
Below we have a list of most frequently asked questions and answers. Click on a question below to reveal answers, if you still have questions contact us here.
An offset account is usually an everyday banking account that is linked to your home loan. The bank takes into consideration your offset account balance and this offsets your home loan balance.
Eg. if you have a home loan for $300,000 and an offset account balance of $30,000 you would only be paying interest on the difference of $270,000