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This helps us match the best loan for your scenario
You can select more than one
An offset account is a transaction account linked to your loan. You can put additional money in this account to offset what you owe on the loan, this reduces the amount of interest you pay on the loan overall. You can still access your funds at any time.
A home loan with a redraw facility allows you to withdraw any extra money you've repaid. This means that if you ever make additional repayments on your loan, you can withdraw that money when you need it. Using extra savings to pay off your loan will reduce the monthly interest owing on your account, as it is calculated off the remainder of your loan.
We define the minimum features for a mobile app to include:
- the ability to check your balance
- transfer funds functionality