Home Loan Offset Calculator
Calculate how much you could save over time by using a redraw offset facility to pay off your home loan faster. A redraw offset facility can help you pay less interest on your home loan and in turn, pay it off faster. Instead of paying interest on your full loan amount, you’ll only have to pay interest on that part of it which is left after you subtract away what is in the redraw offset.
Using the home loan offset calculator below is quick and easy. You can use the offset mortgage calculator to:
- See how much sooner you can pay off your loan
- Work out how much interest you can save on your loan.
Just enter your loan amount, interest rate, loan term, repayment frequency and the balance you intend to put in your offset account, this will help you obtain the information about how much you can save during the whole loan period by identifying the count of months by which the loan period will be reduced by after opting for home loan offset feature on your home loan.
Things you should know
Calculator results are a guide only and based on information you input. They should not be considered approval for a loan. To find out exact amounts, speak to us
Fees and charges apply. Repayment amounts and total interest calculations don’t include fees and charges that may be charged to your loan – for example, Lenders’ Mortgage Insurance, the annual package fee for our Complete Home Loan Package, monthly service fees or stamp duty. Any additional fees or charges will add to the cost of the loan and your repayments.
Terms and conditions apply to all loan options. Interest rates used are current reference rates and subject to change. Default figures and assumptions are also subject to change. Applications for a home loan are subject to credit approval, satisfactory security, and minimum deposit requirements. Full terms and conditions will be set out in our loan offer if an offer is made.