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See how much interest an offset account could save you — and how many years it could take off your loan — then get a free, no-obligation review from our brokers.
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This is a guide estimate assuming your offset balance stays constant. Want to know if an offset loan actually suits your situation — free, no obligation?
Guide estimate only. Assumes principal & interest repayments at a fixed rate for the full term, and that your offset balance (plus any extra monthly deposit) stays constant for the life of the loan — actual savings vary if your balance or deposits change, and this doesn't account for offset account fees. Does not constitute financial advice.
A savings figure is the start of the conversation, not the end of it. Here's what happens next.
See why clients work with us →"We refinanced with Sam's help and saved over $400 per month. The whole process was seamless — Sam explained every option clearly and never pushed us toward anything that wasn't right for us."
"Sam talked us through fixed vs variable before we locked in our rate — six months later when rates moved, we were relieved we'd asked the right questions instead of guessing."
An offset account is a linked transaction account. The balance sitting in it is subtracted from your loan balance before interest is calculated — so $50,000 in offset against a $600,000 loan means you only pay interest on $550,000. Unlike extra repayments, the money stays fully accessible.
This calculator assumes your offset balance stays constant for the full loan term, which is unrealistic — in practice it moves up and down with your everyday spending and savings. It also doesn't account for any extra fees some lenders charge for offset facilities, or the fact that offset accounts are usually only available on variable-rate loans. It's a starting point, not a loan contract.
Mathematically they can produce similar interest savings, but an offset keeps your cash accessible — extra repayments are usually locked into the loan unless your product has redraw. Which is right depends on your cash flow, whether you're self-employed, and how disciplined you want your savings to be. That's exactly what a 15-minute call with Sam is for.
No — offset accounts are typically only available on variable-rate loans, and often only on packaged products that may carry an annual fee. Some lenders offer partial offset on fixed loans too. We compare 20+ lenders to find one with a genuine 100% offset that matches your situation.