Offset Home Loans

★ Today’s Lowest Variable Rate
5.93% (6.13%)*
Discount Home Loan
No
Offset Account
Yes
Redraw

Should I Get an Offset Home Loan?

Offset home loans are a popular term people often ask about, usually because someone they know has suggested it. It is important to understand that in some circumstances, an offset loan might not be the best option, as they often attract a higher interest rate or ongoing fees.

In which circumstances are offset home loans a good option? Investors who have additional funds they do not want to deposit directly onto the loan account. Customers who have substantial savings and, either for budgeting, savings or other reasons, do not want to deposit the money directly onto the home loan.

For everyone else, I would compare the cheapest offset home loan with a basic variable rate home loan. Consider the difference in cost between the two loans before making a decision.

Customer Reviews

Peter is an ABSOLUTE legend! He worked tirelessly to help us get our loan. Which was by no stretch of the imagination an easy or straightforward lending situation. But Peter, was helpful and hard working as well as approachable and open minded ect step of the way. He made sure we got the best results and didn’t give up where many other brokers may have done so. We weren’t lending a massive amount but, as he said it’s not the size of the loan that matters it’s the quality of service that ...
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Lloyd Reardon
Outstanding Mortgage Broker – Above and Beyond! Working with Peter at Get a Better Rate has been nothing short of exceptional. From our very first conversation, it was clear that they genuinely cared about finding the best possible mortgage solution for my situation. What truly stood out was their transparency, responsiveness, and deep knowledge of the market. They took the time to explain every step of the process in detail, patiently answered all of my questions (even the ones I thought were...
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Robbie
As a first-home buyer, I had a million questions throughout the process and Peter answered every one and made the purchase as effortless and understandable as possible. From pre-approval to settlement, he was proactive, clear, and secured a competitive rate. Peter guided me through the process, explained what my options were, compared lenders, went above and beyond to help me and I couldn’t recommend Peter and Get A Better Rate more!...
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Jameson Fahy