An offset account is a savings account attached to your loan account.
An offset account is a savings account attached to your loan account.
Money in this account is offset against the loan amount thereby reducing interest payable. Significant savings are made by reducing compound interest with the use of these accounts.
Other advantages of an offset account include being able to pay off your home loan faster than the repayment schedule demands and being able to redraw money if the need arises.
If you have any questions regarding your finances please send us an email and we will contact you shortly. Or please call 03 8358 2213 for assistance.
Contact Info
10 / 399 Melton Highway, Taylors Lakes VIC 3038 |
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03 8358 2213 | |