Money sitting in your everyday account could be quietly working harder for you. Our offset account savings calculator shows how much interest and time an offset account could save you, without you having to pay a cent extra.
Enter your loan amount, interest rate, and remaining term, along with how much you typically keep sitting in your offset account. The offset account calculator uses that offset balance to reduce the amount you’re charged interest on, then works out two things: how much interest you’d save over the life of the loan, and how much sooner you’d pay it off.
It’s the same maths a lender would use, just run against your own numbers first. That way, you can see whether an offset account is worth prioritising before you choose or switch a loan.
It’s a tool that shows how much interest and time you could save on your home loan by keeping money in a linked offset account. The estimate is based on your own loan details.
Extra repayments go straight onto your loan and can be harder to access again. Money in an offset account stays fully available; you can spend or withdraw it any time, while it still reduces your interest.
A 100% offset reduces your interest by the full amount sitting in the account. A partial offset only counts a portion of the balance. That means less interest saved than a full offset, even with the same amount sitting in the account.
No, offset accounts are more common on variable-rate loans, and less common (or only partial) on fixed-rate loans. It’s worth checking before assuming your loan has one.
Sometimes. Some lenders charge an ongoing account fee for offset access, so it’s worth checking whether the interest saved outweighs the fee.
No, it can go up and down as you use the account day to day. Even money that moves in and out regularly still reduces the interest charged while it’s sitting there.
We compare offset account options across 52+ lenders. That way, you can find a loan where the offset feature and the fees attached to it actually work in your favour.
Have a look through our other calculators and see what fits your situation best.
See how much an offset account could save you, then chat with a broker about finding a loan that includes one.
Credit Hub Australia
Join our dynamic team at Credit Hub Australia as a Finance/Mortgage Broker in our conveniently located Point Cook office, close to the freeway and train station, with free parking available.
In this role, you will be responsible for providing personalised mortgage solutions to our valued clients and also managing your colleagues by co-ordinating the allocation of files and general day to day running of the broker team. With a focus on delivering exceptional customer service, you will guide clients through the entire mortgage process, from initial application to final approval.
“Position is for Mortgage broker on commission/contract basis.”
Sales, cold calling, and networking come naturally to you. You thrive on engaging with prospective clients to understand their unique financial needs and goals.
You will act on leads and existing database as provided and generate sales and ongoing relations.
Actively participate in team meetings and contribute to the overall success of the business
You are an existing broker with proven experience in Mortgage Broking or lending abilities, or in a similar financial services role looking to take your career further with a successful Mortgage house.
In-depth knowledge of the Australian mortgage market, including products, policies, and regulatory requirements.
Excellent communication and interpersonal skills, with the ability to build lasting relationships and earn client trust.
A strong commitment to delivering outstanding customer service and consistently exceeding client expectations.
Self-motivated and capable of working independently, while also thriving in a collaborative team environment.
Relevant industry qualifications, such as a Certificate IV in Finance and Mortgage Broking.
Ability to manage multiple tasks, stay organized, and work reliably without supervision.
A results-driven mindset with a strong sales focus, coupled with exceptional work ethic, time management, and multitasking abilities.
At Credit Hub Australia, we are committed to providing our team with a supportive and rewarding work environment. Some of the key benefits of joining our team include:
Credit Hub Australia is a leading provider of mortgage and finance solutions, with a strong presence in the Point Cook in the Western Suburb of Melbourne and surrounding areas. Our mission is to empower our clients to achieve their financial goals by delivering personalised, expert advice and exceptional customer service. We are a dynamic and growing team, driven by a passion for helping our clients and making a positive impact on our local community. We are with Finsure as an agrregator Group.
If you’re ready to take the next step in your career as a Mortgage Broker, apply now to join our team at Credit Hub Australia.
