This calculator will show how a linked account with a credit balance can help reduce the interest and time taken to pay off your loan. Interest is charged only on the principal minus the offset amount helping to reduce the interest on each payment. If your account balance is equal to your home loan amount no interest will be charged on your home loan. The greater your offset amount, the greater your interest and term reduction will be.
Disclaimer: Whilst every effort has been made to ensure the accuracy of this calculator, the results should be used as indication only. They are neither a quote nor a pre-qualification for a home loan.