Skip to content

Offset savings calculator

What a balance in your offset account saves in interest — and how much earlier the loan finishes. Free, no sign-up.

How an offset account worksA single bar representing the loan balance. Interest is charged only on the left portion; the right portion, equal to the offset balance, is charged no interest. Repayments stay the same, so the interest not paid goes straight into the principal.Your loan balanceInterest is charged on this partOffset balanceno interest chargedRepayments stay the same — the interest you don’t pay goes straight into the principal.
Interest saved$274,492
Loan repaid earlier by7 years 7 months
Monthly repayment (unchanged)$2,997.75

Your repayment stays the same — the interest you don’t pay goes straight into the principal, which is why the loan finishes early. And interest you don’t pay isn’t income, so there’s no tax on it: money in offset effectively earns your loan rate, tax free.

These figures assume your current rate. See what rate you could be paying →

Talk to us about your situationRepayment calculatorAsset finance calculator

Estimates only. Not credit assistance. Actual repayments depend on your lender’s rates, fees and assessment. Interest is typically calculated daily and charged monthly, which may produce slightly different figures.