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Low variable rates
Take advantage of competitive variable rates that move with the market, helping you save on interest over the life of your loan.
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100% offset account
Reduce the interest you pay by linking an offset account, where every dollar saved works to lower your loan balance.
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Unlimited free redraw
Access any extra repayments you've made whenever you need them, with no limits and no fees.
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No monthly account keeping fees
Keep more money in your pocket with zero monthly account keeping fees — because you shouldn't pay just to have a home loan.
Owner‑Occupied Variable Offset Home Loan
Reduce your home loan interest while staying in control of your everyday finances
An owner‑occupied variable offset home loan is designed to help you reduce the interest you pay on your mortgage while continuing to access your money for everyday use. By linking your home loan to an everyday transaction account, the balance in that account is offset against your loan, lowering the amount of interest charged.
MoveBank’s Owner‑Occupied Variable Offset Home Loan combines flexibility with practical features, allowing you to manage your day‑to‑day finances while potentially reducing interest over the life of your loan.
Estimating your savings and repayments
Understanding how an offset account may impact your home loan is an important part of the decision process.
Home loan calculators can help you estimate:
- The effect of your offset balance on interest payable
- How quickly your loan balance may reduce over time
- The difference between offset and non‑offset scenarios
Results are indicative only and do not constitute a loan offer or approval.
Let's help you crunch the numbers
Offset account vs redraw facility
Offset accounts and redraw facilities can both help reduce interest, but they work in different ways.
An offset account is a separate transaction account linked to your MoveBank home loan. You can access funds at any time, just like a regular bank account.
A redraw facility allows you to access extra repayments you have made on your loan above the minimum required amount. These funds are held within the loan rather than in a separate account.
Both options may reduce interest, but an offset account is often preferred by borrowers who want to keep their savings readily accessible.
Who an offset home loan may suit
MoveBank’s Owner‑Occupied Variable Offset Home Loan may suit:
- Home buyers purchasing a property to live in
- Existing homeowners refinancing an owner‑occupied loan
- Borrowers who want to reduce interest while maintaining access to their funds
- Individuals who actively use transaction accounts for everyday banking
As with any financial product, it’s important to consider whether this loan aligns with your individual needs and financial situation.
How to apply
You can apply for a MoveBank Owner‑Occupied Variable Offset Home Loan online or speak with a lending specialist to explore your options.
Your application will be assessed based on your financial position, including income, expenses and lending criteria. You may be required to provide documentation such as proof of income, identification and details of your financial situation.
This information is general in nature and does not take into account your objectives, financial situation or needs. You should consider whether an Owner‑Occupied Variable Offset Home Loan is suitable for you before making a decision.