Offset savings calculator
What a balance in your offset account saves in interest — and how much earlier the loan finishes. Free, no sign-up.
$
% p.a.
years
$
$
Your $80,000 in offset:
- Interest saved
- $214,381
- Loan repaid earlier by
- 4 yr 7 mo
- Monthly repayment (unchanged)
- $3,865.81
Your repayment stays the same — the interest you don't pay goes straight into the principal, which is why the loan finishes early. And because interest you don't pay isn't income, there's no tax on it: money in offset effectively earns 6.00% p.a., tax free.
These figures assume your current rate. See what rate you could be paying →
Estimates only. Not credit assistance. Actual figures depend on your lender's rates, fees and assessment. Interest is typically calculated daily and charged monthly, which may produce slightly different figures.