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Offset Account

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Mortgage Offset Account

Our Mortgage Offset Account may be the perfect accompaniment to your home or investment loan. 

The credit balance of your transaction account is offset daily against your outstanding loan balance, reducing the interest payable on that loan. This enables you to make the most of your income (and other funds) to reduce the interest payable on your home loan, potentially reducing your loan term and saving you thousands in interest over the life of your home loan.

For eg:

Savings Balance Daily Loan Balance Remaining Balance Reduced Balance
10,000 100,000 90,000 10,000

 10,000 * 0% + 90,000 * 7% = $17.26 interest charge for one day.


  • 100% offset against your eligible South West Credit loan balance
  • Access to your offset funds 24/7
  • No mimimum balance for the offset benefit to apply

Account Access:

Our Mortgage Offset Account can be accessed 24 hours a day, 7 days a week via our secure easyNet Internet Banking.

Special Account Requirements:

The Mortgage Offset Account is available only on our Premium Home Loan & Premier Plus Home Loan packages.

More Information:

To find out more about how our Mortgage Offset Facility can work for you, contact one of our friendly staff on (03) 5560 3900 or Apply


If you have any questions Contact Us