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Offset Loan

Offset Loan

A 100% offset loan is very similar to an all-in-one loan. Rather than putting all your salary and other income into your loan, it goes into an offset account that is directly linked to your home loan. Any balance in the offset account is 100% ‘offset’ against your home loan. This reduces the amount of interest you have to repay, making your money work harder for you.

Advantages & Disadvantages

Advantages

  • Can save you a substantial amount of interest if used correctly.
  • Operates like a normal transaction account and has a chequebook, ATM card, etc. attached.
  • Sound strategy to set up for future investment purposes
  • Allows you to pay more principal and less interest on your home loan to expedite repayment.

Disadvantages

  • May have higher monthly fees attached to the account.
  • May require a minimum balance in the account
Next steps
  • Contact us to discuss your initial thoughts and requirements.
  • Complete our finance application form covering the purpose for seeking credit and the amounts of credit sought
  • We will then contact you to arrange an initial consultation, to agree the basic information required and the process for completing such
  • Once that has been compiled we will review it and then provide a written strategy for you to consider.
  • If you’d like to proceed, we will then work with you on a formal loan application process.

Complimentary obligation free consultation

Discuss your specific needs & formulate the right strategy for you.
Get in touch to organise your complimentary 60min session today!

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What’s involved in obtaining a loan through Intuitive?

Process begins

Step 1

1 hour initial meet to establish financial and lifestyle goals, discuss fact find document and agree timeline for return of such

Step 2

Submission of fact find

Step 3

Within 5 days of completion of fact find – written strategy submitted to you

Step 4

Within 2 days of agreement to proceed – documents lodged with Institution

Step 5

Within 1 to 3 days of lodgement expect conditional approval

Step 6

Within 2 to 4 days after conditional approval expect unconditional (full) approval

Step 7

Within 2 to 5 days after unconditional approval, expect loan documents to arrive

Step 8

Within 3 to 5 days of signed Loan Documents submitted, expect Loan settlement
Process ends
Total process generally takes between 4 and 8 weeks
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