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

  • Can save you 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

Complimentary obligation free consultation

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

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

Property Buying Tips And Handy Hints To Successfully Manage Your Finances

Download this handy guide that the team at Intuitive Finance has put together for you.

Menu
Google Rating
4.9