Home Loan Offset Repayment Calculator - Finance Calculators
The Home Loan Offset Repayment Calculator provides you with a snapshot of the effect when monies sit in a 100% offset account.
The Home Loan Offset Repayment Calculator will calculate the estimated amount of interest that your clients may be able to save on their home loan by depositing funds into an offset account. The Offset Repayment calculator also shows how much interest is saved over a certain period, and further shows your clients how long it will approximately take to pay off their home loan.
An offset account is a separate savings account where the balance is offset daily against the loan amount.
There are a number of advantages when setting up a 100% offset account for your clients:
- The Offset account can be used like an everyday bank account with access to an ATM card or cheque book.
- Savings in the offset account reduces the interest paid and the term of your clients home loan
- Interest savings on the 100% offset account are not taxed. Under current legislation income tax is not payable because you earn no interest from the credit funds in the offset account as the benefits flow straight through to interest savings on your linked loan.
- Some lenders also offer 100% offset accounts for fixed rate loans
- Your clients can have their salary, rent etc paid into their offset account and funds can be accessed anytime. This flexibility lets your clients access cash daily with unlimited free withdrawals.
Simply enter the following and let the calculator do the rest for you: 1. The home loan amount. 2. Your 100% offset account balance. 3. Loan period 4. indicative interest rate. and 5. Your clients preferred payment frequency.
Our Home Loan Offset Repayment Calculator is serviced regularly ensuring that you provide your clients with up to date information. You need not do anything else after our link is placed on your Website as all changes are automatic.
The Home Loan Offset Repayment Calculator is offered at an averaged affordable price of $11.00 per month. Or you can package and add this calculator to the Specials offered within our website!
There are 2 Payment Options available under our current Lease Agreement:
- Option 1: 6 monthly Payments
- Option 2: yearly Payments
Please visit our Contact Us page to enquiry further on our ongoing special. Feel free in asking for further deals on our current special offers.
As information is uploaded daily, we invite you to book mark our site for future reference.
The information provided to you in the Home Loan Offset Repayment Calculator does not constitute “personal advice” for any purpose. The Home Loan Offset Repayment Calculator is provided to you as an information service only and it should not be relied upon as a substitute for financial, home loan or other professional advice. The information does not take the investment objectives, financial situation and particular needs of any particular person into account. It is not to be construed as financial advice or a recommendation of any financial products, including home loans. Before making an investment or home loan decision on the basis of the information provided by the Home Loan Offset Repayment Calculator, you need to consider whether the information is appropriate in light of your particular investment or home loan needs. The Home Loan Offset Repayment Calculator has been developed by AFC Online. AFC Online is responsible for maintaining and updating the Home Loan Offset Repayment Calculator. For any further enquiries you can contact us directly and one of our customer care consultants will be more than happy to assist you.