A common misconception: money in your offset doesn’t lower your monthly repayment. What it does do is reduce the interest you’re charged - so more of your repayment goes straight to principal. That’s how you cut years off a 30-year loan without changing the repayment amount. Because interest is calculated daily, even having money in your offset for one day makes a difference. If you want to structure your loan to pay it off faster without increasing repayments, we can show you how to use your of

Want your holiday fund to help you pay less on your home loan? 🌴 With an offset account, any money you have in savings, for holidays, school fees, or a rainy day, can reduce the interest you pay on your mortgage. Bendigo Bank team member, Sierra, explains how you can make your money work harder for you. Learn more on our Bendigo Bank blog: https://www.bendigobank.com.au/blog/home/3-benefits-of-an-offset-account/ | Bendigo Bank