03/06/2026
OFFSET ACCOUNT vs REDRAW FACILITY — what’s the difference? 🏡
Both features may help you manage your home loan differently and potentially reduce interest costs over time, depending on your circumstances and lender product.
✔️ Offset Account
A separate transaction account linked to your home loan, where the balance may reduce the amount of interest charged on your loan.
✔️ Redraw Facility
Allows you to access additional repayments made into your home loan, subject to lender terms and availability.
The right option depends on your financial goals, spending habits and loan structure. Understanding how each feature works can help you make informed decisions about your lending options.
If you would like personalised assistance exploring suitable home loan features and options, feel free to get in touch.
For more information and Broker Assistance, contact us at
☎️ 0416 216 926
📩 [email protected]
or you can also visit us at https://www.wedofinance.com.au/
Licensing: Credit Representative 499983 is authorised under Australian Credit Licence 389328.
Disclaimer: Your full financial situation would need to be reviewed prior to acceptance of any offer or product. Lending criteria apply. Terms, conditions, and fees may apply. This information is general in nature and does not take into account your personal objectives, financial situation, or needs. Please consider whether it is appropriate for you before making any decisions.
General information only and does not consider your personal objectives, financial situation or needs. Lending criteria, fees, charges and terms and conditions apply.