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Home Loan Offset
The Home Loan Offset has been designed to reduce the interest paid on your home loan. It can also help to reduce the taxable income from interest earned on your savings.
 | This loan is linked to an offset savings account |  |
| 100% of the savings balance is offset against the home loan, reducing the balance of the home loan and therefore the interest | |
| No interest is paid on the offset savings account | |
| No transaction fees for the life of your home loan^ | |
| No monthly account keeping fees |
| Key Features | |
| Variable interest rate | View our interest rates |
| Minimum amount | $0 |
| Maximum amount | $1,000,000 |
| Loan period | Up to 30 years |
| Repayments | Monthly / Fortnightly / Weekly |
| Interest charges | Calculated daily, charged monthly |
| Monthly account keeping fees | No |
| Annual fees | No |
| Flexible and lump sum repayments | Yes |
| Split with other loans | Yes |
| Loan repayment insurance available | Yes |
| Early repayments fees | Yes (only within the first 5 years) |
| Establishment fee | $350 |
| Pre-approved $5,000 Visa Credit Card* | Yes |
| Loan top-up facility available | Yes |
| Redraw facility | Yes (Our Banking System will automatically hold 1 (one) repayment in advance) |
| Pre-approval - we can approve your loan in advance | Yes |
| Free mobile lending service** | Yes |
| No transaction fees for the life of your home loan^ | Yes |
More Information
- Read the benefits of our Mobile Mortgage Lending Service
- Read the benefits of our Home Loans
- Need answers? Read our list of FAQs
- Use one of our Loan Calculators to work out what loan is right for you
Apply
Apply for a Home Loan 
Questions?
If you have any questions, please contact us 
*Terms, conditions, fees, charges and credit criteria apply.
**This service is available in metropolitan Sydney, Newcastle and the Hunter region
^The 'no transaction fees' offer only applies to accounts held in the same membership number in which the mortgage is held. This offer is not available to memberships with Commercial Loan accounts. Fees charged by a third party supplier will still be payable. See our Fees and Charges for full details. Excludes any non-value ATM/EFTPOS fees. Fee exemption does not apply to fees and charges applied directly to accounts by other parties or institutions.
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CONTACT US 13 13 61 | DISCLAIMER | PRIVACY POLICY | SECURITY | COMPLAINTS | © 2012 Encompass Credit Union Ltd (ABN 43 087 650 011) (AFSL/ACL 238 426) (BSB 802 184)
Any advice or information on this site does not take into account your personal objectives, financial situation or needs and you should consider whether it is appropriate for you. Please review our Terms and Conditions and Financial Services Guide before acquiring the product.
