Top home loans with an offset account to help you save

The Offset Variable 80 was an obvious standout in last year’s Mozo Experts Choice Awards, winning in the Investor Home Loan & Low Cost Home Loan category. Among the features that make it so appealing are its unlimited free redraws, minimal fees, and 3.72% interest rate (3.74% comparison rate*). Loan amounts range from $50,000 to $2,000,000, and you won’t have to pay any upfront fees aside from the valuation and settlement fees.

The Newcastle Permanent Variable Home Loan won big in the 2018 Mozo Experts Choice Awards (Best Packaged Home Loan and Split Home Loan categories), so it should come as no surprise that it features on this list. The interest rate sits at a competitive 3.89% (4.29% comparison rate*) for loans of $150,000 or more, and you’ll be able to borrow up to 90% of the property’s value. In keeping with the theme of flexibility, you also have the option to split the loan between a fixed and variable amount if interest rate changes leave you feeling skittish. Just remember, there’s a yearly service fee of $395.

True to their name, Beyond Bank continues to exceed expectations with their Low Rate Variable Home Loan, proving they’re a major contender in the home loan game. They offer a low 3.79% interest rate (3.79% comparison rate*), making this one of the more attractive deals around. And best of all, there are no fees besides the $350 discharge fee, which is pennies compared to the money you’ll save overall.

If you’re not ready to make the jump to a smaller bank, NAB’s Tailored Home Loan Choice Package could be the home loan for you. It offers competitive rates relative to other big banks, comes with a free redraw facility, and allows you to borrow up to 95% of the home’s value. What’s more, you can receive discounts on a number of NAB insurance products by bundling them with your loan.