All Topics / Finance / Low rate, offset on Fixed…. Hmm

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  • Profile photo of BennyBenny
    Moderator
    @benny
    Join Date: 2002
    Post Count: 1,416
    March 24, 2014 - 11:14 pm

    Hi all,

      One of the offers that appeared in my Inbox was this one :-

    4.80% 3 Year Fixed Rate. 0.42% below the 4 Major Banks.

    http://www.sbm21.com/_r/v.cfm?b=1208528&c=29038202

    I've never heard of this group before….  but the 100% Offset against Fixed sounds like it could be useful. 

    Sounded too good to keep to myself….. smiley  

    Benny

    Profile photo of Arun BhutaArun Bhuta
    Participant
    @arun-bhuta
    Join Date: 2014
    Post Count: 41
    March 25, 2014 - 12:05 am

    Hi Benny,

    There are few lenders offering offset account along with fixed interest rates. This allows you to lower your total interest paid reduce at the same time it is great as it allows you deduct full interest you might have paid if there was no offset account. Best is you can use you offset money at any time to invest in another investment loan.

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    March 25, 2014 - 1:41 am

    Benny yes there are a few lenders offering fixed rate loans with 100% offset.

    One in particular offers a credit card at home loan rates over and above their standard lvr.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

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