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Enjoy the benefits of a 100% offset account and the comfort of knowing exactly what your repayments will be. Suitable for first home buyers, investors, refinancing and bridging finance. 

Key features

Offset account

100% offset account with Visa Debit card.


It’s free to redraw online or via our app (min $1).


Choose a fixed interest rate period between 1 – 5 years.

What you’ll need:

  • The amount you’d like to borrow (our borrowing calculator can help)
  • Your assets, including estimated values
  • Your liabilities, including credit limits
  • Your gross income
  • The approximate value of any property offered as security
  • Your deposit amount
  • The equity you have in your home.


Choose between Principal and Interest or Interest Only.

Make extra repayments without penalty, up to $20,000 per year.


View our short video to learn more about our loan products and features.

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Offset home loan
What's a 100% offset account?

Banking made simple. 100% Offset

At Adelaide bank we think you should be given every opportunity to help pay off your home loan sooner. Offering one hundred percent offset, one hundred percent of the time on our fixed and variable home loans is just one way we can help make that happen. You see not all offset accounts have a 100-percent offset feature and many offset accounts aren’t one hundred percent on a fixed loan, ours are. A one hundred percent offset account can potentially save thousands of dollars and years off a home loan. Here's how it works, say your mortgage is 400 thousand dollars and you have 20 thousand dollars savings in your offset account, with one hundred percent offset you are only paying interest on 380 thousand dollars. Wondering how much this could save you? Based on a three percent interest rate over thirty years, you could save over twenty-seven thousand dollars. You can use your offset in much the same way you'd operate an everyday transaction account. Every day every dollar that's in your offset is reducing your monthly interest, one hundred percent of the time. Doing what's best for our customers is how we've managed to stay in business for over 150 years. It's personal.

Adelaide Bank a Division of Bendigo and Adelaide Bank Limited, ABN 11 068 049 178. Australian Credit Licence 237879 Information correct as at 8 February 2021 and is subject to change. Adelaide Bank lending criteria, terms, conditions, fees and charges apply. Full details of terms & conditions available on application. (A1556717-1571552)

Things you should know

^Redraw is not automatic. You must provide consent to have this function set up and must have at least one repayment ahead, before you can redraw any funds so that you will not fall into arrears. For example, if a minimum monthly repayment is $2,500 and you have an ahead balance of $10,000, you can only withdraw $7,500 if this function is set up.

*Rates are based on what repayment you can afford and what your plan for this property is e.g. do you want to fix for 5 years but will sell in 4 years? Fixed rate break costs may apply if you choose to break out of this product type. 

#Repayments can be determined after a conversation with a lender/broker/expert around what the loan purpose is and if you meet the criteria for income/affordability, like any other loan application. 

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Bendigo and Adelaide Bank acknowledges Aboriginal and Torres Strait Islander peoples as the First Peoples of this nation and the Traditional Custodians of the land where we live, learn and work. We pay our respects to Elders past and present as it is their knowledge and experience that holds the key to the success of future generations.

Any advice provided on this website is of a general nature only and does not take into account your personal needs, objectives and financial circumstances. You should consider whether it is appropriate for your situation. Please read the applicable Disclosure Documents before acquiring any product described on this website. Please also review our Financial Services Guide (FSG) before accessing information on this website. Information on this page can change without notice to you.
© Copyright 2023 Bendigo and Adelaide Bank Limited, ABN 11 068 049 178 AFSL / Australian Credit Licence 237879