Mortgage offset

An offset account works like a regular savings account.

Link a mortgage offset facility to your CUA savings account and 'offset' the account's balance against your CUA home loan for the purpose of calculating interest on your loan. 

Here's an example of how it works:

Loan amount: $100,000

CUA account balance (with mortgage offset): $10,000

Interest will be charged on the loan amount minus the balance in your CUA nominated account (offset account). In effect, your home loan is only charged interest on a balance of $90,000.

To find out how much money you could save with a mortgage offset account, take a look at our online calculator.

This facility is available for free on the following CUA home loans:

• Premium Fixed
• Standard Variable 
• Discount Variable 
• 1 Year Introductory Variable

With CUA's mortgage offset facility you can...

• Reduce the term of your loan, and
• Save on the amount of interest you pay on your home loan

If you want to pay off your mortgage sooner, a home loan with an offset facility can be a quick and simple option.