Mortgage Offset Account Calculator
Discover the tax-free power of keeping your salary and emergency savings inside a 100% linked mortgage offset account.
Mortgage & Offset Balance
Offset Impact Summary
Amortization Schedule
Interactive breakdown of balance, interest, and prepayment impact
| Period | EMI Paid | Principal Paid | Extra Prepayment | Interest Paid | Total Payment | Remaining Balance |
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Frequently Asked Questions
What is a 100% mortgage offset account?
A mortgage offset account is a standard transaction/savings account linked directly to your home loan. Every dollar you keep in this account is subtracted from your loan principal before the bank calculates daily interest charges.
Why is an offset account better than a high-yield savings account?
Interest earned in a regular savings account is taxable as income. In contrast, interest saved through an offset account provides a 100% tax-free financial benefit equal to your mortgage interest rate (e.g. 6.5%).
Can I withdraw money from my offset account anytime?
Yes! Unlike direct mortgage prepayments which are locked into the home's equity, funds in an offset account remain 100% liquid and accessible via ATM card, debit card, or online bank transfers.