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Offset account

Save interest on your home loan.

What is an offset account?

An offset account is used to reduce (or offset) the amount of interest you pay on your home loan. It’s a transaction account that is linked to your home loan. You can make deposits or withdrawals just as you would with an everyday transaction account.

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What is an offset account?

If you have a $600,000 variable rate loan without an offset account you would pay interest on the full $600,000. If you have $50,000 in a linked offset account, you would only pay interest on $550,000.


  • Save interest on your home loan
  • All the flexibility of a transaction account
  • Multiple offset accounts are available to help you manage your funds16
  • No minimum balance
  • No fees are required for offset accounts
  • Full offset available on both fixed and variable home loans with our Complete Home Loan
  • Full offset available on variable, partial offset17 available on fixed with our Express Home Loan

Home loans with an offset account

Reduce the amount of interest you pay. Check out our home loans with an offset account.

Calculate your savings

Use our repayment calculator to see how an offset account can help you save.* Click the Extra repayments button to add in an offset account amount so you can calculate the interest and time saved.


Use your offset account as an everyday transaction account

  • Unlimited EFTPOS, e-banking transactions or cash transactions at Bendigo ATMs or branches within Australia.
  • No monthly service fee.
  • Pay with your mobile using Apple Pay, Google PayTM and other Digital Wallets.
  • Keep your money secure with our 24/7 fraud monitoring.

Things you should know

1 Important information about comparison rate: The comparison rate displayed is calculated for a loan of $150,000 over 25 years. If the comparison rate relates to a loan with a fixed interest rate, the comparison rate has been calculated on the basis that our current applicable variable rate will apply at the end of the fixed rate period. WARNING: The comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. 

For Bendigo Complete Fixed Rate Home Loan the comparison rate assumes a variable rate with Loan to Value Ratio (LVR) between 60.01%-80% will apply at the end of the fixed rate period. 

16 Full offset facility is available for Bendigo Complete Home Loan for both fixed and variable loans. Offset facility can only be linked to one loan at any one time. A maximum of 6 offset facilities can be linked per loan account. Linked offset facility must be in same customer name/number.

17 A partial offset of 1.89% p.a enables you to pay a reduced interest rate on the ‘offset’ part of your loan.
All lending interest rates are subject to change. Rates are for new business and may differ for existing customers. Fees and Charges may be applicable and can be found in the Lending Fees and Charges Guide.

*The results are a guide only. They are not a quote, credit approval or offer of credit. The results are not advice on how much you can or should borrow, which product you should choose, the product features or options, or about making extra payments. You should speak to us or obtain professional advice about a loan that meets your requirements and objectives. The offset account is not available for all loan products. There are restrictions and/or certain fees payable for additional payments for some products e.g. during the fixed term of a loan. The results assume regular scheduled payments and that the interest rate does not change, and do not include any discount period. Interest rates are subject to change except during a fixed rate period. The rates and repayment amounts do not include any monthly service fees or lenders mortgage insurance if applicable. For the Bendigo Complete Loan the variable interest rates displayed are based on Loan to Value Ratio (LVR) calculated using your LVR at the date we document your loan contract. Bendigo Express available via online application only. Click here for more information.

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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.

Bendigo and Adelaide Bank Limited, ABN 11 068 049 178 AFSL / Australian Credit Licence 237879. 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.

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