An offset facility works by taking the daily balance of your nominated transaction account and offsetting it against the outstanding balance on your loan, effectively reducing the amount of interest charged.

If you have an eligible IMB home loan account you may link an offset facility to it. Offsetting your home loan can save you thousands in interest over the life of your loan.

IMB offers 100% offset facilities on eligible loan accounts which means you will see the full benefit in interest saved.

If you would like to discuss how an offset facility could benefit you, please call IMB direct on 133 462 to speak to a home loan specialist or visit your local branch.

We're here to help

iconEnquire OnlineiconVisit a BranchiconCall 133 462

Frequently Asked Questions

What is a redraw facility? How is interest calculated on my loan?

How does an offset facility work? The difference between an offset and redraw

How to switch between fixed and variable rates? When is my loan repayment due?

View all

_{Normal IMB lending criteria, terms and conditions, fees and charges apply.The advice on this website has been prepared without taking account of your objectives, financial situation or needs. Before you act on this advice you should consider the appropriateness of this advice in regard to your objectives, financial situation and needs. You should consider the relevant Terms and Conditions or Product Disclosure Statement before deciding whether to acquire any of the products shown on this website.}