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What's the difference between offset

By the resi financial blog team, 03 November 2014

What is the difference between offset and redraw

Home loans come with many facilities and two of the most common are redraw and offset.

Both these facilities let you use any extra cash to reduce your loan balance, while allowing you to access that money later if needed. However, there are some fundamental differences in the way they operate.


While a redraw facility lets you make additional deposits into your mortgage account – and then withdraw the extra funds if you need them – in some cases there is a minimum amount you can take out. Although rare, you ...

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