Ultimate Offset Home Loan

The Ultimate Offset Account is an easy to manage 'all-in-one' home loan and transaction facility specifically designed to help you pay off your home loan sooner by reducing the amount of interest payable.

Put simply, it gives you the ability to credit your salary directly to your account and continually offset your income and savings against your home loan balance. So, for example, if your home loan balance was $100,000 and your transaction facility balance was $10,000, you would only be charged interest on $90,000 potentially saving you thousands of dollars over the life of your loan.

Genuine, low fixed and variable interest rates
No application fee or ongoing account keeping fees
Loans from $50,000
Borrow up to 95% of the property valuation
No fees to fix, split or top up your loan
Free transactional banking
Flexible weekly, fortnightly or monthly repayment options
Free phone and internet banking services
Cheque book option
A personal mobile lender can come to your home or workplace

As easy as 1,2,3

The real surprise was just how much I could save by refinancing, and how quickly and easily Members Equity made it happen. That and the fact I could offset my income and savings against the home loan to help pay off my home faster.
Noel Cunningham, Victoria
(Saving money every month with the help of a Members Equity Ultimate Offset Account)

Combined with the benefits of paying genuinely low interest rates and minimum fees, it is a very attractive proposition. If you wish, you can even have a cheque book linked to your transaction facility.

How do I access my Transaction Facility Funds?

Enjoy free transactional banking via ATM or EFTPOS terminals in Australia, or over the counter at Australia Post Bank@Post™ outlets with the convenience of an Ultimate Offset Account debit card.

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Fees and charges apply. Terms and conditions available on request. Applications are subject to credit approval.