💡 Even a 0.5% rate reduction on a $600k loan typically saves $50,000+ in interest over 30 years.

26 half-payments per year = 13 full monthly payments instead of 12. That hidden extra month quietly eats your principal year after year.

💡 Best for people paid fortnightly — your repayment aligns with your pay cycle automatically.

52 quarter-payments per year = 13 full monthly payments — same annual benefit as fortnightly, but principal reduces 4× per month instead of 2×, saving marginally more interest through faster compounding reduction.

💡 Best for people paid weekly — and gives a very slight edge over fortnightly due to more frequent principal reduction. Cannot be combined with fortnightly.

💡 Every extra dollar goes straight to principal — saving you interest for the remaining life of the loan.

💡 The offset sits in a separate account — your money, fully accessible any time. Interest is charged only on (Loan Balance − Offset Balance). Park your salary here and sweep for bills to maximise the daily benefit.

💡 Redraw money is paid into your loan, directly reducing your balance. Unlike an offset account, accessing redrawn funds re-adds that amount to your loan. Some lenders charge a redraw fee and may restrict access — check your product terms.

💡 A $20,000 lump sum in year 1 can save 2–3× that amount in interest over the life of the loan.

💡 Fixed rates offer repayment certainty but extra repayments are often restricted. This comparison uses the same outstanding balance for both scenarios.