
Home loan features
Every Nano home loan comes with a free offset sub account, flexible payment options, and a mobile app. We offer you one simple account at no extra cost.
One place for all your needs
Offset sub account
Pay your loan down faster by reducing the interest you pay with an offset sub account.
Vaults
Easily budget and plan for the big things in life by tucking money away into vaults within your offset sub account.
Save with a free offset sub account
Your Nano home loan comes with a free 100% offset sub account. The balance in your offset sub account is used to offset the balance of your loan, which then reduces how much interest you pay. Interest is calculated daily and charged monthly so the more you contribute the more you save. Learn more about how you can save.
You can make unlimited payments into your offset sub account up to your loan limit or $1,500,000. You can choose to have your salary deposited into your account by providing your Nano BSB and account number to your employer or set up a direct debit from another account.
Unlike other lenders there are no fees linked to your offset sub account:
- No transaction fees
- No ongoing account fees
- No Visa debit card fees here or overseas (third party ATM charges may apply)
- No exit fees should you pay your loan down sooner.
Plus, we don’t charge a higher rate for home loans with an offset sub account. We offer this feature free to all our customers new and old.
The Nano home loan app shows the available funds in your offset sub account, the interest you save, and how your loan term is reduced by the available funds offset against your loan balance. You can withdraw funds from your offset sub account at any time up to the daily limit.
Your monthly loan repayments will be deducted from your offset sub account. There are a few ways to get funds into your offset sub account; Make an instant payment or set up recurring payments from another account, or have your salary paid directly.
You can use your account to pay any regular household bills or expenses with our flexible payment options including BPAY.
You can also tuck money away into “vaults” within your offset sub account.
Vaults help you separate into buckets the money you have in your offset sub account so you can budget between what you want to spend now or later.
You can have up to 10 vaults, and label them for easy tracking like holiday fund, school fees, or renovation fund. Any money tucked away in vaults still reduces the interest charged on your loan, and you can easily transfer money in and out of vaults from the Nano app.

How our offset compares to other lenders
Nano’s offset | Other lenders | |
---|---|---|
The same interest rate for home loans with an offset |
Nano’s offset
Yes
|
Other lenders
It’s common for lenders to charge a rate higher than their standard rate for a home loan that includes an offset
|
Fee free |
Nano’s offset
Yes
|
Other lenders
Some charge monthly or annual fees that can add up to $11,850 over the life of your loan
|
BSB and account number |
Nano’s offset
Yes
|
Other lenders
Yes
|
Salary crediting |
Nano’s offset
Yes
|
Other lenders
Most
|
Offset recognised for tax purposes |
Nano’s offset
Yes
Speak to an expert about tax advice!
|
Other lenders
Yes
|
Fast payments out |
Nano’s offset
Yes
|
Other lenders
Most
|
Track interest you save in the Nano mobile app |
Nano’s offset
Yes
|
Other lenders
Only some have a mobile app
|
BPAY out |
Nano’s offset
Yes
|
Other lenders
Most
|
Scheduled payments |
Nano’s offset
Yes
Scheduled payments with a BSB & Account number supported. Scheduled payments via BPAY coming soon.
|
Other lenders
Most
|
Visa debit card^ |
Nano’s offset
Yes
|
Other lenders
Most
|
Apple & Google pay |
Nano’s offset
Yes
|
Other lenders
Some
|
Sub accounts to save |
Nano’s offset
Yes
Tuck money away in up to 10 Vaults within your offset sub account
|
Other lenders
Some
|
Direct access anywhere, anytime

Choose how you spend
Instant access to your offset sub account with your Nano Visa debit card, Apple Pay and Google Pay.
^ The Nano Card is issued by Hay Limited ABN 34 629 037 403 (Australian Financial Services Licence 515459). See terms and conditions.