Home loan features

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.