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

For more information read our FAQs

Direct access anywhere, anytime

Nano App Features
View and understand your money with visualised data
Track spending with real time notifications
Instantly send money to yourself or your friends
Categorise transactions and see details with merchant logos, map locations, contact info and more
Freeze and unfreeze your cards instantly

Choose how you spend

Instant access to your offset sub account with your Nano Visa debit card, Apple Pay and Google Pay.

Nano payments and Visa debit card features
Instant payments and transfers using your BSB and account number
Purchase with your Nano Visa debit card, Apple Pay, Google Pay or watch, instore or online
Direct debit out & BPAY for easy bill payments
International transactions with $0 foreign exchange fees
No Nano fees on domestic or international transactions

^ The Nano Card is issued by Hay Limited ABN 34 629 037 403 (Australian Financial Services Licence 515459). See terms and conditions.

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