Mortgage Breaker

 

The Mortgage Breaker is a transaction account linked to your mortgage home loan that can reduce the amount of interest you pay on your loan. You can offset up to 100% of the loan balance. For example, if your loan balance is $400,000 and there’s $50,000 in your offset account, we’ll only charge you interest on a $350,000 loan balance.

 

Product Features:

Everyday Accounts
Interest rate : 0.00% pa
Minimum Amount : $0
Funds Available : At call
Account keeping fees : $150p.a.
Transaction fees & charges : Please refer to our Fees and Charges Schedule for the fee structure
ATM / eftpos Access : Yes
Online & Mobile Banking : Yes
Phone : Yes
OSKO® & PayID : Yes
BPAY® : Yes
Periodical payments : Yes
Direct Debit : Yes
Direct credit : Yes
Payroll deposit : Yes
External funds transfer : Yes
Branch access : Yes

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  • 1 $150.p.a. account keeping fee waived with a Horizon Bank First Home Buyer loan secured mortgage