Australian Mutual Bank - PPOR - First 3 Years of Your Loan, Introductory Variable Rate - 5.69%. No Offset, Unlimited Redraw & Repayment. After 3 years, they revert to their basic variable rate - 6.19%. Maybe negotiate or switch to another bank.
https://australianmutual.bank/loans/home-loans/special-offer…
Or
Queensland country bank - PPOR - Special Variable Package Rate - 5.89%. Offset, Redraw & Repayment allowed. Yearly fees - $395
https://www.queenslandcountry.bank/Banking/home-loans/variab…
Loan amount - 850K
LVR - around 50-60% depends on valuation.
I have negotiated with CBA and the best they can offer is with offset at variable rate - 6.25%
Need suggestion - Has someone tried doing salary credit & other auto debit in their Home loan account? It would save the hassle of transferring to/from a transaction account. I will be using my credit card for daily transactions. Then Australian Mutual Bank makes sense or else Queensland country bank, as it has offset.
"Has someone tried doing salary credit & other auto debit in their Home loan account?"
Ask them if it's possible.
I'm with CBA and my loan has a BSB and account number, but maybe all banks aren't set up the same.