Smart Offset Account

An everyday transaction account which attaches to your eligible variable and fixed home or investment loan. The daily closing balance offsets the outstanding balance on your home loan.

  • 100% offset against your eligible loan balance
  • Everyday account for payroll and general access
  • Subsidiary accounts available for budgeting and saving
  • No monthly account keeping fee
  • EFTPOS payments with your mobile - load your NICU Visa Debit card onto Google PayTM or Apple Pay as your preferred card, and shop without carrying your wallet

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An offset account can potentially save you thousands of dollars in interest on your eligible home loan.Left Description Text.

See our Home Loans
Funds available at call Yes
Interest income Not interest bearing
Branch Transactions Yes
ATM/EFTPOS access Yes
Online Banking Yes
24/7 App Banking Yes
Digital Wallet EFTPOS Payments Google PayTM and Apple Pay available
Alerts (SMS and/or Email) Yes
Direct Debits Yes
Periodic payments Yes
Visa Debit Yes

What does a Smart Offset Account mean for you?

A Member with a $150,000 home loan over 25 years at an interest rate of 7.34% would have monthly repayments of $1,092.92.

This works out to approximately $177,877 in interest to be paid over the term of the loan.

With a Smart Offset Account linked to the home loan for the entire loan term with a constant balance of $10,000, a Northern Inland Member would pay the loan off in 21 years and pay approximately $134,299 in interest.

This represents a saving of four years and approximately $43,577 in interest.

Talk to a member of our friendly lending team today for full details.

Please note: These figures are based on a scenario for a Northern Inland Smart Home Loan - Variable Rate of 7.34% p.a., on the premise that the interest rate does not change for the life of the loan.


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Important Information:

*Refer to the Member Loyalty Program for further details. Please read the Product Fact Sheet before acquiring this product in considering and deciding whether it is right for you. The target market determination for this product is available at

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