** – Limitations on withdrawals may apply in certain circumstances. An offset facility is only available with any variable interest Retro Home Loan/Link Home Loan. The offser facility is not available for Retro SMSF loans. The offset facility is a sub-account linked to your nominated loan account. The offset facility forms part of your loan account. The offset facility balance may not exceed the loan account balance. AFG Home Loans can debit the offset facility with any amounts lent to you or due under your mortgage. Please note that having an offset facility does not automatically give you a right to redraw from that offset facility. If you have a redraw facility on your home loan and have made payments into your offset facility above your minimum repayment, you may withdraw those extra payments if:
- You have no arrears or defaulted under your loan agreement;
- The redraw facility has not been suspended or cancelled; and
- No other redraw restrictions apply to your loan contract.
Please talk to your broker about whether this feature is appropriate for you.