The Capricornian
Offset Home Loan
Owner Occupied Variable Principal & Interest 0 Years 80% LVR
6.19%
Interest rate
6.19%
Comparison rate
Rates as at 28 Sep 2026
Ratings
★ ★ ★ ★ ★ (1 reviews)
About this rate option
The Capricornian's Offset Home Loan for owner-occupiers carries a variable rate of 6.19% (comparison rate 6.19%), with principal-and-interest repayments that gradually reduce the loan balance. It applies to borrowing up to 80% of the property value, so a deposit of at least 20% is required. The loan includes a 100% offset account and no penalty for extra repayments. Note that new lending only applies, and you must become a member of the Credit Union before applying.
This summary was generated from The Capricornian’s published product data for this specific rate option. Always confirm current rates with the lender.
About Offset Home Loan
Interest only loans have traditionally been tailored to investors so they can reduce their mortgage repayments and maximise their tax benefits and overall return on investment (ROI). However, getting home loan with interest only (IO) has its place and some lenders are willing to consider your application if you can provide valid reasons.
LVR is an acronym for Loan-To-Value Ratio. The LVR is the amount you are borrowing against the property value being used as security, represented as a percentage.
Fees & Costs
- A 100% offset account is an account linked to your home loan where you can park your savings and spare cash to reduce the interest you pay. Then, when interest is calculated on your home loan, the balance in your offset account is deducted from the loan amount owing, and interest is only charged on what remains.
- The Capricornian charge a discharge fee of $600, which covers the cost for removing the mortgage that has been registered on the title of your property.
Borrowing Limits
- The Capricornian Offset Home Loan does not offer tier pricing for lower LVR. With Offset Home Loan, you can borrow upto $97% LVR.
Eligibility
- Interest only repayment option is not available with The Capricornian Offset Home Loan for buying next home.
- Interest only repayment option is not available with The Capricornian Offset Home Loan for refinance.
IMPORTANT:Lenders change their policy from time to time so this information is current only accurate at the time that it was written. You should always check with The Capricornian or a mortgage broker just to be sure. This information should be used as a guide only.
Other rate options for Offset Home Loan
Frequently Asked Questions
Are there costs when I exit or refinance to another lender?
The Capricornian charge a discharge fee of $600, which covers the cost for removing the mortgage that has been registered on the title of your property.
Does The Capricornian Offset Home Loan comes with an offset account?
Yes, Offset Home Loan comes with a 100% offset account. A 100% offset account is an account linked to your home loan where you can park your savings and spare cash to reduce the interest you pay. Then, when interest is calculated on your home loan, the balance in your offset account is deducted from the loan amount owing, and interest is only charged on what remains.
What are the costs to apply for The Capricornian Offset Home Loan?
There is no upfront costs to apply for Offset Home Loan Application fee: $0
Valuation fee: $0
Settlement fee: $0
Fees
- Application fee
Important Information
Lenders change their policy from time to time so this information is current only accurate at the time that it was written. You should always check with The Capricornian or a mortgage broker just to be sure. This information should be used as a guide only.