To use the offset savings calculator, follow these steps:
1. Enter your loan balance
2. Input your rate, term and frequency of repayments.
3. Specify what is your current savings balance available in your offset account.
4. Enter the estimated additional deposit you will be making each at each repayment frequency.
After providing these details, the calculator will show the estimated amount of interest saved over the life of the loan. Remember, this figure offers an estimate based on the information provided. It is crucial to consult with a financial advisor or lender for a more accurate assessment and to identify the best loan options for your specific needs.