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Hi Vampil, I like interest only as you control the minimum repayment not the bank. By saving money in the offset account on split 2 you are reducing the interest charge and in effect reducing the loan balance but just in a more flexible way. Yes loan with a redraw, 10 years interest...

Set up the investment split now in case rules change, or you situation changes. Loan amount total $428,000 Split One I/O Fixed $100,000 (if you want some fixed) Split Two I/o Var $235,000 offset account attached put all savings in here Split Three I/O Var $93,000 Pay down...