Is the loan for a PPOR? If so, there's not a problem.When i set up my account with NAB. They do this automatically
1. Loan Account and
1. Offset 100% account.
Have no idea what to do then.. All the extra equity is in My Offset account including my salary + other expenses.
This is the setup that NAB did for me when i move from CBA...
If your loan account includes the funds you borrowed to purchase, plus the extra equity you've drawn, then you're contaminated.