Fixed Rate Home Loans - BankWest - 3 yr fixed

This loan is suitable for
Acceptable income: Self employed the last 2 years financials for all related parties where possible. Individual directors and any guarantor involved in the deal. Salary and wage earners.

Home Loan Loan Term
1, 2, 3, 4 or 5 years

Home Loan Loan Size
Minimum: $20,000
No Maximum.
Loans above $1mil to $1.5mil LVR 90% - must have multiple security
Loan Types Principal & Interest Equity Line component limited to $750,000

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Home Loan Repayment Type
Principal & Interest
Interest Only

Repayment Options
Weekly, Fortnightly or Monthly
Interest Only - Monthly Only
Option 1: The borrowers accept the fixed rate application and agreement and sign the appropriate form and collect the fee.
LH15 Fixed Rate Cap Application and Agreement Or
LH17 Company Fixed Rate Cap Application and Agreement
Option 2: The borrowers decline the offer and all borrowers sign the Fixed Rate Cap Fee disclaimer. By signing the Fixed Rate Cap Application & Agreement and paying a fee the customer ensures the rate is capped for a period of 3 months (from application). Refer to Fees for Fixed Rate Cap Fee.

Extra Repayments
Principal reductions maximum of $5,000 pa or over and above the minimum monthly installment.

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Split Loan Facility
Yes

Offset
40% Offset available

Redraw Facility
Home loan access to any surplus funds accumulated on the loan fees and conditions apply
Home Loan Access (over the counter) minimum $1,000.00 per transaction - $50 per time. .

LVR for Fixed Rate Home Loans - BankWest - 3 yr fixed

Owner Occupier: Maximum 90% LVR.
Investment: Maximum 90% LVR.
Interest Only: Maximum 90% LVR
Refinance Maximum 90% LVR (Existing Bankwest customers may go to 95% case by case)
Debt Consolidation 90% LVR
Land 90% LVR

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Fees for Fixed Rate Home Loans - BankWest - 3 yr fixed

Application Fee: $700 (Includes 1 free valuation)
Loan Maintenance Fee: $12 per month.
Complimentary BankWise Membership.
The Fixed Rate Cap Fee:
Must be paid by the customer upfront at application stage. (This fee cannot be financed into the loan). 0.15% of Loan amount (including fees financed into the loan) or $450, whichever is greater, on Standard Fixed Loans. 0.20% Fee applies to any product that BankWest describes as Special. Non refundable (the only exception is if the Bank declines the loan).
Discharge Mortgage Fee Doc Prep $300
Discharge Mortgage Settlement Attendance Fee $300
Progress payments $80
Valuation Fees:
If the valuation fee is above $200 or if the customers legal costs are above $300 the customer will be required to pay the additional costs.
For all states, the maximum fee that will be absorbed as part of the application fee for the first valuation is as follows:
Western Australia $180 + GST, Queensland $200 + GST, New South Wales $200 + GST, Tasmania $200 + GST, South Australia $200 + GST, Victoria $200 + GST, Canberra $200 + GST, Northern Territory $210 + GST.