Fixed Rate Home Loans - BankWest - 3 yr fixed |
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to select a different loan amount and loan term. Currently: $150,000 over 30 years |
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| Home Loan Lender |
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BankWest Home Loan |
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| Home Loan Product Name |
3 yr fixed |
| Interest Rate |
9.29% |
Comparison Rate
Estimated |
9.50% |
| Amount |
$150,000 |
| Term |
30 years |
Initial Monthly Payment
Estimated |
$1,195.08 |
Monthly Payment
Estimated |
$1,242.41 |
Total Paid
Estimated |
$450,448 |
| Establishment Fee |
$700.00 |
| Enquire/Apply |
 
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| Target Market |
A choice of Principal and Interest or Interest Only Fixed interest rate housing loans for customers purchasing residential property for owner-occupier or investment purposes. |
| Acceptable Income |
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. |
| Loan Term |
1, 2, 3, 4 or 5 years |
| Loan Size |
Minimum: $20,000
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No Maximum.
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Loans above $1mil to $1.5mil LVR 90% - must have multiple security
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Loan Types Principal & Interest Equity Line component limited to $750,000 |
| Repayment Type |
Principal & Interest
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Interest Only |
| Repayment Options |
Weekly, Fortnightly or Monthly
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Interest Only - Monthly Only
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Option 1
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The borrowers accept the Fixed Rate Application and Agreement and sign the appropriate form and collect the fee.
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LH15 Fixed Rate Cap Application and Agreement
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Or
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LH17 Company Fixed Rate Cap Application and Agreement
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Option 2
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The borrowers decline the offer and all borrowers sign the Fixed Rate Cap Fee disclaimer.
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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).
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The Fixed Rate Cap Fee:
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Must be paid by the customer upfront at application stage. (This fee cannot be financed into the loan).
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Is calculated at 0.15% of the total loan amount (including fees financed into the loan).
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Guarantees the rate is capped for 3 months.
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Is non refundable. (The only exception is if the Bank declines the loan). |
| Extra Repayments |
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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 |
| LVR |
Owner Occupier: Max 95% LVR.
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Investment: Max 95% LVR.
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Interest Only: Max 95% LVR
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Refinance Max 95% LVR
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Debt Consolidation 90% LVR
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Land 95% LVR |
| Fees |
Application Fee: $700 (Includes 1 free valuation)
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Loan Maintenance Fee:$12 per month.
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(Complimentary BankWise Membership.)
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Customers applying for a Fixed Rate Home Loan, now have the option of placing a ‘Cap’ on the Fixed Interest Rate at the time of application. 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).
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The Fixed Rate Cap Fee:
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Must be paid by the customer upfront at application stage. (This fee cannot be financed into the loan).
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Is calculated at 0.15% of the total loan amount (including fees financed into the loan). Note Rate Lock fee of .20% applies on Special Rates.
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Guarantees the rate is capped for 3 months.
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Is non refundable. (The only exception is if the Bank declines the loan).
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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
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Discharge Mortgage Fee Doc Prep $300
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Discharge Mortgage Settlement Attendance Fee WA Only $300
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Progress payments $80
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Valuation Fees
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For all States, the maximum fee that will be absorbed as part of the application fee for the first valuation is as follows:
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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
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Note Valuation for properties >than $1million contact lender for quote
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Switching available for $350
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Company / Trust Fee $300
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Rework fee $100 to be charged when a customer initiates a change to the terms of their application after Loan documents have been issued.
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Express Courier Fee $7.87 (payable for all non WA Based Housing Loan)
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Early Discharge: Break Cost may apply based on economic cost. Refer to Lender.
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Settlement Fee $50 applicable to East Coast Only |
| Enquire/Apply |
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| Other Fixed Rate Home Loans |
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| Other BankWest Home Loan Products |
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This Comparison Rate applies only to $150,000 with a loan term of 30 years. The loan amount and term will affect the comparison rate calculation. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparsion rate calculation but may influence the cost of the loan.
This rate is to be used as a guide only and we recommend that you confirm it with the lender before acting upon it.
The information provided in this website is a guide only and may not be complete for your purposes. ratesonline.com.au is not licensed to provide investment advice and recommends that you consult an independent financial adviser.
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