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BankWest Equity Access

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BankWest
Comparison Rate 7.50%
Amount $250,000
Term 30 years
Monthly Payment Est. $1,693.59
Total Amount Paid Est. $629,339
Establishment Fee $0.00

7.18%

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Loan Features for BankWest - Equity Access
Non genuine savings are allowed - No Genuine Savings Required where LVR's below 90%. 5% Genuine Savings required for all purchase deals must be held for a minimum of 3 months. Bankwest does not include FHOG as part of the Genuine Savings.
Genuine savings includes, savings, gifts, deposits from shares, equity in existing property cross collateralised or funds drawn or sale proceeds.
Refer to link@BankwestGenuineSavings.pdf@Genuine_Savings_Definitions_&_Scenarios and link@BankwestLVRInformationGenNonGenSavings.pdf@LVR_Information_Genuine_Non_Genuine_Savings in Supplementary Documents for full details..

This loan is suitable for
Available for loan amounts $20,000 - $749,999
A person who is self employed - Last 2 years full personal and company tax assessment notices, tax returns and financials required for verification..
Available for people who will live in the property.
Suitable for people looking for a residential investment loan.
A guarantor can be used.

Home Loan Loan Term
Loan term up to 30 years

Home Loan Loan Size
For loans with a minimum value of $20,000 and a maximum of $749,999

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Repayment Options
Fortnightly repayments accepted.
Monthly repayments accepted.

Extra Repayments
Additional repayments are allowed.

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Split Loan Facility
Split loan is available - Cannot be split with a low doc product or seniors equity release..

Offset
Not available.

Redraw Facility
Redraw is available - $2 fee per transaction applies when monthly limit of 50 transactions per month is exceeded.


LVR for BankWest Equity Access

Maximum available LVR is 90%

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Fees for BankWest Equity Access

Monthly Fee $27.08
Annual Fee $325
Establishment Fee $0
Discharge Fee $300
Legal Fee $0
Portability Fee $350
Settlement Fee $0
Switching Fee $495
Early Termination Fee $0
$55 Loan Helper Fee for refinances.
$100 fee for rework after docs issued.

 
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706 Glenhuntly Rd
Caulfield South
VIC 3162, Australia

Phone: 1800 466 050