Print This Page

Line of Credit Home Loans - BankWest - Equity Access

  Update  
Call 1800 466 050
BankWest
Comparison Rate 6.98%
Amount $200,000
Term 30 years
Monthly Payment Est. $1,301.19
Total Amount Paid Est. $478,110
Establishment Fee $0.00

6.78%

Enquire
 

Free home loan enquiry

Loan Features for BankWest - Equity Access
Equity Access is an ongoing source of instant, low cost finance which is secured against the equity in your house.The facility is a revolving line of credit with the option of a MasterCard Debit. The loan has a fully fluctuating variable rate which can be used for personal purposes. The facility must not go in to credit at any time.

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

Home Loan Loan Term
Subject to annual review.

Home Loan Loan Size
Minimum loan $20K

Let a Ratesonline accredited home loan consultant help you with this BankWest home loan


Home Loan Repayment Type
Minimum requirement of Interest only if limit is fully drawn.
Interest only available for investment loans up to a maximum of 5 years

Repayment Options
Weekly, fortnightly, or monthly

Extra Repayments
Surplus repayments permitted at any time.
Early Discharge no penalties apply.

Let a Ratesonline accredited home loan consultant help you with this BankWest home loan


Split Loan Facility
Yes

Offset
Not 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 Line of Credit Home Loans - BankWest - Equity Access

Owner Occupied: Max 90% LVR.
Investment: Max 90% LVR.
Construction 90% LVR
Debt consolidation 90% LVR
Land 90% LVR

Let a Ratesonline accredited home loan consultant help you with this BankWest home loan


Fees for Line of Credit Home Loans - BankWest - Equity Access

Application Fee: Nil
Annual Maintenance $325 paid in advance
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
Access Withdrawal Fee 50 free transactions per month. (Transactions include all customer initiated withdrawals.) For each withdrawal over the limit, $2.00 will be charged to the account
When Equity Access is taken the maintenance fee on existing and new BankWest home loans is waived. If subsequent home loans are applied for, the application fee is waived on these as well. When two Equity Access accounts are taken the up-front and annual maintenance fee on the second account is waived.

Discharge Mortgage Fee Doc Prep $300
Discharge Mortgage Settlement Attendance Fee $300
Progress payments $80 fee per payment plus $80 fee per valuation required.
Valuation Fees
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
Note valuation for properties >than $1million contact lender for quote
Company / Trust Fee $300
Rework fee $100 to be charged when a customer initiates a change to the terms of their application after loan documents have been issued.
Express Courier Fee $7.87 (payable for all non WA based housing loan)
Legal Disbursement Fee $60 applicable to East Coast Only
No DEF is applicable

 
Get Your FREE Home Loan Quote

Other BankWest Home Loans

 
 
 
The comparison rate applies only to $200,000 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.
Ratesonline.com.au is Australia’s most comprehensive Life Insurance and Home Loan comparison website. We assist you to compare Life Insurance, Home Loans and Income Protection Insurance to find the best solution for your needs.

Ratesonline.com.au understands that choosing the right Home Loan, Life or Income Protection Insurance is a difficult and time consuming exercise. Our financial experts recognise this and are here to guide you in the right direction.

Ratesonline.com.au gives you the full picture by providing you the most information from a wide range of products and services within the banking and finance sector. Alternatively our mortgage and finance experts will assess your individual circumstances to then simplify all the intricacies of each home loan and or insurance policies to find the best possible solution for you.