| Home Loan Lender |
 |
BankWest Home Loan |
|
| Home Loan Product Name |
Intro Fixed Mort Shredder |
| Interest Rate |
8.99% |
Comparison Rate
Estimated |
9.39% |
| Amount |
$150,000 |
| Term |
30 years |
Initial Monthly Payment
Estimated |
$1,205.85 |
Monthly Payment
Estimated |
$1,233.57 |
Total Paid
Estimated |
$448,924 |
| Establishment Fee |
$700.00 |
| Enquire/Apply |
 
|
| Target Market |
Variable interest rate housing loan for customers purchasing a residential property for owner-occupier, investment or construction purposes with discounted introductory rates for 12 months |
| Acceptable Income |
|
| Loan Term |
1 year to a maximum of 30 years. |
| Loan Size |
$20,000 minimum
,
No maximum
,
Loans above $1mil to $1.5mil LVR 90% - must have multiple security
,
Loan Types Principal & Interest Equity Line component limited to $750K |
| Repayment Type |
Principal & Interest
,
Interest Only during construction 1-5 years reverting to Principal & Interest
,
Interest Only is also available for Owner Occupied & Investment Loans for up to 5 years. |
| Repayment Options |
Weekly, Fortnightly or Monthly. |
| Extra Repayments |
|
| Split Loan Facility |
Yes |
| Offset |
100% offset optional with Mortgage Shredder Home Loan with a Mortgage Shredder Offset Account- fees apply) otherwise 0% v 40% Offset on Fixed Rate Home Loan and Standard Variable Home Loan |
| Redraw Facility |
Available
,
Minimum amount $1K redraw fee $50 |
| LVR |
Owner Occupied: 95% LVR.
,
Investment: 95 LVR.
,
Refinance 90%LVR
,
Construction (O/O): 95% LVR.
,
Land 95% LVR |
| Fees |
Application Fee: $700 (Includes 1 free valuation).
,
Ongoing Fees: NIL (Complimentary BankWise membership.)
,
Offset Account Monthly Fee: $15
,
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
,
Discharge Mortgage Fee Doc Prep $300
,
Discharge Mortgage Settlement Attendance Fee WA Only $300
,
Progress payments $80
,
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:
,
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 |
| Enquire/Apply |
|