| Home Loan Lender |
 |
BankWest Home Loan |
|
| Home Loan Product Name |
Lite Plus Home Loan>$1M |
| Interest Rate |
9.03% |
Comparison Rate
Estimated |
9.31% |
| Amount |
$150,000 |
| Term |
30 years |
Monthly Payment
Estimated |
$1,210.17 |
Total Paid
Estimated |
$446,400 |
| Establishment Fee |
$0.00 |
| Enquire/Apply |
 
|
| Target Market |
The BankWest Lite Plus Home Loan offers customers a discounted interest rate. |
| Acceptable Income |
Self Employed applicants to provide last 2 years financials, Salary and Standard wage earners. Rental income. Dividends from shares and long term deposits. |
| Loan Term |
1 Year to a maximum of 30 years. |
| Loan Size |
Minimum Loan Amount $250K
,
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
,
10 years interest only available |
| Repayment Options |
Monthly, Fortnightly or weekly
,
Interest Only Loan repayments only be made monthly
,
Additional lump sum repayments at any time. |
| Extra Repayments |
|
| Split Loan Facility |
Available must be min of $70k.
,
Split Loan Maintenance Fee NIL conditions applicable Minimum Lite Plus loan amount $20K plus Rate Tracker and or Fixed Product |
| Offset |
100% Offset with the Lite Direct Account |
| Redraw Facility |
Minimum amount $1K redraw fee $50.
,
Online Redraw facility available No redraw fee no minimum redraw amount $0.25cents for internet transaction applies. |
| LVR |
Owner Occupier LVR 95% (can capitalize MI on O/O established dwellings)
,
Investment LVR 95%
,
Construction LVR 95%
,
Refinance Max 95% LVR
,
Land LVR 95%
,
Debt Consolidation LVR 90%
,
Land LVR 95% |
| Fees |
Annual fee of $360.00
,
One free lite direct transaction account compulsory account with this
,
package which the annual fee will be debited to.
,
One BankWest Credit Card with no annual charge
,
No personal loan application fees
,
All future application fees on personal home loans waived
,
All loan maintenance fees on existing and new borrowing waived (with
,
exception of Affinity, Equity Line and Gold Equity Line products)
,
20% discount on BankWest conveyancing
,
Loan Maintenance Fee NIL
,
Valuation Fee 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
,
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 |
|