Professional Package Home Loans - Westpac - 3 yr fixed Options 0.20%Disc $150<$250K 0.40% Disc |
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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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Westpac Home Loan |
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| Home Loan Product Name |
3 yr fixed Options 0.20%Disc $150<$250K 0.40% Disc |
| Interest Rate |
6.89% |
Comparison Rate
Estimated |
7.52% |
| Amount |
$150,000 |
| Term |
30 years |
Initial Monthly Payment
Estimated |
$986.90 |
Monthly Payment
Estimated |
$1,026.75 |
Total Paid
Estimated |
$380,130 |
| Establishment Fee |
$0.00 |
| Enquire/Apply |
 
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| Target Market |
A complete financial services package specifically designed to reward valuable customers for their personal banking relationship.
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Allows customers to take advantage of significant cost savings on a wide range of products and services which are real, relevant and linked to their lifestyle.
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The package offers the convenience of having a complete and tailored package, coupled with the potential savings, which enables your customers to spend their valuable time and money on more rewarding pursuits. |
| Acceptable Income |
Minimum income requirement
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This has now been removed from Package eligibility. |
| Loan Term |
Remain the same as per products |
| Loan Size |
Remain the same as per products |
| Repayment Type |
Remain the same as per products. |
| Repayment Options |
Remain the same as per products. |
| Extra Repayments |
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| Split Loan Facility |
Remain the same as per products. |
| Offset |
Remain the same as per products. |
| Redraw Facility |
Remain the same as per products,. |
| LVR |
Owner Occupier Maxim LVR 97%
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Investment Maxim LVR 97%
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Construction Maxim LVR 97%
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Refinance Maxim LVR 97%
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Remain the same as per products.
Loan Parameters
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The following parameters will now apply for both Housing Products and Investment Products. NOTE these rates are Package discounts ONLY and are deducted from the current interest rate applicable for each Loan Product.
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$150K - < $250K - 0.40% p.a. discount
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$250K+ - 0.70% p.a. discount
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Nil Establishment Fee
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Nil Loan maintenance/ Annual Service Fee
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Nil Switching fee
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Nil Top Up fee
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Nil Portability fee
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Low Doc Discounts
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$150K - < $250K - 0.40% p.a. discount
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$250K - < $500K - 0.60% p.a. discount
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$500K+ - 0.70% p.a. discount
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Reduced Establishment Fee - $355 per loan account
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Annual Package Fee $395
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Nil Loan maintenance
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Nil Switching fee
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Nil Top Up fee
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Nil Portability fee
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FIXED RATE LOAN DISCOUNTS Effective 21 July 2008, we will offer a 0.20% discount off fixed interest rates under the PAP. This offer is applicable to both new and existing customers. The 0.20% discount is not applicable to the existing fixed rate loans, unless the customer is re-fixing their loan when the current fixed rate term expires or the customer breaks their fixed rate term.
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The discount will be available on the following loans:
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Fixed Options Home /Investment Property Loan,
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Fixed Options Home/Investment Property - Low Doc
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Note: 1 year Guarantee Rate Loans are excluded from this offer as they cannot be part of PAP
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Minimum aggregate Loans under PAP of $150,000
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Please note that these parameters must be strictly observed
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Eligible Products
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Rocket Repay Home Loan, Rocket Investment Loan, Premium Option Home Loan, Variable Investment Property Loan, Equity Access Loan Plan 2, Fixed Option Home Loan, Fixed Rate Investment Property Loan, Premium Option Home Loan Low Doc, Variable Rate Investment Property Loan Low Doc, Equity Access Loan Plan 2 Low Doc, Fixed Option Home Loan Low Doc, Fixed Rate Investment Property Loan Low Doc
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Additional Benefits
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The following benefits also apply to Premier Advantage Package
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1. Altitude Gold Classic Card 3.99% p.a. balance transfer interest
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rate for the first six months. Annual Fee waived for the first year.
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2. Westpac Broking offer entitles new Westpac Broking customers to six months free Premium Research. The six month period commences from the date the Westpac Broking account is opened. Premium Research offers a superior level of independent analysis as well as access to tools and features.
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3.Landlords Protection Insurance $100 off excess per claim
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4. Financial Planning 10% off Wealth Service One or Service Plus fee (to a maximum of $300)
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4. Insurance - 10% discount on combined Home and Contents policies. $100 off excess whenever a claim is made.
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5. Margin Lending Facility - Interest rate reduction of 0.25% p.a. on standard variable rate
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6. Westpac Classic Plus / Westpac One transaction account - Monthly Service Fee waived (only applicable to one transaction account)
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7. Mortgage secure - 10% discount on the annual premium.
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8. BT Super for Life: If a packaged customer opens a BT Super for Life account and reaches the minimum BT Super for Life account balance requirement, they will be eligible to claim a cash bonus. The customer must claim the Cash Bonus within six months of opening their BT Super for Life account by calling BT Customer Relations on 1300 653 553. |
| Fees |
Package Fee & Fee Discounts on accounts
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Package Fee $395.00 per annum. Establishment fees and monthly fees are waived for all eligible accounts.
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Premier Advantage Package offers many benefits and
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savings options, and rewards customers for the overall value of loans held with Westpac.
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Your customers may be able to take advantage of our Premier Advantage package.
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Annual package fee of $395 charged to eligible customers (Must have a combined property borrowings of at least $150,000)
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Guarantor Fee $200. |
| Enquire/Apply |
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| Other Professional Package Home Loans |
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| Other Westpac Home Loan Products |
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