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Intro or Honeymoon Rate Home Loans - Westpac - Inv Loan 1yr disc

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Change your loan amount or term to select a different loan amount and loan term.  Currently: $150,000 over 30 years
Home Loan Lender
Westpac Home Loan
Home Loan Product Name Inv Loan 1yr disc
Interest Rate 8.89%
Comparison Rate
Estimated
9.54%
Amount $150,000
Term 30 years
Initial Monthly Payment
Estimated
$1,195.08
Monthly Payment
Estimated
$1,257.01
Total Paid
Estimated
$455,406
Establishment Fee $750.00
Enquire/Apply Enquire   Apply  Free Quote
Target Market A loan to buy, construct or refinance residential real estate for Investment purposes. ,
Available for new loans only with mandatory conversion to variable rate investment property loan at the end of the Guaranteed Rate Period. ,
First mortgage over residential property, supporting security allowed.
Acceptable Income Self Employed with 2 years financials to be supplied, salary and wage earner.
Loan Term Maximum overall loan term is 30 years. ,
Interest only - 1 year.
Loan Size Minimum: $ 10K. ,
Maximum: $750K (Higher amounts by exception).
Repayment Type Principal and interest and/or interest only during the Guaranteed rate period.
Repayment Options Payments can be made weekly, fortnightly or monthly provided the minimum monthly payment is achieved.
Extra Repayments Additional repayments allowed during the guaranteed rate and thereafter (conditions apply). Up to 20% of loan amount in 1st year. ,
Up to 75% of loan amount in the first 4 years ( if exceeded Special Offer Admin Charge of $900 will apply ).
Split Loan Facility Not available.
Offset Not available.
Redraw Facility Is not permitted during the guaranteed rate period. ,
An access fee applies to access the redraw facility after this period.
LVR Investment Maximum LVR97% ,
Construction Maximum LVR 97% ,
Refinancing Maximum LVR 97% ,
Vacant Land Maximum LVR 97% ,
Debt Consolidation Maximum LVR 97%
Fees Establishment Fee:$750 ($1000 for non residents). ,
Loan Maintenance Fee:$8 per month. ,
Special Offer Admin Charge:$900 ,
Will apply if more than 75% of the original loan balance is repaid within the first four years or if more than 25% of the original loan balance is repaid within the first year or if the customer switches to another loan or switches to the Premier Advantage Package within the first four years. ,
Switching Fee:$600 ,
Will apply if the customer switches to another loan product after the four-year period (switch is subject to bank approval). ,
Additional Valuation Fees: Dependant upon location of security ,
Progressive Draw Down Fee:$300 (payable once only) ,
Guarantor Fee $200.
Enquire/Apply Enquire   Apply  Free Quote

Other Intro or Honeymoon Rate Home Loans
Intro or Honeymoon Rate Home Loans - AMP - 1 yr Intro Fixed>$100K Professional
Intro or Honeymoon Rate Home Loans - Police and Nurse Credit Society - Concessional Lifestyle 1 yr Disc
Intro or Honeymoon Rate Home Loans - HomeSide Lending - Intro Red Mort<$300K
Intro or Honeymoon Rate Home Loans - HomeSide Lending - NSW VIC ACT QLD WA Intro Red Mort>$300K
Intro or Honeymoon Rate Home Loans - BankWest - Intro Variable Mort Shredder
Other Westpac Home Loan Products
Variable Rate Home Loans - Westpac - Premium Option
Low Doc Home Loans - Westpac - Lo Doc Rocket Repay $250<$500K 0.60% Disc
Low Doc Home Loans - Westpac - Lo Doc Rocket Repay $150<$250K 0.40% Disc
Fixed Rate Home Loans - Westpac - 5 yr fixed Investment
Fixed Rate Home Loans - Westpac - 9 yr fixed Investment
View all Westpac home loan products


This Comparison Rate applies only to $150,000 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.


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