| Home Loan Lender |
 |
Westpac Home Loan |
|
| Home Loan Product Name |
Premium Option $150<$250K 0.40% Disc |
| Interest Rate |
7.31% |
Comparison Rate
Estimated |
7.63% |
| Amount |
$150,000 |
| Term |
30 years |
Monthly Payment
Estimated |
$1,029.38 |
Total Paid
Estimated |
$382,290 |
| Establishment Fee |
$0.00 |
| Enquire/Apply |
 
|
| Target Market |
The loan can be used for:
,
Home construction/improvements
,
Home purchases ( owner occupied )
,
Purchase of land on which a dwelling is to be built for the customer’s own occupancy
,
Personal purposes
,
Refinancing of either an existing housing loan or,other consumer loans.
,
A first mortgage over residential property is required as security. |
| Acceptable Income |
Self Employed with 2 years financials to be supplied, salary and wage earner. |
| Loan Term |
Up to 30 Years. |
| Loan Size |
Minimum: $10K
,
No Maximum. |
| Repayment Type |
Principal and Interest and Interest Only up to 10 years. |
| Repayment Options |
Weekly, Fortnightly or Monthly. |
| Extra Repayments |
|
| Split Loan Facility |
Available as combination loan. |
| Offset |
Not available |
| Redraw Facility |
Available if excess funds exists. Nil fee. |
| LVR |
Owner Occupied Maximum LVR 100%
,
Investment Maximum LVR N/A
,
Construction Maximum LVR 100%
,
Refinancing Maximum LVR 97%
,
Repayments only on a Principal, Interest & Fees (PI&F) basis.
,
Loan to Security Ratio (LSR) between 80 and 85% refer to Flyer in Lender Documents LMI Folder.
Premier Advatage Package benefits available.
,
$150K<$250K 0.40% p.a. discount
,
>$250K 0.70% p.a. discount
,
Nil Establishment fee
,
Premier Advantage Package fee is $395. |
| Fees |
Establishment Fee:$600
,
Loan Maintenance Fee:$8 per month
,
Switching Fee:$300
,
Additional Valuation Fees: Fees applicable
,
Progressive Draw Down Fee: $300 (payable once only)
,
Deferred Establishment Fee $900 will only be charged if a customer closes their loan with Westpac within 4 years of origination for reasons such as re-financing to another institution, selling their property or early
,
repayment where they request to close their loan.
,
Guarantor Fee $200. |
| Enquire/Apply |
|