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Product Name |
Flexi First Option Home Loan |
Lender |
Westpac |
|
Initial Rate % |
6.81 |
Intro Rate |
 |
|
Initial Period |
3 months
|
Ongoing Rate % |
6.81 |
|
Interest Type (Initial) |
Basic Variable |
Repayment (initial) |
P&I or I/O |
|
Interest type (ongoing) |
Basic Variable |
Repayment (after initial) |
P&I or I/O |
|
Max Term Fixed Rate % |
0 |
Max Term Interest Only % |
10 |
|
Repayment Frequency |
Fortnightly, Monthly, Weekly |
Maximum No of Loan Splits |
0 |
Extended Information
|
States Available |
ACT, New South Wales, Northern Territory, Queensland, South Australia, Tasmania, Victoria, Western Australia |
Financials Required |
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Product Type(s) |
Bridging,Bridging,Investment,Investment,Owner Occupied,Owner Occupied,Vacant Land,Vacant Land, |
Non-conforming |
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Notes
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Combination Loan - $150 (added to establishment fee at origination). Flexi First Option Home Loan has to be the primary product. Then any of the following can be selected (up to):
*2 Flexi First Option Home Loans
*2 Fixed Options Home Loans
*2 Equity Access Loans
*1 Bridging Loan
Premier Advantage Package Not available.
Third party security (guarantees) are permitted in terms of acceptable third
permitted in terms of acceptable third party relationships outlined in the CCPM.
Top Ups allowed $350 fee. |
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Loan Size/LVR |
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Minimum Loan Amount $
|
25,000.00 |
Maximum Loan Amount $
|
99,999,999.00 |
Capitalise LMI
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Maximum LVR %
|
97 |
Minimum Loan Term
|
1 |
Max Loan Term
|
30 |
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Loan Fees |
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Establishment $ |
600.00 |
|
Cost to switch to fixed $ |
350.00 |
|
Application Fee $ |
0.00 |
Exit Fee $ |
0.00 |
|
Valuation Fee $ |
0.00 |
Ongoing Fees $ |
0.00 |
|
Legal/Solicitor Fee $ |
0.00 |
Ongoing Fee Notes |
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|
Settlement Fee $ |
0.00 |
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Upfront Fees $ |
600.00 |
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Break cost conditions |
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Early Repayment Fee Notes |
DEF applied if loan paid out within first 4 years. Effective 1 September 2010, DEF amount will be reduced to $700 |
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Other borrowing costs $
|
0.00 |
Other Fee Notes |
Portability Yes. $350 per move.
Progressive drawdown $95 per progressive draw. |
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Services |
|
Internet Banking |
 |
Telephone Banking |
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Credit Card Option |
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Bpay Option |
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Portability of loan |
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Professional Pack |
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Cheque account access |
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Reverse Mortgage |
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Free Transactions per month
|
9999 |
|
Redraw Available |
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Minimum Redraw $
|
0.00 |
|
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Offset Account |
No |
Direct Salary Credit |
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Access Fees |
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Loan Redraw fee $
|
25.00 |
ATM own wdfee $
|
0.00 |
Fee per Cheque $
|
0.00 |
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EFTPOS fee $
|
0.00 |
Internet banking fee $
|
0.00 |
Internet access fee $
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0.00 |
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Bpay charges $
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0.00 |
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