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westpac equity access loan
Westpac Equity Access Loan by Westpac
Westpac Equity Access Loan
Institution : WestpacTheir Blurb
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Our View
The Westpac Equity Access loan lets you borrow up to 80% of your property value to spend on what you like - a holiday, investments or renovations. The minimum amount you can borrow is $20,000 and you can make interest only payments or Top-up your loan if you need extra finances.
Pros
- Borrow 80% of property value
- Holiday periods available
- Port your loan to another property
Cons
- High loan application fee
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| The Facts & Figures | |
|---|---|
| Repayment Holiday | Yes |
| Introductory Term | - |
| Max Loan Amount | - |
| Ability to Split Loan | No |
| Max LVR | - |
| Loan Type | Standard variable rate loan |
| Extra Repayments | Yes |
| Minimum Loan Term | - |
| Early repayments | No |
| Offset Account Available | No |
| Maximum Loan Term | - |
| Redraw Facility | No |
| Special offers | - |
| Min Loan Amount | - |
| The cool stuff: features | |
| Redraw fee | - |
| Application Fee | $ 600.00 |
| Interest only Payments | Yes |
| Administration Fee (monthly) | $ 10.00 |
| Draw Down Loan Progressively | Not Available |
| Valuation Fee | - |
| Loan is Transferable | Yes |
| Legal Fee | - |
| Line of Credit Available | No |
| Settlemet Fee | - |
| Required Insurance | - |
