Westpac First Option Home Loan

Westpac
get advice
Headline interest rate
0%
Max LVR
97.00%
Annual fee
$120

Moneybuddy says

The First Option Home Loan from Westpac is a standard variable interest rate loan with options that you only pay for when you use them. You have access to redraws, repayment holidays and top-ups which allow you to increase your loan. Maternity leave lets you reduce your loan repayments by half for six months.

The Basics

Interest type -

Headline interest rate 0%

Max LVR 97.00%

Annual fee $120

The cool stuff: features

Draw down loan progressively $95 per draw

Insurance details -

Loan is Transferable Yes

Line of credit available No

Product suits Owner - Occupier

The Facts & Figures

Introductory rate -

Introductory term -

Interest rate 1 year -

Interest rate 2 years -

Interest rate 3 years -

Interest rate 4 years -

Interest rate 5 years -

Interest rate 7 years 0%

Interest rate 10 years 0%

Interest rate 15 years 0%

Comparison rate 1 year -

Comparison rate 2 years -

Comparison rate 3 years -

Comparison rate 4 years -

Comparison rate 5 years -

Comparison rate 7 years -

Comparison rate 10 years -

Comparison rate 15 years -

Comparison rate 8.14%

Minimum loan term -

Maximum loan term 30 years

Min loan amount -

Max loan amount -

Early repayments No

Redraw facility Yes

Repayment holiday Yes

Ability to split loan No

Extra repayments Yes

Offset account available No

Interest only payments No

The ugly stuff: fees

Application fee $600

Valuation fee -

Subsequent valuation fee -

Valuation fee details -

Discharge fee -

Discharge fee details -

Legal fee -

Settlement fee -

Redraw fee $50

* Important note: All information provided by advertiser or taken from advertiser website and correct at time of publishing. If this information is incorrect, please contact us.

Pros

  • Low interest rate
  • Holiday Rate
  • Redraw facilitiy

Cons

  • Activation charge applies to most options

Question about
home loans?

Get advice now >

 
Got a question about home loans?
MoneyBuddy has partnered with Mortgage Choice, Australia's largest, independently-owned mortgage broker.

Complete the form below and your local Mortgage Choice broker will be in touch within 24 hours to arrange a meeting to discuss your home loan requirements.

First Name

Last Name

Postcode Type your full postcode and suggestions will appear

Email

Phone Number (home)Including area code

Phone Number (mobile)

Loan Type

Have you found a property?

Please add any comments that may help our consultants assess your situation:

 

My shortlist

You can shortlist products here & email them later.

No products currently shortlisted.

Search

What are you looking for?

What type of loan?

more options > Search Plan

Special offers

Get a free quote

Let our experts do the work for you. Enter your location for a free consultation.

home > compare home loans > Westpac home loans > Westpac First Option Home Loan