Westpac First Option Home Loan

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Headline interest rate
0%

Max LVR
97%

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%

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.