Westpac Fixed Options
6.79%
100%
$96
Moneybuddy says
The Westpac Fixed Options loan lets you know exactly how much you'll pay every month for at least 10 years. You then choose another fixed or variable rate. You can also lock-in the fixed rate at the time of loan approval and make interest only payments.
The Basics
Interest type -
Headline interest rate 6.79%
Max LVR 100%
Annual fee $96
The cool stuff: features
Draw down loan progressively Yes - $200.00 fee applies
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 5.49%
Interest rate 2 years 5.99%
Interest rate 3 years 6.59%
Interest rate 4 years 7.19%
Interest rate 5 years 6.69%
Interest rate 7 years 7.19%
Interest rate 10 years 7.79%
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 8.64%
Minimum loan term -
Maximum loan term 30 years
Min loan amount -
Max loan amount -
Early repayments No
Redraw facility Yes
Repayment holiday No
Ability to split loan No
Extra repayments Yes
Offset account available No
Interest only payments Yes
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 $0
* 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
- Lock in fixed rate option
- Loan portability
Cons
- High loan application fee
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