Westpac Premium Option

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Headline interest rate
5.81%

Max LVR
-

Annual fee
$96

Moneybuddy says

The Westpac Premium Option home loan has a variable interest rate and redraw facilities if you need cash. Take a break from your repayments with a holiday period as long as the balance is lower than the loan amount. Parental leave lets you save 50% of the interest repayments for six months while the new one settles in.

The Basics

Interest type -

Headline interest rate 5.81%

Max LVR -

Annual fee $96

The cool stuff: features

Draw down loan progressively Yes - a $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 -

Interest rate 2 years -

Interest rate 3 years 0%

Interest rate 4 years -

Interest rate 5 years 0%

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 8.70%

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 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.