Westpac Premium Option with 1 Year Guaranteed Rate
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Moneybuddy says
The Westpac Premium Option with * Year Guarantee gives you piece of mind with a fixed rate for twelve months. Enjoy the convenience of interest only payments and you can also make extra payments too if you like. Use the portability feature to transfer the loan to another property.
The Basics
Interest type -
Headline interest rate p.a. -
Max LVR -
Annual fee -
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 p.a. -
Introductory term -
Interest rate (p.a.) 1 year -
Interest rate (p.a.) 2 years -
Interest rate (p.a.) 3 years -
Interest rate (p.a.) 4 years -
Interest rate (p.a.) 5 years -
Interest rate (p.a.) 7 years -
Interest rate (p.a.) 10 years -
Interest rate (p.a.) 15 years -
Comparison rate (p.a.) 1 year -
Comparison rate (p.a.) 2 years -
Comparison rate (p.a.) 3 years -
Comparison rate (p.a.) 4 years -
Comparison rate (p.a.) 5 years -
Comparison rate (p.a.) 7 years -
Comparison rate (p.a.) 10 years -
Comparison rate (p.a.) 15 years -
Comparison rate p.a. -
Minimum loan term -
Maximum loan term -
Min loan amount -
Max loan amount -
Early repayments No
Redraw facility No
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 -
Valuation fee -
Subsequent valuation fee -
Valuation fee details -
Discharge fee -
Discharge fee details -
Legal fee -
Settlement fee -
Redraw fee -
* Important note: All product information comes from the product provider or an affiliate and to the best of our knowledge is correct at time of publishing.
Pros
- Guaranteed low rate for one year
- Loan portability
- Long maximum period
Cons
- Limited options available
More from Westpac
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