Westpac Premium Option with 1 Year Guaranteed Rate

Westpac
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Headline interest rate p.a.
-
Max LVR
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Annual fee
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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
 
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