home loans » westpac » westpac rocket repay

Westpac Rocket Repay by Westpac


Westpac Rocket Repay

Institution : Westpac

Their Blurb

-

Our View

Save interest on your home loan with the Westpac Rocket Ready home loan. Deposit your wage or savings into a linked account and save because you reduce interest on your loan. This means years could be taken off your loan term. You also have access to a line of credit allowing you to use equity. You can also port your loan to another property at no extra cost.

Pros

  • Free loan transfer
  • Free redraws
  • Parental leave for 6 months

Cons

  • $199 Annual fee



The Facts & Figures 
Min Loan Amount -
Repayment Holiday Yes
Introductory Term -
Max Loan Amount -
Ability to Split Loan No
Max LVR -
Loan TypeStandard variable rate loan
Extra Repayments Yes
Minimum Loan Term -
Early repayments No
Offset Account Available Yes
Maximum Loan Term30.00 years
Redraw Facility Yes
Special offers -
The cool stuff: features 
Settlemet Fee -
Redraw fee -
Application Fee$ 600.00
Interest only Payments Yes
Administration Fee (monthly) -
Draw Down Loan ProgressivelyYes - $200 fee applies
Valuation Fee -
Loan is Transferable Yes
Legal Fee -
Line of Credit Available Yes
Required Insurance -
Back