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Westpac Rocket Repay by Westpac
Westpac Rocket Repay
Institution : WestpacTheir Blurb
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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
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| The Facts & Figures | |
|---|---|
| Min Loan Amount | - |
| Repayment Holiday | Yes |
| Introductory Term | - |
| Max Loan Amount | - |
| Ability to Split Loan | No |
| Max LVR | - |
| Loan Type | Standard variable rate loan |
| Extra Repayments | Yes |
| Minimum Loan Term | - |
| Early repayments | No |
| Offset Account Available | Yes |
| Maximum Loan Term | 30.00 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 Progressively | Yes - $200 fee applies |
| Valuation Fee | - |
| Loan is Transferable | Yes |
| Legal Fee | - |
| Line of Credit Available | Yes |
| Required Insurance | - |
