Westpac Rocket Repay

Westpac
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Headline interest rate
5.81%
Max LVR
100%
Annual fee
-

Moneybuddy says

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.

The Basics

Interest type -

Headline interest rate 5.81%

Max LVR 100%

Annual fee -

The cool stuff: features

Draw down loan progressively Yes - $200 fee applies

Insurance details -

Loan is Transferable Yes

Line of credit available Yes

Product suits Owner - Occupier

The Facts & Figures

Introductory rate -

Introductory term -

Interest rate 1 year -

Interest rate 2 years -

Interest rate 3 years -

Interest rate 4 years -

Interest rate 5 years -

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 8.78%

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 Yes

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 -

* 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.

Pros

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

Cons

  • $199 Annual fee

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home > compare home loans > Westpac home loans > Westpac Rocket Repay