Westpac Rocket Repay
5.81%
100%
-
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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