Westpac Rocket Repay

Westpac
Headline interest rate p.a.
8.11%
Max LVR
-
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 Variable rate

Headline interest rate p.a. 8.11%

Max LVR -

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 p.a. 7.55%

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 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 -

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

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

Cons

  • $*** Annual fee
 
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home > compare home loans > Westpac home loans > Westpac Rocket Repay