Bankwest Premium Select HL Bankwest Premium Select HL LVR <90% (Principal & Interest) (Owner Occupied)
3.99%p.a Standard Variable
Repayments calculated to take into account ongoing monthly and anual fees.
- Monthly repayment*
- rate per annum
Loan to Value Ratio
Borrow up to the maxium of 90% of the value of the property.
Lenders Mortgage Insurance, or LMI, will be payable on most loans where the borrowings are greater than 80% of the value of the property.
However, you may be able to capitalise LMI into your loan, increasing the overall loan amount by about 2% (in order to cover the cost of the insurance). Contact a loan market broker to find out how LVR and LMI might impact the cost of your loan repayments.
- Capitalise LMI
For Construction, Owner Occupied, and Vacant Land in NSW, NT, QLD, SA, WA, VIC, TAS, and ACT.
- 1 - 30 years
The level of financial documentaion and credit history required to apply for the loan.
- Full Doc
- Credit History
- Genuine Saving
Save on interest repayments by holding spare cash in an offset account.
- Offset account
Get quick access to cash by drawing on the loan to pay for renovations or other purchases.
- Redraw Facility
- Min Redraw
- Redraw fee
Given the wide range of loans on offer – with different interest rates, product features and fees – it pays to shop around to find the loan that fits your needs and circumstances. Some loans offer features that may be appropriate for your situation and result in savings over the life of the loan.
Some features you may wish to consider include:
- an offset account;
- ability to make extra repayments;
- a redraw facility; and
- linked credit card and savings accounts;
- ability to split your loan between fixed and variable interest rates
- Offset Account
- Redraw Available
- Credit Card
- Internet Banking
- Telephone Banking
- BPay Option
- Portability of Loan
- Professional Pack
- Check Account
- Direct Salary Credit
- Free Transactions
- Minimum Redraw
- Redraw Fee
You can make your repayments Fortnightly, Monthly, and Weekly.
- Interest Only Option
- Max Interest Only
- 0 years
Upfront fess associated with estabilishing the loan. Other loan set-up fees, such as valuation fees and lender's mortgage insurance, and Government charges, such as registration fees and stamp duty on property transfer, have not been included. These will be determined after application.
Monthly and annual fees and charges during the loan period.
Fees associated with prematurely ending the loan.
- Early Repayment
- Switch To Fixed
Bankwest will no longer accept applications from non-Bankwest customers for stand-alone refinance for investor purpose lending, please see below deal scenarios that will continue to be assessed: - Any purchase being investment and/or owner occupied purpose lending for new to bank - Any investment refinance for Bankwest customers - Any refinance that includes both investment and owner occupied purpose lending for both new to bank and Bankwest customers. Definition of Bankwest customer: Customer who has existing home loan lending OR has a transaction account open for a minimum of three months with activity on the account over the three months. LIMITED TIME SPECIAL OFFER NIL APPLICATION FEE ON ALL PREMIUM SELECT HOME LOAN APPLICATIONS Available Until Further Notice Bankwest is offering (until further notice) a Nil Application Fee on all Premium Select Home Loan Applications- this is a saving of $695. While this offer is available, Bankwest will also be waiving Premium Select top up fees. For more information please visit www.bankwestbrokers.com.au or contact your Partnership Manager for more details. OTHER PRODUCT INFO: THERE IS A MINIMUM LOAN AMOUNT OF $20,000. The Premium Select Home Loan is a variable rate home loan with an ongoing discount. Purpose: - For the purchase, re-finance or construction of an Owner Occupier or Investment residential property. - For any worthwhile personal purpose. Eligibility: - Personal Name borrowers - Guarantors acceptable. - Non Trading Co
LMI applicable above 80% LVR. Maximum LVR is inclusive of any capitalised LMI. Construction IO and single security (For P&I loans min loan amount of $100K required for capitalisation). QBE LMI set maximum loan amounts based upon a matrix of LVR and property location. Cash out option available. Conditions apply.
Genuine savings are savings, gifts or deposits made into accounts from sales of shares which have been held in the applicants name or account for a minimum of 3 months. Equity also accepted in an existing property cross-collateralised or funds drawn or sale proceeds. Note: FHOG not considered as genuine savings
Loan Increase Fee $295 App Fee includes legal fees for std mortg preparation and 1 std valuation. Addition to legal and val fee included in app fee, legal disbursements and additional Val Fee not ascertainable, varies according to transaction and solicitors used. Quoted legal fee will vary depending which solicitors used. Transfer Fee: $95. Portability Fee: $350. Home Loan Access Fee - $10 (min $1K online redraw free, no min) Partial Drawdown Fee: $100 Progress Paym Fee: $80