Complete Variable Home Loan Complete Variable Home Loan LVR >95% (Principal & Interest) (Owner Occupied)
5.29%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 98% 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.
- Ongoing Yearly
Fees associated with prematurely ending the loan.
- Early Repayment
- Switch To Fixed
THERE IS A MINIMUM LOAN AMOUNT OF $200,000 (NO MAXIMUM) AND ADDITIONAL BORROWINGS CAN BE $20,000 OR GREATER. The Complete Equity Home Loan is an ongoing source of instant, low cost finance which is secured against the equity in your house. The facility is a revolving line of credit with the option of a Debit MasterCard. The loan has a fully fluctuating variable rate which can be used for personal purposes. The facility must not go in to credit at any time. Once established there is no need for future applications unless you want to increase your credit limit. Complete Equity is available whenever you want to use it for whatever purpose you choose. This product is only available under the Complete Home Loan Package. Purpose: Owner occupier or investment housing loan or other personal investments. To be eligible, there are additional products the customer must take. Refer to the Additional Products section. Retail exposures are considered retail consumer in nature where they are to an individual/s (that is a natural person/s). This includes exposures to family trusts with individual trustees. Features: The account offers the following optional features: Debit MasterCard - Electronic access (ATM / EFTPOS) - Cheque book - Periodical payments - Direct debit facility - Direct credits to the account - Bankwest online banking - FastPhone - BPay - Transactions through Australia Post (BankPost) and Bankwest Stores. Term: Subject to annual review. Extra repayments: Surplus repay
Maximum LVR 98% inclusive of any capitalised LMI. Security lending margin (SLM) may differ for country and regional areas. QBE restrictions apply.
Loan applications for purchases where the LVR >90%, will require genuine savings of at least 5% of the total property purchase price. Refinance applications do not require genuine savings (Max LVR remains at 90%). New purchase applications can be accepted up to 95% LVR and existing policy requirements must also be met: Good credit history, new customers >90% LVR . 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
Transfers within the Package (e.g. from Complete Variable to Complete Fixed) will not incur the fee. Waivers of the home loan transfer fee will no longer be accepted. Legal disbursements and additional Val Fee not ascertainable, varies according to transaction and solicitors used. Quoted legal fee will vary depending which solicitors used.