Flexi First 2 Years Introductory Variable Flexi First 2 Years Introductory Variable (Principal & Interest) (Owner Occupied)
4.44%p.a Basic 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 95% 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
New Lending only available for a limited time. Discount for the first two years Further T&Cs apply see Pricing and Policy update attached. Must note in your application Flexi First 2yr intro 2017 Eligibility - Flexi First Option Home Loan and Flexi First Option Investment Property Loan offers are applicable to new lending on Principal & Interest repayments and available for a limited time only. - No discounts available for Interest Only repayment types. - Discounts do not apply to internal refinances and are not transferable between loans. - Not available to Non-Resident borrowers. - $0 establishment fee applies to Flexi First Option Home & Investment Loans with Principal and Interest repayment types. Repayment payments are to be by direct debit (DDR) from a suitable Westpac account.
Foreign Income Policy Non residents - no lending permitted Temporary visa holders - no lending for foreign income, 70% LVR for applications involving AUD Australian citizens - 70% New Zealand citizens - 70% Permanent visa holders - 70% * Applications for new purchases only - any refinances or cash out are not permitted. LMI required above 80%. Max LVR 90% inclusive of LMI cap (if all security is non-owner occupied) Max LVR 95% inclusive of LMI capitalisation (if at least 1 security being owner occupied)
5% Genuine Savings must be validated and verified for all mortgage insured applications where the LVR is >85%. Land Purchase, Construction and Renovation Loans: - If the property has been held for 3 months or more then treat as an existing property holding with any equity in the property counting towards the genuine savings. - If the property has been held for less than 3 months then the original purchase and the new application can be treated as one application for genuine savings purposes. Calculate the genuine savings applicable to the total new application then deduct any genuine savings that were verified in the original purchase to leave the net genuine savings required for the new application. Proposals involving Investment loans with LVR > 90% requires applicants to demonstrate 10% equity in another property. The 10% Equity is to be qualified using the applicants estimated Market Value of their existing residentail property's against the total current exposure. Current exposure is to be calculated on loan account limit and not loan account balance.
Portability Yes. $350 per move. Progressive drawdown: $95 per draw. $350 Top-up fee $350 Top-up (with portability) $200 Guarantor fee where guarantee is selected.