Flexi First 5 Years Introductory Variable Flexi First 5 Years Introductory Variable (Principal & Interest) (Owner Occupied)
4.59%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
- Internet Banking
- Telephone Banking
- Credit Card
- 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
The First Time Buyer offers are only available for First Time Buyers only. First Time Buyers are applicants applying for their first home loan for their first property. For joint home loan applications, all applicants must be First Time Buyers. These offers are valid for applications from Wednesday 14 March 2018 and may be varied or withdrawn at any time. Available for new lending and Principal and Interest Repayments only. Not available to company and trust account holders. First Time Buyer offers can be taken together however cannot be taken in conjunction with, or in addition to other special offers, negotiated rates or discounts. Based on Westpac's credit criteria, residential lending is not available for Non-Australian Resident borrowers Includes a discount off our Flexi First Option Home Loan Variable Rate for five years from loan settlement date reverting to the then applicable variable Flexi First Option Home Loan interest rate for the remaining loan term. Interest rates are subject to change. Brokers must include Flexi First 5yr promo in the comments section of the application in order for client to receive the offer discount. For more information, please visit Westpac BrokerBase or contact your local Business Development Manager.
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)
$0 Establishment Fee $0 Monthly Account Fees