Premier Advantage Rocket Repay Home Loan Premier Advantage Rocket Repay Home Loan $250K - $499K (Principal & Interest)
4.52%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 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.
- Ongoing Yearly
Fees associated with prematurely ending the loan.
- Early Repayment
- Switch To Fixed
$1,250 Refinance Rebate for clients applying for a new Westpac consumer Owner Occupier or Investment home loan under the Premier Advantage Package (PAP). Eligibility: - $1,250 Refinance Rebate is available for new Westpac Owner Occupier or Investment home loans under the Premier Advantage Package (PAP). - "$1,250 Refi Rebate must be noted in your application comments when submitting the application for an eligible home loan. - Only 1 rebate per property refinance will be paid regardless of the number of loans involved. - Rebate will be automatically deposited into the customers Westpac home loan account within 2 months of settlement. - Minimum loan size of $150,000. - Annual Premier Advantage Package (PAP) fee of $395 applies. - The client must either hold or be approved for a Westpac Choice transaction account in order to qualify and continue to receive the benefits of the Premier Advantage Package. - This offer can be withdrawn at any time. Exclusions: - This offer is not available for refinances of home loans within the Westpac Group, which includes refinances from Westpac, St.George, Bank of Melbourne, BankSA and RAMS. - This offer is not applicable for residential lending originated under family or company trusts. - Based on package eligibility this offer is not applicable for use with Flexi First Option Home Loans and Flexi First Option Investment Loans. - This offer is not applicable for Non-Residential Lending. - This offer is not available in conjunction with any other offer. SPECIAL - Extension of Premier Advantage Package offer. Full Doc only. If a customer chooses not to have a transaction account, they will not be eligible for the Premier Advantage Package. A discounted Establishment applies. This fee applies to each loan if taken as part of a combination. The Annual Package Fee will also apply. $300 once off Progress Draw Fee applies for construction loans. Combination loans not allowed with construction loans. Redraw not available until construction loan is fully drawn. Can only Switch between other Low Doc Loans in the First 3 years. Can only be taken in combination with other Low Doc loans. Customers refinancing to Westpac under PAP are eligible. Further Conditions for Low Doc Applications: - The main income earner must be self-employed for a minimum of 2 years and must be entered as the primary applicant, and - Irrespective of the number of applicants the total self employed income of the application must be >50% of all income entered Note: Where the primary applicant has less than 2 years in self employment but can demonstrate a long term history in the same industry, the application can be referred to credit for consideration.
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 applicable above 80% LVR. The maximum LVR available will be 95% (inclusive of any capped mortgage insurance premium). Refinances limited to 90% max LVR except WBC loan refinances where the customer is returning to construct or improve property.
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.
$300 once-off progressive draw fee applies for construction. Redraw not available during any construction period.