Bankwest Fixed Home Loan

Fixed loans offer you the security of knowing what your monthly payments are going to be. With this added security these fixed loans usually have fewer features and less flexibility. The Bankwest Fixed Loan however, gives you the security of the knowing what your payments are while providing you with the opportunity to make the loan suit you a bit better.

Home Loan	Details	Interest Rate (p.a.)	Comp Rate^ (p.a.)	App Fee / Ongoing Fee	Max LVR	Min & Max Borrowing
Bankwest Fixed Rate Home Loan – 1 Year Fixed Rate	Bankwest 12 month fixed rate.	6.39%	7.10%	$700.00 / $12	95%	$20,000 / $10,000,000
Bankwest Fixed Rate Home Loan – 2 Year Fixed Rate	Bankwest 2 year fixed rate.	6.39%	7.04%	$700.00 / $12	95%	$20,000 / $10,000,000
Bankwest Fixed Rate Home Loan – 3 Year Fixed Rate	Bankwest 3 year fixed rate.	6.33%	6.97%	$700.00 / $ 12	95%	$20,000 / $10,000,000
Bankwest Fixed Rate Home Loan – 5 Year Fixed Rate	Bankwest 5 year fixed rate.	6.74%	7.05%	$700 / $12	95%	$20,000 / $10,000,000

Bankwest Fixed Loan

The Bankwest Fixed Loan offers you a loan package that is stable and packed full of features. The additional features of the Bankwest Fixed Loan are:

• Conditions of borrowing. New customers may borrow up to 85% of the property value. Existing Bankwest home loan customers who meet the conditions may borrow up to 95% of the property value.
• Flexible repayment options available. With the Bankwest Fixed Loan you can choose between weekly, fortnightly or monthly principal and interest repayments.
• Interest offset facility. The Bankwest Fixed Loan allows you to offset you loan with savings in another account. If you have any funds in the offset account 40% of these funds are taken into consideration when calculating interest. So the more funds you have in the offset account the less interest you will pay over the course of your home loan. You will always have access to these funds as they offset account is treated like a regular transaction account.
• You can make additional repayments. You can make additional payments on yourBankwest Fixed Loan for no extra charge. By making extra payments you reduce the total amount of interest that is charged. This will reduce the total amount you pay on the loan.
• Online redraw facility. The online redraw facility allows you to redraw the equity or additional funds you have paid at any time. You can redraw whenever you want for no charge with no minimum amount. You can make any online Pay Anybody and BPay payments up to the value of $5,000 a day. You may need the extra money to make renovations go on a holiday or for an unexpected cost. With the Bankwest online redraw facility you can always have easy access to your cash whenever you want for no extra charge.
• Pay only the interest. When making regular repayments you are paying both the interest and principal portions of the loan. With the interest only option with the Bankwest Fixed Loan you can pay only the interest portion of the payments for a period of time. This can allow you to set money aside for other payments or save money for a special treat for you and your family. The interest only option is just another feature of the Bankwest Fixed Loan that gives you the added flexibility you need with a home loan.
• Fees. The Bankwest Fixed Loan offers a once off application fee that covers one standard valuation of your house and the legal costs associated with the valuation. Furthermore, the Bankwest Fixed Loan offers a low monthly maintenance fee. At the end of your loan early termination and excess repayment fees may apply.

Sometimes with fixed rate interest loans you can be stuck with a loan that does not have any of the features of the variable rate loans. With the Bankwest Fixed Loan you have the advantage of having the security of the fixed rate loans while being able to take advantage of the interest offset facility, redraw facility and the interest only option. With these added features you have a fixed loan that can be flexible to suit your needs.