Bankwest Lite Home Loan

Variable home loans usually have low interest rates and a lot of features that can help you save. The Bankwest Lite Home Loan offers both these while giving you the flexibility that you expect with variable home loans. The Bankwest Lite Home Loan offers you a low variable interest and a range of features to help you save. This article will explain what the Bankwest Lite Home Loan offers and what the main features are.

Bankwest Lite Home Loan

In addition to the low interest rate of the Bankwest Lite Home Loan there are many features that are available to help you save money. These features are:

• Flexible repayments. The Bankwest Lite Home loan has flexible repayment options so the repayments suit your lifestyle. You can choose between weekly, fortnightly or monthly principal and interest payments.
• How much can you borrow. The minimum loan size is $0 and people who are new to Bankwest can borrow up to 85% of the property value. However, existing Bankwest customers get a concession with being able to borrow up to of the property value (conditions apply).
• · Repayment of application fee. Your application fees can be expensive when you first start setting up your loan. If you keep paying your Lite Home Loan for 3 years the application fees will be returned to you.
• Pay only the interest. Sometime over the course of the loan you may need to reduce your payments because extra costs may come up. The Bankwest Lite Home Loan allows you to pay only the interest for a period of time. This will reduce the total amount you pay quite dramatically and allow you to put the extra money aside to pay for other things. This is also a handy feature for investors. You may have an investment that needs time to start returning funds. The interest only option allows you to focus the funds on the investment and come back to the Bankwest Lite Home Loan when you are able.
• You can make additional repayments. TheBankwest Lite Home Loan allows you to make additional payments. For no extra charge you are able to make additional payments to reduce the amount of interest that is charged to your account. This allows you to put your tax returns and any additional money that comes your way straight on your loan. By reducing the interest paid you will reduce the total amount you pay on the loan.
• Online redraw facility. The Bankwest Lite Home Loan allows you to redraw the equity from your home or additional payments you may have made. You may want to use this extra cash to invest, pay an unexpected bill or renovate your current home. You can redraw up to $5,000 dollars a day using BPay or Pay Anyone account facilities. However, buy using this facility the amount of interest you are charged will be increased. The Bankwest Lite Home Loan redraw facility is a free service with no minimum amount.
• Fees. The application fee that is charged with the Bankwest Lite Home Loan covers one standard valuation of your house and the legal costs. A great feature of the Bankwest Lite Home Loan is that there are no ongoing fees to worry about.

If you are looking to apply for a Bankwest Credit Card, consider the low interest rate Bankwest Lite credit card – currently the lowest purchase rate MasterCard in Australia.

The Bankwest Lite Home Loan is a great all round home loan. It has the low interest rate that you expect with the variable interest rate loans. In addition to this, the Bankwest Lite Home Loan offers you many features that can help save you money over the course of your loan. The flexibility of these features ensures that the Bankwest Lite Home Loan can be suited to your personal needs and that you will save money so contact Home Loan Finder today and we can help you secure an interest rate lower than Bankwest can offer, and even lower than a broker.