Bankwest Rate Tracker Home Loan
Bankwest is always coming up with some interesting deals and offers. Who could forget their singling flower on TV, a lovable take on the idol of the credit card industry.
Their latest home loan offer, titled a Bankwest Rate Tracker Home Loan your interest rates will be slashed a full 1% from the average standard variable rate offered by the major Four Banks in Australia. The special introductory rate will be good for two years.
In the absolute definite of soon-to-follow interest rate hikes this is a surefire deal to save some money for the time being. You might think gee, 1% is nothing, but when you bank a $400,000 home loan it quickly becomes apparent that the savings can be quite substantial.
Bankwest Rate Tracker Home Loan features:
If you want to know how the Bankwest Rate Tracker Home Loan works you first need to understand what you’ll be getting by signing the contract. The following features should give you a good overview of the benefits:
- Without a doubt the single best feature of the Bankwest Rate Tracker Home Loan is the reduced interest rate -1% from the standard variable home loan rate for two years. The rate will be calculated each month.
- You’ll only pay a single establishment fee.
- If you pay out your home loan ahead of schedule you won’t have to pay early repayments and no exit fees.
- If you are a new Bankwest customer you can borrow up to 95% of the property value.
- Existing Bankwest customers can do one better, they might get up to 95% of the property value. Please note that conditions apply.
- If you pay more than necessary you can also access your surplus funds with an Online Redraw Facility.
The perfect home loan for prospective first time buyers with little savings:
If you considered applying for a mortgage and the only thing that held you back was the fact that you are a little on the cash-strapped side then the Bankwest Rate Tracker Home Loan could well work in your favour this time.
Image source: bankwest.com.au
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- Bankwest Lite Home Loan
- How to apply for a Bankwest Home Loan
- Bankwest Mortgage Shredder Variable Introductory Rate
- Bankwest Lite Plus Home Loan over $1,000,000
- Bankwest Fixed Home Loan
- Bankwest Mortgage Shredder Fixed Introductory Rate
- Refinance your Home Loan or Switch to Bankwest
- Bankwest Easy Doc Home Loan
Top Home Loans
| Home Loan | Details | Interest Rate (p.a.) | Comp Rate^ (p.a.) | App Fee / Ongoing Fee | Max LVR | Min & Max Borrowing | |
|---|---|---|---|---|---|---|---|
 Loans.com.au - Dream Catcher​ | A home loan offer with a $0 application fee and one of the lowest available home loan interest rates. | 5.85% | 6.21% | $0 / $375 | 80% | $50,000 / $750,000 |
 
|
 Bankwest Online Home Loan | A low interest rate home loan with a $0 application fee and ongoing maintenance fees. This offer is exclusively available by applying online. | 5.97% | 5.97% | $0 / $0 | 80% | $100,000 / $1,000,000 |
|
 Illawarra Home Loans Bank Beater Home Loan | A low variable rate, beaten down even further by 0.05% p.a. after 5 years. | 6.07% | 6.35% | $0 / $345 | 90% | $250,000 / $1,000,000 |
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 State Custodians Mortgage Company Standard Variable Offset Loan | Awarded the 2011 Non bank Lender of the Year this feature-packed loan rewards customers with a bonus rate drop of 0.25% after 5 years. | 6.02% | 6.23% | $0 / $345 | 95% | $150,000 / $1,000,000 |
|
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