Bankwest Lite Plus Home Loan $250,000 to $1,000,000
Posted July 22nd, 2010
and last modified January 31st, 2012Home loans generally offer more features with the more money that you borrow. For larger loans the Bankwest Lite Plus Home Loan $250,000 to $1,000,000 offers you many features and additional accounts.
Features of the Bankwest Lite Plus Home Loan $250,000 to $1,000,000
The Bankwest Lite Home Loan $250,000 to $1,000,000 offers a range of features that assist you in saving money. The additional features of the Bankwest Lite Home Loan $250,000 to $1,000,000 are:
- Flexible repayments. The Bankwest Lite Home Loan $250,000 to $1,000,000 has flexible repayment options so the repayments suit your income. You can choose between weekly, fortnightly or monthly principal and interest payments.
- How much can you borrow. Existing Bankwest customers get a concession for being a loyal customer with being able to borrow up to of the property value (conditions apply). People who are new to Bankwest can borrow up to 85% of the property value. The minimum loan size is $0.
- ยท 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.
- You can make additional repayments. With theBankwest Lite Home Loan $250,000 to $1,000,000 you are able to make additional payments. Using this feature you can make additional payments whenever you would like.This means that if you get any extra money you are able to put it on your loan and reduce the interest that is charged to your loan. This will save you money and help you pay off your loan quicker.
- Online redraw facility. The Bankwest Lite Home Loan $250,000 to $1,000,000 allows you to redraw money from your loan account. This can be in the form of either the equity from your home or additional payments you may have made. This option is popular with investors as it allows you to gain quick access to your funds to allow you to invest. Once your investments start bringing in a return you can just take advantage of the free additional payments feature and pay the extra amount back.
Additional features of the Bankwest Lite Plus Home Loan $250,000 to $1,000,000
The Bankwest Lite Home Loan $250,000 to $1,000,000 offers extra features because you are borrowing some extra money. These features are:
- Transaction account and credit card. In addition to the regular Bankwest Lite home loan package you receive a transaction and credit card account for only p.a. The Lite Direct Transaction Account has no monthly account fees to ensure you keep saving.
- No annual fee. In addition to the accounts with no monthly fees there are also discounts you receive on the credit card account. The Bankwest Lite Plus Home Loan $250,000 to $1,000,000 has no annual fee on the credit card.
By borrowing more funds you often get more features. The Bankwest Lite Home Loan $250,000 to $1,000,000 offers many great features and extra account. With all the added features, the low interest rates and the fee free accounts, you are in a great position to save money over the course of your loan.
Read the Bankwest Lite Plus Home Loan $250,000 to $1,000,000 terms and conditions.
| Minimum Loan Amount | $250,000 | |
|---|---|---|
| Maximum Loan Amount | $1,000,000 | |
| Maximum LVR | 95% | |
| Maximum Insured LVR | 95% | |
| Mortgage Offset Account | Yes | |
| Loan Redraw Facility | Yes | |
| Split Loan Facility | No | |
| Fixed Interest Option | No |
| Interest Rate Type | Variable | |
|---|---|---|
| Interest Rate | 7.08% | |
| Comparison Rate | 7.41% | |
| Repayment Type | Principle & Interest | |
| Repayment Frequency | Weekly | |
| Extra Repayments | Yes |
| Application Fee | $0 | |
|---|---|---|
| Service Fee | $360 |
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| Home Loan | Details | Interest Rate (p.a.) | Comp Rate^ (p.a.) | App Fee / Ongoing Fee | Max LVR | Min & Max Borrowing |
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