Westpac Premier Advantage Package ($150,000-$249,999)(Pro Pack)
Posted May 7th, 2010
and last modified January 30th, 2012
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- Clicking Enquire Now will take you to the lender's website
- After completing the contact form, a mortgage expert will contact you
- The mortgage expert will ensure you find the right loan, calculate your repayments, and explains all the associated fees
- After going through the enquiry process you will be able to know how much you can borrow, begin your application when you are ready to apply and be approved for a home loan
Westpac Premier Advantage Professional Package ($150,000-$249,999)
Australian mortgage providers have a lot of home loans with different features designed to suit the needs of borrowers, but many non-bank lenders have a limited range of financial products to offer. If you are looking for a combination of banking solutions that meets all of your financial needs – not only home loans but also transaction accounts, credit cards and insurance – and save on interest and accounting fees, you will be interested in a professional package from one of Australia’s major banks, Westpac.
Australian mortgage providers have a lot of home loans with different features designed to suit the needs of borrowers, but many non-bank lenders have a limited range of financial products to offer. If you are looking for a combination of banking solutions that meets all of your financial needs – not only home loans but also transaction accounts, credit cards and insurance – and save on interest and accounting fees, you will be interested in a professional package from one of Australia’s major banks, Westpac.
Features and benefits of Westpac Premier Advantage Package ($150,000-$249,999) (Pro Pack)
Professional Packages (pro packs) are home loans bundled together with other banking products, and offer the potential for savings on home loan interest together with fee-free home loans and discounts on savings account fees. Some of the main features of Westpac Premier Advantage Package ($150,000-$249,999) (Pro Pack) are:
- Savings on home loan establishment fees and monthly account fees. The Premier Advantage Pro Pack eliminates upfront loan establishment fees of $600, and ongoing loan maintenance fees of $8 per month on Rocket repay and Fixed Rate Options home loans and $10 per month on Equity access loans.
- Other savings on home loan fees. Westpac Premier Advantage package also offers potential additional savings of $400 on top up fees when the loan limit on Rocket Repay or Equity Access loans is increased, $300 on portability fees when a security is moved, and $300 on loan switching fees.
- Savings on monthly savings account fees. Monthly service fees may be waived on your Westpac Choice savings account, a saving of up to $60 per year.
- Savings on annual credit card fees. Annual fees may be waived on Westpac’s 55 Day Gold, Altitude or Altitude Gold credit cards.
- Other bonuses and discounts. Savings are available on a range of Westpac products including home and contents insurance, landlords’ insurance, term deposits, superannuation accounts and other wealth management products.
- Who is eligible to apply for the package? The Westpac Premier Advantage Package ($150,000-$249,999)(Pro Pack) is available for owner occupiers and investors wishing to borrow between $150,000 and $249,999.
- What are the fees and charges? Westpac Premier Advantage Package is available for $395 per year.
A professional package from Westpac combines home loan and other banking products and has the potential for saving you many thousands of dollars in interest and fees. In addition, a professional package allows you to obtain all of your banking needs from a single provider.
Read the Westpac Premier Advantage Package ($150,000 - $249,999) (Pro Pack) terms and conditions.
| Minimum Loan Amount | $150,000 | |
|---|---|---|
| Maximum Loan Amount | $249,999 | |
| Maximum LVR | 92% | |
| Maximum Insured LVR | 92% | |
| Mortgage Offset Account | No | |
| Loan Redraw Facility | No | |
| Split Loan Facility | No | |
| Fixed Interest Option | No |
| Interest Rate Type | Variable | |
|---|---|---|
| Interest Rate | 6.39% | |
| Repayment Type | Interest Only | |
| Repayment Frequency | Weekly | |
| Extra Repayments | No |
| Application Fee | $0 | |
|---|---|---|
| Service Fee | $395 | |
| Exit Fee | $250 | |
| Early Termination Fee | $0 |
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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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 State Custodians Mortgage Company Standard Variable Offset Loan | Awarded Mortgage of the Year 2012 – this multi-award winner features 100% offset and a loyalty 0.25% rate drop after 5 years. | 6.02% | 6.23% | $0 / $345 | 95% | $150,000 / $1,000,000 |
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 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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