Westpac Premier Advantage Package ($250,000 plus)(Pro Pack)
Posted May 7th, 2010
and last modified January 30th, 2012
What happens when I click Enquire Now?
- 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
Many loans will often come with a variety of upfront fees that will need to be paid. These fees can include the application fees, legal fees and many more. These fees are charged to cover the general administration of the loan account and can end up costing you a lot of money. The Westpac Premier Advantage Package ($250,000 plus)(Pro Pack) is loan where you will not have to pay any of these fees. Instead you will pay an annual fee of $395 that covers all these costs for the term of the loan. The interest rates that are offered with the Westpac Premier Advantage Package ($250,000 plus)(Pro Pack) are:
Features of the Westpac Premier Advantage Package ($250,000 plus)(Pro Pack)
The Westpac Premier Advantage Package ($250,000 plus)(Pro Pack) home loan comes with a range of features that will help you save money and give you flexibility:
- Who is suited to this loan. The Westpac Premier Advantage Package ($250,000 plus)(Pro Pack) is only suited to owner occupiers and is only offered to them.
- Borrowing conditions. You can borrow from $250,000 to $10,000,000 on the Westpac Premier Advantage Package ($250,000 plus)(Pro Pack) and you will have to pay off the loan over a period of 30 years. You will be able to borrow up to 92% of the loan to value ratio on the Westpac Premier Advantage Package ($250,000 plus)(Pro Pack) before you will have to pay mortgage lenders insurance.
- Flexible repayment options. The Westpac Premier Advantage Package ($250,000 plus)(Pro Pack) adds some flexibility to the loan by allowing you to choose how you repay the loan. The Westpac Premier Advantage Package ($250,000 plus)(Pro Pack) home loan will allow to pay the loan with weekly, fortnightly or monthly repayments.
- Partial mortgage offset account. The Westpac Premier Advantage Package ($250,000 plus)(Pro Pack) also offers you a mortgage offset account that will save you money. The mortgage offset account is an account where you deposit money into the account. The funds in this account will be offset against the loan account when interest is calculated, this will reduce the amount of interest you pay on the loan and will reduce your repayments.
- Free redraw facility. The Westpac Premier Advantage Package ($250,000 plus)(Pro Pack) also adds flexibility to your loan by allowing you to redraw money that you have paid onto the loan. This means that if any unexpected bills arise and you need extra money you will be able to access funds quickly. The repayments of your loan will however increase as a result as the amount you have to pay off during the course of the loan will be increased.
If you have need some flexibility with your loan the Westpac Premier Advantage Package ($250,000 plus)(Pro Pack) loan allows you to pay off the loan the way you would like.
Read the Westpac Premier Advantage Package ($250,000 plus) (Pro Pack) terms and conditions.
| Minimum Loan Amount | $250,000 | |
|---|---|---|
| Maximum Loan Amount | $10,000,000 | |
| Maximum LVR | 92% | |
| Maximum Insured LVR | 92% | |
| Mortgage Offset Account | Yes | |
| Loan Redraw Facility | Yes | |
| Split Loan Facility | No | |
| Fixed Interest Option | No |
| Interest Rate Type | Fixed | |
|---|---|---|
| Interest Rate | 6.39% | |
| 2 Year Fixed Rate | 7.34% | |
| 3 Year Fixed Rate | 7.59% | |
| Repayment Type | Interest Only | |
| Repayment Frequency | Weekly | |
| Extra Repayments | No |
| Application Fee | $0 | |
|---|---|---|
| Service Fee | $395 | |
| Exit Fee | $295 | |
| Early Termination Fee | $0 |
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