Online Investing Variable

Westpac was first established in 1817 as the Bank of New South Wales. After a rich history of mergers and acquisitions Westpac is now the third largest bank in Australia after nab and The Commonwealth Bank. Westpac’s businesses are divided into six key business areas: Consumer Financial Services, Business Financial Services, BT Financial Group Australia, Westpac Institutional Banking (WIB), New Zealand Banking and Pacific Banking. Its Consumer Financial Services unit is responsible for the sales, services and development of consumer products throughout Australia. This includes deposit accounts, transaction accounts, credit cards, mortgages personal loans and car loans. Westpac holds a large market share in home lending and is listed in the top 10 of publically listed companies on the Australian Securities Exchange Limited (ASX). In March 2008 the Westpac Group reported an after tax net profit of $2,202 million.
Company Westpac
Advertised Rate 5.20%
Interest Charged Arrears
Number of Approved Stocks 295
Retail Funds 266
Wholesale Funds
Buffer Margin Shares 10%
Buffer Margin Funds 10%
Average LVR Shares 65%
Average LVR Funds 74%
Minimum Amount $20,000
Maximum Amount $500,000
Star Rating Managed Fund Not Rated
Star Rating Share Investor

Product Features

Are international shares available for this product?
If instalment gearing is available on this loan. Instalment gearing is where you invest in managed funds on a monthly basis using your money as well as money borrowed
The buying and selling of stock and index options in the capital market so as to speculate for leveraged profits in every market condition or perform hedging to reduce portfolio risk
If the loan can be secured against both property and shares or both

These products are ranked by advertised rate on a loan amount of $30,000.

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