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- Back to Basics Introductory Offer
Back to Basics Introductory Offer
- Owner Occupied
- Variable
- 40% min deposit
- P&I
Interest rate p.a.
5.94%
Comparison rate* p.a.
6.27%
Back to Basics Introductory Offer
- Owner Occupied
- Variable
- 40% min deposit
- P&I
Interest rate p.a.
5.94%
Comparison rate* p.a.
6.27%
Bank WAW Intro 24 months Rate Home Loan overview
For Back to Basics Home Loan Introductory Offer (Principal & Interest) (LVR < 60%)
Principal & Interest (P&I)
Loan type
Loan to value ratio
Interest rate
Comparison rate
Interest only
Loan type
Loan to value ratio
Interest rate
Comparison rate
Details
Maximum LVR
60%
Total repayments
Interest rate type
Intro 24 months
Borrowing range
$45k - $3.5m
Suitable for
Owner Occupiers
Loan term range
1 - 30 years
Repayment type
Principal and Interest
Applicable states
ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Repayment options
Fortnightly, Monthly, Weekly
Target Market Determination
Visit Bank WAW to view Target Market Determination.
Features
Extra repayments
Unlimited
Redraw facility
Offset account
Split interest facility
Loan portability
Repayment holiday available
Allow guarantors
Available for first home buyers
Other benefits
Fees
Total estimated upfront fees
$600
Application fee
$600
Legal fee
$0
Valuation fee
$0
Settlement fee
$0
Other upfront fee
$0
Ongoing fee
$0
Discharge fee
$250
Pros and Cons
For Back to Basics Introductory Offer
Benefits
- Interest rates ranked in the best 20%
- No ongoing fees
Drawbacks
- No redraw and no offset
- Loan reverts to higher rate after introductory period
- Higher than average upfront fee
- Discharge fee at end of loan
- Maximum loan amount is limited to 60% of the property's value
- No repayment holidays
