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- Back to Basics Home Loan Introductory Offer (Principal & Interest) (LVR < 60%)
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%
Calculate your repayments for this loan
$
Your estimated repayment
$2,978
based on 500000 loan amount for 25 years at 6.29%
Monthly Repayment
$2,978
Total interest
$608,580
Total payments
$1,108,580
Start date
05-2024
End date
05-2049
$1,108,580
025 years
Principal owed
Total repayments owed
Interest owed
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
Bank WAW Intro 24 months Rate Home Loan overview
For Back to Basics Home Loan Introductory Offer (Principal & Interest) (LVR < 60%)
Details
Maximum LVR
60%
Total repayments
$1,108,580
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
