The main benefit of packaging your mortgage with the Complete Loan is that you save on numerous home loan fees as well as credit card fees by having them bundled into an annual charge.
You can choose either a variable, fixed or equity loan, depending on their needs, to bundle with their other Bankwest products. It is also possible to split your loan between both a fixed and variable rate.
Depending on the loan you choose for the package you may be able to take advantage of a variety of features. These include a 100 per cent offset account, extra repayments and a redraw facility. These features can assist in reducing the amount of interest charged over the life of the loan.
The Bankwest Complete Loan is good for existing customers of Bankwest who want to keep all their personal banking products under the one roof. It is also good for customers shopping around for a competitive package loan. While the annual fee of this package loan is the same of that charged by the big four banks, Bankwest offers more competitive interest rates.
The Bankwest Complete Loan is a competitive package loan for borrowers who are looking to keep all their personal banking products with the one bank. Bankwest offers customer service in-branch, via a call centre and through online chat, so customers can easily get in touch with a representative when needed.
While the annual fee is higher than most standard loans, it is comparable to the big four bank package loan fees so is fairly standard for this type of deal. As Bankwest offers a range of loans for owner-occupiers and investors, it is likely that you could find a mortgage to suit their needs if you do wish to package your products with this lender.
The Complete Loan can be packaged with a variety of home loans offered by Bankwest.