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- Well Equity Plus
Well Equity Plus
- Owner Occupied
- Variable
- 40% min deposit
- P&I
Interest rate p.a.
6.16%
Comparison rate* p.a.
6.19%
Well Equity Plus
- Owner Occupied
- Variable
- 40% min deposit
- P&I
Interest rate p.a.
6.16%
Comparison rate* p.a.
6.19%
Well Money Variable Rate Home Loan overview
For Well Equity Plus Home Loan (Principal and Interest)
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
Variable
Borrowing range
$100k - $2m
Suitable for
Line of Credit, Owner Occupiers
Loan term range
0 - 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 Well Money to view Target Market Determination.
Features
Extra repayments
Unlimited
Redraw facility
Redraw fee: $0
Offset account
Split interest facility
Loan portability
Repayment holiday available
Allow guarantors
Available for first home buyers
Other benefits
Available with 100% Bank Backed Offset
Fees
Total estimated upfront fees
$400
Application fee
$250
Legal fee
$0
Valuation fee
$0
Settlement fee
$150
Other upfront fee
$0
Ongoing fee
$0
Discharge fee
$300
Pros and Cons
For Well Equity Plus
Benefits
- Interest rates ranked in the best 20%
- No ongoing fees
- 100% full offset account
- Extra repayments and redraw facility
- Free redraw facility
- Split account option
Drawbacks
- Higher than average upfront fee
- Discharge fee at end of loan
- Maximum loan amount is limited to 60% of the property's value
