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Westpac

Basic Variable Rate (Flexi First Option) Home Loan

Advertised Rate

1.99

% p.a

Intro 24 months

Comparison Rate*

2.42

% p.a

Maximum LVR
70%
Real Time Rating™

4.32

/ 5
Monthly Repayment

$1,568

based on $350,000 loan amount for 25 years at 1.99%

Advertised Rate

1.99

% p.a

Intro 24 months

Comparison Rate*

2.42

% p.a

Maximum LVR
70%
Real Time Rating™

4.32

/ 5
Monthly Repayment

$1,568

based on $350,000 loan amount for 25 years at 1.99%

Calculate your repayments for this loan

I'd like to borrow

$

Loan term

years

Your estimated repayment

$1,568

based on $350,000 loan amount for 25 years at 1.99%

Westpac home loans are available through brokers who can help find the right loan and manage your application at no charge.

Russel Gomes

Get expert advice from a home loans specialist.

In recent times, I found myself lucky to be employed in a Family-owned accountant firm. Before my departure, I've had the opportunity to meet the right network and create further opportunities. As time progressed, I became more intrigued with the financial sector and took a steady approach to get involved in the lending industry. I have completed my studies in Cert IV Finance and Mortgage Broking and hold accreditations with 40 different lenders, big and small, with which I have a good relationship. I don't shy away from complex scenarios and take what I know from each deal to improve my skills. I build on my strengths and work on my weaknesses by believing that communication and time management are the foundation for building my principles.

VIC3977

CRN: 532008

Vini Paulatti

5.0
4 Reviews

Get expert advice from a home loans specialist.

Specialized in investment property (residential, commercial, trust and SMSF). Have helped many clients to overcome the borrowing capacity limitation they all face when start building an investment property portfolio. Helped many clients to refinance and reduce their home loan repayments, allowing then to increase their savings to contribute towards the next investment property purchase. Our mission is to simplify the loan process to our clients and at the same time add value to our clients to keep then with us in a long term.

VIC3750

CRN: 527259

Daniel Tetlaw

Get expert advice from a home loans specialist.

I enjoy working with clients to understand their goals and deliver great outcomes for their unique situations. This requires flexibility, dotting every ‘i’, crossing every ‘t’, and striving to over deliver on my clients’ needs and expectations.

WA6027

CRN: 528660

Quick home loan review

For Flexi First Option Home Loan (Principal and Interest) (New Customer) (LVR < 70%)

These are the benefits of this home loan.

  • Lower than average interest rate
  • No upfront or ongoing fees
  • Parents can sign as guarantor
  • Extra repayments and redraw facility
  • Free redraw facility
  • Split account option

These are the drawbacks of this home loan.

  • No offset account
  • Loan reverts to higher rate after introductory period
  • Discharge fee at end of loan
  • Maximum loan amount is limited to 70% of the property's value

Home loan overview

For Flexi First Option Home Loan (Principal and Interest) (New Customer) (LVR < 70%)

TMD

Details

Maximum LVR

70%

Total Repayments

Interest rate type

Variable

Borrowing range

Suitable for

Owner Occupiers

Loan term range

1 - 30 years

Principal & interest

Interest only

Applicable states

ACT, NSW, NT, QLD, SA, TAS, VIC, WA

Make repayments

Fortnightly, Monthly, Weekly

Features

Extra repayments

Unlimited extra repayments

Redraw facility

Redraw fee: $0

Split interest facility

Loan portable

Repayment holiday available

Allow guarantors

Available for first home buyers

Fees

Total estimated upfront fees

0

Application fee

0

Valuation fee

At Cost

Settlement fee

0

Other upfront fee

0

Ongoing fee

$0 monthly

Discharge fee

350

Application method

Online

Phone

In branch

Specials
  • Cashback Refinance and get $3,000 cashback for new Owner Occupier and Investment Loans. Apply by 30 November 2021 and settle by 28th February 2022. Terms and Conditions apply.*
    *$3,000 Refinance cashback for Owner Occupier (Principal & Interest) and Investment Property Loans, LVR less than 90%. Minimum loan amount $250k. Excludes refinances from within Westpac Group. Only one $3K cashback offer available per primary applicant within a 12 month period. Available on Premier Advantage Package, with a $395 annual package fee and Flexi First Option Home Loans. Credit criteria, fees, charges, eligibility criteria and exclusions apply.

Target Market Determination

Visit Westpac to view Target Market Determination.

Other Benefits

Includes a 1.64% p.a. discount for two years from loan settlement date reverting to a 1.14% p.a. discount for the life of the loan^. Applies to new Owner Occupier home loans with Principal and Interest repayments.

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Westpac is available through brokers

FAQs

What is the minimum amount you can apply for?

The range you can borrow from this loan is $25k to $99,999,999.

What's the minimum deposit needed for this loan?

This loan option comes with a maximum loan-to-value ratio of 70 percent, which means it requires a minimum deposit of 30 percent

What's the maximum length for this loan?

Westpac allows you to have this loan for a range of 1 to 30 years.

How often can you make repayments?

Westpac allows you to make repayments to this loan option through one of the following repayment schedules: fortnightly, monthly, weekly.

How much will the upfront fees be for this loan?

While it could change based on your circumstances, RateCity estimates that this loan option comes with $0 worth of upfront fees.

Does this loan come with a redraw facility?

Yes, this loan comes with a redraw, charged at $0 if you need to use it.

How do you apply for this loan?

To apply for this loan, please contact Westpac.

Can a broker help me with this loan?

Yes, this Westpac loan is available through a broker. Find a broker to help you with your needs.