Important disclosure
Flexi First Option Investment Loan
No owner occupier products available.
Westpac home loans are available through brokers who can help find the right loan and manage your application at no charge.
Westpac Intro 24 months Rate Home loan overview
For Flexi First Option Investment Loan (Principal and Interest) (New Customer) (LVR < 70%)
Details
Maximum LVR 70% | Total Repayments |
Interest rate type Variable | Borrowing range
$25k
-
$100m
|
Suitable for Investors | Loan term range 1 - 30 years |
Repayment type Principal and Interest | Applicable states ACT, NSW, NT, QLD, SA, TAS, VIC, WA |
Target Market Determination Visit Westpac Banking Corporation Ltd 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 Special offer rate includes a 2.34% p.a. discount for 2 years from loan settlement date reverting to a 1.94% p.a. discount thereafter^ |
Fees
Total estimated upfront fees $0 | Application fee $0 |
Legal fee $0 | Valuation fee $0 |
Settlement fee $0 | Other upfront fee $0 |
Ongoing fee $0 | Discharge fee $350 |
Pros and cons
For Flexi First Option Investment Loan (Principal and Interest) (New Customer) (LVR < 70%)
Benefits
- No upfront or ongoing fees
- Parents can sign as guarantor
- Extra repayments and redraw facility
- Free redraw facility
- Split account option
Drawbacks
- No offset account
- Higher than average interest rate
- 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
How to apply
If you'd like to apply for this home loan or just get more information, follow the application process to speak to an Westpac mortgage specialist.
FAQs
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