Important disclosure

Westpac Banking Corporation Ltd

Flexi First Option Investment Loan

  • Investor
  • Variable
  • 30% min deposit
  • P&I
Interest Rate

6.74%

p.a

Comparison Rate*

7.06%

p.a

Real Time Rating™
Tags
  • Investor
  • Variable
  • 30% min deposit
  • P&I
Interest Rate

6.74%

p.a

Comparison Rate*

7.06%

p.a

ly Repayment

$0

based on $500,000 loan amount for 25 years at 7.14%

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.

Jenny Bandara

VIC, 3029

Customer Representative Number: 545931

Simon O'Kelly

VIC, 3205

Customer Representative Number: 511481

Tony Ngo

NSW, 2138

Customer Representative Number: 553063

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

Suitable for

Investors

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 Westpac Banking Corporation Ltd to view Target Market Determination.

Features

Extra repayments

Unlimited

Redraw facility

Redraw fee: $0

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

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.

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Comparison Rate*

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Comparison Rate*

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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 Banking Corporation Ltd allows you to have this loan for a range of 1 to 30 years.

How often can you make repayments?

Westpac Banking Corporation Ltd 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.

Where can you apply for this loan?

Westpac Banking Corporation Ltd makes it possible to apply for this product online. Apply here.

Can a broker help me with this loan?

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