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Westpac

Basic Variable Rate (Flexi First Option) Home Loan

Advertised Rate

3.93

% p.a

Variable

Comparison Rate*

3.98

% p.a

Maximum LVR
95%
Real Time Rating™

1.82

/ 5
Monthly Repayment

$1,572

based on $300,000 loan amount for 25 years at 3.93%

Advertised Rate

3.93

% p.a

Variable

Comparison Rate*

3.98

% p.a

Maximum LVR
95%
Real Time Rating™

1.82

/ 5
Monthly Repayment

$1,572

based on $300,000 loan amount for 25 years at 3.93%

Calculate your repayments for this loan

I'd like to borrow

$

Loan term

years

Your estimated repayment

$1,572

based on $300,000 loan amount for 25 years at 3.93%

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

Collins Mayaki

4.9
177 Reviews

Get expert advice from a home loans specialist.

I pride myself on building long term relationships with my clients. I’ve been in the industry for over 14 solid years with a combined 30 years experience within our firm (Wealthy You). this gives clients that extra peace of mind knowing we’ve been around for a long time. We’ve worked on hundreds of applications. There isn’t a scenario we haven’t come across. We hold your hands from start to finish. As far as our company Wealthy You goes, with 30 years finance experience, we’ve got team members specialised In multiple areas within finance, for example: SMSF Loan, Construction Loans, Reverse Mortgage, Development Loans, Business Loans, Car Loan, Home Loan/Refinance/Purchasing And much much more. We go through every single file to make sure it will get approved before submission because we’ve got brokers within the team that worked with the banks for many years as people that APPROVED and DECLINED files.

Response time: in an hour | Our brokers call during business hours between 9.00am to 6.00pm.

John Fulford

5.0
3 Reviews

Get expert advice from a home loans specialist.

John enjoy’s helping people achieve their goals and has a passion for property. For 2 years now at Newcastle Finance Brokers he has been helping people find the best products and loans to suit his clients. John holds his Cert IV and Diploma in Finance & Mortgage broking.

Response time: in 31 minutes | Our brokers call during business hours between 9.00am to 6.00pm.

Quick home loan review

For Flexi First Option Home Loan (Principal and Interest)

These are the benefits of this home loan.

  • No ongoing fees
  • Suitable for low deposits
  • Redraw facility available
  • Parents can sign as guarantor
  • Extra repayments and redraw facility
  • Split account option

These are the drawbacks of this home loan.

  • No offset account
  • Higher than average interest rate
  • Higher than average upfront fee
  • Discharge fee at end of loan

Home loan overview

For Flexi First Option Home Loan (Principal and Interest)

TMD

Details

Maximum LVR

95%

Total Repayments

Next LVR

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: $25

Split interest facility

Loan portable

Repayment holiday available

Allow guarantors

Available for first home buyers

Fees

Total estimated upfront fees

600

Application fee

600

Valuation fee

$0

Settlement fee

0

Other upfront fee

0

Ongoing fee

$0

Discharge fee

350

Application method

Online

Phone

In branch

Target Market Determination

Visit Westpac to view Target Market Determination.

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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 95 percent, which means it requires a minimum deposit of 5 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 $600 worth of upfront fees.

Does this loan come with a redraw facility?

Yes, this loan comes with a redraw, charged at $25 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.