Premier Package Fixed Rate Investment Loan (Principal and Interest) 2 Years (LVR < 70%)
- Last updated on 24 May 2020
Discount Variable Home Loan
Make the move to UBank's award winning home loan
Advertised Rate
2.59%
Variable
Comparison Rate*
2.59%
Owner Occupier Discounted Variable Rate
No upfront or ongoing feesExtra repayments + redraw services
View NowPromotedUBank terms and conditions
Advertised Rate
2.49%
Fixed - 2 years
Comparison Rate*
3.92%
Maximum LVR
70%
Monthly Repayment
$987
based on $300,000 loan amount for 25 years
Pros and Cons
Pros
- No upfront fees
- Parents can sign as guarantor
- Extra repayments + redraw services
- Free redraw facility
Cons
- Limited extra repayments
- Annual fee charged
- Discharge fee at end of loan
- Repayments won't decrease if RBA cuts rates
Westpac Fees and Features
Maximum LVR 70% | Interest rate structure Fixed - 2 years |
Borrowing range $150k - $100m | Total Repayments $355,320 |
Principal & interest | Interest only |
Loan term range 1 - 30 years | Offset account No |
Extra repayments Allowed with restrictions | Redraw facility Redraw fee: $0 |
Allows split interest | Suitable For Investors |
Applicable States ACT, NSW, NT, QLD, SA, TAS, VIC, WA | |
Estimated upfront fees $0 | Application fee $0 |
Settlement fee $0 | Valuation fee $0 |
Legal fee $0 | Ongoing fee $395 |
Discharge fee $350 | Property Type |
SMSF Trustee | Minimum SMSF Amount |
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Westpac is Australia’s first bank and oldest company. Westpac was first founded in 1817 as the Bank of New South Wales and changed its name to Westpac Banking Corporation in 1982.
Westpac is one of Australia’s big four banks and has grown to serve over 13 million customers. It offers a wide range of home loan products, including owner-occupier loans and investor loans, as well as lines of credit and split loans.
