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- Home Loans
- Westpac
- Premier Advantage Package
Premier Advantage Package
- Owner Occupied
- Fixed 5 years
- 30% min deposit
- P&I
Interest rate p.a.
6.69%
Comparison rate* p.a.
7.43%
Premier Advantage Package
- Owner Occupied
- Fixed 5 years
- 30% min deposit
- P&I
Interest rate p.a.
6.69%
Comparison rate* p.a.
7.43%
Westpac Fixed - 5 years Rate Home Loan overview
For Premier Package Fixed Options Home Loan (Principal and Interest) 5 Years (LVR < 70%)
Principal & Interest (P&I)
Loan type
Loan to value ratio
Interest rate
Comparison rate
Interest only
Loan type
Loan to value ratio
Interest rate
Comparison rate
Details
Maximum LVR
70%
Total repayments
Interest rate type
Fixed - 5 years
Borrowing range
$150k - $100m
Suitable for
Owner Occupiers
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
Allowed with restrictions
Redraw facility
Redraw fee: $0
Offset account
Split interest facility
Loan portability
Repayment holiday available
Allow guarantors
Available for first home buyers
Other benefits
Fees
Total estimated upfront fees
$0
Application fee
$0
Legal fee
$0
Valuation fee
$0
Settlement fee
$0
Other upfront fee
$0
Ongoing fee
$395
Discharge fee
$350
Pros and Cons
For Premier Advantage Package
Benefits
- Interest rates ranked in the best 20%
- No upfront fees
- Parents can sign as guarantor
- Extra repayments and redraw facility
- Free redraw facility
- Split account option
Drawbacks
- Limited extra repayments
- No offset account
- Loan reverts to higher rate after fixed period
- Ongoing fee
- Discharge fee at end of loan
- Maximum loan amount is limited to 70% of the property's value
