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- Rocket Investment Home Loan
Rocket Investment Home Loan
- Investor
- Variable
- 30% min deposit
- P&I
Interest rate p.a.
9.28%
Comparison rate* p.a.
9.41%
Rocket Investment Home Loan
- Investor
- Variable
- 30% min deposit
- P&I
Interest rate p.a.
9.28%
Comparison rate* p.a.
9.41%
Westpac Variable Rate Home Loan overview
For Rocket Investment Loan (Principal and Interest) (LVR < 70%)
No owner occupier products available
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
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
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
$8
Discharge fee
$350
Pros and Cons
For Rocket Investment Home Loan
Benefits
- No upfront fees
- 100% full offset account
- Parents can sign as guarantor
- Extra repayments and redraw facility
- Free redraw facility
- Split account option
Drawbacks
- Higher than average interest rate
- Ongoing fee
- Discharge fee at end of loan
- Maximum loan amount is limited to 70% of the property's value
