Lender

Lender Name

BANKWEST

Product Name

LITE PLUS HOME LOAN

Product Type

PROFESSIONAL

Interest Rates

Comparison Rate Schedule

Latest Interest Rates

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Target Market

The BankWest Lite Plus  Home Loan offers customers a discounted interest rate.

Repayment Type

Principal & Interest
10 years interest only available

Repayment Options

Monthly, Fortnightly or weekly
Interest Only Loan repayments only be made monthly
Additional lump sum repayments at any time.

Repayment Method

Payments can be made via Fast Phone BankWest Online Banking or Bpay ATM Cards access is available on this home loan for deposits only.
Deposits can be made to the home loan via the Australia Post Giro Post network.

Extra Repayments

Additional repayments permitted
Early payout:  NIL

Special Offers

The BankWest Lite Plus Home Loan offers discount interest rates for customers with aggregate home loan borrowings in excess of $250K and $1M respectively (refer to Interest Rates, Fees and Charges Schedule for rates).

Term

 1 Year to a maximum of 30 years.

Loan Size

Minimum Loan Amount $250K
Loans above $1mil to $1.5mil LVR 90% - must have multiple security
Loan Types Principal & Interest Equity Line component limited to $750K

Mortgage Insurance

Required on loans greater than 80% LVR

Acceptable Income

Self Employed applicants to provide last 2 years financials, Salary and Standard wage earners. Rental income. Dividends from shares and long term deposits.

Fees

Annual fee of $360.00

One free lite direct transaction account compulsory account with this

package which the annual fee will be debited to.

One BankWest Credit Card with no annual charge

No personal loan application fees

All future application fees on personal home loans waived

All loan maintenance fees on existing and new borrowing waived (with

exception of Affinity, Equity Line and Gold Equity Line products)

20% discount on BankWest conveyancing

Loan Maintenance Fee  NIL

Valuation Fee  If the valuation fee is above $200  or if the customers legal costs are above $300 the customer  will be required to pay the additional costs

Discharge Mortgage Fee Doc Prep $300

Discharge Mortgage Settlement Attendance Fee WA Only  $300

Company / Trust Fee $300

Rework fee $100 to be charged when a customer initiates a change to the terms of their application after Loan documents have been issued.

Express Courier Fee $7.87 (payable for all non WA Based Housing Loan)

Settlement Fee $50 applicable to East Coast Only

Offset

100% Offset with the Lite Direct Account

Redraw Facility

Minimum amount $1K redraw fee $50
Online Redraw facility available No redraw fee no minimum redraw amount $0.25cents for internet transaction applies

Product Change

Switching available for $350

Statements

Issued  6 monthly
Duplicate Statement Fee
Customers who request additional statements printed with original (includes faxes) will pay a revised fee of $4 per statement.

Portability

Available for $350

Split Loan Facility

Available must be min of $70k.

Special Notes