Lender Name

WESTPAC

Product Name

PREMIER  ADVANTAGE PACKAGE

Product Type

VARIABLE

Interest Rates

Latest Interest Rates

Compare Other Lenders

Redraw Facility

Remain the same as per products,.

Offset

Remain the same as per products.

Fees

Package Fee & Fee Discounts on accounts
Package Fee $395.00 per annum. Establishment fees and monthly fees are waived for all eligible accounts.
Premier Advantage Package offers many benefits and
savings options, and rewards customers for the overall value of loans held with Westpac.
Your customers may be able to take advantage of our Premier Advantage package.
Annual package fee of $395 charged to eligible customers (Must have a combined property borrowings of at least $150,000)
Guarantor Fee $200.

LVR

Owner Occupier Maxim LVR 97%
Investment Maxim LVR 97%
Construction Maxim LVR 97%
Refinance Maxim LVR 97%
Remain the same as per products.

Repayment Type

Remain the same as per products.

Repayment Options

Remain the same as per products.

Repayment Method

Remain the same as per products.

Extra Repayments

Remain the same as per products.

Special Offers

Loan Parameters
The following parameters will now apply for both Housing Products and  Investment Products. NOTE these rates are Package discounts ONLY and are deducted from the current interest rate applicable for each Loan Product.
$150K  - < $250K   -  0.40% p.a. discount
$250K+                  -  0.70% p.a. discount
Nil Establishment Fee
Nil Loan maintenance/ Annual Service Fee
Nil Switching fee
Nil Top Up fee
Nil Portability fee

Low Doc Discounts
$150K  - < $250K   -  0.40% p.a. discount
$250K  - < $500K   -  0.60% p.a. discount
$500K+                  -  0.60% p.a. discount
Reduced Establishment Fee - $355 per loan account
Annual  Package Fee $395
Nil Loan maintenance
Nil Switching fee
Nil Top Up fee
Nil Portability fee

N.B Interest rate discounts on standard and low docs are only available for variable rate loans (no rate discounts for fixed products)
Please note that these parameters must be strictly observed 
Eligible Products
Rocket Repay Home Loan, Rocket Investment Loan, Premium Option Home Loan, Variable Investment Property Loan, Equity Access Loan Plan 2, Fixed Option Home Loan, Fixed Rate Investment Property Loan, Premium Option Home Loan Low Doc, Variable Rate Investment Property Loan Low Doc, Equity Access Loan Plan 2 Low Doc, Fixed Option Home Loan Low Doc, Fixed Rate Investment Property Loan Low Doc

Additional Benefits
The following benefits also apply to Premier Advantage Package
1. Altitude Gold Classic Card 3.99% p.a. balance transfer interest
rate for the fi rst six months.Annual Fee waived for the first year.
2. Westpac Broking offer entitles new Westpac Broking customers to six months free Premium Research. The six month period commences from the date the Westpac Broking account is opened. Premium Research offers a superior level of independent analysis as well as access to tools and features.
3.Landlords Protection Insurance $100 off excess per claim
4. Financial Planning 10% off Wealth Service One or Service Plus fee (to a maximum of $300)
4. Insurance - 10% discount on combined Home and Contents policies. $100 off excess whenever a claim is made.
5. Margin Lending Facility - Interest rate reduction of 0.25% p.a. on standard  variable rate
6. Westpac Classic Plus / Westpac One transaction account - Monthly Service Fee waived (only applicable to one transaction account)
7. Mortgage secure - 10% discount on the annual premium.
8. BT Super for Life: If a packaged customer opens a BT Super for Life account and reaches the minimum BT Super for Life account balance requirement, they will be eligible to claim a cash bonus. The customer must claim the Cash Bonus within six months of opening their BT Super for Life account by calling BT Customer Relations on 1300 653 553.

Term

Remain the same as per products

Loan Size

Remain the same as per products

Mortgage Insurance

Remain the same as per products.

Acceptable Income

Minimum income requirement
This has now been removed from Package eligibility.

Product Change

Remain the same as per products.

Statements

Remain the same as per products.

Portability

Remain the same as per products.

Split Loan Facility

Remain the same as per products.

Special Notes

Target Market

A complete financial services package specifically designed to reward valuable customers for their personal banking relationship.
Allows customers to take advantage of significant cost savings on a wide range of products and services which are real, relevant and linked to their lifestyle.
The package offers the convenience of having a complete and tailored package, coupled with the potential savings, which enables your customers to spend their valuable time and money on more rewarding pursuits.