Westpac Rocket Repay - Professional Pack Home Loan

Main Features and Fees...

 
Company
Interest Rate Enquire Here - discounts apply see below
Products Available Premier Advantage Professional Packaged Loan
Offset Account Yes
Redraw Facility Yes - nil fees
Extra Repayments Yes                                            
Lump Sum Repayments Yes 
Product Change Yes
Portability Yes - $300 fee
Construction Yes - $95 for progress draws
Split Loan Facility Yes
Principle and Interest Payments Yes
Interest Only Payments Yes - up to 10 years
FEES                                                 
Upfront Fees Nil
Ongoing Fees $395 yearly                              
Early Exit Fees $900 first 4 years
Discharge of Mortgage Fees Not supplied


Notes

Premier Advantage Package benefits available.

Premier Advantage Package fee is $395.

Nil Loan maintenance/Annual Service Fee

Full Doc Discounts:

$150K<$250K 0.40% p.a.

>$250K 0.70% p.a.

Nil Establishment fee,

Low Doc Discounts

$150K  - < $250K   -  0.30% p.a. discount

$250K  - < $500K   -  0.50% p.a. discount

$500K+                  -  0.70% p.a. discount

Reduced Establishment Fee - $355 per loan account

Rocket Repay is a variable home loan with a linked 100% 'offset' transaction account (Classic Plus). By putting their whole income to work, customers can save interest and payoff their loan faster. Rocket Repay allows customers to run their day-to-day finances like a normal transaction account. Every dollar left in the transaction account is working to offset the interest payable on the loan. (NOT AVAILABLE FOR COMPANIES)

 
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