Bankwest Premium Home Loan

Effective 15, August 2009

Introducing – Bankwest Premium Home Loan

Bankwest’s vision is to be the best value, most innovative and approachable bank in Australia with an absolute focus on customer satisfaction.  Therefore, in conjunction with our customers, and your feedback – we are pleased to announce the release of the Premium Home Loan – providing high net worth customers an ongoing low rate for the life of the loan

Description
A variable rate home loan product with an ongoing discount for the life of the loan.

Eligibility
Minimum loan amount $250,000 where the total home loan borrowings > $500,000 (no maximum)

Interest Rate
The interest rate is a straight in variable rate with an ongoing discount of 0.6% p.a. off the Mortgage Shredder Reference Rate for the life of the loan.

Loan Value Ratio (LVR) = Maximum 90% (plus capitalised LMI)
Owner Occupier loans* ; Investment loans*; construction of an investment dwelling*. (*May differ for country and regional areas).

Interest offset (optional)
100% offset with a Lite Direct Transaction account (Offset account fee NIL).  The monthly flat fee of $3.99 applies to the Lite Direct Account for unlimited electronic transactions; EFTPOS, Bankwest Network ATMs and Phone Banking (Lite Direct option).  Plus, MasterCard Debit Card access.

Applicable Fees
Application fee – $700

Plus Package
The Premium Home Loan will be available under the Plus Package

Transfers
Available, standard transfer procedures and fees apply.

Online Redraw
Free, no minimum, $5K per day Pay Anybody maximum. Home Loan Access (over the counter) fees applicable

Related posts:

1. Bankwest introduces new Low Doc Home Loan Bankwest Low Doc Home Loan Effective 1, August 2009 Introducing...
2. Bankwest announces innovative new Capped Rate Home Loan Effective 9, September 2009 Introducing – Bankwest Capped Rate Home...
3. Bankwest increases Fixed Interest Rate Mortgages Fixed Interest Rates Effective 31, July 2009 Product Current interest...
4. ANZ Standard Variable Rate Home Loan How does the ANZ Standard Variable Rate Home Loan work...
5. ANZ Fixed Rate Home Loan in a Company name How do ANZ Fixed Rate Home Loans (in a Company...

Related posts brought to you by Yet Another Related Posts Plugin.