Professional Package Home Loan - Westpac - 3 yr fixed Options 0.20%Disc $250<$500K 0.70% Disc

Comparison Rate	6.90%
Amount	$200,000
Term	30 years
Initial Payment Est.	$1,410.78
Monthly Payment Est.	$1,249.16
Total Amount Paid Est.	$467,322
Establishment Fee	$0.00

7.59%

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.

Acceptable Income
Minimum income requirement This has now been removed from package eligibility. ,
Lo Doc Applications: must be supported by 12 months worth of Business Activity Statements (BAS) and the end of latest BAS activity period no more than 4 months prior to the the first formal application submission date. ,
Following Documents can be used to comply with the BAS requirement: ,
- Completed ATO BAS templates ,
- Completed BAS created vis Accountant's software ,
- BAS printouts/summaries from the Tax Agent Portal or the Tax Office ,
Low Doc Loans must be supported by: ,
- Copy of the Australian Business Registration certificate generated at the time of ABN registration or The letter issued by Australian Business Register that confirms the ABN registration and accompanies the certificate. ,
ABN registration date was at least 2 years prior to the date of application.

Home Loan Loan Term
30 years

Home Loan Loan Size
Minimum aggregate Loans under PAP of $150,000

Home Loan Repayment Type
Principal & Interest & Interest Only ,
10 Years Interest Only for Owner Occupied note Owner Occupied with IO Terms greater than 5yrs are subject to Credit Approval.

Repayment Options
Weekly, Fortnightly or monthly repayments provided the minimum monthly payment is achieved.

Extra Repayments
Additional payments allowed. Prepayments during fixed rate period permitted up to $25,000 (for loans prior to 23/03/09 the limit is $15,000) prior to break costs applying.

Split Loan Facility
Available within combination structure.

Offset

Redraw Facility
Yes, Customers may redraw the excess funds that they have prepaid during the fixed rate period. Customers are only allowed to redraw up to the maximum prepayment amount. This amount called the ‘prepayment threshold’ is currently $25,000 (for loans prior to 23/03/09 the limit is $15,000) during the fixed rate period.

LVR for Professional Package Home Loan - Westpac - 3 yr fixed Options 0.20%Disc $250<$500K 0.70% Disc

Owner Occupied Maximum LVR 97% ,
Investment Maximum LVR 97% ,
Construction Maximum LVR 97% ,
Refinance Maximum LVR 90%, Lo Doc Max 80% ,
Remain the same as per products. ,
Please note that the Max LVR of 97% is for existing customers only. ,
Maximum LVR for new customers is 87%. (Refer to 'Special Criteria' for Existing Customer definition) ,
Please refer to 'Lender Manual' for Higher Priced Property LVR Changes
Nil Establishment Fee on Full Docs, $355 fee on low docs ,
Nil Loan maintenance/ Annual Service Fee ,
Nil Switching fee ,
Nil Top Up fee ,
Nil Portability fee ,
Full Doc Variable: ,
$150K - < $250K - 0.40% p.a. discount ,
$250K+ - 0.70% p.a. discount ,
Low Doc Variable: ,
$150K - < $250K - 0.30% p.a. discount ,
$250K - < $500K - 0.50% p.a. discount ,
$500K+ - 0.70% p.a. discount ,
Fixed Rate PAP Discount: 0.20% discount off fixed rate ,
Please note that these parameters must be strictly observed ,
Eligible Products: Rocket Repay Home Loan, Rocket Investment Loan, Equity Access Loan, Fixed Option Home Loan, Fixed Rate Investment Property Loan, Equity Access Loan Low Doc, Fixed Option Home Loan Low Doc, Fixed Rate Investment Property Loan Low Doc ,
A number of additiona benefits are also available under the Premier Advantage Package, please sepak to your Wesetpac BDM.

Fees for Professional Package Home Loan - Westpac - 3 yr fixed Options 0.20%Disc $250<$500K 0.70% Disc

Establishment Fee:Nil on Full Docs, $355 on Low Docs ,
Loan Maintenance Fee: Nil Monthly Fee ,
Package Fee $395.00 per annum. ,
Switching Fee:$300 ,
No fee applies when customer refixes loan or reverts to variable rate at the end of the fixed rate period ,
An administration fee will apply if switching during fixed rate period to another fixed rate contract or to a variable rate loan. Break costs may also apply. ,
A prepayment cost plus admin fee may apply if switching prior to fixed term expiry ,
Independent valuers - for quote contact lender. ,
Progress Draws $200 (payable once only) ,
Lock In Fee .15% of the loan amount ,
Guarantor Fee $200 ,
Deferred Establishment Fee $900 will only be charged if a customer closes their loan with Westpac within 4 years of origination for reasons such as re-financing to another institution, selling their property or early ,
repayment where they request to close their loan. Customers will only be charged one DEF per combination or split facility.