Fixed Rate Home Loan - BankWest - 4 yr fixed

Comparison Rate	6.93%
Amount	$200,000
Term	30 years
Initial Payment Est.	$1,466.14
Monthly Payment Est.	$1,243.23
Total Amount Paid Est.	$463,204
Establishment Fee	$700.00

7.99%

Target Market
A choice of Principal and Interest or Interest Only Fixed interest rate housing loans for customers purchasing residential property for owner occupier or investment purposes.

Acceptable Income
Acceptable income: Self employed the last 2 years financials for all related parties where possible. Individual directors and any guarantor involved in the deal. Salary and wage earners.

Home Loan Loan Term
1, 2, 3, 4 or 5 years

Home Loan Loan Size
Minimum: $20,000 ,
No Maximum. ,
Loans above $1mil to $1.5mil LVR 90% - must have multiple security ,
Loan Types Principal & Interest Equity Line component limited to $750,000

Home Loan Repayment Type
Principal & Interest ,
Interest Only

Repayment Options
Weekly, Fortnightly or Monthly ,
Interest Only - Monthly Only ,
Option 1: The borrowers accept the fixed rate application and agreement and sign the appropriate form and collect the fee. ,
LH15 Fixed Rate Cap Application and Agreement Or ,
LH17 Company Fixed Rate Cap Application and Agreement ,
Option 2: The borrowers decline the offer and all borrowers sign the Fixed Rate Cap Fee disclaimer. By signing the Fixed Rate Cap Application & Agreement and paying a fee the customer ensures the rate is capped for a period of 3 months (from application). Refer to Fees for Fixed Rate Cap Fee.

Extra Repayments
Principal reductions maximum of $5,000 pa or over and above the minimum monthly instalment.

Split Loan Facility
Yes

Offset
40% Offset available

Redraw Facility
Home loan access to any surplus funds accumulated on the loan fees and conditions apply ,
Home Loan Access (over the counter) minimum $1,000.00 per transaction - $50 per time. .

LVR for Fixed Rate Home Loan - BankWest - 4 yr fixed

Owner Occupier: Maximum 90% LVR. ,
Investment: Maximum 90% LVR. ,
Interest Only: Maximum 90% LVR ,
Refinance Maximum 90% LVR (Existing Bankwest customers may go higher - assesed case by case) ,
Debt Consolidation 90% LVR ,
Land 90% LVR

Fees for Fixed Rate Home Loan - BankWest - 4 yr fixed

Application Fee: $700 (Includes 1 free valuation) ,
Loan Maintenance Fee: $12 per month. ,
Complimentary BankWise Membership. ,
The Fixed Rate Cap Fee: ,
Must be paid by the customer upfront at application stage. (This fee cannot be financed into the loan). 0.15% of Loan amount (including fees financed into the loan) or $450, whichever is greater, on Standard Fixed Loans. 0.20% Fee applies to any product that BankWest describes as Special. Non refundable (the only exception is if the Bank declines the loan). ,
Discharge Mortgage Fee Doc Prep $300 ,
Discharge Mortgage Settlement Attendance Fee $300 ,
Progress payments $80 ,
Valuation Fees: ,
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. ,
For all states, the maximum fee that will be absorbed as part of the application fee for the first valuation is as follows: ,
Western Australia $180 + GST, Queensland $200 + GST, New South Wales $200 + GST, Tasmania $200 + GST, South Australia $200 + GST, Victoria $200 + GST, Canberra $200 + GST, Northern Territory $210 + GST.