Basic Home Loan - Westpac - Flexi First Option

Comparison Rate	5.64%
Amount	$200,000
Term	30 years
Monthly Payment Est.	$1,149.42
Total Amount Paid Est.	$414,240
Establishment Fee	$600.00

5.61%

Target Market
Flexi First Option is ideal for the following customers: ,
- First Home Buyers, investors or customers looking to refinance their loan ,
- Customers not attracted to the added features in a packaged loan ,
- Customer looking for a straight-forward and simple loan product ,
- Price sensitive customers looking for a low cost loan ,
- Customer interest in the lowest repayment possible

Acceptable Income
Self Employed with 2 years financials to be supplied, salary and wage earner.

Home Loan Loan Term
Up to 30 years.
Interest Only up to 10 years.

Home Loan Loan Size
Minimum: $25K ,
No Maximum where LVR is <80%

Home Loan Repayment Type
Principle & Interest. ,
Interest Only.

Repayment Options
Weekly, Fortnightly or Monthly.

Extra Repayments
Additional repayments can be made at any time without penalty (no minimum). DEF will apply if loan is repaid in full within 4 years.

Split Loan Facility
Not available. See Special Offers - Combination Loan (above).

Offset
Not available.

Redraw Facility
Available to access additional repayments. ,
Access Fee: $25 charged per redraw.

LVR for Basic Home Loan - Westpac - Flexi First Option

Owner Occupier Maximum LVR 97% ,
Investment Maximum LVR N/A ,
Construction Maximum LVR 97% ,
Refinance Maximum LVR 90% ,
Vacant Land Maximum LVR 97% ,
Debt Consolidation Maximum LVR 90% ,
Please note that the Max LVR of 97% is for existing customers only. ,
Maximum LVR for new customers is 92%. (Refer to 'Special Criteria' for Existing Customer definition) ,
Please refer to 'Lender Manual' for Higher Priced Property LVR Changes
Combination Loan: An extra $150 added to the Establishment Fee. A maximum of 3 loans can be packaged into a Combination. All loans in the combination must be secured by the same property/ies. Flexi First Option loan must be the primary product, then any of the following can be selected (up to): ,
- 2 Flexi First Option Home Loans ,
- 2 Premium Option Home Loans ,
- 2 Fixed Options Home Loans ,
- 2 Equity Access Loans ,
- 1 Bridging Loan ,
Fee Free Repayment Holiday. ,
Parental Leave - after 18 months $95. PIF only.

Fees for Basic Home Loan - Westpac - Flexi First Option

Establishment Fee: $600 ,
Top Ups Fee: $350 ,
Progress Draw Fee: $95 per draw ,
Additional Valuation Fees: Independent valuers - for quote contact lender. ,
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. Fee will not be charged where customer is refinancing/restructuring their existing Westpac Mortgage.