Complete Variable Home Loan Package

 General Lending Rates

• Lending Rate Type: Variable
• Interest Rate: 7.14%, Comparison Rate 7.52%
• Repayment Type: Principal And Interest
• Loan Purpose: Owner Occupied

• Lending Rate Type: Variable
• Interest Rate: 7.34%, Comparison Rate 7.70%
• Repayment Type: Interest Only
• Loan Purpose: Owner Occupied

• Lending Rate Type: Variable
• Interest Rate: 7.89%, Comparison Rate 8.26%
• Repayment Type: Principal And Interest
• Loan Purpose: Investment

• Lending Rate Type: Variable
• Interest Rate: 7.89%, Comparison Rate 8.26%
• Repayment Type: Principal And Interest
• Loan Purpose: Investment

• Lending Rate Type: Variable
• Interest Rate: 8.02%, Comparison Rate 8.37%
• Repayment Type: Interest Only
• Loan Purpose: Investment

• Lending Rate Type: Variable
• Interest Rate: 8.77%, Comparison Rate 9.14%
• Repayment Type: Principal And Interest
• Loan Purpose: Owner Occupied

 Product Features

• Card Access Additional Information: Effective 28th November 2024, the proprietary Bankwest Debit Card will no longer be issued on new accounts (opened from that date) except to replace or reissue an existing Bankwest Debit Card.

• Other Additional Information: Apply for additional lending or reduce your limit, this lets you renovate, upsize, downsize or invest in property. Lending criteria applies.

• Other Additional Information: No valuation fees are payable for customers with a Complete Home Loan Package.

• Npp Enabled Additional Information: This means you can receive faster payments into this account, often in real time. Keep in mind - this account isn't eligible for PayID.

• Other Additional Information: For investment properties, receive a saving on the cost of depreciation schedule prepared by DEPPRO Pty Ltd.

• Digital Banking Additional Information: You can do your everyday banking through Bankwest Online Banking and the Bankwest App from anywhere, 24/7 - it's easy and secure.

• Extra Repayments Additional Information: Pay weekly, fortnightly or monthly to suit your pay cycle. Plus, make unlimited extra repayments to help pay your loan off faster.

• Other Additional Information: The Complete Home Loan Package includes a Complete Variable Home Loan, plus the flexibility to add on features to help you manage your mortgage and money your way. You can choose to add offset accounts and/or an eligible credit card.

• Guarantor Additional Information: A guarantor is someone who agrees to be responsible for repaying a debt owed to us under a loan provided to another individual if the borrower (or borrowers) cannot make their repayments. A guarantor supports the loan by providing us with an additional property as security. By providing a guarantee, we may lend to the borrower in situations where they may not have been able to secure the full amount of the loan they require. Independent legal and financial advice is required for these applications.

• Other Additional Information: Track your application online in real time with our Home Loan Application Tracker.

• Other Additional Information: Up to 30 years.

• Other Additional Information: This loan can be used for the purposes of owner occupied or investment property purchases, refinancing your existing home loan, purchasing of vacant land (non-commercial), personal needs, off the plan purchases and building/construction purposes.

• Other Additional Information: This loan cannot be used for business purposes.

• Other Additional Information: You could choose to split between Complete Variable Home Loan and Complete Fixed Home Loan - enabling the flexibility on the variable part of your loan, whilst having certainty of a fixed rate on the fixed part of your loan.

• Other Additional Information: You can switch between Complete Variable Home Loan and Complete Fixed Home Loan. Early termination fees may apply when switching from a Complete Fixed Home Loan.

• Notifications Additional Information: Easy Alerts are available for mobile personal banking accounts on eligible devices in which you have the Bankwest App installed and notifications enabled. Limited alerts only are available for credit products.

• Offset Additional Information: Link up to 9 offset accounts to your Complete Variable Home Loan. The money in each offset account reduces the balance on which the interest is charged on your home loan. Other fees and charges may apply.

• Redraw Additional Information: Access your surplus balance when you need, available via online banking.

• Other Additional Information: Principal & Interest or Interest only options are available.

• Other Additional Information: Choose an optional eligible credit card in the Classic or Platinum or World tier - and pay no annual credit card fee. Other fees and charges may apply.

 Product Eligibility

• Min Age - 18. Additional Information: Individuals (natural persons) must have the legal capacity to enter into the loan contract, provide acceptable identification documentation and be 18 years or older.

• Residency Status Additional Information: Available to Australian citizens or permanent residents and to New Zealand citizens residing in Australia.

• Natural Person - Individuals.

• Other Additional Information: Applications for home loans are subject to the Bank's normal credit approval.

• Other Additional Information: Security of the home loan is located in Australia.

 Bank Fees and Charges

• Application Fee (Upfront), Amount: 0.00. Additional Information: No application fee applies for any home loans under the Complete Package.

• Bank Cheque Fee (Event), Amount: 10.00. Additional Information: Payable per cheque required for settlement purposes and each time you request a bank cheque.

• Arrears Notice Fee (Event), Amount: 35.00. Additional Information: Cost is per notice and payable upon notification that your account is in arrears, during the period the loan is in default.

• Legal Fees (Variable), Amount: Not Listed.. Additional Information: Payable where Bankwest requires external legal services as part of the application.

• Mortgage Registration Fee (Variable), Amount: Not Listed.. Additional Information: These are payable to Bankwest in reimbursement of Land Titles Office fees. Charges vary depending on the State of lodgement.

• Discharge Of Pre-existing Mortgage Registration Fee (Variable), Amount: Not Listed.. Additional Information: These are payable to Bankwest in reimbursement of Land Titles Office fees. Charges vary depending on the State of lodgement.

• Transfer Of Land Registration Fee (Variable), Amount: Not Listed.. Additional Information: These are payable to Bankwest in reimbursement of Land Titles Office fees. Charges vary depending on the State of lodgement.

• Third Party Fees (including Legal Fees) Associated With The Discharge (Variable), Amount: Not Listed.. Additional Information: These are payable to Bankwest in reimbursement of any third party fees associated with a discharge.

• Discharge Of Mortgage Registration Fee (Variable), Amount: Not Listed.. Additional Information: These are payable to Bankwest in reimbursement of Land Titles Office fees. Charges vary depending on the State of lodgement.

• Security Assessment Fee (Variable), Amount: Not Listed.. Additional Information: Payable when we perform a valuation on any mortgaged real property forming part of the Security after the initial settlement in reimbursement of the valuer's fee. This fee does not apply for construction loans on the Complete Home Loan Package and is waived under the Complete Package benefits.

• Legal Disbursement Fee (Event), Amount: 350.00. Additional Information: Applies when a new mortgage is being taken. Applies whether the settlement is attended in person or digitally.

• Complete Home Loan Package Fee (Event), Amount: 395.00. Additional Information: Fee is payable annually in advance and covers all Complete Home Loans held under the Package.

• Preparation Of Discharge Of Mortgage Fee (Event), Amount: 300.00. Additional Information: Payable for the preparation of each discharge of mortgage document.

• Discharge Settlement Attendance Fee (Event), Amount: 38.20. Additional Information: Payable per settlement and applies whether the settlement is attended in person or digitally.

• Title Production Fee (Event), Amount: 130.00. Additional Information: Cost is per title and payable when Bankwest is required to produce title documents.

• Search Handling Fee (Event), Amount: 40.00. Additional Information: Cost is per dealing and payable for completion of any search conducted by Bankwest.

• Progress Payment Fee (Event), Amount: 80.00. Additional Information: Payable on each occasion the Bank makes a progress payment.

• Home Loan Portability Fee (Event), Amount: 350.00. Additional Information: Fee is payable upon application to Bankwest to substitute an existing security with another security.

• Default Administration Fee (Event), Amount: 50.00. Additional Information: Cost is per month and payable on issue of a statutory default notice, during the period that your loan is under administration due to being in default.

• Loan Increase Fee (Event), Amount: 295.00. Additional Information: Payable when you apply to increase the amount of credit or credit limit under an existing loan.

• Lenders Mortgage Insurance (Variable), Amount: Not Listed.. Additional Information: Lenders Mortgage Insurance (LMI) may apply where there is an increased risk associated with a home loan. The circumstances of your loan determine whether a loan will incur LMI. There is a one-off cost associated with LMI. This LMI premium is not a bank fee or an establishment fee. LMI refunds may apply for certain products and customers who met the eligibility criteria.

 Limitations & Restrictions (Constraints)

• Min Limit of 200000.00 Additional Information: Minimum individual loan size is $20,000 however minimum aggregate borrowings required to qualify for the Complete Package is $200,000.