Westpac Premier Advantage Fixed 1 Year

The Westpac Premier Advantage Package Fixed 1 Year Home Loan provides consumers with a discounted fixed rate for 1 year on loans $150,000 and above. The discount on the standard fixed rate is 0.20% and presents a fantastic opportunity to take out a competitive fixed loan for 1 year. Knowing what you home loan repayments are is a key behind consumers taking out a fixed home loan. The sense of security over repayment amounts is a great benefit of a fixed home loan.

A fixed rate also mitigates the risk associated with taking out a variable loan which is influenced by the market rates. Changes to the variable rates will not impact the fixed home loan repayment amounts.

Westpac is one of the oldest and most established banks in Australia, take comfort in knowing your loan is with one of the big 4 banks.

The is a single annual fee of $395 that allows you to bundle up your home loan and transaction accounts to receive the interest rate discounts and attached features.

KEY BENEFITS

There are multiple benefits with the Westpac fixed home loan.

Low Rates of Interest

Through the Advantage Package you will receive an interest rate discount of 0.20% for loans $150,000 or greater. Lower interest rates are a fantastic way to save money and get ahead on your home loan.

$0 Establishment Cost

There is $0 establishment cost associated with the home loan. No need to pay money at the outset just to get started on your fixed package home loan.

Rate Lock

The rate lock feature is a great product that minimises losses that occur during the home loan process. The rate lock means that your fixed rate is setat the application phase and not upon settlement. If rates do rise during the loan process you will not be paying the higher rate of interest.

Home Loan Split

Take out the loan along with another Westpac home loan product. Splitting your home loan facility over 2 loans give you access to the features and benefits of both of the loan products.

Holiday Option

The holiday payment option is a flexible feature that allows you to pause payments on the loan if you come into financial difficulty. Note that the holiday period is limited in time and additional fees and charges may apply.