Westpac Premier Advantage Fixed 10 Years

The Westpac Premier Advantage 10-Year Fixed Rate Loan combines Westpac’s longest fixed rate home loan with a dynamic loan package. This bundled product includes the Fixed Options loan with a Westpac Savings account and the Westpac credit card. It offers a single annual fee of $395 that can help you save a lot of money on separate fees. The annual fees on the savings account and the credit card account are waived with this package.

When the full amount of your total borrowed amount goes above $150,000 it is to the Premier Advantage Package, which may save you a considerable amount. This loan package includes a discounted interest rate that is lower than the Standard Variable Rate offered by Westpac.

KEY BENEFITS

The Westpac Fixed Rate Home Loan includes the following key benefits:

Rate Lock

This feature allows you fixed your interest rate at the time of the application.

Extra Repayments

You have the ability to make extra repayments up to $25,000 during the fixed-rate term so you can pay the loan off more rapidly when you have the means to do so.

Redraw Facility

The redraw feature lets you remove cash from your home loan. You can only redraw the additional payments you made above those scheduled.

Interest Only Payments

You can stop paying the principal on your mortgage and pay only interest on the loan for up to ten years.

Split Loans

This feature allows you to split your Fixed Rate Loan, using it for part of the amount you borrowed while using another loan for the rest.

Repayment Holidays

A repayment holiday allows you to cease your mortgage payments for a certain time provided you have paid above the required payments.