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Your Scenario
Loan Type
Fixed Rate Term
Number of properties

BankWest Seniors Equity Release

Basic Info

Interest Rate 6.27%

Comparison Rate* 6.34%*

Loan Type Reverse Mortgage

Min Deposit 75%


100% Offset Account

Extra Repayments

Redraw Facility


Split Loan

Capitalise LMI

Branch Network

Credit Card


Application Fee $695

Monthly Fee $0

Annual Fee $0

Settlement Fee $0

Legal Fee $250

Valuation Fee $0

Redraw Fee $50

Extra Repayment Fee $0

Split Fee $0

Rate Lock Fee $0

Other Fee $0

Maximum LVR by Loan Size

$20,000 – $250,000 25%


Term 0-30yrs

Owner Both

Maximum LVR 25%

LMI Payable -

LMI Provider QBE

Repayment Methods P&I

Min Loan Size $20k

Max Loan Size $0M


Full Doc

Low Doc

Non Conforming

Credit Impaired

Based on your settings you appear to be eligible for this product.

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*The comparison rates above are for secured home loan products of the lenders as shown, based on a loan amount of $150,000 and a term of 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

**Different terms, fees or other loan amounts may result in different repayment amounts.

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