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BankWest Seniors Equity Release
Basic Info
Interest Rate 6.27%
Comparison Rate* 6.34%*
Loan Type Reverse Mortgage
Min Deposit 75%
Features
100% Offset Account
Extra Repayments
Redraw Facility
Construction
Split Loan
Capitalise LMI
Branch Network
Credit Card
Fees
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%
Miscellaneous
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
Availability
Full Doc
Low Doc
Non Conforming
Credit Impaired
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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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