More Details

Loan Details

 

Lender
https://www.erates.com.au/wp-content/uploads/2019/02/Bankwest.png
Comparison Rate
6.24
Name
Mortgage Shredder Investment IO
Lender
Bankwest
Product Name
Mortgage Shredder
Product Details
Variable interest rate housing loan for customers purchasing a residential property for owner-occupier, investment or construction purposes. Investment refinance P&I repayments only
Variable Rate
6.22
Fixed Rate
Fixed Period
Introductory Discount Rate
Discount Period
Application Fees
695
Discharge Fees
338.5
Ongoing Fees
0
Valuation Fees
0
Lenders Legal Fees
250
Lenders Settlement Fees
0
Minimum Loan Amount
20000
Max Loan Amount
0
Owner Occupied
N
Investment
Y
Repayment Option
Interest Only
ACT
Y
NSW
Y
TAS
Y
QLD
Y
VIC
Y
SA
Y
WA
Y
NT
Y
Standard Variable
Y
Fixed
N
Interest In Advance
N
Reverse Mortgage
N
Basic
N
No Doc
N
Low Doc
N
Equity
N
Intro
N
Credit Impaired
N
Professional Pack
N
Minimum Loan Term (years)
1
Max Loan Term (years)
30
Rate Details
Fee Details
Application fee includes legal fees for standard mortgage preparation and one standard valuation.
Internet Banking
Y
Mortgage Offset Available
Y
Redraw Details
Redraw surplus repayments available through home loan access. Min $1,000 per transaction - $10 fee. (Fee will only be charged for home loan access requests completed at Store). Max 90% LVR after redraw
Redraw Facility
Y
Construction
Y
Can Make Extra Repayments
Y
Repayments Fortnightly
Y
Repayments Monthly
Y
Repayments Weekly
Y
Salary Direct Available
N
Portability
Y
Split Available
Y
Split Details
Nil at application, $495 if not part of a full application