If you've ever wanted to design your own home loan and banking package, now's your chance with the Bankwest Complete Home Loan Package.
This flexible loan package lets you combine three of Bankwest's financial products into the one account. The package offers variable rate, fixed rate and equity loan options as well as the ability to link your Bankwest credit card and an offset account.
How does the Complete Home Loan Package work?
This is not a home loan, but rather is a package that allows you to combine your home loan, credit cards and offset account into one. When you select an eligible Bankwest home loan, you can package it with a Bankwest Qantas Mastercard or Bankwest More Mastercard in either the Classic or Platinum tier, and also a Bankwest offset account. This package then charges you one combined annual fee for all three products.
Who is the loan suitable for?
This loan would be suitable to you if you already have or want to get a Bankwest credit card and offset account. This package lets you choose from a variety of loan options and as such there are options to suit most financial situations.
Features of the home loan
The Bankwest Complete Home Loan Package comes with some features that make it a viable option for borrowers to consider.
- Options. Bankwest lets you choose from variable rate, fixed rate or equity loan options with this package.
- Discounted interest rates. In return for paying the annual package fee you'll receive lower interest rates on your home loan.
- Combine other financial products. You can combine your home loan, credit card and offset account into one package.
- Combined fees. The Complete Home Loan Package waives fees on other banking products in exhange for an annual package fee. Both the Variable Rate Home Loan and the Fixed Rate Home Loan come with free offset accounts and the Variable Rate Home Loan offers borrowers free online redraw.
How to apply
If you are a new customer you can provide your details to Bankwest and a Bankwest lending specialist will get back to you. If you are an existing Bankwest customer you can apply through internet banking. When you apply you will need to provide the following:
- Personal details including contact details and date of birth
- Financial details including details of your income, assets and debts
- Your ongoing living expenses
To be eligible for this home loan package you need to meet the following criteria:
- You must be able to pay the annual package fee of $395
- Your initial home loan size must be at least $200,000
- You must hold an eligible home loan, a Bankwest More Classic or Platinum Mastercard or a Bankwest Qantas Classic or Platinum Mastercard and an Offset Transaction Account