Terms and conditions apply and are available on request. For lending products, lending criteria and fees and charges apply. For deposit and payment products, please ensure you read and consider the Product Disclosure Statement (which you agree to be provided through this link) before making any decision about the product(s). Any advice given does not take into account your objectives, financial situation or needs so please consider whether it is appropriate for you. Rates stated are subject to change without notice. Bankwest is a division of Commonwealth Bank of Australia, which is the product issuer unless otherwise stated. To use this Website, you are required to read the Financial Services Guide (PDF) (which you agree to be provided by accessing the link). © Copyright Bankwest, a division of Commonwealth Bank of Australia (Bankwest) ABN 48 123 123 124 AFSL / Australian credit licence 234945. Also to the extent permitted by law, Bankwest, a division of Commonwealth Bank of Australia ABN 48 123 123 124 AFSL / Australian credit licence 234945, its related bodies corporate, employees and contractors accept no liability or responsibility to any persons for any loss which may be incurred or suffered as a result of acting on or refraining from acting as a result of anything contained in this article. You should not act on the basis of anything contained in the FAQs without first obtaining specific professional advice. The information contained in the FAQs is of a general nature and is not intended to be nor should it be considered as professional advice. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. Different amounts and terms will result in different comparison rates. WARNING: This comparison rate applies only to the example or examples given. Different rates apply for different loan amounts and may depend on the duration of a fixed rate period or the ratio of the loan amount to the property value. It’s calculated using a standard formula that includes the interest rate, as well as certain fees and charges relating to a loan (not all fees and charges are included).Ĭomparison rate is calculated on the statutory assumption of $150,000 loan over 25 years but the minimum required loan amount is $200,000 for the Complete Home Loan Package. It’s a tool that can help you identify the truer cost of a loan. Loans for a property to live in (also known as owner-occupier loans) include – but aren’t limited to – loans to fund the purchase of a property or refinance an existing loan, where the borrower currently resides or intends to reside in the property. Loans for an investment purpose (also known as investor loans) include – but aren’t limited to – loans where the predominant part of the loan is used to invest in shares, land, construction or an established dwelling (including refinance of investment loans). What’s the difference between a property to live in, and an investment purpose?
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