![]() ![]() Is prepared without knowing your personal financial circumstances.Is subject to the assumptions, which are subject to change.Our lending criteria, and basis upon which we assess what you can afford, may also change at any time without notice. Changes in interest rate will affect the calculation. ++ This is an estimate of the potential offset savings based on the information provided: your actual savings may differ depending on your situation. Based on Westpac's credit criteria, residential lending is not available for Non-Australian Resident borrowers. So it may be worth comparing our offset home loan to our basic Flexi First Option Home Loan, which has our lowest variable rate home loan and comes with lower fees.Ĭonditions, credit criteria, fees and charges apply. All of our Westpac variable rate home loans let you make unlimited extra repayments and redraws, with no redraw fee 2.You won’t earn any interest on your offset account.If your offset balance is always low, it may not be worth paying for this feature.Large sums in a transaction offset account can be a spending temptation for some.Home loans with offset tend to have higher rates and fees.Investor-friendly – option to use your offset account solely for your personal transactions, to prevent them from inadvertently mixing with your investment home loan expenses.Confidence – a safety buffer for a rainy day, without the need to redraw.Keep track of complex day-to-day finances.Set & forget – no need to transfer extra repayments into your home loan to reduce home loan interest.your salary, spare funds and day-to-day living allowance (only pay interest on your loan balance minus your daily offset balance) Every single dollar of your balance works for you, e.g.That's a very good question, and depends on a few things like how you’ll use your account, your redraw facility, interest rate and loan amount. ![]()
0 Comments
Leave a Reply. |