Finance Details


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TitleDetails
Lender NameWestpac
Loan nameBridging ICAP Loan
Initial %5.49%
Ongoing %5.49%
Max Term Fixed Rate0
Max Term Interest Only1
Interest Type (Initial)Standard Variable
Interest Type (Ongoing)Standard Variable
Repayment FrequencyMonthly
Repayment Type (Initial)Interest only
Repayment Type (After Initial)Interest only
Additional Loan Splits Allowed0
FinancialsFull Doc
Non ConformingNo
Product Type: CommercialNo
Product Type: Owner OccupiedYes
Product Type: InvestmentYes
Product Type: EquityNo
Product Type: ConstructionNo
Product Type: Vacant LandYes
Product Type: Line of CreditNo
Product Type: ReverseNo
Product Type: BridgingYes
NotesSpecial conditions: - A Bridging loan can be originated in combination with another home loan - Source of the clearance is to be determined at the outset - Interest can be capitalised for a maximum term of 1 year - PAP is not available In BOTH the online submission comments and also on the Introducer Application Pack under Package / Promotion section (Page 2 of the Online Lodgment or Page 3 for manual handwritten loan applications). A customer can capitalise the interest on a Bridging Loan when, based on the loan principal amount only, the LVR is a maximum of 70%. The progressive drawdown option is not available. Security: Primary security is to be a registered first party, first mortgage over; - Property being purchased - Property being sold Foreign Income Policy Non residents - No lending permitted Australian citizens - 70% LVR New Zealand citizens - 70% LVR Permanent visa holders - 70% LVR Temporary visa holders ordinarily resident in Australia - No lending permitted *Applications for new purchases only - any refinances or cash out not permitted. Foreign Income Policy Non residents - no lending permitted Temporary visa holders - no lending for foreign income, 70% LVR for applications involving AUD Australian citizens - 70% New Zealand citizens - 70% Permanent visa holders - 70% * Applications for new purchases only - any refinances or cash out are not permitted.
ERP Notes
BC Notes
OF Notes$8 monthly
Other Fee NotesEst Fee is $1,000 for Investment Property Loans to non-residents. Redraw not available during fixed rate term.
Max LVR70.00%
Capitalise LMINo
LVR NotesForeign Income Policy Non residents - no lending permitted Temporary visa holders - no lending for foreign income, 70% LVR for applications involving AUD Australian citizen
Genuine SavingsNo
Genuine Savings Notes
Min Loan$10,000.00
Max Loan$99,999,999.00
Min Term0
Max Term1
Est Fee$600.00
App Fee$0.00
Val Fee$0.00
Legal Fee$0.00
S/m Fee$0.00
Upfront Fee$600.00
Ongoing Monthly Fee$8.00
Ongoing Annual Fee$0.00
Exit Fee$350.00
Fixed Fee$0.00
Other Fee$0.00
Internet BankingYes
Credit CardNo
BPay OptionNo
Professional PackNo
Cheque AccountNo
Intro RateNo
Telephone BankingYes
Direct Salary CreditYes
Portability of LoanNo
Redraw AvailableNo
Offset AccountNo
Min Redraw$0.00
Free Transactions per Month9999
Loan Redraw Fee$0.00
Lender Category Big Bank