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12 month variable rate intro offer

Our 12 month intro offer home loan saves you thousands on your loan.

12 month variable rate intro offer

Save thousands on your loan.

Right now you can get a variable rate home loan that will save you thousands over the life of your loan. If you are looking to refinance an existing loan or purchase a new property, this loan is exactly what you are after. That is because it has a  huge 1.45% discount off our standard variable rates and you will have access to a 100% offset transaction account.

This offer is only available to new or refinanced loans to WAW for owner occupied or residential investment properties over $50,000.

Features
  • 1.45% discount off the applicable standard variable rates.
  • Available for Owner Occupied or Residential Investment properties.
  • Borrow up to 95% of the value of home with Mortgage Insurance or 80% without Mortgage Insurance.
  • Access to redraw facilities.
  • Zero monthly or annual account keeping fees.
  • No restrictions on making extra repayments.
  • Assistance with applying for the Government First Home Buyers Grant where relevant.
  • Eligible for inclusion in the WAW Customer Benefit Program
 

*Terms and conditions apply. Comparison rate is based on a secured owner occupied loan of $150,000 over 25 years. WARNING: Comparison rate is only true for the example given and may not include all fees, charges and waivers. Different terms, fees or other loan amounts may result in a different comparison rate. Offer correct at time of publication but can be altered without notification.

12 month Variable Rate Intro Offer Terms & Conditions.
1) Interest Charges:
a) Customers will be charged a rate that is a 1.45% reduction on the prevailing applicable Standard Variable Rate for the first 12 months of the home loan.
b) At the end of the 12 month period the loan will revert to the prevailing Standard Variable Rate for the applicable product.
c) If, at the end of the introductory period, a change is requested to a product different to the Standard Variable Rate home loan, standard WAW fees and charges will apply.
2) Loan types eligible for the promotional offer:
a) New owner occupied and investment housing loans not less than $50,000.
b) Loans refinanced from other financial institutions not less than$50,000.
c) Existing WAW owner occupied and residential investment home loans are not eligible.
3) There are no early repayment fees.
4) General:

a) The standard WAW loan approval criteria apply to each loan application.
b) More than one property can be used to secure the loan.
c) An approval for this loan offer will remain open for a period of 3 months.
d) Funding of this loan type must occur within 3 months from the date of the loan approval.
e) WAW reserves the right to vary or withdraw this offer without notification.

Rates
Owner occupied 12 month variable rate intro offer 3.48% p.a
Comparison Rate* 4.79% p.a
Investment 12 month variable rate intro offer 4.58% p.a
Comparison Rate* 5.52% p.a

Download our current Loan Interest Rate and Fees Schedule here

*Terms and conditions apply. The comparison rate is based on a loan of $150,000 over 25 years. Different amounts and terms will result in different Comparison Rates. Costs such as redraw and 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.

Warning: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Fees

Loan Application fee

Owner Occupied / Residential Investment $600.00
Increase fee $300.00
Guarantees Facility application fee $400.00
  Each guarantee $100.00
  Half yearly service fee - 0.50% of facility limit Min. $50.00
Redraw Facility Fee (per redraw) $20.00

Other Fees

Product / Rate switching $600.00
Substitution of Property Mortgage $300.00
Bill of Sale / Goods Mortgage - Registration / Variation At Cost
Mortgage Insurance At Cost
Legal Fees, Valuations, Surveys, Settlement Fees At Cost
   
Titles & Related Fees Discharge of Mortgage Costs + $400.00
  Production or Consideration Fee Costs + $50.00
  Photocopy $5.00
  Title or Final Notice At Cost
How To Apply

If you are interested in applying for this loan please click on the link below to fill out our online enquiry form with your name, contact details and the product you are interested in. One of our dedicated loans staff will contact you to further the application process.

Alternatively, you can contact us on 1300 368 555 and ask to speak to one of our home loan specialists.

 

Enquire Now