Seniors Equity Release Home Loan

  • top up your retirement income with extra cash
  • no repayments required during the life of the loan
  • borrow up to 25% of the value of your home

Rates

Home Loan Our Rate Comparison Rate
Seniors Equity Release Home Loan
6.20 % p.a.
6.24 % p.a.

Fees

Description Fee
Home Loan Application Fee (#1)
$695
Transfer Fee
$95
Portability Fee
$350
Home Loan Access
$10
Progress Payment Fee
$80
Security Assessment Progress Inspection Fee
$118.50
Partial Drawdown Fee
$100

 

#1 - Includes legal fees for standard mortgage preparation and one standard valuation fee. Any amount in excess of the standard fees are to be met by the customer. The amount charged may vary depending on the type of valuation, the location of the property or the loan amount sought.
Fees subject to change without prior notice. NOTE: Other Government and Bank fees may be payable. This schedule is intended for new borrowings only. Terms and conditions are available on request. To find out more information, call the Bankwest Customer Help Centre, or visit any Bankwest store.

 

 

Other fees may apply. A full list of fees will be set out in your home loan contract.

Comparison rate based on a loan of $150,000 for a term of 25 years. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. 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.

 

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