(PRWEB) May 04, 2013
Effective March 23, 2013, Bankwest Home Loans is offering a Nil Application Fee on all Premium Select and Double Deal Home Loan Applications including top ups on an existing Premium Select facility and customers transferring to this product from another Bankwest facility.
To coincide with this, Bankwest is also discounting all Premium Select Home Loan tiers by 5 basis points (bps).
Bankwest Head of Specialist Banking, Ian Rakhit said: “These product changes demonstrate our strong intentions and commitment to the broker market as a key distribution channel for Bankwest. With the reduction of 5bps on our Premium Select tiers, this means the minimum discount a customer will be entitled to on this product is 0.80%p.a off our Standard Variable Rate, regardless of LVR.
“Bigger discounts do apply for larger aggregate borrowings below and above 75% LVR, with a sharp rate of 5.59%p.a (comparison rate 5.60%p.a. with 75-95% LVR plus capped LMI) for aggregate borrowings between $200,000 and $750,000.”
The Double Deal and Premium Select Home Loan offer both short and long term attractiveness for customers. Both products offer no ongoing fees, flexibility to borrow up to 95% of the property value, plus cap LMI and a 100% offset facility with a low monthly fee.
“Bankwest continues to deliver our broker customers with more value for money, and we are committed to listening to and acting upon our brokers’ feedback. We understand our broker partners want competitive products with consistent service levels, and we are fully dedicated to delivering this. We encourage brokers to take advantage of our sharp pricing and get in contact with their business development manager should they require additional support and information,” Mr Rakhit said.