Westpac Home Loan Rates
The Westpac home loan rates are available at fixed rate of interest and floating rate of interest. The fixed interest rate for 1 year is charged at 6.19% per annum, for 2 years it is charged at 6.99% per annum, for 3 years it is charged at 7.19% per annum, for 4 years it is charged at 7.84% and for a period of 12 years it is charged at 8.24% per annum. The variable rate of interest depends on the housing loan amount and the repaying capacity of an individual. You can also change over from a fixed rate of interest to a variable interest rate if you feel that the repayments are becoming a burden on you and your family. The bank also charges extra fees for switching over from one interest rate to the other.
Westpac Home Loan Calculator
Westpac bank home loan also offers important tool called the repayment calculator with the help of which you can calculate the rate of interest charged on the amount applied. The calculators are available on their official website and can be used by anyone. In case of any doubt the customer service department is always present to solve all your problems. Please note that the amount shown in the calculator is just an estimated amount and it should not be mistaken for the actual repayment.
Westpac Home Loan Application
Westpac home loan application form should be filled up for being eligible for a home loan. The application form is available at the Westpac Bank. All the necessary details such as present income (net and gross), family size and monthly expenses should be filled in the application form. The bank has all the right to reject any application form if it feels that the applicant will not be able to repay the loan amount. However, the bank does offer an option of decreasing the loan amount depending on the financial condition of the applicant. The home loan officials will also let you know about the fees and pre approval charges if any.
Westpac Home Loan Contact
You can contact the Westpac bank home loan department by dialing 132 032 from anywhere in Australia. The bank's official website provides facilities for filling up a feedback form and sending the same to the bank's concerned department. The customer service executives will get in touch with you as soon as possible. For more details on Westpac Home Loan you can contact the home loan centre at 131 900 or log on to the link given below: