- MVA Financial Services
Westpac Fixed Rate changes effective Monday 14 October 2019
Updated: Nov 14, 2019
Effective Monday 14 October 2019, Westpac is decreasing the following Fixed Option Home Loan with Principal & Interest repayments and Fixed Rate Investment Property Loan interest rates for both Principal & Interest and Interest Only repayments.
Please note: The above rates exclude any LVR^^ discounts for new loans.
The important detail for fixed rates:
The fixed rates are applicable to new and existing home lending customers. If customers have not rate locked their fixed rate or the rate lock has expired, then the rate applicable to their loan will be the carded rate (less any applicable discount) on the date the loan settles. If customers have already locked in their fixed rate, then they will receive the locked in rate applicable to their loan, on the date the loan settles.Fixed rate loans must be under the Premier Advantage Package. A $395 annual package fee applies.
Customers need to consider their own financial situation and seek independent advice when considering the option to fix their loan.
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