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Bankwest slashes pricing

by Staff Reporter7 minute read

Bankwest has today cut pricing on its Premium Select Home Loan and will reintroduce its Low Doc Home Loan.

The Premium Select Home Loan offers a life-of-loan discount with minimal fees, with the new pricing offering 6.85 per cent for loans with an LVR of under 75 per cent and 6.95 per cent for loans between 75 and 95 per cent LVR plus capped LMI for aggregate borrowings between $200,000 and $749,000.

In addition, clients seeking aggregate borrowings of more than $750,000 are eligible for larger discounts, the bank said.

The reintroduced Low Doc Home Loan will replace the Easy Doc Home Loan, effective immediately, the bank also announced this morning.

“To coincide with this, and to further cement our commitment to the [broker] channel, we will also be extending our Nil Application Fee offer on our Home Loan products until further notice,” head of specialist banking Ian Rakhit said in a press release.

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