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Non-major reduces application fee

by Staff Reporter9 minute read
The Adviser

Staff Reporter

Bankwest has announced it will more than halve the application fee for its Premium Select and Premium Home Loan packages.

Effective from January 7, the fee will be reduced from $695 to $295.

Bankwest’s head of specialist banking, Ian Rakhit, said the new year was an ideal time for brokers to solidify their relationship with the lender.


“Bankwest is excited to kick start the year and is offering our customers greater value for money by saving an additional $400 on our Premium Select and Premium Home Loan products,” Mr Rakhit said. “This offer is for a limited time and we encourage brokers to submit their applications quickly.

“Also, to coincide with this fantastic deal, we continue to offer a nil application fee on our fixed rate home loans.”

Mr Rakhit said Bankwest is focused on continued improvement within the third party distribution channel in 2013.

“As a challenger brand, Bankwest remains committed to improving business efficiencies for both brokers and customers. The year 2012 has seen several new initiatives implemented, including Delegated Underwriting Authority, Broker Web chat (with further growth expected in 2013) and enhanced credit policies.

“This coming year will be no different. Bankwest will focus on reducing turnaround times with a customised broker checklist to ultimately deliver a happier banking experience for our customers, which is something we’re very excited about,” Mr Rakhit said.

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