R Rolf Schaefer 17th Jul, 2008 #1 As of 21 July Westpac will offer a 0.2% discount on all fixed rate loans within their pro pack - for new business only.
As of 21 July Westpac will offer a 0.2% discount on all fixed rate loans within their pro pack - for new business only.
MichaelW 17th Jul, 2008 #2 Rolf, Please elaborate... I'm currently in the WBC pro pack but fully variable with a 80bp discount. I guess I'm not new business so don't qualify, but I'd still be interested in the 20bp discount and what rates this translates to. Cheers, Michael
Rolf, Please elaborate... I'm currently in the WBC pro pack but fully variable with a 80bp discount. I guess I'm not new business so don't qualify, but I'd still be interested in the 20bp discount and what rates this translates to. Cheers, Michael
S Spectre 17th Jul, 2008 #3 We were advised its for new and existing Westpac clients with Premier Advantage. Applies to fixed rates. Full or low doc.
We were advised its for new and existing Westpac clients with Premier Advantage. Applies to fixed rates. Full or low doc.
R Rolf Schaefer 17th Jul, 2008 #4 I am sure that you can get the discount if you convert some of your variable rate loans to fixed rate loans. Remember, variable rate discount 0.8bps (in your case); fixed rate loan discount 0.2bps. Example: Variable Investment loan rate currently at 9.61% less standard 0.7% discount - actual charged rate will be 8.91% 3 yr fixed rate currently at 9.49% less 0.20% discount - actual charged rate will be 9.29% Hope that clarifies it a little more
I am sure that you can get the discount if you convert some of your variable rate loans to fixed rate loans. Remember, variable rate discount 0.8bps (in your case); fixed rate loan discount 0.2bps. Example: Variable Investment loan rate currently at 9.61% less standard 0.7% discount - actual charged rate will be 8.91% 3 yr fixed rate currently at 9.49% less 0.20% discount - actual charged rate will be 9.29% Hope that clarifies it a little more
Andrew_A 17th Jul, 2008 #5 Rolf Schaefer said: As of 21 July Westpac will offer a 0.2% discount on all fixed rate loans within their pro pack - for new business only. Click to expand... Any chance the other majors will be offering such discounts?
Rolf Schaefer said: As of 21 July Westpac will offer a 0.2% discount on all fixed rate loans within their pro pack - for new business only. Click to expand... Any chance the other majors will be offering such discounts?
W WinstonWolfe 17th Jul, 2008 #6 Suppose they haven't increased the size of the redraw facility on fixed?
R Rolf Schaefer 17th Jul, 2008 #7 No, Westpac redraw facility on fixed loans has not been increased. St George offers 0.2% discount on fixed rates CBA offers 0.15% discount on fixed rates.
No, Westpac redraw facility on fixed loans has not been increased. St George offers 0.2% discount on fixed rates CBA offers 0.15% discount on fixed rates.