Home > Home > Interest Rates & Fees

More than just a low rate, low fees…

The AFE Loan is a variable rate loan that is fully featured, allowing WA customers to access one of the lowest variable interest rates available!

Although other lenders offer low rates, our loan is distinct. It is a fully featured loan and includes salary crediting, no monthly or administration fees, flexible repayment options and unlimited free redraws.

Rates, fees and charges on new applications

   Amount Notes
Interest Rate 6.29%
Comparison Rate 6.29%
Application fee $0
Valuation fee $0 for first property
Legal fees $0 for individual borrowers
Settlement fee $395 for individual borrowers
Additional valuation fee $275 for each additional security property
Excess valuation fee TBA where the cost to value your property is greater than $220 including GST, the difference is payable by you
Guarantor fee $220 for each guarantor (if applicable)
Company applicant fee $220 for each company borrower (if applicable)
Trust applicant fee $220 for each trust borrower (if applicable)
Re Documentation fee $110 where loan agreements are changed by you prior to settlement (if applicable)
Special Attendance Fee $150 For example, consent to second mortgage.  Please note additional valuation fees and legal fees may be required.

 

   Amount Notes
Interest Rate 6.11%
Comparison Rate 6.48%
Application fee $395
Valuation fee $0 for first property
Legal fees $0 for individual borrowers
Settlement fee $395 for individual borrowers
Additional valuation fee $275 for each additional security property
Excess valuation fee TBA where the cost to value your property is greater than $220 including GST, the difference is payable by you
Guarantor fee $220 for each guarantor (if applicable)
Company applicant fee $220 for each company borrower (if applicable)
Trust applicant fee $220 for each trust borrower (if applicable)
Re Documentation fee $110 where loan agreements are changed by you prior to settlement (if applicable)
Special Attendance Fee $150 For example, consent to second mortgage.  Please note additional valuation fees and legal fees may be required.

Variations to existing loans and transaction fees

Fee Amount Notes
Small increase fee $250 plus valuation if required for increases under $100,000
Increase in principal sum $250 plus valuation fee (if required) for increases over $100,000.
Loan switching fee $250 for any change in product, limit adjustments or loan repayment type (no fee is payable
for fixed loans reverting to variable loans at the end of fixed rate term)
Redraw fee Nil
Withdrawals
(All-in-one and Equity only)		 10 free per month then $1.50 for personal cheque (currently not charged) $2.00 for telephone transfers per transaction (currently not charged) $3.70 for ATM withdrawal outside Australia per transaction.
Over the counter deposits at any Westpac branch $1.50 currently not charged
NIVA facility fees Nil transaction fee $20 for replacement card within Australia or $50 outside Australia
Additional copy of statement $7 per statement page
Default fee $100 for each month account remains in arrears above $200.
Dishonoured payment fee $9.00 Up to $35 for dishonoured electronic payments, direct debits or cheques.
Discharge payment fee $500.00 Up to $250 in addition to any break costs or deferred establishment fee.
Deferred establishment fee 1.20%  of original loan amount if discharged in year 1
1.20%  of original loan amount if discharged in year 2
1.20%  of original loan amount if discharged in year 3
1.00%  of original loan amount if discharged in year 4
0.80%  of original loan amount if discharged in year 5
Nil      Year 6 onwards
Break costs Applicable to fixed rate loans where principal reductions are made during fixed term.

This Comparison Rate is for a loan of $250,000 over 25 years.

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.