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Bank unveils 6.90pc home loan

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Bankwest has today unveiled a heavily discounted variable rate loan that will be available as of Saturday 12 February.

The Super Start Home Loan  boasts an interest rate of 6.90 per cent - a 0.8 per cent p.a discount off the lender’s standard variable rate for the first three years of the loan.

After three years the mortgage will then revert to the bank's Lite Home Loan variable rate for the life of the loan.

Bankwest’s national sales operations manager David Ewens said that customers would be able to borrow up to 95 per cent LVR (loan to valuation ratio).

“The mortgage also boasts no on-going fees and no maximum borrowings,” he said.

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