Interest rate: 2.47%p.a.
Comparison rate: 2.50%p.a.
Maximum LVR: 80%
Loan amounts (min/max): $200,000 - $2mil
100% offset available: for just $10p/m
Redraw facility
Additional repayments
Fees and Charges
Well application fee: $250
Well settlement fee: $0 (normally $250)
Well annual fees: $0 (unless you want an offset account)
Third party settlement fee: from $150 (processing fee)
Third party valuation fees: Up to $300 free (Well Home Loans will pay up to $300 per property, any excess valuation fees are payable by the borrower(s))
Third party solicitor doc fees: from $385 (depending on your loan structure)
Third party government fees: unascertainable (depends on what you’re borrowing)
Covered by ADI: https://www.wellhomeloans.com.au/frequently-asked-questions/ (Under is Well a Bank)
They create Adelaide Bank Accounts
Way too much fees.
Edit: An application fee? Seriously? What about a fee for an offset account? $10 p/m???