Owner occupied -
Interest rate 2.32%p.a.
Comparison rate* 2.35%p.a.
Maximum LVR 80%
Loan amounts (min/max) $200,000 - $2mil
100% offset available (for just $10p/m)
Fees:
Well application fee $250
Well settlement fee $0 (normally $250)
Well annual fees $0 (unless you want an offset account)
Discharge fee $300
Third party valuation fees Up to $300 free (Well Home Loans will pay up to $300 per loan, 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).
From their website -
As the offset account is provided by a bank (an ADI and more specifically, Bendigo and Adelaide Bank Ltd), the money that’s in the offset account is fully protected in the event that anything happens to Well Home Loans. It’s setup as a seperate bank account, not a “sub-account” of your home loan like most non-ADI lenders.
I'm with well home loans, have been for about 6 months now - they've been great. Quite transparent about the rates for their existing customers as well.
I transferred from reducehomeloans who jacked the interest rate out of cycle a couple of times until it was quite expensive.