Alternative to Westpac Rocket Repay

Looking for 1m investment loan. One option we saw is:

Westpac Rocket Repay Variable (PAP) (P&I) - Investment
Interest Rate 3.74% 30years (variable)

But I think the interest rate is high.
What other options I have for P&I variable for my 1m investment loan?

Thanks in advance!

 

heaps of other options, with much lower rates. Keep in mind that Westpac will discount that rate - no one would pay it (actually some do).

Best to speak to a broker.

 

Thanks, it gives us good relief
Can share some options please?
Will search/compare them for more details.

 

Only the standard discount is noted on that rate. In fact if pricing for additional discount is sent in you should be able to get a bigger discount and the rate should be lower.

There should be alot of lenders and options for you assuming youre borrowing 80%.

 

legally I can't. But there are lenders out there with lower rates and better policies.

 

I'm not really a fan of Westpac. Average serviceability profile with Westpac & generally their rates haven't been anything special (there are exceptions). They have some good policy niches, but overall I think there's better lenders.

 

Making recommendations requires that we know and understand your personal circumstances, which we don't. If you want recommendations, consult a mortgage broker.

 

That won't be your WPC end rate, they are strangely sharp on the pricing at the moment, especially for low LVR loans, will likely be the cheapest of the big hitters.

Overall the lending market is very deep, cost is cheaper than ever (and recent falls too), approvals are faster than ever, serviceability is higher than ever, tech is speeding things up and making quicker/accurate decisions than before.

On balance its a very very favourable credit environment.