Investor repayment strategies

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Westpac offers a range of loans that have interest only or interest only in advance repayment options to meet the needs of borrowers.

Interest Only

With an Interest Only loan your repayments are reduced as they only cover the interest portion of the loan, and do not reduce the loan principle.
Interest Only loans are ideal for borrowers who wish to:

Free up the principal component to use for other investments, as interest is the only part of the repayment that can be claimed as a tax deduction
Free up their cash flows for other investment opportunities
Obtain short term finance where you wish to buy a new property before selling an existing home
Gain exposure to the property market with lower ongoing servicing costs.

Westpac allows you to choose an interest only period of up to 10 years, and the feature is available across a broad range of products including:

Interest Only in Advance

The Interest Only in Advance option is available on our Fixed Option Investment Loan product.

It allows you to prepay interest 12 months in advance and receive a discount off the standard fixed interest rate. In addition it may allow you to take advantage of potential tax benefits.

The option is available on a fixed interest term of up to 5 years.

Talk to a Westpac Home Loan Expert on 131 900 for more details.

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