Calculations are estimates provided as a guide only. The repayment calculator is provided for your convenience to determine an approximate repayment based on the term, rate and amount finance you have nominated. Repayment quotes can only be relied upon by contacting a Westlawn consultant who can provide a written quote detailing the true APR, fees and upfront costs. The calculator provided assumes interest rates don’t change over the life of the loan and are calculated on the rate that applies for the initial period of the loan. Interest rate options referenced in this calculator tool may or may not be current rates and may change at any time.
Fees and charges are payable. The calculations do not take into account fees, charges or other amounts that may be charged to your loan (such as establishment or monthly service fees or stamp duty). Lenders' Mortgage Insurance or a Low Deposit Premium may apply to your loan depending on the size of your deposit; security, applicant and loan attributes. This is a one-off cost and will be added to the loan amount. Any of these additional amounts will increase repayments under the loan.
We have different rates that apply, depending on the type of loan and whether you are making interest only payments or principal and interest repayments. During an interest only period, your interest only payments won't reduce your loan balance. At the end of an interest only period, your repayments will increase to cover principal and interest components.
Calculations are not a loan approval. Applications are subject to credit approval, satisfactory security and minimum deposit requirements. Conditions apply to all loan options. Full terms and conditions will be set out in our loan offer, if an offer is made.
