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One of Australia’s majors has extended the discount on one of its most popular products.
At the end of last week, Westpac announced it would extend the special home loan discount offered on its Premier Advantage Package until Friday 9 August.
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The discount, which was originally scheduled to end this Sunday, allows borrowers to save up to 100 basis points on their variable rate.
According to the lender, those with combined borrowings greater than $500,000 will receive 1 per cent off their variable rate for new PAP loans.
Those with borrowings between $250,000 and $500,000 will receive a 0.9 per cent discount, while those borrowing less than $250,000 will receive a 0.7 per cent discount.
This latest enhancement is just one of many things Westpac is doing at the moment to improve its proposition to both brokers and borrowers.
