Interest rates

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Margin loan interest rates for customers as at 01 November 2008

Monthly variable rate 9.75%

3 months fixed and prepaid in advance 8.10%

6 months fixed and prepaid in advance 8.10%

9 months fixed and prepaid in advance 8.10%

12 months fixed and prepaid in advance 8.00%

Interest is calculated on the greater of the daily loan balance and $20,000 and
charged to the account on the last day of the month. Interest rates are reviewed
monthly.

We offer complete flexibility with interest payments on your margin loan.

Two interest rate options
Interest can be charged in arrears, or alternatively, it can be charged on a fixed in advance basis, allowing you to lock in an interest rate and manage your cash flows. Pre-paying interest before the end of the financial year may also be a tax effective investment strategy. Interest can be prepaid at a fixed in advance rate for 3, 6, 9 or 12 month periods on a minimum loan amount of $20,000. Prepaid interest is not refundable.

Flexible payment options
You can pay as much or as little interest as you like when it suits you. You can also choose not to pay interest each month - any unpaid interest is added to the loan balance and you can then pay interest on the total amount (this is known as capitalising the interest). Paying interest regularly however, helps to prevent your gearing level from increasing, thus reducing the possibility of a margin call.

Flexible payment methods
Interest can be paid by direct debit facility, BPAY or cheque, or capitalised on the loan.

Interest rate discount options
We offer a minimum discount of 0.20% p.a. to all clients who would like to take advantage of the benefits of Straight Through Processing, by opening an integrated Westpac Broking and BT Margin Lending Online account.

We offer a range of discounts to our published interest rate for new customers, depending on the size of your loan with us, as shown below.

Discount to the variable rate

Loan size	Discount
$500,000 - $749,999	0.25%
$750,000 - $999,999	0.50%
$1,000,000 - $1,499,999	0.75%
$1,500,000 plus	1.00%

Discount to the 12 month fixed in advance rate

Loan size	Discount
$250,000 - $499,999	0.25%
$500,000 - $749,999	0.50%
$750,000 - $999,999	0.75%
$1,000,000 plus	1.00%

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General advice on this website has been prepared without taking into account your objectives, financial situation or needs. Before acting on the advice, consider its appropriateness. Consider our disclosure documents, which include Product Disclosure Statements (PDS) for some products. The PDS is relevant when deciding whether to acquire or hold a product. View our Australian Prudential Regulation Authority Registrable Superannuation Entity (RSE) Licence & Registration numbers.

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Fees and charges apply. Full details of all terms and conditions are available on application. These may be varied, or new terms and conditions introduced in the future. At the end of the fixed rate period, the interest rate converts to the applicable variable rate.

Read the Margin Lending Terms of use.

Monthly variable rate	9.75%
3 months fixed and prepaid in advance	8.10%
6 months fixed and prepaid in advance	8.10%
9 months fixed and prepaid in advance	8.10%
12 months fixed and prepaid in advance	8.00%