Offset account eligibility
RAMS now provides an offset facility to existing customers with an eligible RAMS Home Loan. The offset facility is not available to company or trust borrowers, or while your loan is on a fixed interest rate.
You can now apply for a new RAMS Offset account via myRAMS (or you can choose to leave your loan as it is).
You can register to access myRAMS^ (if you have not already done so) by calling 13 RAMS, that’s 13 7267.
Below you will find a list of RAMS Home Loans that are eligible for an offset account. If you are unsure of your home loan product name, please call 13 RAMS, that’s 13 7267.
Please refer to RAMS Deposit Products Fees and Charges and RAMS Deposit Accounts Terms and Conditions for full details.
Home Loans eligible for a RAMS Offset account:
Table 1: Current home loan products (available from 15/08/2011)
HOME LOAN PRODUCT NAME
|
| RAMS Full Feature |
| RAMS Self-Employed Low Doc |
| RAMS Low Rate |
| RAMS Low Rate Introductory |
| RAMS Investor |
Table 2: Home Loan products (available prior to 15/8/11)
HOME LOAN PRODUCT NAME
|
| Low Doc 500 Plus 80% Mar08 |
| Low Doc 500 Plus Mar08 |
| SE Low Doc Dec08 |
| EasyStart Jan08 |
| EasyStart Mar08 |
| Rate Relief Aug08 |
| Rate Relief Aug09 |
| Basic Mar08 |
| Basic Aug09 |
| IO Maximiser Mar08 |
| SmartWay Mar08 |
| SmartWay ProPack1 Mar08 |
| SmartWay ProPack2 Mar08 |
| SmartWay ProPack1 Feb09 |
| SmartWay ProPack2 Feb09 |
| FlexiFix SmartWay Jul09 |
| Rent Saver Jul10 |
| SE ProPack1 80% Mar08 |
| SE ProPack2 80% Mar08 |
| SmartWay LowDoc 80% Mar08 |
| SmartWay LowDoc Mar08 |
| SE ProPack1 Mar08 |
| SE ProPack2 Mar08 |
| SE ProPack1 Feb09 |
| SE ProPack2 Feb09 |
| SE ProPack 80 Feb09 |
| FlexiFix SmartWay Low Doc Jul09 |
| Rate Shearer Feb11 |
^myRAMS is not currently available to company and trust borrowers. RAMS Financial Group Pty Ltd ABN 30 105 207 538 AR 405465 Australian credit licence 388065 promotes and distributes RAMS deposit products as an authorised representative of Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714 (“Westpac”). Westpac is the credit provider for RAMS home loans and the issuer of RAMS deposit products. Fees, conditions, limitations and lending criteria apply.