Products and features
More offsets, less home loan
Does your client have a Rocket loan? They can link up to 10 offset accounts.**
- Every dollar in a linked offset reduces home loan interest.
- Easier budgeting: distribute funds into buckets, like income and expenses.
- To link their offset, sign in to Online Banking or the Westpac App, select Manage offset accounts and follow prompts.
Read our FAQs by searching "Westpac Multiple Offset FAQs" on BrokerHub.
Product features |
Basic variable loan |
Fixed rate loan |
Variable with offset |
Construction loan |
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Family guarantee |
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Offset available |
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Split loan |
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2 |
2 |
Portability1 |
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2 |
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Extra repayments1 |
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(up to $30k/fixed period) |
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Redraw |
(up to $30k/fixed period) |
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Parental leave |
(OO loans only) |
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(OO PIF loans only, after 12 months) |
Repayment holiday1 |
(available redraw) |
(available redraw) |
(available redraw) |
Switching |
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3 |
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Top-ups1 |
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| Bridging Loan4 | |
Existing OO loans only | Existing OO loans only |
A second loan to help make sustainable upgrades to your home
You could help clients make energy-efficient and climate-resilient upgrades to their home, with our Sustainable Upgrades home and investment loan on a cool 4.24% p.a. variable rate (4.62% p.a. comparison rate)*.
Quick tips, handy tools, and useful guides
Home loan calculators
Things you should know
Credit Criteria, fees and charges apply. Terms and conditions available on request. Based on Westpac's credit criteria, residential lending is not available for Non-Australian Resident borrowers.
This information's been prepared without taking your clients objectives, needs and overall financial situation into account. For this reason, your client consider the appropriateness of the information and, if necessary, seek appropriate professional advice. This includes any tax consequences arising from any promotions for investors and customers should seek independent advice on any taxation matters.
If any of the information related to (or provided by) Westpac Group that you rely on is printed, downloaded or stored in any manner on your systems, files or otherwise, please ensure that you update your systems and files with the most up-to-date information provided by us and rely only on such updated information.
**Offset is available on a Rocket Repay Home Loan or a Rocket Investment Loan. You can link multiple offset accounts to a loan account, but each eligible offset account can link to just one loan account. If any named account holder of a transaction account is not a borrower on the loan account, the loan account cannot be linked to that transaction account.
+LVR stands for the loan-to-value ratio. LVR is the amount of your loan compared to the Bank’s valuation of your property offered to secure your loan expressed as a percentage. Home loan rates for new loans are set based on the initial LVR and won’t change during the life of the loan as the LVR changes.
Premier Advantage Package: Conditions of Use and $395 annual package fee applies. You must either hold or be approved for a Westpac Choice transaction account in order to qualify and continue to receive the benefits of the Premier Advantage Package. Applicants must have a Westpac Choice transaction account linked to the home loan at the time of settlement and must keep this account open for 60 days after settlement. Before deciding to acquire a Westpac Choice account, read the terms and conditions, and consider whether the product is right for you. Tax consequences may arise from this promotion for investors and customers should seek independent advice on any taxation matters.
Premier Advantage Package Conditions of Use (PDF 119KB)
2Break costs may apply
3If at any time before the end of a fixed rate period you switch to another product, interest rate (fixed or variable) or repayment type, then a break cost may apply.
4 Bridging Loan: Available for Owner Occupier purposes only for a period of 12 months. After the first 3 months interest rate increases by 1.00%. Not available for investment property purchases, debt consolidation or residential lending originated under family or company trusts.
*Sustainable Upgrades home loan and Sustainable Upgrades investment loan comparison rate: The comparison rate is based on a loan of $30,000 over the term of 5 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
^Flexi First Option Home Loans and Investment Loans: Life-of-loan discount is available for new Owner Occupier and Investment Property loans. This includes both Principal & Interest and Interest Only repayments. Offer does not apply to product switches. Interest rates are subject to change. Offer may be varied or withdrawn at any time.
Comparison rate: The comparison rate is based on a loan of $150,000 over the term of 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
© 2021 Credit criteria, fees and charges apply. Terms and conditions available on request. Credit provided by Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714.