Owner Occupier
The below interest rates tables does not include any LVR+ pricing adjustments for new lending. Visit our home loan interest rate page for our latest interest rates including applicable LVR discounts or additional margin for new home loans.
| Principal & Interest | Interest Only | Key Fees | |||||
|---|---|---|---|---|---|---|---|
| Interest rate (p.a.) | Comparison rate (p.a.)^ | Interest rate (p.a.) | Comparison rate (p.a.)^ | Annual package fee | Establishment fee | Monthly fee | |
| Variable Rate Home Loans | |||||||
| Flexi First Option Home Loan (New Lending Special Offer Rate) | 6.54%1 |
6.86% | 8.24%2 | 8.24% | N/A | $0 | $0 |
| Rocket Repay Home Loan (non-packaged) | 8.83% | 8.96% | 9.42% | 9.55% | N/A | $600 | $8 |
| Rocket Repay Home Loan (Premier Advantage Package)# | 7.54% | 7.87% | 8.13% | 8.45% | $395 | $0 | $0 |
| Bridging Loan (OO loans only for a period of 12 months3) |
N/A | N/A | 9.42% | 9.55% | N/A | $600 | $8 |
| Sustainable Upgrades Home Loan4 (An extra home loan secured against your property) |
4.49% | 4.87% | N/A | N/A | $0 | $0 | $0 |
| Fixed Options Home Loan* with Premier Advantage Package# | |||||||
| 1 year | 6.19% | 7.72% | 6.49% | 8.27% | $395 | $0 | $0 |
| 2 years | 5.99% | 7.55% | 6.29% | 8.06% | $395 | $0 | $0 |
| 3 years | 5.99% | 7.41% | 6.29% | 7.90% | $395 | $0 | $0 |
| 4 years | 5.99% | 7.29% | 6.49% | 7.83% | $395 | $0 | $0 |
| 5 years | 5.99% | 7.18% | 6.49% | 7.71% | $395 | $0 | $0 |
Important Details
Flexi First Option Home Loan (New Lending Special Offer Rate):
Principal & Interest repayments - includes a 1.64% p.a. discount for 2 years from loan settlement date reverting to a 1.24% p.a. discount thereafter.
Interest Only repayments - includes a 0.53% p.a. discount for the life of the loan.
Rocket Repay Home Loan with Premier Advantage Package - includes a 1.29% p.a. interest rate discount and $395 annual package fee. Min loan size $150,000.
Fixed Rate Options Loans with Premier Advantage Package - includes a 0.20% p.a. interest rate discount and $395 annual package fee. Min loan size $150,000.
Investment Property Loans
The below interest rates tables does not include any LVR+ pricing adjustments for new lending. Visit our home loan interest rate page for our latest interest rates including applicable LVR discounts or additional margin for new home loans.
| Principal & Interest | Interest Only | Key Fees | |||||
|---|---|---|---|---|---|---|---|
| Interest rate (p.a.) | Comparison rate (p.a.)^ | Interest rate (p.a.) | Comparison rate (p.a.)^ | Annual package fee | Establishment fee | Monthly fee | |
| Variable Rate loans | |||||||
| Flexi First Option Investment Loan (New Lending special offer) | 6.84%1 | 7.16% | 7.34%2 | 7.66% |
N/A | $0 | $0 |
| Rocket Investment Loan (non-packaged) | 9.38% | 9.51% | 9.64% | 9.77% | N/A | $600 | $8 |
| Rocket Investment Loan (Premier Advantage Package)# | 8.09% | 8.41% | 8.35% |
8.67% | $395 | $0 | $0 |
| Sustainable Upgrades Home Loan4 (An extra investment loan secured against your property) |
4.49% | 4.87% | N/A | N/A | $0 | $0 | $0 |
| Fixed Rate Investment Property Loans* with Premier Advantage Package# | |||||||
| 1 year | 6.34% | 8.22% | 6.49% | 8.46% | $395 | $0 | $0 |
| 2 years | 6.19% | 8.01% | 6.29% | 8.23% | $395 | $0 | $0 |
| 3 years | 6.19% | 7.84% | 6.29% | 8.05% | $395 | $0 | $0 |
| 4 years | 6.19% | 7.69% | 6.29% | 7.88% | $395 | $0 | $0 |
| 5 years | 6.19% | 7.55% | 6.29% | 7.73% | $395 | $0 | $0 |
Important Details
Flexi First Option Investment Loan (New Lending Special Offer Rate):
Principal & Interest repayments - includes a 1.89% p.a. discount for two years from the loan settlement date, at the end of the period it will revert to a 1.49% p.a. discount thereafter.
Interest Only repayments includes a 1.65% p.a. discount for two years from the loan settlement date, at the end of the period it will revert to a 1.25% discount thereafter.
Rocket Repay Home Loan with Premier Advantage Package - includes a 1.29% p.a. interest rate discount and $395 annual package fee. Min loan size $150,000.
Fixed Rate Options Loans with Premier Advantage Package - includes a 0.20% p.a. interest rate discount and $395 annual package fee. Min loan size $150,000.
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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. Tax consequences may arise from these 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.
The above rates exclude any LVR discounts available for new loans.
* Fixed interest rates: Interest Rates displayed are for Australian residents only. The Bank will apply the fixed rate that is available at the loan settlement date. At the end of the fixed rate period the interest rate will convert to the applicable variable home loan interest rate unless a new fixed rate term is selected and then the fixed rate is determined two business days prior to the refix.
^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.
Rate Lock: The Bank will apply the fixed rate that is available at the loan settlement date, unless the customer locks a fixed rate in on the loan using our Rate Lock feature. The rate lock fee is 0.10% of the loan amount. At the end of the fixed rate period the interest rate will revert to the applicable variable home loan interest rate unless a new fixed rate term is selected and then the fixed rate is determined two business days prior to the refix.
#Premier Advantage Package Conditions of Use and $395 annual package fee applies. Your clients must either hold or be approved for a Westpac Choice account in order to qualify and continue to receive the benefits of the Premier Advantage Package. Before deciding to acquire a Westpac Choice account, they should read the terms and conditions, and consider whether the product is right for them.
Premier Advantage package Conditions of Use (PDF 200KB)
+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.
1Flexi First Option special offer rates with Principal & Interest repayments
Special offers are only available on new Flexi First Option Home and Investment Loans with Principal & Interest repayments. Discounts do not apply to internal refinances or switches within the Westpac Group, which includes refinances from Westpac, St.George, Bank of Melbourne, BankSA and RAMS. Not available to company and trust account holders. Offer may be varied or withdrawn at any time. Interest rates are subject to change:
- For a property to live in (Owner occupier): Offer commences 24/11/2023. Includes a 1.64% p.a. discount for two years from the loan settlement date, at the end of the period it will revert to a 1.24% p.a. discount for the life of the loan.
- For an investment property: Offer commences 24/11/2023. Includes a 1.89% p.a. discount for two years from the loan settlement date, at the end of the period it will revert to a 1.49% p.a. discount for the life of the loan.
2Flexi First Option special offer rates with Interest Only repayments
Special offers are only available on new Flexi First Option Home and Investment Loans with Interest Only repayments. Discounts do not apply to internal refinances or switches within the Westpac Group, which includes refinances from Westpac, St.George, Bank of Melbourne, BankSA and RAMS. Not available to company and trust account holders. Offer may be varied or withdrawn at any time. Interest rates are subject to change:
- For a property to live in (Owner Occupier): Offer commences 05/06/2020. Includes a 0.53% p.a. discount off our Flexi First Option Home Loan Variable Rate with Interest Only repayments for the life of loan. Interest rates are subject to change.
- For an investment property: Offer commences 24/11/2023. Includes a 1.65% p.a. discount for two years from the loan settlement date, at the end of the period it will revert to a 1.25% p.a. discount for the life of loan.
3 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.
4Sustainable 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.