Home Loans Interest Rates

Manage my loan Apply online

Show me rates for

Rates for new owner occupier loans

Our rates are based on your loan-to-value ratio (LVR+). Your LVR is the amount of your loan compared to Westpac's property valuation, expressed as a percentage. For example, a $400,000 loan to buy a property worth $500,000 means an 80% LVR.

The interest rates below are for new loans and are set based on your initial LVR (they don’t change as your LVR/equity changes over the life of your loan).

 

 

You’ll get an extra 0.10% p.a. discount off our standard interest rate if you’re borrowing up to 70% of Westpac's property valuation, only available on new loans. 

Select a rate type:

The below rates include our 0.10% p.a. discount for LVRs+ up to 70%:

Flexi First Option
Home Loan
Basic loan		 Variable rate Comparison rate*

Special offer rate^

 6.44% p.a. 6.76% p.a.

Special offer rate includes a 1.64% p.a. discount for 2 years from loan settlement date reverting to a 1.24% p.a. discount thereafter^. Excludes internal refinances within Westpac Group.

 
Rocket Repay Home Loan
Optional offset		 Variable rate Comparison rate*

Without Package

 8.73% p.a. 8.86% p.a.

With Package#

 7.44% p.a. 7.77% p.a.

Our Premier Advantage Package offers a 1.29% p.a. interest rate discount and other product savings, for one $395 annual package fee#. Available on loans over $150,000.

 

With our variable rate home loans: 

  • Your interest rate could change throughout the life of your loan
  • You have the option to fix all or part of your loan anytime
  • You can make unlimited extra repayments.

 

With Principal & Interest repayments:

  • You will be repaying both principal loan amount and the interest
  • Your interest rate may be lower compared to Interest Only.

The below rates include our 0.10% p.a. discount for LVRs+ up to 70%:

Flexi First Option
Home Loan
Basic loan		 Variable rate Comparison rate*

Special offer rate^^

 8.14% p.a. 8.14% p.a.

Special offer rate includes a 0.53% p.a. discount for the life of the loan^^. Excludes internal refinances within the Westpac Group.

 
Rocket Repay Home Loan
Optional offset		 Variable rate Comparison rate*

Without Package

 9.32% p.a. 9.45% p.a.

With Package#

 8.03% p.a. 8.35% p.a.

Our Premier Advantage Package offers a 1.29% p.a. interest rate discount and other product savings, for one $395 annual package fee#. Available on loans over $150,000.

 

With our variable rate home loans: 

  • Your interest rate could change throughout the life of your loan
  • You have the option to fix all or part of your loan anytime
  • You can make unlimited extra repayments.

 

By repaying Interest Only during a 1-5 year term:

  • Your repayments will be lower (and then increase at the end of your Interest Only term, as your loan balance needs to be paid back in a shorter timeframe)
  • Your interest rate may be higher for a set period compared to Principal & Interest.

 

Our Premier Advantage Package offers a 0.20% p.a. interest rate discount and other product savings, for one $395 annual package fee#. Available on loans over $150,000.

 

The below rates include our Premier Advantage Package discount, plus our 0.10% p.a. discount for LVRs+ up to 70%:



Fixed Options Home Loan

1 year fixed term Fixed rate Comparison rate*

Standard rate

 6.39% p.a.  8.68% p.a.

With Package# and
LVR+ discount

 6.09% p.a. 7.62% p.a.
2 year fixed term
Fixed rate
 Comparison rate*

Standard rate

 6.19% p.a. 8.39% p.a.

With Package# and
LVR+ discount

 5.89% p.a. 7.45% p.a.
3 year fixed term
Fixed rate
 Comparison rate*

Standard rate

 6.19% p.a. 8.16% p.a.

With Package# and
LVR+ discount

 5.89% p.a. 7.32% p.a.
4 year fixed term
Fixed rate
 Comparison rate*

Standard rate

 6.19% p.a. 7.94% p.a.

With Package# and
LVR+ discount

 5.89% p.a. 7.19% p.a.
5 year fixed term
Fixed rate
 Comparison rate*

Standard rate

 6.19% p.a. 7.75% p.a.

With Package# and
LVR+ discount

 5.89% p.a. 7.08% p.a.

With our fixed rate home loan you could:

  • Lock in your rate and repayments for 1-5 years
  • Make up to $30,000 in extra repayments in your fixed term, before break costs apply1
  • Redraw, with no redraw fee or minimum amount
  • Set up your loan so it’s split between fixed and variable.

 

With Principal & Interest repayments:

  • You will be repaying both principal loan amount and the interest
  • Your interest rate may be lower compared to Interest Only.

Our Premier Advantage Package offers a 0.20% p.a. interest rate discount and other product savings, for one $395 annual package fee#. Available on loans over $150,000.

 

The below rates include our Premier Advantage Package discount, plus our 0.10% p.a. discount for LVRs+ up to 70%:

 

Fixed Options Home Loan

1 year fixed term Fixed rate Comparison rate*

Standard rate

 6.69% p.a. 9.23% p.a.

With Package# and
LVR+ discount

 6.39% p.a. 8.17% p.a.
2 year fixed term
Fixed rate
 Comparison rate*

Standard rate

 6.49% p.a. 8.91% p.a.

With Package# and
LVR+ discount

 6.19% p.a. 7.97% p.a.
3 year fixed term
Fixed rate
 Comparison rate*

Standard rate

 6.49% p.a. 8.64% p.a.

With Package# and
LVR+ discount

 6.19% p.a. 7.80% p.a.
4 year fixed term
Fixed rate
 Comparison rate*

Standard rate

 6.69% p.a. 8.48% p.a.

With Package# and
LVR+ discount

 6.39% p.a. 7.73% p.a.
5 year fixed term
Fixed rate
 Comparison rate*

Standard rate

 6.69% p.a. 8.28% p.a.

With Package# and
LVR+ discount

 6.39% p.a. 7.61% p.a.

With our fixed rate home loan you could:

  • Lock in your rate and repayments for 1-5 years
  • Make up to $30,000 in extra repayments in your fixed term, before break costs apply1
  • Redraw, with no redraw fee or minimum amount
  • Set up your loan so it’s split between fixed and variable.

 

By repaying Interest Only during a 1-5 year term:

  • Your repayments will be lower (and then increase at the end of your Interest Only term, as your loan balance needs to be paid back in a shorter timeframe)
  • Your interest rate may be higher for a set period compared to Principal & Interest.

 

Rates for new investment loans

Our rates are based on your loan-to-value ratio (LVR+). Your LVR is the amount of your loan compared to Westpac's property valuation, expressed as a percentage. For example, a $400,000 loan to buy a property worth $500,000 means an 80% LVR.

The interest rates below are for new loans and are set based on your initial LVR (they don’t change as your LVR/equity changes over the life of your loan).


   

You’ll get an extra 0.10% p.a. discount off our standard interest rate if you’re borrowing up to 70% of Westpac's property valuation, only available on new loans. 

Select a rate type:

The below rates include our 0.10% p.a. discount for LVRs+ up to 70%:

 

Flexi First Option Investment Property Loan Variable rate Comparison rate*

Special offer rate^

 6.74% p.a. 7.06% p.a.

Special offer rate includes a 1.89% p.a. discount for 2 years from loan settlement date reverting to a 1.49% p.a. discount thereafter^. Excludes internal refinances within Westpac Group.

Rocket Investment Loan
Optional offset		 Variable rate Comparison rate*

Without Package

 9.28% p.a. 9.41% p.a.

With Package#

 7.99% p.a. 8.31% p.a.

Our Premier Advantage Package offers a 1.29% p.a. interest rate discount and other product savings, for one $395 annual package fee#. Available on loans over $150,000.

 

With our variable rate home loans: 

  • Your interest rate could change throughout the life of your loan
  • You have the option to fix all or part of your loan anytime
  • You can make unlimited extra repayments.

 

With Principal & Interest repayments:

  • You will be repaying both principal loan amount and the interest
  • Your interest rate may be lower compared to Interest Only.

The below rates include our 0.10% p.a. discount for LVRs+ up to 70%:

 

Flexi First Option
Investment Property Loan
Basic loan		 Variable rate Comparison rate*

Special offer rate^^

 7.24% p.a. 7.56% p.a.


Special offer rate includes a 1.65% p.a. discount for 2 years from loan settlement date reverting to a 1.25% p.a. discount thereafter^^. Excludes internal refinances within Westpac Group.

 

Rocket Investment Loan
Optional offset		 Variable rate Comparison rate*

Without Package

 9.54% p.a. 9.67% p.a.

With Package#

 8.25% p.a. 8.57% p.a.

Our Premier Advantage Package offers a 1.29% p.a. interest rate discount and other product savings, for one $395 annual package fee#. Available on loans over $150,000.

 

With our variable rate home loans: 

  • Your interest rate could change throughout the life of your loan
  • You have the option to fix all or part of your loan anytime
  • You can make unlimited extra repayments.

 

By repaying Interest Only during a 1-5 year term:

  • Your repayments will be lower (and then increase at the end of your Interest Only term, as your loan balance needs to be paid back in a shorter timeframe)
  • Your interest rate may be higher for a set period compared to Principal & Interest.

 

Our Premier Advantage Package offers a 0.20% p.a. interest rate discount and other product savings, for one $395 annual package fee#. Available on loans over $150,000.

 

The below rates include our Premier Advantage Package discount, plus our 0.10% p.a. discount for LVRs+ up to 70%:


Fixed Rate Investment Property Loan

1 year fixed term Fixed rate Comparison rate*

Standard rate

 6.54% p.a. 9.18% p.a.

With Package# and
LVR+ discount

 6.24% p.a. 8.12% p.a.
2 year fixed term
Fixed rate
 Comparison rate*

Standard rate

 6.39% p.a. 8.85% p.a.

With Package# and
LVR+ discount

 6.09% p.a. 7.91% p.a.
3 year fixed term
Fixed rate
 Comparison rate*

Standard rate

 6.39% p.a. 8.58% p.a.

With Package# and
LVR+ discount

 6.09% p.a. 7.75% p.a.
4 year fixed term
Fixed rate
 Comparison rate*

Standard rate

 6.39% p.a. 8.34% p.a.

With Package# and
LVR+ discount

 6.09% p.a. 7.59% p.a.
5 year fixed term
Fixed rate
 Comparison rate*

Standard rate

 6.39% p.a. 8.13% p.a.

With Package# and
LVR+ discount

 6.09% p.a. 7.46% p.a.

With our fixed rate home loan you could:

  • Lock in your rate and repayments for 1-5 years
  • Make up to $30,000 in extra repayments in your fixed term, before break costs apply1
  • Redraw, with no redraw fee or minimum amount
  • Set up your loan so it’s split between fixed and variable.

 

With Principal & Interest repayments:

  • You will be repaying both principal loan amount and the interest
  • Your interest rate may be lower compared to Interest Only.

Our Premier Advantage Package offers a 0.20% p.a. interest rate discount and other product savings, for one $395 annual package fee#. Available on loans over $150,000.

 

The below rates include our Premier Advantage Package discount, plus our 0.10% p.a. discount for LVRs+ up to 70%:


Fixed Rate Investment Property Loan

1 year fixed term Fixed rate Comparison rate*

Standard rate

 6.69% p.a. 9.42% p.a.

With Package# and
LVR+ discount

 6.39% p.a. 8.36% p.a.
2 year fixed term
Fixed rate
 Comparison rate*

Standard rate

 6.49% p.a. 9.07% p.a.

With Package# and
LVR+ discount

 6.19% p.a. 8.13% p.a.
3 year fixed term
Fixed rate
 Comparison rate*

Standard rate

 6.49% p.a. 8.79% p.a.

With Package# and
LVR+ discount

 6.19% p.a. 7.95% p.a.
4 year fixed term
Fixed rate
 Comparison rate*

Standard rate

 6.49% p.a. 8.53% p.a.

With Package# and
LVR+ discount

 6.19% p.a. 7.79% p.a.
5 year fixed term
Fixed rate
 Comparison rate*

Standard rate

 6.49% p.a. 8.30% p.a.

With Package# and
LVR+ discount

 6.19% p.a. 7.64% p.a.

 

With our fixed rate home loan you could:

  • Lock in your rate and repayments for 1-5 years
  • Make up to $30,000 in extra repayments in your fixed term, before break costs apply1
  • Redraw, with no redraw fee or minimum amount
  • Set up your loan so it’s split between fixed and variable.

By repaying Interest Only during a 1-5 year term:

  • Your repayments will be lower (and then increase at the end of your Interest Only term, as your loan balance needs to be paid back in a shorter timeframe)
  • Your interest rate may be higher for a set period compared to Principal & Interest.

 

The below rates include a 0.20% p.a. discount for repaying Interest Only in Advance2.

Our Premier Advantage Package offers a 0.20% p.a. interest rate discount and other product savings, for one $395 annual package fee#. Available on loans over $150,000.

 

The below rates include our Premier Advantage Package discount, plus our 0.10% p.a. discount for LVRs+ up to 70%:


Fixed Rate Investment Property Loan

1 year fixed term Fixed rate Comparison rate*

Standard rate

 6.49% 9.40%

With Package# and
LVR+ discount

 6.19% 8.34%
2 year fixed term
Fixed rate
 Comparison rate*

Standard rate

 6.29% 9.03%

With Package# and
LVR+ discount

 5.99% 8.09%
3 year fixed term
Fixed rate
 Comparison rate*

Standard rate

 6.29% 8.73%

With Package# and
LVR+ discount

 5.99% 7.89%
4 year fixed term
Fixed rate
 Comparison rate*

Standard rate

 6.29% 8.46%

With Package# and
LVR+ discount

 5.99% 7.71%
5 year fixed term
Fixed rate
 Comparison rate*

Standard rate

 6.29% 8.22%

With Package# and
LVR+ discount

 5.99% 7.55%

 

With our fixed rate home loan you could:

  • Lock in your rate and repayments for 1-5 years
  • Make up to $30,000 in extra repayments in your fixed term, before break costs apply1
  • Redraw, with no redraw fee or minimum amount
  • Set up your loan so it’s split between fixed and variable.

By repaying Interest Only in Advance during a 1-5 year term:

  • Interest Only in Advance is a repayment option that offers Fixed Rate Investment Property Loan customers an additional interest rate discount for paying 12 months interest in advance.
  • By prepaying interest, you may potentially reduce your tax liability for the coming financial year and conveniently consolidate interest repayments into one lump sum payment.


This is not financial or tax advice: we recommend that you consult your financial adviser to determine the benefits which may be applicable.

Sign in to see your personalised rate

Our standard home loan rates below might be different to your actual rate. To check yours – or to see what your rate would be if you switched from variable to fixed – sign in to your Westpac App or Online Banking.

Check your current rate:
  • On desktop: Click on your loan > Click Account details
  • On iOS: Tap your loan > Tap i
  • On Android and older iOS versions: Tap your loan > Go to the Details tab
     
See your fixed rate offers:

Go into your loan, then:

  • On desktop: Select Switch to a fixed rate home loan 
  • On iOS: Select Home loan settings > Select Switch to a fixed rate 
  • On Android and older iOS version: Go to the Services tab > Select Switch to a fixed rate home loan


Then select Let's get started to view your personalised fixed rates.

 

Sign in to view your rates

Rates for existing owner occupier loans

Select a rate type:

Below are the reference rates for Owner Occupied Home Loans.**

The reference rate is your variable interest rate before any discount or margin. To find out your reference rate, please refer to your loan contract or contact us on 132 558.
 

Term Variable rate Comparison rate*
Flexi First Rate 8.18% p.a. 8.18% p.a.
Variable Housing Rate
 8.83% p.a. 8.96% p.a.
Rocket Variable Rate 8.83% p.a. 8.96% p.a.

Below are the reference rates for Owner Occupied Home Loans.**

The reference rate is your variable interest rate before any discount or margin. To find out your reference rate, please refer to your loan contract or contact us on 132 558.
 

Term Interest rate Comparison rate*  
Flexi First Interest Only Rate 8.77% p.a. 8.77% p.a.  
Variable Interest Only Housing Rate 9.42% p.a. 9.55% p.a.  
Rocket Interest Only Rate 9.42% p.a. 9.55% p.a.  
Equity Access – Plan 2 Rate
(Product not available for applications
from 30th Sept 2021)
 10.21% p.a. N/A  

Below are the fixed interest rates available to fix or re-fix existing loans. 

Our Premier Advantage Package offers a 0.20% p.a. interest rate discount and other product savings, for one $395 annual package fee#. Available on loans over $150,000.

 

Note that a discount or margin may apply - please refer to your loan contract or call 132 558.

 

1 year fixed term Fixed rate Comparison rate*

Standard rate

 6.39% p.a. 8.68% p.a.

With Package#

 6.19% p.a. 7.72% p.a.
2 year fixed term
Fixed rate
 Comparison rate*

Standard rate

 6.19% p.a. 8.39% p.a.

With Package#

 5.99% p.a. 7.55% p.a.
3 year fixed term
Fixed rate
 Comparison rate*

Standard rate

 6.19% p.a. 8.16% p.a.

With Package#

 5.99% p.a. 7.41% p.a.
4 year fixed term
Fixed rate
 Comparison rate*

Standard rate

 6.19% p.a. 7.94% p.a.

With Package#

 5.99% p.a. 7.29% p.a.
5 year fixed term
Fixed rate
 Comparison rate*

Standard rate

 6.19% p.a. 7.75% p.a.

With Package#

 5.99% p.a. 7.18% p.a.

Learn more about our Fixed Options Home Loan

 

Below are the fixed interest rates available to fix or re-fix existing loans. 

Our Premier Advantage Package offers a 0.20% p.a. interest rate discount and other product savings, for one $395 annual package fee#. Available on loans over $150,000.

 

Note that a discount or margin may apply - please refer to your loan contract or call 132 558.

 

1 year fixed term Fixed rate Comparison rate*

Standard rate

 6.69% p.a. 9.23% p.a.

With Package#

 6.49% p.a. 8.27% p.a.
2 year fixed term
Fixed rate
 Comparison rate*

Standard rate

 6.49% p.a. 8.91% p.a.

With Package#

 6.29% p.a. 8.06% p.a.
3 year fixed term
Fixed rate
 Comparison rate*

Standard rate

 6.49% p.a. 8.64% p.a.

With Package#

 6.29% p.a. 7.90% p.a.
4 year fixed term
Fixed rate
 Comparison rate*

Standard rate

 6.69% p.a. 8.48% p.a.

With Package#

 6.49% p.a. 7.83% p.a.
5 year fixed term
Fixed rate
 Comparison rate*

Standard rate

 6.69% p.a. 8.28% p.a.

With Package#

 6.49% p.a. 7.71% p.a.

Learn more about our Fixed Options Home Loan

 

Rates for existing investor loans

Select a rate type:

Below are the reference rates for Investment Property Loans (Residential Investment).**

The reference rate is your variable interest rate before any discount or margin. To find out your reference rate, please refer to your loan contract or contact us on 132 558.
 

Term Variable rate Comparison rate*
Flexi First Investment Rate 8.73% p.a. 8.73% p.a.
Investment Property Plan 2 Rate 9.38% p.a. 9.51% p.a.
Rocket Investment Rate 9.38% p.a. 9.51% p.a.
SMSF Investment Rate 9.38% p.a. 9.59% p.a.

Below are the reference rates for Investment Property Loans (Residential Investment).**

The reference rate is your variable interest rate before any discount or margin. To find out your reference rate, please refer to your loan contract or contact us on 132 558.
 

Term Variable rate Comparison rate*
Flexi First Interest Only Invest Rate 8.99% p.a. 8.99% p.a.
Variable Interest Only Invest Rate 9.64% p.a. 9.77% p.a.
Rocket Interest Only Invest Rate 9.64% p.a. 9.77% p.a.
SMSF Interest Only Investment Rate 9.64% p.a. 9.85% p.a.

Below are the fixed interest rates available to fix or re-fix existing loans. 

Our Premier Advantage Package offers a 0.20% p.a. interest rate discount and other product savings, for one $395 annual package fee#. Available on loans over $150,000.


 

Note that a discount or margin may apply - please refer to your loan contract or call 132 558.

 

1 year fixed term Fixed rate Comparison rate*

Standard rate

 6.54% p.a. 9.18% p.a.

With Package#

 6.34% p.a. 8.22% p.a.
2 year fixed term
Fixed rate
 Comparison rate*

Standard rate

 6.39% p.a. 8.85% p.a.

With Package#

 6.19% p.a. 8.01% p.a.
3 year fixed term
Fixed rate
 Comparison rate*

Standard rate

 6.39% p.a. 8.58% p.a.

With Package#

 6.19% p.a. 7.84% p.a.
4 year fixed term
Fixed rate
 Comparison rate*

Standard rate

 6.39% p.a. 8.34% p.a.

With Package#

 6.19% p.a. 7.69% p.a.
5 year fixed term
Fixed rate
 Comparison rate*

Standard rate

 6.39% p.a. 8.13% p.a.

With Package#

 6.19% p.a. 7.55% p.a.

Learn more about our Fixed Rate Investment Property Loan

 

Below are the fixed interest rates available to fix or re-fix existing loans. 

Our Premier Advantage Package offers a 0.20% p.a. interest rate discount and other product savings, for one $395 annual package fee#. Available on loans over $150,000.


 

Note that a discount or margin may apply - please refer to your loan contract or call 132 558.

 

1 year fixed term Fixed rate Comparison rate*

Standard rate

 6.69% p.a. 9.42% p.a.

With Package#

 6.49% p.a. 8.46% p.a.
2 year fixed term
Fixed rate
 Comparison rate*

Standard rate

 6.49% p.a. 9.07% p.a.

With Package#

 6.29% p.a. 8.23% p.a.
3 year fixed term
Fixed rate
 Comparison rate*

Standard rate

 6.49% p.a. 8.79% p.a.

With Package#

 6.29% p.a. 8.05% p.a.
4 year fixed term
Fixed rate
 Comparison rate*

Standard rate

 6.49% p.a. 8.53% p.a.

With Package#

 6.29% p.a. 7.88% p.a.
5 year fixed term
Fixed rate
 Comparison rate*

Standard rate

 6.49% p.a. 8.30% p.a.

With Package#

 6.29% p.a. 7.73% p.a.

Learn more about our Fixed Rate Investment Property Loan

 

Below are the fixed interest rates available to fix or re-fix existing loans, and include a 0.20% p.a. discount for repaying Interest Only in Advance2.

Our Premier Advantage Package offers a 0.20% p.a. interest rate discount and other product savings, for one $395 annual package fee#. Available on loans over $150,000.

 

Note that a discount or margin may apply - please refer to your loan contract or call 132 558.

 

1 year fixed term Fixed rate Comparison rate*

Standard rate

 6.49% 9.4%

With Package#

 6.29% 8.44%
2 year fixed term
Fixed rate
 Comparison rate*

Standard rate

 6.29% 9.03%

With Package#

 6.09% 8.19%
3 year fixed term
Fixed rate
 Comparison rate*

Standard rate

 6.29% 8.73%

With Package#

 6.09% 7.99%
4 year fixed term
Fixed rate
 Comparison rate*

Standard rate

 6.29% 8.46%

With Package#

 6.09% 7.81%
5 year fixed term
Fixed rate
 Comparison rate*

Standard rate

 6.29% 8.22%

With Package#

 6.09% 7.65%

Learn more about our Fixed Rate Investment Property Loan

 

Rates for other loan product types

Sustainable Upgrades home loan 

Variable rate Comparison rate
4.49% p.a  4.87% p.a

$4k to $50k loan amount on Principal & Interest repayments. 10-year maximum loan term. One Sustainable Upgrades home or investment loan per property.

 

Bridging Loan (Owner Occupier loans only for a period of 12 months) 

Variable rate Comparison rate
9.42% p.a 9.55% p.a

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.

Keep exploring

Check out our guides

Do the numbers

Save time, apply online

Apply in around 10-20 mins to buy a home or refinance to Westpac.

Apply online

Book an appointment

A member of our team will be in touch.

Book appointment

Talk with us

132 558
8am-8pm, Mon-Fri
9am-6pm, Sat-Sun (Sydney time)

Or find your nearest branch

Things you should know

Conditions, credit criteria, fees and charges apply. Residential lending is not available for Non-Australian Resident borrowers.

This information is general in nature and has been prepared without taking your objectives, needs and overall financial situation into account. For this reason, you should 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, professional tax advice on any taxation matters before making a decision based on this information.

Key Fact Sheet for Home Loans


Interest rates are subject to change.


Fixed rate home loan: 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 Fixed Rate - Lock-In fee is 0.10% of the loan amount. 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. Interest rate(s) displayed is for Australian Residents only. Rate lock is not available for progress draw loans under the construction option.

+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 200KB)


*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.


**For sale products only


***Available for Owner Occupier and Investment Property Loans with Principal & Interest and Interest only repayments. Excludes Line of Credit, Equity Access Loans.

 

^Flexi 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. ​

^^Flexi 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.​

1Break costs on fixed loan prepayments and switching: customers can make total prepayments of up to $30,000 (cumulative) for fixed loans, without costs or fees applying. You may incur a break cost and administration fee if your prepayments exceed this threshold, or if at any time before the end of a fixed rate period you switch to another product, interest rate (fixed or variable) or repayment type.


2Interest Only in Advance: Interest must be paid in advance annually for each chosen fixed rate term to receive this rate. If after the first year of a fixed rate term interest is no longer paid in advance the Interest Only in Advance discount will be removed for subsequent years.

Interest Only in Advance interest rates are available on Fixed Rate Investment Property Loans with fixed rate terms of 1, 2, 3, 4 or 5 years.

Interest Only in Advance interest rates and discounts apply to new Fixed Rate Investment Property Loan and loans which have been switched into Interest Only in Advance products.  Existing fixed loans are not eligible unless the loan is re-fixed.  Interest Only in Advance discounts are subject to change. Subject to Bank's approval. Normal lending criteria apply. Other conditions, fees and charges apply.


3Rate Lock: We’ll apply the fixed rate available on the loan settlement date or the date your fixed rate term starts, unless you lock a fixed rate on your loan using our Rate Lock feature. The fixed rate lock-in fee is 0.10% of your loan amount. At the end of the fixed rate term, the interest rate will roll onto our standard variable home loan interest rate, unless a new fixed rate term’s selected and then the fixed rate is determined two business days before the end of the fixed term.

 

Credit provided by Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714.