Westpac Banking Corporation

Home loans

Premier Advantage Package

Essentials

  • Save thousands with a home loan package

Take out a home loan package and save thousands each year with an annual package fee of $395. The Premier Advantage Package gives you:

  • Up to 0.7% p.a. interest rate discount when you take out a Rocket Repay, Equity Access or Fixed Rate Options home loan 1,2
  • Save on monthly service fees with a Westpac Choice account 3,4
  • Savings on annual credit card fees
  • Discounts on our insurance products
  • Access benefits across a range of banking products  
  • Bonuses and discounts on our superannuation and wealth products.

Premier Advantage Package Conditions of Use (PDF 464 kb)

Things you should know
  • 1.Discount is based on individual loan amounts. Discount highlighted is off the standard variable rate and applies to loan applications made from 31 January 2005. Terms and Conditions apply and available on request.  Discount margin subject to change.
  • 2.The 0.2% p.a. fixed rate discount is available for new fixed rate loan applications from 21 July 2008. Existing fixed loans are not eligible, unless the loan is refixed. Some exclusions apply.
  • 3. Before deciding to acquire a Westpac Choice account, consider whether it is appropriate for you. You should read the Terms and Conditions before making a decision.
  • 4. This savings applies when the minimum monthly deposit is less than $2,000. Monthly service fees are normally waived for any month where the customer initiated minimum monthly deposit is $2,000 or more. Before deciding to acquire a Westpac Choice account, consider whether it is appropriate for you. You should read the Terms and Conditions before making a decision. Other fees and charges apply.

Benefits

Once you’ve selected the home loan that’s best for you, the Premier Advantage home loan package lets you enjoy savings on everyday banking products.

Just follow these 5 simple steps:

Step 1: Choose a standard home loan

Home Loan

Package benefits - discounts on interest

Rocket Repay, Equity Access

0.7% p.a. on $250,000+ loans
0.4% p.a. on $150,000 - $249,999 loans

Fixed Rate Options

0.2% p.a. on fixed portion of total package borrowings of $150,000+

Rocket Repay, Equity Access (Low Doc)

0.7% p.a. on $500,000+ 1 loans
0.5% p.a. on $250,000 - $499,999 1 loans
0.3% p.a. on $150,000 - $249,999 1 loans

Fixed Rate Options (Low Doc)

0.2% p.a. on $150,000+ loans 2

 

Benefits

Step

Choose

Home loan package benefits

1

A standard home loan:

Discounts on interest
  • Rocket Repay, Equity Access
  • 0.7% p.a. on $250,000+ loans
  • 0.4% p.a. on $150,000 - $249,999 loans
  • Fixed Rate Options
  • 0.2% p.a. on fixed portion of total package borrowings of $150,000+

Low doc application:

Discounts on interest:
  • Rocket Repay, Equity Access
  • 0.7% p.a. on $500,000+ 1 loans
  •  0.5% p.a. on $250,000 - $499,999 1 loans
  • 0.3% p.a. on $150,000 - $249,999 1 loans
  • Fixed Rate Options
  • 0.2% p.a. on $150,000+ loans 2
2

A day to day account:

  • Westpac Choice
  • Save $60 a year with no monthly service fee 4
3

A credit card:

 
  •  55 Day Platinum Visa® Card
  • No annual fee for the life of the Package10
  • Platinum privileges – including extended complimentary insurance cover11
  • Up to 55 interest free days on purchases as long as you pay the closing balance (including any promotional amount) in full by the statement due date each month12
 
  •  55 Day or 55 Day Gold Card
  •  No annual fee for the life of the Package13
  • Up to 55 interest free days on purchases as long as you pay the closing balance (including any promotional amount) in full by the statement due date each month12
 
  •   Altitude or Altitude Gold
  • No annual fee for the life of the Package
  • Earn Altitude points on purchases and enjoy a great range of rewards14
 
  •  Earth or Earth Gold
  • No annual fee for the life of the Package
  • Earn Qantas Frequent Flyer points on purchases15
 
  •  Low Rate
  • No annual fee for the life of the Package
  • A simple no frills card with a lower variable interest rate on purchases and a higher variable interest rate on cash advances
4

Insurance products 3,6:

  • Home and contents
  • 5% discount off annual premium
  • Reduce excess by $100 per claim for building or contents
  • Landlords’ Protection Insurance
  • 5% discount off annual premium
  • Reduce your excess by $100 per claim

  • Mortgage Secure covers your mortgage repayments

  • 10% discount off annual premium
  • Extra 5% discount off annual premium if 2 people apply in a joint policy
  • Life insurance
  • 5% discount off annual premium for first 3 years of a new policy
5

Super and wealth products 3,6:

  • BT Super for Life
  • $200 cash bonus when your account balance reaches $1,000 9  
  • Term Deposits
  • Bonus interest of 0.25% p.a. on Westpac term deposits for balances between $20,000 and $250,000
  • Premium Research 7
  • BT Margin Loans
  • 0.25% p.a. 8 discount off the standard interest rate

Premier Advantage Package Conditions of Use (PDF 464 kb)

Things you should know
  • 1.Discount is based on individual loan amounts. Discount highlighted is off the standard variable rate and applies to loan applications made from 31 January 2005. Terms and Conditions apply and available on request.  Discount margin subject to change.
  • 2.The 0.2% p.a. fixed rate discount is available for new fixed rate loan applications from 21 July 2008. Existing fixed loans are not eligible, unless the loan is refixed. Some exclusions apply.
  • 3. Before deciding to acquire a Westpac Choice account, consider whether it is appropriate for you. You should read the Terms and Conditions before making a decision.
  • 4. This savings applies when the minimum monthly deposit is less than $2,000. Monthly service fees are normally waived for any month where the customer initiated minimum monthly deposit is $2,000 or more. Before deciding to acquire a Westpac Choice account, consider whether it is appropriate for you. You should read the Terms and Conditions before making a decision. Other fees and charges apply. .
  • 5. Information about a third party's products or services is provided for convenience only and does not represent any endorsement by Westpac of the products or services offered. While such material is published with permission, Westpac Banking Corporation accepts no responsibility for its accuracy or completeness. Fees, charges and normal lending criteria apply. Terms and Conditions apply and are available on request. These may be varied, or new Terms and Conditions introduced in the future. Information current as at 12 October 2009.
  • 6. Payment of the cash bonus will be made into a nominated Westpac account belonging to the BT Super for Life account holder. Only one Cash Bonus payment applies per customer and can only be claimed under one Package. BT reserves the right to withdraw or vary eligibility criteria and benefits at any time. You must call BT Super for Life within six months of opening your account to claim your Cash Bonus. All contributions to a superannuation fund are preserved. The Government has placed restrictions on when you can access your preserved benefits. In general, your benefits will not be paid until you reach age 65, or you reach your preservation age and have permanently retired from full or part-time gainful employment.
  • 7. Six months’ free Premium Research begins from the date of opening a new Westpac Online Investing account and is only valid for new Westpac Securities customers who send a copy of their mortgage statement in with their application form.
  • 8. Not available with any other BT Margin Lending discount.
  • 9. Based on the standard variable interest rate at 12 October 2009.
  • 10.55 Day Platinum Visa® Card annual fee (currently $130) is normally waived for the first year and waived for subsequent years when you spend $20,000 or more on purchases in the previous year using your card.
  • 11.This insurance is issued by Zurich Australian Insurance Limited ABN 13 000 296 640 which is liable for separate risks insured under the terms of each policy. These insurance products are complimentary and provided free of charge to the cardholder. The cardholder is under no obligation to accept the insurance cover and the cover is subject to the conditions, limits and exclusions on cover, which are explained in the policy wording. No Westpac Group company has any liability in connection with the insurance polices. Policy wording may be obtained by calling 1300 859 100 or by downloading the 55 Day Platinum Card Insurance Policy.
  • 12.Interest on cash advances is calculated from the date the transaction is debited to your card account.
  • 13.55 Day card annual fee (currently $30) is normally waived for the first year and waived for subsequent years when you spend $10,000 or more on purchases in the previous year using your card.  55 Day Gold card annual fee (currently $90) is normally waived for the first year and waived for subsequent years when you spend $15,000 or more on purchases in the previous year using your card.
  • 14.The earning and redemption of Altitude points (including available rewards and expiry of points is subject to the Altitude Rewards Terms and Conditions. Altitude points are not earned on cash advances. You must have earned a minimum of 3,000 points before you can redeem for any rewards.
  • 15.The earning of Qantas Frequent Flyer points through the use of Earth and Earth Gold cards is subject to the Earth Conditions of Use. Qantas Frequent Flyer points are not earned on cash advances, balance transfers and in other certain circumstances, see the Earth Conditions of Use for details. You must be a member of the Qantas Frequent Flyer program to earn and redeem points in accordance with the terms and conditions of the Qantas Frequent Flyer program. For more information on the Qantas Frequent Flyer program visit qantas.com/frequentflyer.  
  • Visa is registered trademark of Visa Worldwide Pty Limited.


  •  

Savings

How to save thousands a year for one annual fee of $395

When you choose our home loan package, the savings start with a discount of up to 0.7% p.a. off our variable home loan interest rates. Then, the loan establishment fee,  monthly loan maintenance fees for your loan, transaction account monthly service fees and annual card fee on selected credit cards are replaced by an annual fee of $395.

Based on the home loan you choose, your additional annual savings may include:

  • No establishment fee
SAVE $600
  • No ongoing loan maintenance fees
SAVE $96 - $120
  • No Top Up fees to increase your loan limit
    (not available on fixed rate loans)
SAVE $400
  • No portability fee to move your security
SAVE $300
  • No switching fee
SAVE $300

 

Home loan package savings on a variable $250,000 loan
Potential first-year savings Savings $
  •   Home loan interest discount 0.7% p.a.

 $1,754 2

  •  $0 establishment fee
 $600
  •   $0 loan maintenance fees

  $96

  •   $0 monthly service fee on Westpac Choice transaction account

  $60

  •   $0 annual fee on Altitude Gold credit card

  $150

  •   Mortgage Secure discount of 10% p.a. on a $600 premium

  $60

  •   Home and contents discount of 5% on a $500 premium 5

  $25

  •   Life insurance discount of 5% on $1,200 premium 5

  $60

  Potential first year savings after the $395 annual fee

  $2,410

Premier Advantage Package Conditions of Use (PDF 464 kb)

Things you should know
  • 1.Discount is based on individual loan amounts. Discount highlighted is off the standard variable rate and applies to loan applications made from 31 January 2005. Terms and Conditions apply and available on request.  Discount margin subject to change.
  • 2.The 0.2% p.a. fixed rate discount is available for new fixed rate loan applications from 21 July 2008. Existing fixed loans are not eligible, unless the loan is refixed. Some exclusions apply.
  • 3. Before deciding to acquire a Westpac Choice account, consider whether it is appropriate for you. You should read the Terms and Conditions before making a decision.
  • 4. This savings applies when the minimum monthly deposit is less than $2,000. Monthly service fees are normally waived for any month where the customer initiated minimum monthly deposit is $2,000 or more. Before deciding to acquire a Westpac Choice account, consider whether it is appropriate for you. You should read the Terms and Conditions before making a decision. Other fees and charges apply. .
  • 5. Information about a third party's products or services is provided for convenience only and does not represent any endorsement by Westpac of the products or services offered. While such material is published with permission, Westpac Banking Corporation accepts no responsibility for its accuracy or completeness. Fees, charges and normal lending criteria apply. Terms and Conditions apply and are available on request. These may be varied, or new Terms and Conditions introduced in the future. Information current as at 12 October 2009.
  • 6. Payment of the cash bonus will be made into a nominated Westpac account belonging to the BT Super for Life account holder. Only one Cash Bonus payment applies per customer and can only be claimed under one Package. BT reserves the right to withdraw or vary eligibility criteria and benefits at any time. You must call BT Super for Life within six months of opening your account to claim your Cash Bonus. All contributions to a superannuation fund are preserved. The Government has placed restrictions on when you can access your preserved benefits. In general, your benefits will not be paid until you reach age 65, or you reach your preservation age and have permanently retired from full or part-time gainful employment.
  • 7. Six months’ free Premium Research begins from the date of opening a new Westpac Online Investing account and is only valid for new Westpac Securities customers who send a copy of their mortgage statement in with their application form.
  • 8. Not available with any other BT Margin Lending discount.
  • 9. Based on the standard variable interest rate at 12 October 2009.
  • 10.55 Day Platinum Visa® Card annual fee (currently $130) is normally waived for the first year and waived for subsequent years when you spend $20,000 or more on purchases in the previous year using your card.
  • 11.This insurance is issued by Zurich Australian Insurance Limited ABN 13 000 296 640 which is liable for separate risks insured under the terms of each policy. These insurance products are complimentary and provided free of charge to the cardholder. The cardholder is under no obligation to accept the insurance cover and the cover is subject to the conditions, limits and exclusions on cover, which are explained in the policy wording. No Westpac Group company has any liability in connection with the insurance polices. Policy wording may be obtained by calling 1300 859 100 or by downloading the 55 Day Platinum Card Insurance Policy.
  • 12.Interest on cash advances is calculated from the date the transaction is debited to your card account.
  • 13.55 Day card annual fee (currently $30) is normally waived for the first year and waived for subsequent years when you spend $10,000 or more on purchases in the previous year using your card.  55 Day Gold card annual fee (currently $90) is normally waived for the first year and waived for subsequent years when you spend $15,000 or more on purchases in the previous year using your card.
  • 14.The earning and redemption of Altitude points (including available rewards and expiry of points is subject to the Altitude Rewards Terms and Conditions. Altitude points are not earned on cash advances. You must have earned a minimum of 3,000 points before you can redeem for any rewards.
  • 15.The earning of Qantas Frequent Flyer points through the use of Earth and Earth Gold cards is subject to the Earth Conditions of Use. Qantas Frequent Flyer points are not earned on cash advances, balance transfers and in other certain circumstances, see the Earth Conditions of Use for details. You must be a member of the Qantas Frequent Flyer program to earn and redeem points in accordance with the terms and conditions of the Qantas Frequent Flyer program. For more information on the Qantas Frequent Flyer program visit qantas.com/frequentflyer.  
  • Visa is registered trademark of Visa Worldwide Pty Limited.


  •  

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Did you know?

You could save on other Westpac banking and insurance products with the Premier Advantage Package.

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