Products and features
Compare our home loans and features
The latest special offers and interest rates to help your clients when choosing us for their home loan needs.
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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Split for the best of both worlds
If your client wants the certainty of a fixed loan and the flexibility of a variable, splitting their loan may be the best solution. They'll know the rate and repayments for the set term on the fixed rate portion while having the ability to make and redraw extra repayments, plus pay less interest with an offset account.
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.
#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 120KB)
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.
^ Flexi First Option special offer rates with Principal & Interest repayments
- 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.
- For a property to live in (Owner Occupier): Offer commences 5/06/2020. 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.
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.