Home loan interest rates

Get a tailored snapshot of our home loan interest rates and compare home loan features.

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Compare all our home loan interest rates

A new loan

An existing loan

Rates for new owner occupier loans

Rates for LVRs up to 70%
Rates for LVRs above 70%–80%
Rates for LVRs over 80%

Rates for LVRs up to 70%

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:

Variable rate home loans (Principal & Interest repayments)

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*
Discounted rate^{^}	5.69% p.a.	5.70% p.a.
Online Offer^{^}	5.24% p.a.	5.25% p.a.

Discounted rate includes a 1.64% p.a. discount for the life of the loan. Excludes product switches.

Rocket Repay Home Loan Optional offset	Variable rate	Comparison rate*
Without Package	7.98% p.a.	8.11% p.a.
With Package^#	5.64% p.a.	6.02% p.a.

Our Premier Advantage Package offers a 2.34% 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.

Variable rate home loans (Interest Only repayments)

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*
Discounted rate^{^}	7.39% p.a.	6.71% p.a.
Online Offer^{^}	5.93% p.a.	5.53% p.a.

Discounted rate includes a 0.53% p.a. discount for the life of the loan. Excludes product switches.

Rocket Repay Home Loan Optional offset	Variable rate	Comparison rate*
Without Package	8.57% p.a.	8.37% p.a.
With Package^#	6.23% p.a.	6.24% p.a.

Our Premier Advantage Package offers a 2.34% 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.

Fixed rate home loans (Principal & Interest repayments)

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	5.54% p.a.	7.93% p.a.
With Package^# and LVR⁺ discount	5.24% p.a.	5.98% p.a.
2 year fixed term	Fixed rate	Comparison rate*
Standard rate	5.54% p.a.	7.68% p.a.
With Package^# and LVR⁺ discount	5.24% p.a.	5.94% p.a.
3 year fixed term	Fixed rate	Comparison rate*
Standard rate	5.69% p.a.	7.50% p.a.
With Package^# and LVR⁺ discount	5.39% p.a.	5.95% p.a.
4 year fixed term	Fixed rate	Comparison rate*
Standard rate	5.89% p.a.	7.38% p.a.
With Package^# and LVR⁺ discount	5.59% p.a.	6.00% p.a.
5 year fixed term	Fixed rate	Comparison rate*
Standard rate	5.89% p.a.	7.23% p.a.
With Package^# and LVR⁺ discount	5.59% p.a.	6.00% 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.

Fixed rate home loans (Interest Only repayments)

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	6.04% p.a.	7.98% p.a.
With Package^# and LVR⁺ discount	5.74% p.a.	6.02% p.a.
2 year fixed term	Fixed rate	Comparison rate*
Standard rate	6.04% p.a.	7.79% p.a.
With Package^# and LVR⁺ discount	5.74% p.a.	6.03% p.a.
3 year fixed term	Fixed rate	Comparison rate*
Standard rate	6.19% p.a.	7.65% p.a.
With Package^# and LVR⁺ discount	5.89% p.a.	6.07% p.a.
4 year fixed term	Fixed rate	Comparison rate*
Standard rate	6.39% p.a.	7.58% p.a.
With Package^# and LVR⁺ discount	6.09% p.a.	6.15% p.a.
5 year fixed term	Fixed rate	Comparison rate*
Standard rate	6.39% p.a.	7.46% p.a.
With Package^# and LVR⁺ discount	6.09% p.a.	6.18% 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 LVRs above 70%–80%

There will be no LVR⁺ discount or margin applied if you’re borrowing above 70% and up to 80% of Westpac’s property valuation.

Select a rate type:

Variable rate home loans (Principal & Interest repayments)

Flexi First Option Home Loan Basic loan	Variable rate	Comparison rate*
Discounted rate^{^}	5.79% p.a.	5.80% p.a.
Online Offer^{^}	5.34% p.a.	5.35% p.a.

Discounted rate includes a 1.64% p.a. discount for the life of the loan. Excludes product switches.

Rocket Repay Home Loan Optional offset	Variable rate	Comparison rate*
Without Package	8.08% p.a.	8.21% p.a.
With Package^#	5.74% p.a.	6.12% p.a.

Our Premier Advantage Package offers a 2.34% 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.

Variable rate home loans (Interest Only repayments)

Flexi First Option Home Loan Basic loan	Variable rate	Comparison rate*
Discounted rate^{^}	7.49% p.a.	6.82% p.a.
Online Offer^{^}	6.03% p.a.	5.63% p.a.

Discounted rate includes a 0.53% p.a. discount for the life of the loan. Excludes product switches.

Rocket Repay Home Loan Optional offset	Variable rate	Comparison rate*
Without Package	8.67% p.a.	8.48% p.a.
With Package^#	6.33% p.a.	6.34% p.a.

Our Premier Advantage Package offers a 2.34% 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.

Fixed rate home loans (Principal & Interest repayments)

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.

Fixed Options Home Loan

1 year fixed term	Fixed rate	Comparison rate*
Standard rate	5.54% p.a.	7.93% p.a.
With Package^#	5.34% p.a.	6.08% p.a.
2 year fixed term	Fixed rate	Comparison rate*
Standard rate	5.54% p.a.	7.68% p.a.
With Package^#	5.34% p.a.	6.04% p.a.
3 year fixed term	Fixed rate	Comparison rate*
Standard rate	5.69% p.a.	7.50% p.a.
With Package^#	5.49% p.a.	6.05% p.a.
4 year fixed term	Fixed rate	Comparison rate*
Standard rate	5.89% p.a.	7.38% p.a.
With Package^#	5.69% p.a.	6.10% p.a.
5 year fixed term	Fixed rate	Comparison rate*
Standard rate	5.89% p.a.	7.23% p.a.
With Package^#	5.69% p.a.	6.10% 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.

Fixed rate home loans (Interest Only repayments)

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.

Fixed Options Home Loan

1 year fixed term	Fixed rate	Comparison rate*
Standard rate	6.04% p.a.	7.98% p.a.
With Package^#	5.84% p.a.	6.12% p.a.
2 year fixed term	Fixed rate	Comparison rate*
Standard rate	6.04% p.a.	7.79% p.a.
With Package^#	5.84% p.a.	6.12% p.a.
3 year fixed term	Fixed rate	Comparison rate*
Standard rate	6.19% p.a.	7.65% p.a.
With Package^#	5.99% p.a.	6.17% p.a.
4 year fixed term	Fixed rate	Comparison rate*
Standard rate	6.39% p.a.	7.58% p.a.
With Package^#	6.19% p.a.	6.25% p.a.
5 year fixed term	Fixed rate	Comparison rate*
Standard rate	6.39% p.a.	7.46% p.a.
With Package^#	6.19% p.a.	6.28% 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 LVRs over 80%

There will be an additional 0.30% p.a. on top of our standard interest rate if you're borrowing over 80% of Westpac's property valuation. This additional LVR⁺ margin applies to all new loans.

Select a rate type:

Variable rate home loans (Principal & Interest repayments)

The below rates include our additional 0.30% p.a. margin for LVRs⁺ over 80%.

Flexi First Option Home Loan Basic loan	Variable rate	Comparison rate*
Discounted rate^{^}	6.09% p.a.	6.10% p.a

Discounted rate includes a 1.64% p.a. discount for the life of the loan. Excludes product switches.

Rocket Repay Home Loan Optional offset	Variable rate	Comparison rate*
Without Package	8.38% p.a.	8.51% p.a.
With Package^#	6.04% p.a.	6.41% p.a.

Our Premier Advantage Package offers a 2.34% 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.

Fixed rate home loans (Principal & Interest repayments)

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.

An additional 0.30% p.a. margin applies to our standard interest rate for all new loans with an LVR⁺ over 80%.

Fixed Options Home Loan

1 year fixed term	Fixed rate	Comparison rate*
Standard rate	5.54% p.a.	7.93% p.a.
With Package^# and LVR⁺ margin	5.64% p.a.	6.37% p.a.
2 year fixed term	Fixed rate	Comparison rate*
Standard rate	5.54% p.a.	7.68% p.a.
With Package^# and LVR⁺ margin	5.64% p.a.	6.33% p.a.
3 year fixed term	Fixed rate	Comparison rate*
Standard rate	5.69% p.a.	7.50% p.a.
With Package^# and LVR⁺ margin	5.79% p.a.	6.34% p.a.
4 year fixed term	Fixed rate	Comparison rate*
Standard rate	5.89% p.a.	7.38% p.a.
With Package^# and LVR⁺ margin	5.99% p.a.	6.39% p.a.
5 year fixed term	Fixed rate	Comparison rate*
Standard rate	5.89% p.a.	7.23% p.a.
With Package^# and LVR⁺ margin	5.99% p.a.	6.39% 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.

Rates for LVRs up to 70%

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:

Variable rate investment home loans (Principal & Interest repayments)

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*
Discounted rate^{^}	5.99% p.a.	6.00% p.a.
Online Offer^{^}	5.39% p.a.	5.40% p.a.

Discounted rate includes a 1.89% p.a. discount for the life of the loan. Excludes product switches.

Rocket Investment Loan Optional offset	Variable rate	Comparison rate*
Without Package	8.53% p.a.	8.66% p.a.
With Package^#	5.84% p.a.	6.22% p.a.

Our Premier Advantage Package offers a 2.69% 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.

Variable rate investment home loans (Interest Only repayments)

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*
Discounted rate^{^}	6.49% p.a.	6.49% p.a.
Online Offer^{^}	5.64% p.a.	5.56% p.a.

Discounted rate includes a 1.65% p.a. discount for the life of the loan. Excludes product switches.

Rocket Investment Loan Optional offset	Variable rate	Comparison rate*
Without Package	8.79% p.a.	8.84% p.a.
With Package^#	6.10% p.a.	6.34% p.a.

Our Premier Advantage Package offers a 2.69% 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.

Fixed rate investment home loans (Principal & Interest repayments)

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	5.74% p.a.	8.43% p.a.
With Package^# and LVR⁺ discount	5.44% p.a.	6.18% p.a.
2 year fixed term	Fixed rate	Comparison rate*
Standard rate	5.74% p.a.	8.15% p.a.
With Package^# and LVR⁺ discount	5.44% p.a.	6.14% p.a.
3 year fixed term	Fixed rate	Comparison rate*
Standard rate	5.89% p.a.	7.93% p.a.
With Package^# and LVR⁺ discount	5.59% p.a.	6.15% p.a.
4 year fixed term	Fixed rate	Comparison rate*
Standard rate	6.09% p.a.	7.79% p.a.
With Package^# and LVR⁺ discount	5.79% p.a.	6.20% p.a.
5 year fixed term	Fixed rate	Comparison rate*
Standard rate	6.09% p.a.	7.60% p.a.
With Package^# and LVR⁺ discount	5.79% p.a.	6.19% 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.

Fixed rate investment home loans (Interest Only repayments)

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	5.79% p.a.	8.44% p.a.
With Package^# and LVR⁺ discount	5.49% p.a.	6.17% p.a.
2 year fixed term	Fixed rate	Comparison rate*
Standard rate	5.94% p.a.	8.19% p.a.
With Package^# and LVR⁺ discount	5.64% p.a.	6.16% p.a.
3 year fixed term	Fixed rate	Comparison rate*
Standard rate	6.09% p.a.	8.00% p.a.
With Package^# and LVR⁺ discount	5.79% p.a.	6.18% p.a.
4 year fixed term	Fixed rate	Comparison rate*
Standard rate	6.19% p.a.	7.84% p.a.
With Package^# and LVR⁺ discount	5.89% p.a.	6.21% p.a.
5 year fixed term	Fixed rate	Comparison rate*
Standard rate	6.19% p.a.	7.67% p.a.
With Package^# and LVR⁺ discount	5.89% p.a.	6.21% 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.

Fixed rate investment home loans (Interest Only in Advance repayments)

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	5.59%	8.45%
With Package^# and LVR⁺ discount	5.29%	6.17%
2 year fixed term	Fixed rate	Comparison rate*
Standard rate	5.74%	8.20%
With Package^# and LVR⁺ discount	5.44%	6.16%
3 year fixed term	Fixed rate	Comparison rate*
Standard rate	5.89%	8.02%
With Package^# and LVR⁺ discount	5.59%	6.18%
4 year fixed term	Fixed rate	Comparison rate*
Standard rate	5.99%	7.86%
With Package^# and LVR⁺ discount	5.69%	6.21%
5 year fixed term	Fixed rate	Comparison rate*
Standard rate	5.99%	7.70%
With Package^# and LVR⁺ discount	5.69%	6.20%

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 offering Fixed Rate Investment Property Loan customers an additional interest rate discount for paying up to 12 months interest in advance (minimum period of 3 months applies).
By prepaying interest, you can conveniently consolidate interest repayments into one lump sum payment.

You may be able to claim a tax deduction on prepaid interest in the year when you made a payment. We recommend that you consult your tax adviser to determine the tax consequences based on your individual circumstances.

Rates for LVRs above 70%–80%

There will be no LVR⁺ discount or margin applied if you’re borrowing above 70% and up to 80% of Westpac’s property valuation.

Select a rate type:

Variable rate investment home loans (Principal & Interest repayments)

Flexi First Option Investment Property Loan Basic loan	Variable rate	Comparison rate*
Discounted rate^{^}	6.09% p.a.	6.10% p.a
Online Offer^{^}	5.49% p.a.	5.50% p.a.

Discounted rate includes a 1.89% p.a. discount for the life of the loan. Excludes product switches.

Rocket Investment Loan Optional offset	Variable rate	Comparison rate*
Without Package	8.63% p.a.	8.76% p.a.
With Package^#	5.94% p.a.	6.31% p.a.

Our Premier Advantage Package offers a 2.69% 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.

Variable rate investment home loans (Interest Only repayments)

Flexi First Option Investment Property Loan Basic loan	Variable rate	Comparison rate*
Discounted rate^{^}	6.59% p.a.	6.59% p.a
Online Offer^{^}	5.74% p.a.	5.66% p.a.

Rocket Investment Loan Optional offset	Variable rate	Comparison rate*
Without Package	8.89% p.a.	8.94% p.a.
With Package^#	6.20% p.a.	6.44% p.a.

Our Premier Advantage Package offers a 2.69% 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.

Fixed rate investment home loans (Principal & Interest repayments)

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.

Fixed Rate Investment Property Loan

1 year fixed term	Fixed rate	Comparison rate*
Standard rate	5.74% p.a.	8.43% p.a.
With Package^#	5.54% p.a.	6.27% p.a.
2 year fixed term	Fixed rate	Comparison rate*
Standard rate	5.74% p.a.	8.15% p.a.
With Package^#	5.54% p.a.	6.24% p.a.
3 year fixed term	Fixed rate	Comparison rate*
Standard rate	5.89% p.a.	7.93% p.a.
With Package^#	5.69% p.a.	6.24% p.a.
4 year fixed term	Fixed rate	Comparison rate*
Standard rate	6.09% p.a.	7.79% p.a.
With Package^#	5.89% p.a.	6.30% p.a.
5 year fixed term	Fixed rate	Comparison rate*
Standard rate	6.09% p.a.	7.60% p.a.
With Package^#	5.89% p.a.	6.29% 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.

Fixed rate investment home loans (Interest Only repayments)

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.

Fixed Rate Investment Property Loan

1 year fixed term	Fixed rate	Comparison rate*
Standard rate	5.79% p.a.	8.44% p.a.
With Package^#	5.59% p.a.	6.27% p.a.
2 year fixed term	Fixed rate	Comparison rate*
Standard rate	5.94% p.a.	8.19% p.a.
With Package^#	5.74% p.a.	6.26% p.a.
3 year fixed term	Fixed rate	Comparison rate*
Standard rate	6.09% p.a.	8.00% p.a.
With Package^#	5.89% p.a.	6.28% p.a.
4 year fixed term	Fixed rate	Comparison rate*
Standard rate	6.19% p.a.	7.84% p.a.
With Package^#	5.99% p.a.	6.31% p.a.
5 year fixed term	Fixed rate	Comparison rate*
Standard rate	6.19% p.a.	7.67% p.a.
With Package^#	5.99% p.a.	6.31% 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.

Fixed rate investment home loans (Interest Only in Advance repayments)

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.

Fixed Rate Investment Property Loan

1 year fixed term	Fixed rate	Comparison rate*
Standard rate	5.59%	8.45%
With Package^#	5.39%	6.27%
2 year fixed term	Fixed rate	Comparison rate*
Standard rate	5.74%	8.20%
With Package^#	5.54%	6.26%
3 year fixed term	Fixed rate	Comparison rate*
Standard rate	5.89%	8.02%
With Package^#	5.69%	6.28%
4 year fixed term	Fixed rate	Comparison rate*
Standard rate	5.99%	7.86%
With Package^#	5.79%	6.31%
5 year fixed term	Fixed rate	Comparison rate*
Standard rate	5.99%	7.70%
With Package^#	5.79%	6.31%

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 offering Fixed Rate Investment Property Loan customers an additional interest rate discount for paying up to 12 months interest in advance (minimum period of 3 months applies).
By prepaying interest, you can conveniently consolidate interest repayments into one lump sum payment.

Rates for LVRs over 80%

There will be an additional 0.30% p.a. on top of our standard interest rate if you're borrowing over 80% of Westpac's property valuation. This additional LVR⁺ margin applies to all new loans.

Select a rate type:

Variable rate investment home loans (Principal & Interest repayments)

The below rates include our additional 0.30% p.a. margin for LVRs⁺ over 80%.

Flexi First Option Investment Property Loan	Variable rate	Comparison rate*
Discounted rate^{^}	6.39% p.a.	6.40% p.a.

Discounted rate includes a 1.89% p.a. discount for the life of the loan. Excludes product switches.

Rocket Investment Loan Optional offset	Variable rate	Comparison rate*
Without Package	8.93% p.a.	9.06% p.a.
With Package^#	6.24% p.a.	6.61% p.a.

Our Premier Advantage Package offers a 2.69% 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.

Variable rate investment home loans (Interest Only repayments)

The below rates include our additional 0.30% p.a. margin for LVRs⁺ over 80%.

Flexi First Option Investment Property Loan Basic loan	Variable rate	Comparison rate*
Discounted rate^{^}	6.89% p.a.	6.89% p.a

Discounted rate includes a 1.65% p.a. discount for the life of the loan. Excludes product switches.

Rocket Investment Loan Optional offset	Variable rate	Comparison rate*
Without Package	9.19% p.a.	9.24% p.a.
With Package^#	6.50% p.a.	6.74% p.a.

Our Premier Advantage Package offers a 2.69% 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.

Fixed rate investment home loans (Principal & Interest repayments)

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.

An additional 0.30% p.a. margin applies to our standard interest rate for all new loans with an LVR⁺ over 80%.

Fixed Rate Investment Property Loan

1 year fixed term	Fixed rate	Comparison rate*
Standard rate	5.74% p.a.	8.43% p.a.
With Package^# and LVR⁺ margin	5.84% p.a.	6.57% p.a.
2 year fixed term	Fixed rate	Comparison rate*
Standard rate	5.74% p.a.	8.15% p.a.
With Package^# and LVR⁺ margin	5.84% p.a.	6.53% p.a.
3 year fixed term	Fixed rate	Comparison rate*
Standard rate	5.89% p.a.	7.93% p.a.
With Package^# and LVR⁺ margin	5.99% p.a.	6.54% p.a.
4 year fixed term	Fixed rate	Comparison rate*
Standard rate	6.09% p.a.	7.79% p.a.
With Package^# and LVR⁺ margin	6.19% p.a.	6.59% p.a.
5 year fixed term	Fixed rate	Comparison rate*
Standard rate	6.09% p.a.	7.60% p.a.
With Package^# and LVR⁺ margin	6.19% p.a.	6.59% 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.

Fixed rate investment home loans (Interest Only repayments)

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.

An additional 0.30% p.a. margin applies to our standard interest rate for all new loans with an LVR⁺ over 80%.

Fixed Rate Investment Property Loan

1 year fixed term	Fixed rate	Comparison rate*
Standard rate	5.79% p.a.	8.44% p.a.
With Package^# and LVR⁺ margin	5.89% p.a.	6.57% p.a.
2 year fixed term	Fixed rate	Comparison rate*
Standard rate	5.94% p.a.	8.19% p.a.
With Package^# and LVR⁺ margin	6.04% p.a.	6.56% p.a.
3 year fixed term	Fixed rate	Comparison rate*
Standard rate	6.09% p.a.	8.00% p.a.
With Package^# and LVR⁺ margin	6.19% p.a.	6.58% p.a.
4 year fixed term	Fixed rate	Comparison rate*
Standard rate	6.19% p.a.	7.84% p.a.
With Package^# and LVR⁺ margin	6.29% p.a.	6.61% p.a.
5 year fixed term	Fixed rate	Comparison rate*
Standard rate	6.19% p.a.	7.67% p.a.
With Package^# and LVR⁺ margin	6.29% p.a.	6.60% 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.

Fixed rate investment home loans (Interest Only in Advance repayments)

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.

An additional 0.30% p.a. margin applies to our standard interest rate for all new loans with an LVR⁺ over 80%.

Fixed Rate Investment Property Loan

1 year fixed term	Fixed rate	Comparison rate*
Standard rate	5.59%	8.45%
With Package^# and LVR⁺ margin	5.69%	6.57%
2 year fixed term	Fixed rate	Comparison rate*
Standard rate	5.74%	8.20%
With Package^# and LVR⁺ margin	5.84%	6.56%
3 year fixed term	Fixed rate	Comparison rate*
Standard rate	5.89%	8.02%
With Package^# and LVR⁺ margin	5.99%	6.58%
4 year fixed term	Fixed rate	Comparison rate*
Standard rate	5.99%	7.86%
With Package^# and LVR⁺ margin	6.09%	6.61%
5 year fixed term	Fixed rate	Comparison rate*
Standard rate	5.99%	7.70%
With Package^# and LVR⁺ margin	6.09%	6.61%

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 offering Fixed Rate Investment Property Loan customers an additional interest rate discount for paying up to 12 months interest in advance (minimum period of 3 months applies).
By prepaying interest, you can conveniently consolidate interest repayments into one lump sum payment.

Sign in to see your personalised rate

Rates for existing owner occupier loans

Select a rate type:

Variable rate home loans (Principal & Interest repayments)

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	7.43% p.a.	7.43% p.a.
Variable Housing Rate	8.08% p.a.	8.21% p.a.
Rocket Variable Rate	8.08% p.a.	8.21% p.a.

Variable rate home loans (Interest Only repayments)

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	8.02% p.a.	7.70% p.a.
Variable Interest Only Housing Rate	8.67% p.a.	8.48% p.a.
Rocket Interest Only Rate	8.67% p.a.	8.48% p.a.
Equity Access – Plan 2 Rate (Product not available for applications from 30th Sept 2021)	9.46% p.a.	N/A

Fixed rate home loans (Principal & Interest repayments)

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	5.54% p.a.	7.93% p.a.
With Package^#	5.34% p.a.	6.08% p.a.
2 year fixed term	Fixed rate	Comparison rate*
Standard rate	5.54% p.a.	7.68% p.a.
With Package^#	5.34% p.a.	6.04% p.a.
3 year fixed term	Fixed rate	Comparison rate*
Standard rate	5.69% p.a.	7.50% p.a.
With Package^#	5.49% p.a.	6.05% p.a.
4 year fixed term	Fixed rate	Comparison rate*
Standard rate	5.89% p.a.	7.38% p.a.
With Package^#	5.69% p.a.	6.10% p.a.
5 year fixed term	Fixed rate	Comparison rate*
Standard rate	5.89% p.a.	7.23% p.a.
With Package^#	5.69% p.a.	6.10% p.a.

Learn more about our Fixed Options Home Loan

Fixed rate home loans (Interest Only repayments)

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	6.04% p.a.	7.98% p.a.
With Package^#	5.84% p.a.	6.12% p.a.
2 year fixed term	Fixed rate	Comparison rate*
Standard rate	6.04% p.a.	7.79% p.a.
With Package^#	5.84% p.a.	6.12% p.a.
3 year fixed term	Fixed rate	Comparison rate*
Standard rate	6.19% p.a.	7.65% p.a.
With Package^#	5.99% p.a.	6.17% p.a.
4 year fixed term	Fixed rate	Comparison rate*
Standard rate	6.39% p.a.	7.58% p.a.
With Package^#	6.19% p.a.	6.25% p.a.
5 year fixed term	Fixed rate	Comparison rate*
Standard rate	6.39% p.a.	7.46% p.a.
With Package^#	6.19% p.a.	6.28% p.a.

Learn more about our Fixed Options Home Loan

Rates for existing investor loans

Select a rate type:

Variable rate home loans (Principal & Interest repayments)

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	7.98% p.a.	7.98% p.a.
Investment Property Plan 2 Rate	8.63% p.a.	8.76% p.a.
Rocket Investment Rate	8.63% p.a.	8.76% p.a.
SMSF Investment Rate	8.63% p.a.	8.83% p.a.

Variable rate home loans (Interest Only repayments)

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	8.24% p.a.	8.17% p.a.
Variable Interest Only Invest Rate	8.89% p.a.	8.94% p.a.
Rocket Interest Only Invest Rate	8.89% p.a.	8.94% p.a.
SMSF Interest Only Investment Rate	8.89% p.a.	9.01% p.a.

Fixed rate home loans (Principal & Interest repayments)

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	5.74% p.a.	8.43% p.a.
With Package^#	5.54% p.a.	6.27% p.a.
2 year fixed term	Fixed rate	Comparison rate*
Standard rate	5.74% p.a.	8.15% p.a.
With Package^#	5.54% p.a.	6.24% p.a.
3 year fixed term	Fixed rate	Comparison rate*
Standard rate	5.89% p.a.	7.93% p.a.
With Package^#	5.69% p.a.	6.24% p.a.
4 year fixed term	Fixed rate	Comparison rate*
Standard rate	6.09% p.a.	7.79% p.a.
With Package^#	5.89% p.a.	6.30% p.a.
5 year fixed term	Fixed rate	Comparison rate*
Standard rate	6.09% p.a.	7.60% p.a.
With Package^#	5.89% p.a.	6.29% p.a.

Learn more about our Fixed Rate Investment Property Loan

Fixed rate home loans (Interest Only repayments)

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	5.79% p.a.	8.44% p.a.
With Package^#	5.59% p.a.	6.27% p.a.
2 year fixed term	Fixed rate	Comparison rate*
Standard rate	5.94% p.a.	8.19% p.a.
With Package^#	5.74% p.a.	6.26% p.a.
3 year fixed term	Fixed rate	Comparison rate*
Standard rate	6.09% p.a.	8.00% p.a.
With Package^#	5.89% p.a.	6.28% p.a.
4 year fixed term	Fixed rate	Comparison rate*
Standard rate	6.19% p.a.	7.84% p.a.
With Package^#	5.99% p.a.	6.31% p.a.
5 year fixed term	Fixed rate	Comparison rate*
Standard rate	6.19% p.a.	7.67% p.a.
With Package^#	5.99% p.a.	6.31% p.a.

Learn more about our Fixed Rate Investment Property Loan

Fixed rate home loans (Interest Only in Advance repayments)

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	5.59%	8.45%
With Package^#	5.39%	6.27%
2 year fixed term	Fixed rate	Comparison rate*
Standard rate	5.74%	8.2%
With Package^#	5.54%	6.26%
3 year fixed term	Fixed rate	Comparison rate*
Standard rate	5.89%	8.02%
With Package^#	5.69%	6.28%
4 year fixed term	Fixed rate	Comparison rate*
Standard rate	5.99%	7.86%
With Package^#	5.79%	6.31%
5 year fixed term	Fixed rate	Comparison rate*
Standard rate	5.99%	7.7%
With Package^#	5.79%	6.31%

Learn more about our Fixed Rate Investment Property Loan

Extra options for your home loan

Split loan tip #3

Shift up to $30k in extra repayments between your split variable and fixed accounts. Pay less interest by simply moving these extra funds into whichever loan has the higher interest rate (a break cost¹applies for fixed loan prepayments over $30k).

Splitting your home loan Splitting your home loan

Applying is simple, get started online

1. Apply for your home loan now

Apply in around 10-20 mins, or save and come back later. Tell us about you and see how much you could borrow. And don't worry, we'll let you know before the credit check. Need help? You can live chat with us to help you complete the application.

2. Fast approval

You could get unconditional refinance approval the same day you apply. Or conditional approval within 1 business day to help you confidently bid or make an offer for up to 90 days.

3. Discuss your rate and features with a lender

A dedicated lender will be in touch to go over the finer points of your loan. You’ll have an opportunity to negotiate your rate, as there’s no obligation until you accept your rate and loan offer.

4. On to settlement

Your lender will finalise your loan through to settlement. Accept our loan offer, and that’s it.

Start applying Start applying Book appointment Book appointment

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

Book an appointment

A member of our team will be in touch.

Talk with us

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9am-6pm, Sat-Sun (Sydney time)

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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 personal objectives, circumstances and needs into account. You should consider the appropriateness of the information to your own circumstances and, if necessary, seek appropriate professional advice.

Taxation considerations contained in this article (on this page) are general in nature. They do not take into account your personal circumstances and they should not be interpreted or used as tax advice or a tax guide. You should seek independent tax advice to determine the appropriate tax consequences relevant to your circumstances before making any decision based on this information.

Key Fact Sheet for Home Loans

**For sale products only

^{^}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.

Online Offer. Only available for online applications for new Flexi First Option Owner Occupier and Investment loans with Principal & Interest and Interest Only repayments. Rate includes a special life-of-loan discount with a loan-to-value ratio up to 80%. Excludes company and trust borrowers, bridging loans, construction loans and internal refinances within the Westpac Group.

^{^^}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.

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, then a break cost may apply.

^*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.

⁺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 293KB)

^‡Package Savings: This is an estimate of potential savings; actual savings may differ depending on your situation. Estimated savings amount calculated on a $400,000 home loan receiving 2.34% p.a. discount on a packaged Rocket Repay owner occupier variable rate home loan compared to an unpackaged Rocket Repay variable rate home loan. Premier Advantage Package Conditions of Use $395 annual package fee applies.

The output or result of this calculator:

Is subject to the assumptions, which are subject to change.
Is prepared without knowing your personal financial circumstances. Before you act on the output of this calculator, please consider if it’s right for you. If you need more information, please call 132 558. We recommend you talk with your financial adviser before taking out a loan.
Doesn’t represent a quote or pre-qualification for a loan.
Might not be taken into account if you apply for a loan with us, as we’ll make our own calculations. When assessing ability to service a loan, Westpac may use an interest rate that’s higher than the current interest rate for the loan you’ve requested.

The interest rates used in the calculator:

Are current, as shown on our home loan interest rate pages
Are Westpac's standard interest rates, and include any package or promotional discounts
Are subject to change.

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 for each chosen fixed rate term to receive this rate. A minimum period of 3 months applies, up to a maximum of 12 months. 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.

³Redraw facility: if you have 'available funds' (you've made extra home loan repayments) and you've activated your redraw facility, you're free to redraw them with no redraw fee. Up to $100k will be available to redraw from your variable loan online or over the phone each day (unlimited in-branch). For fixed loans you can redraw up to your prepayment threshold during your fixed term. Read our Home Loan Redraw Authority form (PDF 66KB) for full details.

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.

By visiting our website, you acknowledge that we may collect information about your visit to help make your experience better and improve our services. If you are an existing Westpac customer, we may contact you with relevant updates, offers, or information that may be of interest. If you prefer not to be contacted, you can opt out at any time by following the instructions provided in our communications or by updating your preferences.

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Rates for existing owner occupier loans

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Rates for existing investor loans

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Extra options for your home loan

Split your loan

Package & save

Consider a construction option

An extra loan for sustainable upgrades

Add an offset account

Split loan tip #3

Applying is simple, get started online

1. Apply for your home loan now

2. Fast approval

3. Discuss your rate and features with a lender

4. On to settlement

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