CORPORATE PARTNER OFFERS

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.

Any tax information described is general in nature and it is not tax advice or a guide to tax laws. We recommend you seek independent, professional tax advice applicable to your personal circumstances.

Key Fact Sheet for Home Loans

Program eligibility: If you didn’t receive the link to this Corporate Partners Program site directly from your organisation, you may be ineligible to receive Program benefits. To check, ask your employer, community group or government organisation if they’re a Westpac Corporate Partner e.g. contact your group coordinator, HR or department head. If you still have questions, fill in a few details and one of our team will aim to get back to you within one business day.

Personal Loan Contract Terms and Conditions (PDF 268KB)

¹Eligibility, credit criteria, fees and conditions apply. Exclusive offer for eligible Corporate Partner members or employees only. Offer includes additional 0.10% p.a. interest rate discount on new packaged^# Variable Rate home loan and $395 package fee waiver for the first year ($395 annual fee applies after the first year).  This offer may be varied or withdrawn at any time. Eligibility of the primary applicant must be confirmed at the start of the application. Minimum loan size of $150,000. Offer not available for loans originated through a mortgage broker, introducer, paid referrer (Mortgage Alliance) and residential lending originated under family or company trusts.

² This is an estimate of potential savings; actual savings may differ depending on your situation. Estimated savings amount calculated on an interest rate of 6.24% p.a. compared to 6.14% p.a. on a $500,000 home loan with principal & interest repayments over a 30-year loan term. Premier Advantage Package Conditions of Use (PDF 191KB) and $395 annual package fee apply.

³The annual package fee of $395 is waived for the first year only for Corporate Partner members and employees. The annual package fee will be payable from an eligible Westpac Choice transaction account after the first year. Discount applies at the time of application when you tell us you're a Premier Advantage Package customer.

4. Solar + Battery Special Offer of 8.99% p.a. (comparison rate 10.38%) is available to new and existing Westpac customers who apply, are approved and accept an Unsecured Personal Loan contract for a loan amount of more than $10,000. Application must be submitted via the Apply now button on website page https://www.westpac.com.au/personal-banking/personal-loans/solar, in branch or by calling 1300 720 697. This offer cannot be used in conjunction with any other offer and may be varied or withdrawn at any time.

⁶$0 establishment fee: Information correct as at 27 November 2019. The Establishment Fee waiver is available to Corporate Partners active business partners who apply and complete an application for a new Westpac Unsecured or Car Personal Loan in branch. If approved, the Establishment fee will be waived, saving $250. This offer waiver cannot be used in conjunction with any other offer promotion and may be varied or withdrawn at any time. All other fees outlined on public website Personal Loan product pages. Unless otherwise specified, the products and services described on this website are available only in Australia.

⁷Sustainable 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. 

⁸ 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.

⁹LMI waiver up to 90% LVR (min 10% deposit) for registered nurses and registered midwives earning a minimum annual income of $90,000. LMI waiver up to 95% LVR (min 5% deposit) may also apply to listed medical practitioners.

^#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 191KB)

⁺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. 

^† PAYG Plus 100% Non-base Income (overtime and allowances): Available for eligible healthcare, emergency services, core building and other essential trade related roles as outlined in the details on our website. Not available for office-based emergency services staff and self-employed. To assess the non-base income, income evidence must be with the same employer for a minimum of 6 months. Where this requirement is not met, applications may still be referred for consideration.

^Comparison rates: Comparison rates help you understand the true cost of a loan. All comparison rate examples shown are for a personal loan amount of $30,000 and a term of 5 years. WARNING: Comparison rates apply only to the example or examples given and may not include all fees and charges. Different loan amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

^^To qualify for a Car Loan, applicant must meet all credit criteria and the car offered as security must meet all criteria - either new or if used, cannot be older than 7 years at time of application, registered under the applicant's name, has been made locally or imported by the manufacturer, has never been written off (even if it was repaired), has a paid, fully comprehensive insurance policy with Westpac noted as the financier and is for personal use only. The loan amount may exceed the vehicle's market value, as reported by Redbook, to cover the purchase price of the vehicle and other expenses. If you're using a Westpac Car Loan to buy an electric or hybrid car, check our list of eligible vehicles.

Origin: Westpac and Origin Energy have a referral arrangement. If you ask Origin Energy for a quote for energy upgrades, they send you to SolarQuotes. SolarQuotes is a subsidiary of Origin Energy. SolarQuotes is separate from Westpac. It gives you quotes from installers. Westpac is a credit provider that may provide financing for your energy upgrades. 

What this means for you

• SolarQuotes runs an online platform. Any details you enter into the SolarQuotes platform goes to Origin Energy and SolarQuotes, not Westpac. SolarQuotes and Origin Energy each have their own Privacy Policy. This can be accessed on their websites. This details how they manage your personal info. 

• You choose the installer you want. You must also check that the installer has a licence. 

Important details

• Westpac does not pay commissions to, or receive commissions from, Origin Energy or SolarQuotes. 

• Westpac is a credit provider. Westpac holds an Australian Financial Services Licence and an Australian Credit Licence (233714). 

• Origin Energy is an energy provider. Its subsidiary, SolarQuotes, helps customers find installers. These companies are not part of the Westpac Group. 

• Westpac does not promise anything about the quality or safety of installers found through them. We have not checked or approved these installers or their licences. 

• Their products and services are not exclusive to Westpac.