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New exclusive offer

Only available to Corporate Partner members and employees

New home loan – extra interest rate discount**

  • As an eligible Corporate Partner member or employee, you’ll enjoy an extra 0.10% p.a. interest rate discount** on your new packaged Rocket Variable home loan with optional offset – for the life of your loan.

  • On a $500,000 home loan, the discount equates to saving around $12,000 over a 30-year loan term***

  • That’s on top of the package savings with the Premier Advantage Package#. ($395 annual package fee)

  • First year’s annual package fee is waived^ for Corporate Partner members and employees. Minimum loan size $150,000. Eligibility, credit criteria, fees and conditions apply.

No package fee for the first year^

  • Package# benefits include a home loan interest rate discount, selected fee waivers, and no annual card fee on our Altitude Black credit card (when linked to your package).

  • The fee will then 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.

Our home loans and rates

Basic variable home loan

Our lowest variable rate home loan with unlimited extra repayments, minus the ongoing fees.

Featured owner occupier rate

6.44% p.a.

^^2-yr intro rate

6.76% p.a.

Comparison rate*

Variable rate includes 2-year 1.64% p.a. discount from loan settlement, reverting to 1.24% p.a. life-of-loan discount thereafter^^ (excludes refinances within Westpac Group). Plus 0.10% p.a. discount for LVR+ up to 70%. New basic Flexi First Option Owner Occupier loans on P&I repayments. T&Cs apply.

Fixed rate home loan

Lock in your rate and repayments for 1-5 years, for all or part of your loan. Plus the option to package your loan.

Featured owner occupier rate

6.49% p.a.

Fixed rate

7.57% p.a.

Comparison rate*

Rate includes 0.10% p.a. discount for LVR+ up to 70%. Available on new 2-year Fixed Owner Occupier packaged# home loans, on P&I repayments. $150k min loan. $395 annual package fee and T&Cs apply.

Variable loan with offset

100% offset account, unlimited extra repayments, plus the option to package your loan.

Featured owner occupier rate

7.44% p.a.

Variable rate

7.77% p.a.

Comparison rate*

Rate includes a 0.10% p.a. discount for LVR+ up to 70%. Available on new Owner Occupier packaged# home loan with Principal & Interest repayments. $150k min loan. $395 annual package fee and T&Cs apply.

Basic variable home loan

Our lowest variable rate home loan with unlimited extra repayments, minus the ongoing fees.

Featured investor rate

6.74% p.a.

^^2-yr intro rate

7.06% p.a.

Comparison rate*

Variable rate includes 2-year 1.89% p.a. discount from loan settlement reverting to 1.49% p.a. life-of-loan discount thereafter^^ (excludes refinances within Westpac Group). Plus 0.10% p.a. discount for LVR+ up to 70%. New basic Investment home loans on P&I repayments. T&Cs apply.

Fixed rate home loan

Lock in your rate and repayments for 1-5 years, for all or part of your loan. Plus the option to package your loan.

Featured investor rate

6.49% p.a.

Fixed rate

8.00% p.a.

Comparison rate*

Rate includes 0.10% p.a. discount for LVR+ up to 70%. Available on new 2-year Fixed packaged# Investment home loans, on P&I repayments. $150k min loan. $395 annual package fee and T&Cs apply.

Variable loan with offset

100% offset account, unlimited extra repayments, plus the option to package your loan.

Featured investor rate

7.99% p.a.

Variable rate

8.31% p.a.

Comparison rate*

Rate includes a 0.10% p.a. discount for LVR+ up to 70%. Available on packaged# new Investment home loans with P&I repayments. $150k min loan. $395 annual package fee and T&Cs apply.


Why choose Westpac for your home loan?

Get ahead on your loan

Our variable loans have no cap on extra repayments. Choosing a fixed rate? You can make up to $30k in extra repayments during your fixed rate term.

Save on interest

Pay off your loan sooner with competitive interest rates on our fixed ratebasic variable and variable with offset home loans.

Don't pay to redraw

Pay no fee to redraw your extra repayments2. Simply activate your redraw facility and transfer out of your loan account in the Westpac App.

Award-winning app

Manage your loan, make extra repayments and redraw anytime. Stay in-the-loop with notifications. Plus login with face recognition and fingerprint secure sign in.

Split your home loan

There’s no fee to split your loan balance into a separate fixed rate account and variable rate account to get the best of both worlds.

Offset option

Every dollar in your everyday offset account counts towards reducing the interest on your linked variable home loan. Flexibility, without the need to transfer spare money to your home loan.

Get started

Fill in a few details and one of our dedicated team will aim to get back to you within one business day.

 

Things you should know

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.

 

*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.

 

^ The 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.

 

^^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. ​

 

#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)

 

2Redraw 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 Redraw Authority form (PDF 66KB) (PDF 66KB) for full details.

 

+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. 

 

**Eligibility, 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. Offer available on Owner Occupier (Principal & Interest), Owner Occupier (Interest Only), Investment Property (Principal & Interest) and Investment Property (Interest Only) home loans. 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.

 

***This is an estimate of potential savings; actual savings may differ depending on your situation. Estimated savings amount calculated on a $500,000 home loan on 7.44% p.a. compared to 7.34% p.a. over a 30-year loan term. Premier Advantage Package Conditions of Use $395 annual package fee applies.