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Exclusive offer

Only available to Corporate Partner employees and members

Up to $1k cashback when you buy a property with us**

  • $1,000 new purchase cashback just for eligible Corporate Partner. Apply by 31 August 2022 and settle by 30 November 2022. 
  • Available to owner occupiers and investors on our basic and packaged# home loan ($395 annual package fee^ applies). Min loan amount $250k. Excludes home loans financed through a mortgage broker. 

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 annual Premier Advantage Package fee^ of $395 is waived for the first year only, for Corporate Partner home loan customers.

  • 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.

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 rate, basic 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, and sign in securely with face recognition or your fingerprint.

 


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.


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

3.24% p.a.

Variable rate

3.58% p.a.

Comparison rate*

Rate includes a 1.94% p.a. discount for 2 years from loan settlement reverting to a 1.54% p.a. discount thereafter^^. For new Flexi First Option Owner Occupier loans, P&I repayments. Excludes refinances within Westpac Group.​

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

5.49% p.a.

Fixed rate

5.10% p.a.

Comparison rate*

2-year Fixed Interest rate. P&I repayments with Premier Advantage Package# ($395 annual package fee). T&Cs apply.

Variable loan with offset

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

Featured owner occupier rate

4.54% p.a.

Variable rate

4.92% p.a.

Comparison rate*

P&I repayments with the Premier Advantage Package# ($395 annual package fee). T&Cs apply.

Basic variable home loan

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

Featured investor rate

3.64% p.a.

Variable rate

3.98% p.a.

Comparison rate*

Rate includes a 2.09% p.a. discount for 2 years from loan settlement reverting to a 1.69% p.a. discount thereafter^^. For new Flexi First Option Investment Loans, P&I repayments. Excludes refinances within Westpac Group.​

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

5.49% p.a.

Fixed rate

5.53% p.a.

Comparison rate*

2-year Fixed Interest rate. P&I repayments with Premier Advantage Package# ($395 annual package fee). T&Cs apply.

Variable loan with offset

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

Featured investor rate

5.09% p.a.

Variable rate

5.46% p.a.

Comparison rate*

P&I repayments with the Premier Advantage Package# ($395 annual package fee). T&Cs apply.


What is LVR?

One of the common terms that you'll come across in the home loan market is loan-to-value ratio, or LVR. But what does it mean exactly? Put simply, LVR is comparing the lender's valuation of the property you wish to buy to the size of your loan, expressed as a percentage. For example, if your property is valued at $1 million by your lender, and your loan is eight $800,000, your loan-to-value ratio is 80%. So the bigger your deposit, the lower the LVR will be, which means lenders may assess you as a lower risk, and may be able to offer you a lower interest rate. If your LVR is at the higher end, meaning over 80%, you may be required to take out Lenders Mortgage Insurance (LMI), which is an additional cost to you. If you want to decrease your LVR and avoid paying LMI, a family member may be able to help, by acting as a guarantor. Or you could keep saving until you have a larger deposit, or consider buying a cheaper home in order to get a foot in the market. Something to keep in mind.


Thinking of switching more than your home loan?

  • Enjoy discounts and rewards

    Get discounts on some of your favourite brands with your everyday account, and earn points with our rewards credit cards.

  • Save more when you package

    As well as discounts on your home loan, you’ll pay no card fee on a Westpac credit card (when linked to your package#), and no monthly fee on our everyday bank account ($395 annual package fee applies^).

  • It's easy to manage your money

    Manage all your accounts in one place. Pay easily with PayID, near-instant bank transfers, Apple Pay, Google Pay, Samsung Pay, and more.

  • We keep your money safe

    Our everyday accounts and credit cards are backed by our 24/7 Fraud Monitoring and Fraud Moneyback Guarantee4.

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.

 

** Corporate Partners bonus $1K refinance or new purchase cashback: Conditions, credit criteria, fees, charges, eligibility criteria and exclusions apply. Apply between 1 October 2020 to 31 August 2022 and settle by 30 November 2022. Min loan amount $250k and no LVR requirements. Offer available to Corporate Partners’ members and employees. Eligibility of the primary applicant must be confirmed at the start of the application. Only one $1,000 bonus refinance or new purchase cashback will be paid for the first application. $2K refinance cashback offer: Conditions, credit criteria, fees, charges, eligibility criteria and exclusions apply. Apply between 1st August 2022 to 31st October 2022 and settle by 31st January 2023 for refinance applications. Offer may be varied or withdrawn at any time. Min Loan amount $250k and LVR up to 80%. Offers available for Owner Occupier with Principal & Interest repayments and Investment Property Loans (Principal and Interest & Interest Only repayments). Premier Advantage Package ($395 annual package fee and T&Cs apply) and Flexi First Option Loans. The first year annual package fee is waived for Corporate Partners. Limit of one $2,000 cashback payment regardless of the number of applications, applicants, properties or loans involved per 12 month period. For joint applications, only one cashback payment will be paid to the primary applicant. Excludes Owner Occupier Interest Only, loans originated through a mortgage broker, introducer, paid referrer (Mortgage Alliance), residential lending originated under family or company trusts and refinances within Westpac Group (which includes refinances from Westpac, St.George, Bank of Melbourne, BankSA and RAMS). Applicants must have a Westpac transaction account at the time of settlement, and must keep this account for 60 days after settlement. Applicants’ home loan repayments must be direct debited from this transaction account. The cashback will be paid into this account within 60 days after settlement. Tax consequences may arise from this promotion for investors and customers should seek independent advice on any taxation matters. 

^ The annual package fee of $395 is waived for the first year only for Corporate Partner customers. 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 21/06/2022. Includes a 1.94% p.a. discount for two years from the loan settlement date, at the end of the period it will revert to a 1.54% p.a. discount for the life of the loan.​
  • For an investment property:  Offer commences 21/06/2022. Includes a 2.09% p.a. discount for two years from the loan settlement date, at the end of the period it will revert to a 1.69% 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 88KB)


 

2Redraw facility: if you have ‘available funds’ (you’re ahead on your home loan repayments) and you’ve activated your redraw facility, you’re free to redraw them with no redraw fee. Read our Redraw Authority form (PDF 66KB) for full details. Redraw will not apply if you have a Bridging Loan.


 

+LVR stands for the initial loan to value ratio at loan approval. 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 don’t change because of changes to the LVR during the life of the loan.