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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.

Why switch to Westpac?

Speedy refinance

If you’re eligible for Priority Refinance, you could access your new Westpac loan within days of signing your loan documents***.

Priority Refinance (PDF 1MB)

Save on interest

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

Flexible features

Make extra repayments anytime, package your loan, and pay no fee to redraw2 or take a repayment holiday3.

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.

Option to split

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.

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.

It's easy to switch

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.


+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 120KB)


*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.


***Priority Refinance: Only available: on eligible new Westpac home loans; on eligible home loans with your current lender; if your other lender is on the Priority Refinance process list of eligible financial institutions. Your other lender may charge you an additional settlement agent fee, as well as fixed rate home loan break costs. Loan suitability for the Priority Refinance product is determined by Westpac in conjunction with the insurance product guidelines. Priority Refinance is provided by First American Title Insurance Company of Australia Pty Limited ABN 64 075 279 908 Australian Financial Services Licence 263876, trading as First Title, an Australian general insurance company authorised by the Australian Prudential Regulation Authority. Conditions, fees and charges apply. Lending criteria apply to approval of credit products. This info doesn’t take your personal objectives, circumstances or needs into account, so please consider Priority Refinance’s appropriateness and read the disclosure documents for your selected loan, including the Terms & Conditions, before deciding. 


^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.


Rate Lock: We’ll apply the fixed rate available on the loan settlement date or the date your fixed rate term starts, unless you lock a fixed rate on your loan using our Rate Lock feature. The fixed rate lock-in fee is 0.10% of your loan amount. At the end of the fixed rate term, the interest rate will roll onto our standard variable home loan interest rate, unless a new fixed rate term’s selected and then the fixed rate is determined two business days before the end of the fixed term.


++ Potential savings: gives an indication of the amount you could save on new repayments if you switched to the Westpac home loan example, with calculations based on monthly repayments, in respect to the original amount, annual interest rate and term you entered. Potential savings over the life of your loan are based on the difference between estimated total interest on your current home loan and the Westpac home loan. Loan term reduction amount is based on the time you could save by paying off the Westpac home loan if you increased your repayments. Extra interest you could save calculation is based on increasing your repayments on the Westpac home loan.


3Repayment holiday: Conditions, eligibility and suitability criteria apply. 

  • Reduced loan repayments: reduction of up to 50% available for up to 6 months on variable home loans held with us for over 12 months. It is important to understand that at the end of the reduced repayment period, the repayment amount will increase to adjust for the reduced repayments. This ensures that the loan is still repaid within its original term. Read the disclosure documents for your selected product or service before deciding if this option is right for you. 
  • Mortgage repayment pause: available for up to 6 months on variable home loans held with us for over 12 months. 
  • Parental leave: if you’ve held your variable home loan with us for over 12 months, you could be eligible to reduce your home loan repayments up to 50% for up to 12 months while on maternity or paternity leave, subject to approval.


4Westpac Fraud Money Back Guarantee ensures that you’ll be reimbursed for any unauthorised transactions, provided that you haven’t contributed to the loss and you’ve contacted Westpac promptly. Refer to the credit card or debit card’s Terms & Conditions for full details, including when you’d be liable.