To check your current rate, balance and repayments, sign into your account. To check your rate and repayments, including any extra repayments you've made:
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All Westpac fixed and variable home loans come with a redraw facility. Redraw lets you make extra repayments that you can tap into should you need to. All you have to do is ensure that you’ve activated redraw on your home loan. There are no fees for using redraw.
If you haven’t set up redraw yet:
Yes, depending on whether you have a variable or fixed loan.
| Extra repayment | Redraw | |
| Variable loan limit | Unlimited | Unlimited (daily withdrawal limit $100k, no limit in-branch) |
| Fixed loan limit | $30k total during your fixed term (if exceeded, break cost may apply) | $30k total during your fixed term |
An offset account lets you reduce the amount of interest payable on your home loan. It does this by offsetting the balance of your linked account against your loan balance. That means you’re only charged interest on the difference. The more money you keep in your offset account, or you have across multiple offset accounts linked to the same home loan, the less interest you’ll need to pay overall.
You’ll need a Choice account under your name, or you and your joint borrower’s name. A $5 monthly account-keeping fee usually applies to a Choice account. By linking your Rocket Repay Home Loan or Rocket Investment Loan to your Choice account the fee will be waived (other fees may apply).
If you have a Rocket Repay Home Loan or a Rocket Investment Loan, you can link up to 10 offsets. Each eligible offset account can link to just one loan account. Linking can take up to 5 business days from request.
In the Westpac App:
Make sure you have the latest version of the app.
Other helpful resources:
Never miss an automated repayment, even if your minimum repayment amount changes. From a Westpac account in your name:
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Download, complete and return the relevant form (to your local branch, or scan and email loanmaintenance@mortgage.westpac.com.au
Instead of, or in addition to a Direct Debit, you can schedule a payment:
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For principal and interest home loans, you can change your repayment amount and frequency as long as you’re debiting a Westpac account in your name. You can’t adjust repayments on interest-only loans, but you can make separate additional repayments if you set up a recurring payment. For more details on interest-only home loans.
Make sure you have the latest version of the app.
Other helpful resources:
If you already have a variable home loan with us, it’s simple to fix all or a portion of your loan online. Before fixing your entire loan, you’ll need to consider what you want to do with any offset funds or any funds ‘available’ for redraw.
Make sure you have the latest version of the app.
Other helpful resources:
Go paperless and access your Westpac home loan statements securely online, anytime:
Make sure you have the latest version of the app.
Other helpful resources:
Why pay a $395 annual package fee?
Get interest rate discounts, plus savings on credit cards and insurance
Link up to 10 offset accounts
More offsets, less home loan
Track all your properties with a Westpac home loan in one place
Want to own your home sooner by paying off your loan faster with less interest? Get the help you need:
Thinking of renovating your home or adding on features like solar panels? Find out how you could finance upgrades:
Want to sell your current home? Whether you’re upgrading to a larger property or downsizing, explore your options:
Want to buy an investment property or second home? Get started here with our handy resources: