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Negotiate your rate

So, you're wondering "how can I get a special deal?". Start applying and a lender will call you about our sweet rates - including a variable rate with offset, tailored just for you. 

 

What kind of home loan are you looking for?

Fixed rate home loan

Lock in the interest rate for a set term on all or part of your loan amount for peace of mind.

Basic variable rate home loan

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

Variable home loan with offset

Our rocket variable rate home loan, with unlimited extra repayments,​ no associated break costs, and an optional offset account.

Save big when you bundle

  • You could save around $5k in interest in the first year
  • Plus no set up or ongoing home loan fees
  • Plus savings on a Credit Card and Home/Landlord Insurance


All for a $395 annual package fee# on a loan over $150k. Based on a $400k loan.
 

Explore our guides

Looking to make sustainable upgrades to your home?

Westpac is launching a new loan to help you make energy-efficient or climate-resilient upgrades to your home. We're working with Australia's Clean Energy Finance Corporation (CEFC), which invests to help Australia's transition to net zero emissions. Our new product has the support from their Household Energy Upgrades Fund and comes with a cool rate.

Frequently asked questions

A mortgage (or home loan) is an amount of money lent by a bank or financial institution to a borrower so they can buy a residential property for themselves, or a renter, to live in. A mortgage is the amount of money owing on the home loan, which will be made up of the principal (the loan amount), fees and interest charges. 

 

Home loan lenders require borrowers to contribute a deposit - a sum of money that forms a percentage of the total loan value. 

 

With a home loan, the lender holds the title or deed to the property until the principal and any interest is repaid. The lender uses the property as security on the loan, which means they can sell it to recoup losses if the borrower can’t continue to make repayments.  

 

A home loan contract will last for a set length of time – typically 20-30 years. When you get a home loan, your lender will charge you a percentage of the remaining loan balance over this time at weekly, fortnightly or monthly repayment intervals.  

 

This percentage is known as your home loan interest rate.  

Things you should know

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 objectives, needs and overall financial situation into account. For this reason, you should consider the appropriateness of the information and if necessary, seek appropriate professional advice. This includes any tax consequences arising from any promotions for investors and customers should seek independent, professional tax advice on any taxation matters before making a decision based on this information.

Key Fact Sheet for Home Loans


+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. 


Package Savings: This is an estimate of potential savings; actual savings may differ depending on your situation. Estimated savings amount calculated on a $400,000 home loan receiving 1.29% p.a. discount on a packaged Rocket Repay variable rate home loan compared to an unpackaged Rocket Repay variable rate home loan. Premier Advantage Package Conditions of Use $395 annual package fee applies.


#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)


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Family Security Guarantee:
Family Security Guarantee:The guarantor should consider the risks associated with the Family Security Guarantee, primarily that if the borrower defaults on their loan, the guarantor is liable to pay up to the maximum of the portion of security they have put forward as a guarantee. You will be required to seek independent legal advice before offering to guarantee a loan. Credit criteria apply to the assessment of the adequacy of any proposed guarantee limit. Offer available on all loans eligible under the Family Security Guarantee, for purchase or refinance of owner occupier or investment property. Note that for investment properties, the borrower must not have ownership of any other properties at the time of application, and for owner occupied properties a maximum of one other property may be owned which does not have sufficient equity to provide a security. For new Family Security Guarantee Home Loan applications received from 23 October 2020. Family Security Guarantee can be provided by parents or legal guardians, siblings, and children. Equity access, owner builder applications, Line of Credit and Bridging Loan products are not eligible under the Family Security Guarantee. Other Exclusions may apply. Not available for the purposes of debt consolidation, owner builder construction, cash out, or addition of a security guarantee to an existing loan. $150k minimum loan size applies. Credit criteria, fees and charges apply. Offer may be varied or withdrawn at any time. Full eligibility criteria on the Family Security Guarantee is available on request.

^^Fixed rate home loan: The Bank will apply the fixed rate that is available at the loan settlement date, unless the customer locks a fixed rate in on the loan using our Rate Lock feature. The Fixed Rate - Lock-In fee is 0.10% of the loan amount. At the end of the fixed rate period the interest rate will convert to the applicable variable home loan interest rate unless a new fixed rate term is selected and then the fixed rate is determined two business days prior to the refix. Interest rate(s) displayed is for Australian Residents only. Rate lock is not available for progress draw loans under the construction option.

1Priority 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.