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Home Loans Interest Rates

Rocket Repay Home 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.
For example, a loan of $400,000 to buy a property worth $500,000 results in a loan to value ratio of 80%. The interest rates below are for new loans. Home loan rates are set based on the initial LVR and don’t change because of changes to the LVR during the life of the loan.

 

Loan Annual Rate Comparison Rate1
Principal & Interest

LVR up to 70% (Includes discount of 0.05% p.a.) 4.93% p.a. 5.07% p.a.
LVR above 70% 4.98% p.a. 5.12% p.a.
Interest Only
LVR up to 70% (Includes discount of 0.05% p.a.) 5.52% p.a. 5.66% p.a.
LVR above 70% 5.57% p.a. 5.71% p.a.

Rocket Repay Home Loan Premier Advantage Package#

For total package home loans above $150,000.
 

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.
For example, a loan of $400,000 to buy a property worth $500,000 results in a loan to value ratio of 80%. The interest rates below are for new loans. Home loan rates are set based on the initial LVR and don’t change because of changes to the LVR during the life of the loan.

 

Loan

Annual Rate including 

Premier Advantage Package#

discount of 1.29% p.a.

Comparison Rate1
Principal & Interest
LVR up to 70% (Includes discount of 0.05% p.a.) 3.64% p.a. 4.04% p.a.
LVR above 70% 3.69% p.a. 4.09% p.a.
Interest Only
LVR up to 70% (Includes discount of 0.05% p.a.) 4.23% p.a. 4.62% p.a.
LVR above 70% 4.28% p.a. 4.67% p.a.

Flexi First Option Home 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.
For example, a loan of $400,000 to buy a property worth $500,000 results in a loan to value ratio of 80%. The interest rates below are for new loans. Home loan rates are set based on the initial LVR and don’t change because of changes to the LVR during the life of the loan.

 

Loan Annual Rate Comparison Rate1
Principal & Interest
LVR up to 70% (Includes discount of 0.05% p.a.) 4.28% p.a. 4.33% p.a.
LVR above 70% 4.33% p.a. 4.38% p.a.
Interest Only
LVR up to 70% (Includes discount of 0.05% p.a.) 4.87% p.a. 4.92% p.a.
LVR above 70% 4.92% p.a. 4.97% p.a.

Flexi First Option Home Loan variable rate - Special Offer2

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.
For example, a loan of $400,000 to buy a property worth $500,000 results in a loan to value ratio of 80%. The interest rates below are for new loans. Home loan rates are set based on the initial LVR and don’t change because of changes to the LVR during the life of the loan.

 

Loan Annual Rate Comparison Rate1
Principal & Interest
Includes a 0.75% p.a.*** life of loan discount
on new Owner Occupier loans with principal and interest repayments.
Excludes internal refinances within Westpac Group.
LVR up to 70% (Includes discount of 0.05% p.a.) 3.53% p.a. 3.54% p.a.
LVR above 70% 3.58% p.a. 3.59% p.a.

Variable interest rate for Equity Access Loan

 

Loan Annual Rate
Equity Access Loan 6.36% p.a.
Equity Access loan with Premier Advantage package#
(discount of 1.29% p.a. included in the interest rate)
5.07% p.a.

Fixed Rate Investment Property 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.
For example, a loan of $400,000 to buy a property worth $500,000 results in a loan to value ratio of 80%. The interest rates below are for new loans. Home loan rates are set based on the initial LVR and don’t change because of changes to the LVR during the life of the loan.

 

Term Annual Rate Comparison Rate1
Principal and interest
1 year standard fixed rate 4.69% p.a. 5.58% p.a.
LVR up to 70% (Includes discount of 0.05% p.a.) 4.64% p.a. 5.53% p.a.
LVR above 70% (no change to standard rate) 4.69% p.a. 5.58% p.a.
2 year standard fixed rate 3.79% p.a. 5.34% p.a.
LVR up to 70% (Includes discount of 0.05% p.a.) 3.74% p.a. 5.29% p.a.
LVR above 70% (no change to standard rate) 3.79% p.a. 5.34% p.a.
3 year standard fixed rate 3.89% p.a. 5.22% p.a.
LVR up to 70% (Includes discount of 0.05% p.a.) 3.84% p.a. 5.17% p.a.
LVR above 70% (no change to standard rate) 3.89% p.a. 5.22% p.a.
4 year standard fixed rate 4.99% p.a. 5.48% p.a.
LVR up to 70% (Includes discount of 0.05% p.a.) 4.94% p.a. 5.43% p.a.
LVR above 70% (no change to standard rate) 4.99% p.a. 5.48% p.a.
5 year standard fixed rate 4.59% p.a. 5.27% p.a.
LVR up to 70% (Includes discount of 0.05% p.a.) 4.54% p.a. 5.22% p.a.
LVR above 70% (no change to standard rate) 4.59% p.a. 5.27% p.a.
Interest only
1 year standard fixed rate 4.59% p.a. 5.81% p.a.
LVR up to 70% (Includes discount of 0.05% p.a.) 4.54% p.a. 5.76% p.a.
LVR above 70% (no change to standard rate) 4.59% p.a. 5.81% p.a.
2 year standard fixed rate 4.09% p.a. 5.60% p.a.
LVR up to 70% (Includes discount of 0.05% p.a.) 4.04% p.a. 5.55% p.a.
LVR above 70% (no change to standard rate) 4.09% p.a. 5.60% p.a.
3 year standard fixed rate 4.19% p.a. 5.49% p.a.
LVR up to 70% (Includes discount of 0.05% p.a.) 4.14% p.a. 5.44% p.a.
LVR above 70% (no change to standard rate) 4.19% p.a. 5.49% p.a.
4 year standard fixed rate 5.29% p.a. 5.75% p.a.
LVR up to 70% (Includes discount of 0.05% p.a.) 5.24% p.a. 5.70% p.a.
LVR above 70% (no change to standard rate) 5.29% p.a. 5.75% p.a.
5 year standard fixed rate 5.15% p.a. 5.65% p.a.
LVR up to 70% (Includes discount of 0.05% p.a.) 5.10% p.a. 5.60% p.a.
LVR above 70% (no change to standard rate) 5.15% p.a. 5.65% p.a.

Fixed Rate Investment Property Loan interest rates under our home loan package, Premier Advantage package#.

Get a 0.20% p.a. discount on Premier Advantage Package# for balances above $150,000 (included in the below rates).

 

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.
For example, a loan of $400,000 to buy a property worth $500,000 results in a loan to value ratio of 80%. The interest rates below are for new loans. Home loan rates are set based on the initial LVR and don’t change because of changes to the LVR during the life of the loan.

 

Term Annual Rate Comparison Rate1
Principal and interest
1 year standard fixed rate less package discount 4.49% p.a. 4.65% p.a.
LVR up to 70% (Includes further discount of 0.05% p.a.) 4.44% p.a. 4.60% p.a.
LVR above 70% (no change to standard rate) 4.49% p.a. 4.65% p.a.
2 year standard fixed rate less package discount 3.59% p.a. 4.51% p.a.
LVR up to 70% (Includes further discount of 0.05% p.a.) 3.54% p.a. 4.46% p.a.
LVR above 70% (no change to standard rate) 3.59% p.a. 4.51% p.a.
3 year standard fixed rate less package discount 3.69% p.a. 4.48% p.a.
LVR up to 70% (Includes further discount of 0.05% p.a.) 3.64% p.a. 4.44% p.a.
LVR above 70% (no change to standard rate) 3.69% p.a. 4.48% p.a.
4 year standard fixed rate less package discount 4.79% p.a. 4.81% p.a.
LVR up to 70% (Includes further discount of 0.05% p.a.) 4.74% p.a. 4.77% p.a.
LVR above 70% (no change to standard rate) 4.79% p.a. 4.81% p.a.
5 year standard fixed rate less package discount 4.39% p.a. 4.69% p.a.
LVR up to 70% (Includes further discount of 0.05% p.a.) 4.34% p.a. 4.64% p.a.
LVR above 70% (no change to standard rate) 4.39% p.a. 4.69% p.a.
Interest only
1 year standard fixed rate less package discount 4.39% p.a. 4.87% p.a.
LVR up to 70% (Includes further discount of 0.05% p.a.) 4.34% p.a. 4.82% p.a.
LVR above 70% (no change to standard rate) 4.39% p.a. 4.87% p.a.
2 year standard fixed rate less package discount 3.89% p.a. 4.77% p.a.
LVR up to 70% (Includes further discount of 0.05% p.a.) 3.84% p.a. 4.72% p.a.
LVR above 70% (no change to standard rate) 3.89% p.a. 4.77% p.a.
3 year standard fixed rate less package discount 3.99% p.a. 4.75% p.a.
LVR up to 70% (Includes further discount of 0.05% p.a.) 3.94% p.a. 4.70% p.a.
LVR above 70% (no change to standard rate) 3.99% p.a. 4.75% p.a.
4 year standard fixed rate less package discount 5.09% p.a. 5.08% p.a.
LVR up to 70% (Includes further discount of 0.05% p.a.) 5.04% p.a. 5.04% p.a.
LVR above 70% (no change to standard rate) 5.09% p.a. 5.08% p.a.
5 year standard fixed rate less package discount 4.95% p.a. 5.07% p.a.
LVR up to 70% (Includes further discount of 0.05% p.a.) 4.90% p.a. 5.02% p.a.
LVR above 70% (no change to standard rate) 4.95% p.a. 5.07% p.a.

Rocket Investment 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.
For example, a loan of $400,000 to buy a property worth $500,000 results in a loan to value ratio of 80%. The interest rates below are for new loans. Home loan rates are set based on the initial LVR and don’t change because of changes to the LVR during the life of the loan.

 

Loan Annual Rate Comparison Rate1
Principal & Interest
LVR up to 70% (Includes discount of 0.05% p.a.) 5.48% p.a. 5.62% p.a.
LVR above 70% 5.53% p.a. 5.67% p.a.
Interest Only
LVR up to 70% (Includes discount of 0.05% p.a.) 5.74% p.a. 5.88% p.a.
LVR above 70% 5.79% p.a. 5.93% p.a.

Rocket Investment Loan variable interest rates under our home loan package, Premier Advantage Package#.

For total package home loans above $150,000.

 

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.
For example, a loan of $400,000 to buy a property worth $500,000 results in a loan to value ratio of 80%. The interest rates below are for new loans. Home loan rates are set based on the initial LVR and don’t change because of changes to the LVR during the life of the loan.

 

Loan

Annual Rate including

Premier Advantage Package#

discount of 1.29% p.a.

Comparison Rate1
Principal & Interest
LVR up to 70% (Includes discount of 0.05% p.a.) 4.19% p.a. 4.58% p.a.
LVR above 70% 4.24% p.a. 4.63% p.a.
Interest Only
LVR up to 70% (Includes discount of 0.05% p.a.) 4.45% p.a. 4.83% p.a.
LVR above 70% 4.50% p.a. 4.88% p.a.

Flexi First Option Investment Property 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.
For example, a loan of $400,000 to buy a property worth $500,000 results in a loan to value ratio of 80%. The interest rates below are for new loans. Home loan rates are set based on the initial LVR and don’t change because of changes to the LVR during the life of the loan.

 

Loan Annual Rate Comparison Rate1
Principal & Interest
LVR up to 70% (Includes discount of 0.05% p.a.) 4.83% p.a. 4.88% p.a.
LVR above 70% 4.88% p.a. 4.93% p.a.
Interest Only
LVR up to 70% (Includes discount of 0.05% p.a.) 5.09% p.a. 5.14% p.a.
LVR above 70% 5.14% p.a. 5.19% p.a.

Flexi First Option Investment Property Loan - Special Offer2

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.
For example, a loan of $400,000 to buy a property worth $500,000 results in a loan to value ratio of 80%. The interest rates below are for new loans. Home loan rates are set based on the initial LVR and don’t change because of changes to the LVR during the life of the loan.

 

Loan Annual Rate Comparison Rate1

Principal & Interest

Includes a 0.80% p.a.** life of loan discount 
on new Investment Property loans with principal and interest repayments.
Excludes internal refinances within Westpac Group.

LVR up to 70% (Includes discount of 0.05% p.a.) 4.03% p.a. 4.04% p.a.
LVR above 70% 4.08% p.a. 4.09% p.a.
Interest Only
Includes a 0.71% p.a.*** life of loan discount
on new Investment Property loans with interest only repayments.
Excludes internal refinances within Westpac Group.
LVR up to 70% (Includes discount of 0.05% p.a.) 4.38% p.a. 4.39% p.a.

LVR above 70%
4.43% p.a. 4.44% p.a.

Variable interest rate for Equity Access Loan

Loan Annual Rate
Equity Access Loan 6.36% p.a.
Equity Access loan with Premier Advantage package#
(discount of 1.29% p.a. included in the interest rate)
5.07% p.a.

Fixed Options Home Loan Rate

Below are the Fixed Rate Home Loan interest rates available to fix or re-fix existing loans.

Note that a discount may apply – please refer to your loan contract or call 132 558

Term Annual Rate Comparison Rate1
Principal & Interest
1 year
4.29% p.a. 5.05% p.a.
2 year
3.38% p.a. 4.82% p.a.
3 year   3.48% p.a. 4.72% p .a.
4 year
4.29% p.a. 4.88% p.a.
5 year
4.29% p.a. 4.83% p.a.
Interest Only
1 year
4.79% p.a. 5.63% p.a.
2 year
3.99% p.a. 5.41% p.a.
3 year
4.09% p.a. 5.30% p.a.
4 year
5.19% p.a. 5.57% p.a.
5 year
5.29% p.a. 5.59% p.a.

Fixed Rates Investment Property Loan

Below are the Fixed Rate Home Loan interest rates available to fix or re-fix existing loans.

Note that a discount may apply – please refer to your loan contract or call 132 558

Term Annual Rate Comparison Rate1
Principal & Interest
1 year
4.69% p.a. 5.58% p.a.
2 year
3.79% p.a. 5.34% p.a.
3 year
3.89% p.a. 5.22% p.a.
4 year
4.99% p.a. 5.48% p.a.
5 year
4.59% p.a. 5.27% p.a.
Interest Only
1 year
4.59% p.a. 5.81% p.a.
2 year
4.09% p.a. 5.60% p.a.
3 year
4.19% p.a. 5.49% p.a.
4 year
5.29% p.a. 5.75% p.a.
5 year
5.15% p.a. 5.65% p.a.

Fixed Option Home Loan interest rates under our home loan package, Premier Advantage package#

Below are the Fixed Rate Home Loan interest rates available to fix or re-fix existing loans.

Get a 0.20% p.a. discount on Premier Advantage Package# for balances above $150,000 (included in the below rates).

Note that a discount may apply – please refer to your loan contract or call 132 558

Term Annual Rate Comparison Rate1
Principal & Interest
1 year standard fixed rate less package discount 4.09% p.a. 4.13% p.a.
2 year standard fixed rate less package discount
3.18% p.a. 4.00% p.a.
3 year standard fixed rate less package discount
3.28% p.a. 3.99% p.a.
4 year standard fixed rate less package discount
4.09% p.a. 4.22% p.a.
5 year standard fixed rate less package discount
4.09% p.a. 4.25% p.a.
Interest Only
1 year standard fixed rate less package discount
4.59% p.a. 4.70% p.a.
2 year standard fixed rate less package discount
3.79% p.a. 4.58% p.a.
3 year standard fixed rate less package discount
3.89% p.a. 4.56% p.a.
4 year standard fixed rate less package discount
4.99% p.a. 4.91% p.a.
5 year standard fixed rate less package discount
5.09% p.a. 5.00% p.a.

Fixed Rates Investment Property Loan with Premier Advantage package#

Below are the Fixed Rate Home Loan interest rates available to fix or re-fix existing loans.

Get a 0.20% p.a. discount on Premier advantage Package# for balances above $150,000 (included in the below rates).  

Note that a discount may apply – please refer to your loan contract or call 132 558

Term Annual Rate Comparison Rate1
Principal and interest
1 year standard fixed rate less package discount 4.49% p.a. 4.65% p.a.
2 year standard fixed rate less package discount 3.59% p.a. 4.51% p.a.
3 year standard fixed rate less package discount 3.69% p.a. 4.48% p.a.
4 year standard fixed rate less package discount 4.79% p.a. 4.81% p.a.
5 year standard fixed rate less package discount 4.39% p.a. 4.69% p.a.
Interest only
1 year standard fixed rate less package discount 4.39% p.a. 4.87% p.a.
2 year standard fixed rate less package discount 3.89% p.a. 4.77% p.a.
3 year standard fixed rate less package discount 3.99% p.a. 4.75% p.a.
4 year standard fixed rate less package discount 5.09% p.a. 5.08% p.a.
5 year standard fixed rate less package discount 4.95% p.a. 5.07% p.a.

 

Variable Loans Owner Occupied Reference Rates

Below are the reference rates for Owner Occupied Home Loans.^

The reference rate is your variable interest rate before any discounts. To find out your reference rate, please refer to your loan contract or contact us on 132 558.

Term Annual Rate Comparison Rate1
Flexi First Rate 4.33% p.a. 4.38% p.a.
Flexi First Interest Only Rate 4.92% p.a. 4.97% p.a.
Variable Housing Rate
4.98% p.a. 5.12% p.a.
Variable Interest Only Housing Rate 5.57% p.a. 5.71% p.a.
Rocket Variable Rate 4.98% p.a. 5.12% p.a.
Rocket Interest Only Rate 5.57% p.a. 5.71% p.a.

Variable Loans Investor Reference Rates

Below are the reference rates for Investment Property Loans (Residential Investment).^

The reference rate is your variable interest rate before any discounts. To find out your reference rate, please refer to your loan contract or contact us on 132 558.

Term Annual Rate Comparison Rate1
Flexi First Investment Rate 4.88% p.a. 4.93% p.a.
Flexi First Interest Only Invest Rate 5.14% p.a. 5.19% p.a.
Investment Property Plan 2 Rate 5.53% p.a. 5.67% p.a.
Variable Interest Only Invest Rate 5.79% p.a. 5.93% p.a.
Rocket Investment Rate 5.53% p.a. 5.67% p.a.
Rocket Interest Only Invest Rate 5.79% p.a. 5.93% p.a
SMSF Investment Rate 5.59% p.a. 5.70% p.a
SMSF Interest Only Investment Rate 5.95% p.a. 6.06% p.a

Below are the reference rates for Line of Credit Loans

The reference rate is your variable interest rate before any discounts. To find out your reference rate, please refer to your loan contract or contact us on 132 558.

Variable interest rate for Equity Access Loan

Loan Annual Rate 
Equity Access – Plan 2 Rate 6.36% p.a.
Things you should know

Credit Criteria, fees and charges apply. Terms and conditions available on request. Based on Westpac's credit criteria, residential lending is not available for Non-Australian Resident borrowers.


Fixed rates:
Interest Rates displayed are for Australian residents only. The Bank will apply the fixed rate that is available at the loan settlement date. 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.


#Premier Advantage Package:
Conditions of Use and a $395 annual package fee applies. You must either hold or be approved for a Westpac Choice account in order to qualify and continue to receive the benefits of the Premier Advantage Package. Before deciding to acquire a Westpac Choice account, read the terms and conditions, and consider whether the product is right for you. 
Premier Advantage Package Conditions of Use (PDF 1MB)

^For sale products only.


1. Comparison rate:
 The comparison rate is based on a loan of $150,000 over the term of 25 years. WARNING: The 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.

 

2.  Special Offers

Credit criteria, fees, charges apply. Terms and conditions available on request. Based on Westpac's credit criteria, residential lending is not available for Non-Australian Resident borrowers.

Offer commences 19th September 2018. Special offers are only available on new Flexi First Option Home and Investment Loans. 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.
 

*Includes a 0.75% p.a. discount off our Flexi First Option Home Loan Principal & Interest  repayment Variable Rate for the life of loan. Interest rates are subject to change.

**Includes a 0.80%p.a. discount off our Flexi First Option Investment Property Loan Principal & Interest repayment Variable Rate for the life of loan. Interest rates are subject to change.

***Includes a 0.71% p.a. discount off our Flexi First Option Investment Property Loan Interest Only repayment Variable Rate for the life of loan. Interest rates are subject to change.