Home loan interest rates tables

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An existing loan

Rates for new owner occupier loans

Rates for LVRs over 70%
Rates for LVRs up to 70%

Rates for LVRs over 70%

Select a rate type:

Variable rate home loans (Principal & Interest repayments)

Flexi First Option Home Loan Basic loan	Variable rate	Comparison rate*
Special offer rate^{^}	2.19% p.a.	2.53% p.a.

Special offer rate includes a 1.99% p.a. discount for 2 years from loan settlement date reverting to a 1.59% p.a. discount thereafter^. Excludes internal refinances within Westpac Group.

Rocket Repay Home Loan Optional offset	Variable rate	Comparison rate*
Without Package	4.83% p.a.	4.97% p.a.
With Package^#	3.54% p.a.	3.94% p.a.

Our Premier Advantage Package offers a 1.29% p.a. interest rate discount and other product savings, for one $395 annual package fee^#. Available on loans over $150,000.

With our variable rate home loans:

Your interest rate could change throughout the life of your loan
You have the option to fix all or part of your loan anytime
You can make unlimited extra repayments.

With Principal & Interest repayments:

You will be repaying both principal loan amount and the interest
Your interest rate may be lower compared to Interest Only.

Variable rate home loans (Interest Only repayments)

Flexi First Option Home Loan Basic loan	Variable rate	Comparison rate*
Special offer rate^{^^}	4.24% p.a.	4.25% p.a.

Special offer rate includes a 0.53% p.a. discount for the life of the loan^{^^}. Excludes internal refinances within the Westpac Group.

Rocket Repay Home Loan Optional offset	Variable rate	Comparison rate*
Without Package	5.42% p.a.	5.56% p.a.
With Package^#	4.13% p.a.	4.52% p.a.
Equity Access Loan Loan type not available for applications from 30 September 2021 Line of credit	Variable rate	Comparison rate*
Without Package	6.21% p.a.	N/A
With Package^#	4.92% p.a.	N/A

Our Premier Advantage Package offers a 1.29% p.a. interest rate discount and other product savings, for one $395 annual package fee^#. Available on loans over $150,000.

With our variable rate home loans:

Your interest rate could change throughout the life of your loan
You have the option to fix all or part of your loan anytime
You can make unlimited extra repayments.

By repaying Interest Only during a 1-5 year term:

Your repayments will be lower (and then increase at the end of your Interest Only term, as your principal needs to be paid back in a shorter timeframe)
Your interest rate may be higher compared to Principal & Interest.

Fixed rate home loans (Principal & Interest repayments)

Our Premier Advantage Package offers a 0.20% p.a. interest rate discount and other product savings, for one $395 annual package fee^#. Available on loans over $150,000.

Fixed Options Home Loan

1 year fixed term	Fixed rate	Comparison rate*
Standard rate	3.09% p.a.	4.80% p.a.
With Package^#	2.89% p.a.	3.89% p.a.
2 year fixed term	Fixed rate	Comparison rate*
Standard rate	3.99% p.a.	4.81% p.a.
With Package^#	3.79% p.a.	3.99% p.a.
3 year fixed term	Fixed rate	Comparison rate*
Standard rate	4.49% p.a.	4.88% p.a.
With Package^#	4.29% p.a.	4.14% p.a.
4 year fixed term	Fixed rate	Comparison rate*
Standard rate	4.69% p.a.	4.92% p.a.
With Package^#	4.49% p.a.	4.26% p.a.
5 year fixed term	Fixed rate	Comparison rate*
Standard rate	4.89% p.a.	4.99% p.a.
With Package^#	4.69% p.a.	4.41% p.a.

With our fixed rate home loan you could:

Lock in your rate and repayments for 1-5 years
Make up to $30,000 in extra repayments in your fixed term, before break costs apply²
Redraw, with no redraw fee or minimum amount
Set up your loan so it’s split between fixed and variable.

With Principal & Interest repayments:

You will be repaying both principal loan amount and the interest
Your interest rate may be lower compared to Interest Only.

Fixed rate home loans (Interest Only repayments)

Our Premier Advantage Package offers a 0.20% p.a. interest rate discount and other product savings, for one $395 annual package fee^#. Available on loans over $150,000.

Fixed Options Home Loan

1 year fixed term	Fixed rate	Comparison rate*
Standard rate	4.54% p.a.	5.47% p.a.
With Package^#	4.34% p.a.	4.54% p.a.
2 year fixed term	Fixed rate	Comparison rate*
Standard rate	4.69% p.a.	5.42% p.a.
With Package^#	4.49% p.a.	4.58% p.a.
3 year fixed term	Fixed rate	Comparison rate*
Standard rate	5.09% p.a.	5.47% p.a.
With Package^#	4.89% p.a.	4.72% p.a.
4 year fixed term	Fixed rate	Comparison rate*
Standard rate	5.29% p.a.	5.51% p.a.
With Package^#	5.09% p.a.	4.85% p.a.
5 year fixed term	Fixed rate	Comparison rate*
Standard rate	5.39% p.a.	5.54% p.a.
With Package^#	5.19% p.a.	4.96% p.a.

With our fixed rate home loan you could:

Lock in your rate and repayments for 1-5 years
Make up to $30,000 in extra repayments in your fixed term, before break costs apply²
Redraw, with no redraw fee or minimum amount
Set up your loan so it’s split between fixed and variable.

By repaying Interest Only during a 1-5 year term:

Your repayments will be lower (and then increase at the end of your Interest Only term, as your principal needs to be paid back in a shorter timeframe)
Your interest rate may be higher compared to Principal & Interest.

Rates for LVRs up to 70%

You’ll get an extra 0.10% p.a. discount off our standard interest rate if you’re borrowing up to 70% of Westpac's property valuation. This LVR⁺ discount’s only available on new loans.

Select a rate type:

Variable rate home loans (Principal & Interest repayments)

The below rates include our 0.10% p.a. discount for LVRs⁺ of up to 70%.

Flexi First Option Home Loan Basic loan	Variable rate	Comparison rate*
Special offer rate^{^}	2.09% p.a.	2.43% p.a.

Special offer rate includes a 1.99% p.a. discount for 2 years from loan settlement date reverting to a 1.59% p.a. discount thereafter^. Excludes internal refinances within Westpac Group.

Rocket Repay Home Loan Optional offset	Variable rate	Comparison rate*
Without Package	4.73% p.a.	4.87% p.a.
With Package^#	3.44% p.a.	3.85% p.a.

Our Premier Advantage Package offers a 1.29% p.a. interest rate discount and other product savings, for one $395 annual package fee^#. Available on loans over $150,000.

With our variable rate home loans:

Your interest rate could change throughout the life of your loan
You have the option to fix all or part of your loan anytime
You can make unlimited extra repayments.

With Principal & Interest repayments:

You will be repaying both principal loan amount and the interest
Your interest rate may be lower compared to Interest Only.

Variable rate home loans (Interest Only repayments)

The below rates include our 0.10% p.a. discount for LVRs⁺ of up to 70%.

Flexi First Option Home Loan Basic loan	Variable rate	Comparison rate*
Special offer rate^{^^}	4.14% p.a.	4.15% p.a.

Special offer rate includes a 0.53% p.a. discount for the life of the loan^{^^}. Excludes internal refinances within the Westpac Group.

Rocket Repay Home Loan Optional offset	Variable rate	Comparison rate*
Without Package	5.32% p.a.	5.46% p.a.
With Package^#	4.03% p.a.	4.42% p.a.
Equity Access Loan Loan type not available for applications from 30 September 2021 Line of credit	Variable rate	Comparison rate*
Without Package	6.21% p.a.	N/A
With Package^#	4.92% p.a.	N/A

Our Premier Advantage Package offers a 1.29% p.a. interest rate discount and other product savings, for one $395 annual package fee^#. Available on loans over $150,000.

With our variable rate home loans:

Your interest rate could change throughout the life of your loan
You have the option to fix all or part of your loan anytime
You can make unlimited extra repayments.

By repaying Interest Only during a 1-5 year term:

Your repayments will be lower (and then increase at the end of your Interest Only term, as your principal needs to be paid back in a shorter timeframe)
Your interest rate may be higher compared to Principal & Interest.

Fixed rate home loans (Principal & Interest repayments)

Our Premier Advantage Package offers a 0.20% p.a. interest rate discount and other product savings, for one $395 annual package fee^#. Available on loans over $150,000.

An LVR discount⁺ of 0.10% p.a. will be applied to the standard rate for all new loans with an up to LVR 70%.

Fixed Options Home Loan

1 year fixed term	Fixed rate	Comparison rate*
Standard rate	3.09% p.a.	4.80% p.a.
With Package^# and LVR discount⁺	2.79% p.a.	3.79% p.a.
2 year fixed term	Fixed rate	Comparison rate*
Standard rate	3.99% p.a.	4.81% p.a.
With Package^# and LVR discount⁺	3.69% p.a.	3.89% p.a.
3 year fixed term	Fixed rate	Comparison rate*
Standard rate	4.49% p.a.	4.88% p.a.
With Package^# and LVR discount⁺	4.19% p.a.	4.04% p.a.
4 year fixed term	Fixed rate	Comparison rate*
Standard rate	4.69% p.a.	4.92% p.a.
With Package^# and LVR discount⁺	4.39% p.a.	4.16% p.a.
5 year fixed term	Fixed rate	Comparison rate*
Standard rate	4.89% p.a.	4.99% p.a.
With Package^# and LVR discount⁺	4.59% p.a.	4.31% p.a.

With our fixed rate home loan you could:

Lock in your rate and repayments for 1-5 years
Make up to $30,000 in extra repayments in your fixed term, before break costs apply²
Redraw, with no redraw fee or minimum amount
Set up your loan so it’s split between fixed and variable.

With Principal & Interest repayments:

You will be repaying both principal loan amount and the interest
Your interest rate may be lower compared to Interest Only.

Fixed rate home loans (Interest Only repayments)

Our Premier Advantage Package offers a 0.20% p.a. interest rate discount and other product savings, for one $395 annual package fee^#. Available on loans over $150,000.

An LVR discount⁺ of 0.10% p.a. will be applied to the standard rate for all new loans with an up to LVR 70%.

Fixed Options Home Loan

1 year fixed term	Fixed rate	Comparison rate*
Standard rate	4.54% p.a.	5.47% p.a.
With Package^# and LVR discount⁺	4.24% p.a.	4.44% p.a.
2 year fixed term	Fixed rate	Comparison rate*
Standard rate	4.69% p.a.	5.42% p.a.
With Package^# and LVR discount⁺	4.39% p.a.	4.49% p.a.
3 year fixed term	Fixed rate	Comparison rate*
Standard rate	5.09% p.a.	5.47% p.a.
With Package^# and LVR discount⁺	4.79% p.a.	4.62% p.a.
4 year fixed term	Fixed rate	Comparison rate*
Standard rate	5.29% p.a.	5.51% p.a.
With Package^# and LVR discount⁺	4.99% p.a.	4.75% p.a.
5 year fixed term	Fixed rate	Comparison rate*
Standard rate	5.39% p.a.	5.54% p.a.
With Package^# and LVR discount⁺	5.09% p.a.	4.86% p.a.

With our fixed rate home loan you could:

Lock in your rate and repayments for 1-5 years
Make up to $30,000 in extra repayments in your fixed term, before break costs apply²
Redraw, with no redraw fee or minimum amount
Set up your loan so it’s split between fixed and variable.

By repaying Interest Only during a 1-5 year term:

Your repayments will be lower (and then increase at the end of your Interest Only term, as your principal needs to be paid back in a shorter timeframe)
Your interest rate may be higher compared to Principal & Interest.

Rates for LVRs over 70%

Select a rate type:

Variable rate home loans (Principal & Interest repayments)

Flexi First Option Investment Property Loan Basic loan	Variable rate	Comparison rate*
Special offer rate^{^}	2.59% p.a.	2.93% p.a.

Special offer rate includes a 2.14% p.a. discount for 2 years from loan settlement date reverting to a 1.74% p.a. discount thereafter^. Excludes internal refinances within Westpac Group.

Rocket Investment Loan Optional offset	Variable rate	Comparison rate*
Without Package	5.38% p.a.	5.52% p.a.
With Package^#	4.09% p.a.	4.48% p.a.

Our Premier Advantage Package offers a 1.29% p.a. interest rate discount and other product savings, for one $395 annual package fee^#. Available on loans over $150,000.

With our variable rate home loans:

Your interest rate could change throughout the life of your loan
You have the option to fix all or part of your loan anytime
You can make unlimited extra repayments.

With Principal & Interest repayments:

You will be repaying both principal loan amount and the interest
Your interest rate may be lower compared to Interest Only.

Variable rate home loans (Interest Only repayments)

Flexi First Option Investment Property Loan Basic loan	Variable rate	Comparison rate*
Special offer rate^{^^}	2.89% p.a.	3.23% p.a.

Special offer rate includes a 2.10% p.a. discount for 2 years from loan settlement date reverting to a 1.70% p.a. discount thereafter^^. Excludes internal refinances within Westpac Group.

Rocket Investment Loan Optional offset	Variable rate	Comparison rate*
Without Package	5.64% p.a.	5.78% p.a.
With Package^#	4.35% p.a.	4.73% p.a.

Equity Access Loan Loan type not available for applications from 30 September 2021 Line of credit	Variable rate	Comparison rate *
Without Package	6.21% p.a.	N/A
With Package^#	4.92% p.a.	N/A

Our Premier Advantage Package offers a 1.29% p.a. interest rate discount and other product savings, for one $395 annual package fee^#. Available on loans over $150,000.

With our variable rate home loans:

Your interest rate could change throughout the life of your loan
You have the option to fix all or part of your loan anytime
You can make unlimited extra repayments.

By repaying Interest Only during a 1-5 year term:

Your repayments will be lower (and then increase at the end of your Interest Only term, as your principal needs to be paid back in a shorter timeframe)
Your interest rate may be higher compared to Principal & Interest.

Fixed rate home loans (Principal & Interest repayments)

Our Premier Advantage Package offers a 0.20% p.a. interest rate discount and other product savings, for one $395 annual package fee^#. Available on loans over $150,000.

Fixed Rate Investment Property Loan

1 year fixed term	Fixed rate	Comparison rate*
Standard rate	3.29% p.a.	5.31% p.a.
With Package^#	3.09% p.a.	4.39% p.a.
2 year fixed term	Fixed rate	Comparison rate*
Standard rate	4.19% p.a.	5.29% p.a.
With Package^#	3.99% p.a.	4.46% p.a.
3 year fixed term	Fixed rate	Comparison rate*
Standard rate	4.69% p.a.	5.33% p.a.
With Package^#	4.49% p.a.	4.59% p.a.
4 year fixed term	Fixed rate	Comparison rate*
Standard rate	4.99% p.a.	5.38% p.a.
With Package^#	4.79% p.a.	4.72% p.a.
5 year fixed term	Fixed rate	Comparison rate*
Standard rate	5.09% p.a.	5.39% p.a.
With Package^#	4.89% p.a.	4.81% p.a.

With our fixed rate home loan you could:

Lock in your rate and repayments for 1-5 years
Make up to $30,000 in extra repayments in your fixed term, before break costs apply²
Redraw, with no redraw fee or minimum amount
Set up your loan so it’s split between fixed and variable.

With Principal & Interest repayments:

You will be repaying both principal loan amount and the interest
Your interest rate may be lower compared to Interest Only.

Fixed rate home loans (Interest Only repayments)

Our Premier Advantage Package offers a 0.20% p.a. interest rate discount and other product savings, for one $395 annual package fee^#. Available on loans over $150,000.

Fixed Rate Investment Property Loan

1 year fixed term	Fixed rate	Comparison rate*
Standard rate	3.79% p.a.	5.59% p.a.
With Package^#	3.59% p.a.	4.66% p.a.
2 year fixed term	Fixed rate	Comparison rate*
Standard rate	4.49% p.a.	5.56% p.a.
With Package^#	4.29% p.a.	4.72% p.a.
3 year fixed term	Fixed rate	Comparison rate*
Standard rate	4.99% p.a.	5.60% p.a.
With Package^#	4.79% p.a.	4.85% p.a.
4 year fixed term	Fixed rate	Comparison rate*
Standard rate	5.29% p.a.	5.65% p.a.
With Package^#	5.09% p.a.	4.99% p.a.
5 year fixed term	Fixed rate	Comparison rate*
Standard rate	5.39% p.a.	5.67% p.a.
With Package^#	5.19% p.a.	5.08% p.a.

With our fixed rate home loan you could:

Lock in your rate and repayments for 1-5 years
Make up to $30,000 in extra repayments in your fixed term, before break costs apply²
Redraw, with no redraw fee or minimum amount
Set up your loan so it’s split between fixed and variable.

By repaying Interest Only during a 1-5 year term:

Your repayments will be lower (and then increase at the end of your Interest Only term, as your principal needs to be paid back in a shorter timeframe)
Your interest rate may be higher compared to Principal & Interest.

Fixed rate home loans (Interest Only in Advance repayments)

The below rates include a 0.20% p.a. discount for repaying Interest Only in Advance³.

Our Premier Advantage Package offers a 0.20% p.a. interest rate discount and other product savings, for one $395 annual package fee^#. Available on loans over $150,000.

Fixed Rate Investment Property Loan

1 year fixed term	Fixed rate	Comparison rate*
Standard rate	3.59%	5.57%
With Package^#	3.39%	4.64%
2 year fixed term	Fixed rate	Comparison rate*
Standard rate	4.29%	5.52%
With Package^#	4.09%	4.69%
3 year fixed term	Fixed rate	Comparison rate*
Standard rate	4.79%	5.54%
With Package^#	4.59%	4.80%
4 year fixed term	Fixed rate	Comparison rate*
Standard rate	5.09%	5.58%
With Package^#	4.89%	4.92%
5 year fixed term	Fixed rate	Comparison rate*
Standard rate	5.19%	5.58%
With Package^#	4.99%	5.00%

With our fixed rate home loan you could:

Lock in your rate and repayments for 1-5 years
Make up to $30,000 in extra repayments in your fixed term, before break costs apply²
Redraw, with no redraw fee or minimum amount
Set up your loan so it’s split between fixed and variable.

By repaying Interest Only in Advance during a 1-5 year term:

Interest Only in Advance is a repayment option that offers Fixed Rate Investment Property Loan customers an additional interest rate discount for paying 12 months interest in advance.
By prepaying interest, you can potentially reduce your tax liability for the coming financial year and conveniently consolidate interest repayments into one lump sum payment.

This is not financial advice: we recommend that you consult your financial adviser to determine the benefits which may be applicable.

Rates for LVRs up to 70%

You’ll get an extra 0.10% p.a. discount off our standard interest rate if you’re borrowing up to 70% of Westpac's property valuation. This LVR⁺ discount’s only available on new loans.

Select a rate type:

Variable rate home loans (Principal & Interest repayments)

The below rates include our 0.10% p.a. discount for LVRs⁺ of up to 70%.

Flexi First Option Investment Property Loan	Variable rate	Comparison rate*
Special offer rate^{^}	2.49% p.a.	2.83% p.a.

Special offer rate includes a 2.14% p.a. discount for 2 years from loan settlement date reverting to a 1.74% p.a. discount thereafter^. Excludes internal refinances within Westpac Group.

Rocket Investment Loan Optional offset	Variable rate	Comparison rate*
Without Package	5.28% p.a.	5.42% p.a.
With Package^#	3.99% p.a.	4.38% p.a.

Our Premier Advantage Package offers a 1.29% p.a. interest rate discount and other product savings, for one $395 annual package fee^#. Available on loans over $150,000.

With our variable rate home loans:

Your interest rate could change throughout the life of your loan
You have the option to fix all or part of your loan anytime
You can make unlimited extra repayments.

With Principal & Interest repayments:

You will be repaying both principal loan amount and the interest
Your interest rate may be lower compared to Interest Only.

Variable rate home loans (Interest Only repayments)

The below rates include our 0.10% p.a. discount for LVRs⁺ of up to 70%.

Flexi First Option Investment Property Loan Basic loan	Variable rate	Comparison rate*
Special offer rate^{^^}	2.79% p.a.	3.13% p.a.

Special offer rate includes a 2.10% p.a. discount for 2 years from loan settlement date reverting to a 1.70% p.a. discount thereafter^^. Excludes internal refinances within Westpac Group.

Rocket Investment Loan Optional offset	Variable rate	Comparison rate*
Without Package	5.54% p.a.	5.68% p.a.
With Package^#	4.25% p.a.	4.64% p.a.

Equity Access Loan Loan type not available for applications from 30 September 2021 Line of credit	Variable rate	Comparison rate*
Without Package	6.21% p.a.	N/A
With Package^#	4.92% p.a.	N/A

Our Premier Advantage Package offers a 1.29% p.a. interest rate discount and other product savings, for one $395 annual package fee^#. Available on loans over $150,000.

With our variable rate home loans:

Your interest rate could change throughout the life of your loan
You have the option to fix all or part of your loan anytime
You can make unlimited extra repayments.

By repaying Interest Only during a 1-5 year term:

Your repayments will be lower (and then increase at the end of your Interest Only term, as your principal needs to be paid back in a shorter timeframe)
Your interest rate may be higher compared to Principal & Interest.

Fixed rate home loans (Principal & Interest repayments)

Our Premier Advantage Package offers a 0.20% p.a. interest rate discount and other product savings, for one $395 annual package fee^#. Available on loans over $150,000.

An LVR discount⁺ of 0.10% p.a. will be applied to the standard rate for all new loans with an up to LVR 70%.

Fixed Rate Investment Property Loan

1 year fixed term	Fixed rate	Comparison rate*
Standard rate	3.29% p.a.	5.31% p.a.
With Package^# and LVR discount⁺	2.99% p.a.	4.29% p.a.
2 year fixed term	Fixed rate	Comparison rate*
Standard rate	4.19% p.a.	5.29% p.a.
With Package^# and LVR discount⁺	3.89% p.a.	4.37% p.a.
3 year fixed term	Fixed rate	Comparison rate*
Standard rate	4.69% p.a.	5.33% p.a.
With Package^# and LVR discount⁺	4.39% p.a.	4.49% p.a.
4 year fixed term	Fixed rate	Comparison rate*
Standard rate	4.99% p.a.	5.38% p.a.
With Package^# and LVR discount⁺	4.69% p.a.	4.62% p.a.
5 year fixed term	Fixed rate	Comparison rate*
Standard rate	5.09% p.a.	5.39% p.a.
With Package^# and LVR discount⁺	4.79% p.a.	4.71% p.a.

With our fixed rate home loan you could:

Lock in your rate and repayments for 1-5 years
Make up to $30,000 in extra repayments in your fixed term, before break costs apply²
Redraw, with no redraw fee or minimum amount
Set up your loan so it’s split between fixed and variable.

With Principal & Interest repayments:

You will be repaying both principal loan amount and the interest
Your interest rate may be lower compared to Interest Only.

Fixed rate home loans (Interest Only repayments)

Our Premier Advantage Package offers a 0.20% p.a. interest rate discount and other product savings, for one $395 annual package fee^#. Available on loans over $150,000.

An LVR discount⁺ of 0.10% p.a. will be applied to the standard rate for all new loans with an up to LVR 70%.

Fixed Rate Investment Property Loan

1 year fixed term	Fixed rate	Comparison rate*
Standard rate	3.79% p.a.	5.59% p.a.
With Package^# and LVR discount⁺	3.49% p.a.	4.57% p.a.
2 year fixed term	Fixed rate	Comparison rate*
Standard rate	4.49% p.a.	5.56% p.a.
With Package^# and LVR discount⁺	4.19% p.a.	4.63% p.a.
3 year fixed term	Fixed rate	Comparison rate*
Standard rate	4.99% p.a.	5.60% p.a.
With Package^# and LVR discount⁺	4.69% p.a.	4.75% p.a.
4 year fixed term	Fixed rate	Comparison rate*
Standard rate	5.29% p.a.	5.65% p.a.
With Package^# and LVR discount⁺	4.99% p.a.	4.89% p.a.
5 year fixed term	Fixed rate	Comparison rate*
Standard rate	5.39% p.a.	5.67% p.a.
With Package^# and LVR discount⁺	5.09% p.a.	4.98% p.a.

With our fixed rate home loan you could:

Lock in your rate and repayments for 1-5 years
Make up to $30,000 in extra repayments in your fixed term, before break costs apply²
Redraw, with no redraw fee or minimum amount
Set up your loan so it’s split between fixed and variable.

By repaying Interest Only during a 1-5 year term:

Your repayments will be lower (and then increase at the end of your Interest Only term, as your principal needs to be paid back in a shorter timeframe)
Your interest rate may be higher compared to Principal & Interest.

Fixed rate home loans (Interest Only in Advance repayments)

The below rates include a 0.20% p.a. discount for repaying Interest Only in Advance³.

Our Premier Advantage Package offers a 0.20% p.a. interest rate discount and other product savings, for one $395 annual package fee^#. Available on loans over $150,000.

An LVR discount⁺ of 0.10% p.a. will be applied to the standard rate for all new loans with an up to LVR 70%.

Fixed Rate Investment Property Loan

1 year fixed term	Fixed rate	Comparison rate*
Standard rate	3.59%	5.57%
With Package^# and LVR discount⁺	3.29%	4.55%
2 year fixed term	Fixed rate	Comparison rate*
Standard rate	4.29%	5.52%
With Package^# and LVR discount⁺	3.99%	4.59%
3 year fixed term	Fixed rate	Comparison rate*
Standard rate	4.79%	5.54%
With Package^# and LVR discount⁺	4.49%	4.70%
4 year fixed term	Fixed rate	Comparison rate*
Standard rate	5.09%	5.58%
With Package^# and LVR discount⁺	4.79%	4.82%
5 year fixed term	Fixed rate	Comparison rate*
Standard rate	5.19%	5.58%
With Package^# and LVR discount⁺	4.89%	4.90%

With our fixed rate home loan you could:

Lock in your rate and repayments for 1-5 years
Make up to $30,000 in extra repayments in your fixed term, before break costs apply²
Redraw, with no redraw fee or minimum amount
Set up your loan so it’s split between fixed and variable.

By repaying Interest Only in Advance during a 1-5 year term:

Interest Only in Advance is a repayment option that offers Fixed Rate Investment Property Loan customers an additional interest rate discount for paying 12 months interest in advance.
By prepaying interest, you can potentially reduce your tax liability for the coming financial year and conveniently consolidate interest repayments into one lump sum payment.

This is not financial advice: we recommend that you consult your financial adviser to determine the benefits which may be applicable.

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Rates for existing owner occupier loans

Select a rate type:

Variable rate home loans (Principal & Interest repayments)

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	Variable rate	Comparison rate*
Flexi First Rate	4.18% p.a.	4.23% p.a.
Variable Housing Rate	4.83% p.a.	4.97% p.a.
Rocket Variable Rate	4.83% p.a.	4.97% p.a.

Variable rate home loans (Interest Only repayments)

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	Interest rate	Comparison rate*
Flexi First Interest Only Rate	4.77% p.a.	4.82% p.a.
Variable Interest Only Housing Rate	5.42% p.a.	5.56% p.a.
Rocket Interest Only Rate	5.42% p.a.	5.56% p.a.
Equity Access – Plan 2 Rate	6.21% p.a.	N/A

Fixed rate home loans (Principal & Interest repayments)

Below are the fixed interest rates available to fix or re-fix existing loans.

Our Premier Advantage Package offers a 0.20% p.a. interest rate discount and other product savings, for one $395 annual package fee^#. Available on loans over $150,000.

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

1 year fixed term	Fixed rate	Comparison rate*
Standard rate	3.09% p.a.	4.80% p.a.
With Package^#	2.89% p.a.	3.89% p.a.
2 year fixed term	Fixed rate	Comparison rate*
Standard rate	3.99% p.a.	4.81% p.a.
With Package^#	3.79% p.a.	3.99% p.a.
3 year fixed term	Fixed rate	Comparison rate*
Standard rate	4.49% p.a.	4.88% p.a.
With Package^#	4.29% p.a.	4.14% p.a.
4 year fixed term	Fixed rate	Comparison rate*
Standard rate	4.69% p.a.	4.92% p.a.
With Package^#	4.49% p.a.	4.26% p.a.
5 year fixed term	Fixed rate	Comparison rate*
Standard rate	4.89% p.a.	4.99% p.a.
With Package^#	4.69% p.a.	4.41% p.a.

Learn more about our Fixed Options Home Loan

Fixed rate home loans (Interest Only repayments)

Below are the fixed interest rates available to fix or re-fix existing loans.

Our Premier Advantage Package offers a 0.20% p.a. interest rate discount and other product savings, for one $395 annual package fee^#. Available on loans over $150,000.

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

1 year fixed term	Fixed rate	Comparison rate*
Standard rate	4.54% p.a.	5.47% p.a.
With Package^#	4.34% p.a.	4.54% p.a.
2 year fixed term	Fixed rate	Comparison rate*
Standard rate	4.69% p.a.	5.42% p.a.
With Package^#	4.49% p.a.	4.58% p.a.
3 year fixed term	Fixed rate	Comparison rate*
Standard rate	5.09% p.a.	5.47% p.a.
With Package^#	4.89% p.a.	4.72% p.a.
4 year fixed term	Fixed rate	Comparison rate*
Standard rate	5.29% p.a.	5.51% p.a.
With Package^#	5.09% p.a.	4.85% p.a.
5 year fixed term	Fixed rate	Comparison rate*
Standard rate	5.39% p.a.	5.54% p.a.
With Package^#	5.19% p.a.	4.96% p.a.

Learn more about our Fixed Options Home Loan

Rates for existing investor loans

Select a rate type:

Variable rate home loans (Principal & Interest repayments)

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	Variable rate	Comparison rate*
Flexi First Investment Rate	4.73% p.a.	4.78% p.a.
Investment Property Plan 2 Rate	5.38% p.a.	5.52% p.a.
Rocket Investment Rate	5.38% p.a.	5.52% p.a.
SMSF Investment Rate	5.38% p.a.	5.49% p.a.

Variable rate home loans (Interest Only repayments)

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	Variable rate	Comparison rate*
Flexi First Interest Only Invest Rate	4.99% p.a.	5.04% p.a.
Variable Interest Only Invest Rate	5.64% p.a.	5.78% p.a.
Rocket Interest Only Invest Rate	5.64% p.a.	5.78% p.a.
SMSF Interest Only Investment Rate	5.64% p.a.	5.75% p.a.

Fixed rate home loans (Principal & Interest repayments)

Below are the fixed interest rates available to fix or re-fix existing loans.

Our Premier Advantage Package offers a 0.20% p.a. interest rate discount and other product savings, for one $395 annual package fee^#. Available on loans over $150,000.

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

1 year fixed term	Fixed rate	Comparison rate*
Standard rate	3.29% p.a.	5.31% p.a.
With Package^#	3.09% p.a.	4.39% p.a.
2 year fixed term	Fixed rate	Comparison rate*
Standard rate	4.19% p.a.	5.29% p.a.
With Package^#	3.99% p.a.	4.46% p.a.
3 year fixed term	Fixed rate	Comparison rate*
Standard rate	4.69% p.a.	5.33% p.a.
With Package^#	4.49% p.a.	4.59% p.a.
4 year fixed term	Fixed rate	Comparison rate*
Standard rate	4.99% p.a.	5.38% p.a.
With Package^#	4.79% p.a.	4.72% p.a.
5 year fixed term	Fixed rate	Comparison rate*
Standard rate	5.09% p.a.	5.39% p.a.
With Package^#	4.89% p.a.	4.81% p.a.

Learn more about our Fixed Rate Investment Property Loan

Fixed rate home loans (Interest Only repayments)

Below are the fixed interest rates available to fix or re-fix existing loans.

Our Premier Advantage Package offers a 0.20% p.a. interest rate discount and other product savings, for one $395 annual package fee^#. Available on loans over $150,000.

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

1 year fixed term	Fixed rate	Comparison rate*
Standard rate	3.79% p.a.	5.59% p.a.
With Package^#	3.59% p.a.	4.66% p.a.
2 year fixed term	Fixed rate	Comparison rate*
Standard rate	4.49% p.a.	5.56% p.a.
With Package^#	4.29% p.a.	4.72% p.a.
3 year fixed term	Fixed rate	Comparison rate*
Standard rate	4.99% p.a.	5.60% p.a.
With Package^#	4.79% p.a.	4.85% p.a.
4 year fixed term	Fixed rate	Comparison rate*
Standard rate	5.29% p.a.	5.65% p.a.
With Package^#	5.09% p.a.	4.99% p.a.
5 year fixed term	Fixed rate	Comparison rate*
Standard rate	5.39% p.a.	5.67% p.a.
With Package^#	5.19% p.a.	5.08% p.a.

Learn more about our Fixed Rate Investment Property Loan

Fixed rate home loans (Interest Only in Advance repayments)

Below are the fixed interest rates available to fix or re-fix existing loans, and include a 0.20% p.a. discount for repaying Interest Only in Advance³.

Our Premier Advantage Package offers a 0.20% p.a. interest rate discount and other product savings, for one $395 annual package fee^#. Available on loans over $150,000.

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

1 year fixed term	Fixed rate	Comparison rate*
Standard rate	3.59%	5.57%
With Package^#	3.39%	4.64%
2 year fixed term	Fixed rate	Comparison rate*
Standard rate	4.29%	5.52%
With Package^#	4.09%	4.69%
3 year fixed term	Fixed rate	Comparison rate*
Standard rate	4.79%	5.54%
With Package^#	4.59%	4.8%
4 year fixed term	Fixed rate	Comparison rate*
Standard rate	5.09%	5.58%
With Package^#	4.89%	4.92%
5 year fixed term	Fixed rate	Comparison rate*
Standard rate	5.19%	5.58%
With Package^#	4.99%	5%

Learn more about our Fixed Rate Investment Property Loan

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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.

Credit provided by Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714.

Interest rates are subject to change.

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.

⁺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.

^#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)

^*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.

^{^}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 17/05/2022. Includes a 1.99% p.a. discount for two years from the loan settlement date, at the end of the period it will revert to a 1.59% p.a. discount for the life of the loan.
For an investment property: Offer commences 17/05/2022. Includes a 2.14% p.a. discount for two years from the loan settlement date, at the end of the period it will revert to a 1.74% p.a. discount for the life of the loan.

^{^^}Flexi First Option special offer rates with Interest Only repayments

Special offers are only available on new Flexi First Option Home and Investment Loans with Interest Only 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 5/06/2020. Includes a 0.53% p.a. discount off our Flexi First Option Home Loan Variable Rate with Interest Only repayments for the life of loan. Interest rates are subject to change.
For an investment property: Offer commences 17/05/2022. Includes a 2.10% p.a. discount for two years from the loan settlement date, at the end of the period it will revert to a 1.70% p.a. discount for the life of loan.

Break costs on prepayments and switching: Customers can make total prepayments of up to $15,000 (cumulative) for loans fixed prior to 21 March 2009, $25,000 (cumulative) for loans fixed between 21 March 2009 and 16 March 2012 or $30,000 (cumulative) for loans fixed on or after 17 March 2012, without costs or fees applying. Prepayments exceeding this threshold may incur a break cost.
If at any time before the end of a fixed rate period you switch to another product, interest rate (fixed or variable) or repayment type, then a break cost may apply.

Interest Only in Advance: Interest must be paid in advance annually for each chosen fixed rate term to receive this rate. If after the first year of a fixed rate term interest is no longer paid in advance the Interest Only in Advance discount will be removed for subsequent years.
Interest Only in Advance Premier Advantage Package (PAP) customers receive a further 0.20% p.a. discount.
Interest Only in Advance interest rates are available on Fixed Rate Investment Property Loans with fixed rate terms of 1, 2, 3, 4 or 5 years.
Interest Only in Advance interest rates and discounts apply to new Fixed Rate Investment Property Loan and loans which have been switched into Interest Only in Advance products. Existing fixed loans are not eligible unless the loan is re-fixed. Interest Only in Advance discounts are subject to change.
Subject to Bank's approval. Normal lending criteria apply.
Other conditions, fees and charges apply.

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