Home Loans Comparison
| How to apply | How to apply | How to apply | How to apply | How to apply | How to apply | |
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Interest rate - Principal and Interest
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Variable rate 5.38% p.a.1 |
Variable rate 5.93% p.a.
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Variable rate Special offer - for new loans7
3.98% p.a.*
Standard variable interest rate 4.73% p.a.
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Variable rate Special offer - for new loans7
4.48% p.a.**
Standard variable interest rate 5.28% p.a. |
1 year 4.29% p.a. 2 years 4.09% p.a. 3 years 4.09% p.a. 4 years 4.49% p.a. 5 years 4.29% p.a. |
1 year 4.69% p.a. 2 years 4.15% p.a. 3 years 4.39% p.a. 4 years 4.99% p.a. 5 years 4.69% p.a. |
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Home loan comparison rate2 - Principal and Interest
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5.52% p.a. |
6.07% p.a. |
Special offer comparison rate - new home loans7 3.99% p.a Standard variable comparison rate
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Special offer comparison rate - new home loans7 4.49% p.a
Standard variable comparison rate
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1 yr 5.41% p.a.3 2 yr 5.27% p.a.3 3 yr 5.17% p.a.3 4 yr 5.21% p.a.3 5 yr 5.06% p.a.3 |
1 yr 5.94% p.a.3 2 yr 5.72% p.a.3 3 yr 5.64% p.a.3 4 yr 5.73% p.a.3 5 yr 5.54% p.a.3
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Interest rate - Interest Only
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Variable rate 5.97% p.a.1 |
Variable rate 6.44% p.a.%
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Variable rate
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Variable rate Special offer - for new loans7
5.08% p.a.***
Standard variable interest rate 5.79% p.a. |
1 year 4.79% p.a. 2 years 4.69% p.a. 3 years 4.79% p.a. 4 years 5.19% p.a. 5 years 5.29% p.a. |
1 year 4.59% p.a. 2 years 4.35% p.a. 3 years 4.49% p.a. 4 years 5.29% p.a. |
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Home loan comparison rate2 - Interest only
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6.11% p.a. |
6.57% p.a. |
Special offer - for new loans 5.19% p.a
Standard variable comparison rate
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Special offer comparison rate - new home loans7 5.09% p.a Standard variable comparison rate
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1 yr 5.99% p.a.3 2 yr 5.86% p.a.3 3 yr 5.78% p.a.3 4 yr 5.83% p.a.3 5 yr 5.81% p.a.3 |
1 yr 6.38% p.a.3 2 yr 6.17% p.a.3 3 yr 6.03% p.a.3 4 yr 6.16% p.a.3 5 yr 6.02% p.a.3
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Home loan package4
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0.80% p.a. |
0.80% p.a. |
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0.20% p.a. discount on loans over $150,000 |
0.20 p.a.% discount on loans over $150,000 |
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Loan establishment fee
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$600 |
$600 |
Special offer No establishment fee – save $6007
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Special offer No establishment fee – save $6007
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$600 |
$600 |
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Combination loan establishment fee
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$600 |
$600 |
$600 |
$600 |
$600 |
$600 |
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Monthly loan maintenance fee
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$8
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$8
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$8
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$8
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Extra repayments6
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Up to $30,0003 in fixed rate period
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Up to $30,0003 in fixed rate period
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Interest only
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Redraw6
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$25 each
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$25 each
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$30,0003 maximum
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$30,0003 maximum
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Increase loan if you need additional funds6
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$400 each |
$400 each |
$350 each |
$350 each |
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Parental leave6
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Repayment holiday6
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Portability6
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$300 per move |
$300 per move |
$350 per move |
$350 per move |
$300 per move |
$300 per move |
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Progress draws (for construction)
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$300 covers all |
$300 covers all |
$95 per draw |
$95 per draw |
$300 covers all |
$300 covers all |
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Reduced repayments6
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100% offset
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Fixed rate lock in
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Up to $30,0003 in fixed rate period
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Combination loan
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Things you should know
1. Fees and charges and normal credit criteria apply. Interest rates and discounted margin are subject to change. Terms and Conditions apply and are available on request.
2. The comparison rate is based on a secured loan of $150,000 over a term of 25 years. WARNING: This comparison rate is true only for examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
3. 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.
4. Special rate discount applies only to full doc loans and includes the standard package discount of 0.70% p.a. for loans of $250,000 or more and 0.40% p.a. for loans between $150,000 and $249,999 (annual package fee applies, currently $395). The discount is not applicable to Flexi First Option Home Loan and Flexi First Option Investment Property Loan.
6. Subject to Bank's approval.
7. Special Offer
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.