Home Loans Comparison
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Interest rate - Principal and Interest
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Variable rate 5.24% p.a.1 |
Variable rate 5.79% p.a.
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Variable rate Special offer - for new loans7
3.59% p.a. (1 % p.a.* discount off Flexi First Option Home Loan variable interest rate with 0.15% p.a. ongoing discount)7
Existing loans 4.59% p.a.
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Variable rate Special offer - for new loans7
3.99% p.a. (1.15%** discount off Flexi First Option Home Loan variable interest rate with 0.22% p.a. ongoing discount)7
Existing loans 5.14% p.a. |
1 year 4.29% p.a. 2 years 4.09% p.a. 3 years 4.19% p.a. 4 years 4.49% p.a. 5 years 4.49% p.a. |
1 year 4.69% p.a. 2 years 4.39% p.a. 3 years 4.49% p.a. 4 years 4.99% p.a. 5 years 4.99% p.a. |
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Home loan comparison rate2 - Principal and Interest
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5.38% p.a. |
5.93% p.a. |
Special offer - for new loans
4.42% p.a*** (1 % p.a.* discount off Flexi First Option Home Loan variable interest rate with 0.15% p.a. ongoing discount)7
Existing loans 4.64% p.a.
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Special offer - for new loans
4.93% p.a*** (1.15%** discount off Flexi First Option Home Loan variable interest rate with 0.22% p.a. ongoing discount)7
Existing loans 5.19% p.a.
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1 yr 5.28% p.a.3 2 yr 5.16% p.a.3 3 yr 5.09% p.a.3 4 yr 5.12% p.a.3 5 yr 5.06% p.a.3 |
1 yr 5.82% p.a.3 2 yr 5.66% p.a.3 3 yr 5.57% p.a.3 4 yr 5.64% p.a.3 5 yr 5.58% p.a.3
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Interest rate - Interest Only
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Variable rate 5.83%1 |
Variable rate 6.30%
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Variable rate Special offer - for new loans7
4.47% p.a.*** (1 % p.a.* discount off Flexi First Option Home Loan variable interest rate with 0.35% p.a. ongoing discount)7
Existing loans 5.18% p.a.
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Variable rate Special offer - for new loans7
4.88% p.a. (0.77%p.a.** discount
Existing loans 5.65% 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 4.89% p.a. 2 years 4.65% p.a. 3 years 4.74% p.a. 4 years 5.29% p.a. |
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Home loan comparison rate - Interest only
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5.97% p.a. |
6.43% p.a. |
Special offer - for new loans
5.05% p.a *** (1 % p.a.* discount off Flexi First Option Home Loan variable interest rate with 0.35% p.a. ongoing discount)7
Existing loans 5.23% p.a.
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Special offer - for new loans
5.51% p.a*** (1.15%** discount off Flexi First Option Home Loan variable interest rate with 0.42% p.a. ongoing discount)7
Existing loans 5.7% p.a.
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1 yr 5.86% p.a.3 2 yr 5.75% p.a.3 3 yr 5.68% p.a.3 4 yr 5.74% p.a.3 5 yr 5.73% p.a.3 |
1 yr 6.29% p.a.3 2 yr 6.11% p.a.3 3 yr 6% p.a.3 4 yr 6.07% p.a.3 5 yr 6% p.a.3
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Home loan package4
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0.80% |
0.80% |
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0.20% discount on loans over $150,000 |
0.2% discount on loans over $150,000 |
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Loan establishment fee
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$600 |
$600 |
$600 |
$600 |
$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.
5. Other fees and charges apply.
6. Subject to Bank's approval.
7. Limited Time 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 14th November 2016. Offer is only available for a limited time and may be withdrawn at any time.
This special offer is only available on new Flexi First Option Home and Investment Loans with principal and interest and interest only repayments. Discounts do not apply to internal switches. Offer cannot be taken in conjunction with, or in addition to other special offers, negotiated rates or discounts. Not available to company and trust account holders.
*Includes a 1.00% p.a. discount off our Flexi First Option Home Loan Variable Rate for three years from loan settlement date reverting to a 0.15% p.a. discount off the then applicable variable Flexi First Option Home Loan interest rate for the remaining loan term. Interest rates are subject to change.
**Includes a 1.15%p.a. discount off our Flexi First Option Investment Loan Variable Rate for three years from loan settlement date reverting to a 0.22% p.a. discount off the then applicable variable Flexi First Option Investment Loan interest rate for the remaining loan term. Interest rates are subject to change.
***This comparison rate for the Flexi First Option Home and Investment Loan is based on a loan of $150,000 over a 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.