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- Help me choose a home loan
Help me choose a home loan
Answer a few questions, and our home loan selector will match up some options.
Freedom? Certainty? A bit of both? Based on what you tell us, we'll match home loan features to help you choose the right home loan.
Whether it's a new loan, or you’re just making sure that your current Westpac home loan’s still the best match.
What would you like to do?
Do you want unlimited fee-free extra repayments and redraws?
What matters to you the most?
What matters to you the most?
Which Westpac home loan would you like to review?
Do you want unlimited fee-free extra repayments and redraws?
What matters to you the most?
What matters to you the most?
Do you want unlimited fee-free extra repayments and redraws?
What matters to you the most?
What matters to you the most?
How long until your fixed term ends?
Do you want unlimited fee-free extra repayments and redraws?
What matters to you the most?
What matters to you the most?
Do you want unlimited fee-free extra repayments and redraws?
What matters to you the most?
What matters to you the most?
Your options
Basic variable home loan
You'll get
- Our flexi variable rate
- No application, establishment, annual or monthly fees
- Unlimited extra repayments and redraw, no redraw1 fee
- Construction option
- Option: lower your min repayments if interest rate goes down
- Option: no fee to switch to 1-5 years’ Interest Only2 (investors 1-10 years)
- Only available for new loans
Bear in mind
- Package and offset account unavailable
- Interest rate could go up, impacting min repayments
Split home loan (basic with packaged fixed)
You'll get
- Variable rate freedom: our flexi variable rate; no application, establishment, monthly or annual fees; unlimited extra repayments; option to reduce min repayments if rates fall
- Fixed rate certainty: package interest rate discount ($395 annual package fee#); rate and min repayments set 1-5 years; up to $30k in extra repayments during term; optional investor Interest Only in Advance (0.2% p.a. rate discount)3
- Redraw all extra repayments, no redraw fee1
- No loan establishment, monthly or annual fees when you package your fixed loan ($395 annual package fee#)
- Multiple fixed and variable loan accounts
- Option: reduce interest by moving extra repayments into whichever fixed or variable loan has the higher interest rate (fixed loan break cost+ if you prepay over $30k)
- Option: 1-5 year Interest Only2 (investors 1-10 years)
- Construction option
Bear in mind
- Variable portion: interest rate could go up, impacting your min repayments
- Fixed portion: if market interest rates go down, your rate will stay the same; fixed loan break cost+ if you prepay over $30k; $600 establishment fee (unless packaged, $395 annual package fee#)
- No offset account
Your options
Variable home loan with offset
You'll get
- Unlimited extra repayments and redraw, no redraw fee1
- Option: offset account4 to help reduce your mortgage interest
- Option: package savings ($395 annual package fee applies#)
- Option: lower your min repayments if interest rate goes down
- Option: no fee to switch to 1-5 years’ Interest Only2 (investors 1-10 years)
- Construction option
- Option: more than one loan account, each linked to its own offset
Bear in mind
- $600 establishment fee (unless packaged, $395 annual package fee#)
- Interest rate could go up, impacting min repayments
Split home loan (with offset option)
You'll get
- Variable rate freedom: optional offset account4; option to reduce min repayments if rates go down; option for more than one loan account, each linked to its own offset
- Fixed rate certainty: rate and min repayments set 1-5 years; up to $30k in extra repayments during term; optional investor Interest Only in Advance (0.2% p.a. rate discount)3
- Redraw all extra repayments, no redraw fee1
- Option: reduce interest by moving extra repayments into whichever fixed or variable loan has the higher interest rate (fixed loan break cost+ if you prepay over $30k)
- Option: all-in-one package savings ($395 annual package fee applies#)
- Option: 1-5 year Interest Only2 (investors 1-10 years)
- Construction option
Bear in mind
- Variable portion: interest rate could go up, impacting your min repayments
- Fixed portion: if market interest rates go down, your rate won’t change; offset only available on your variable loan; fixed loan break cost+ if you prepay over $30k
- $600 establishment fee (unless packaged, $395 annual package fee#)
Your options
Split home loan (with offset option)
You'll get
- Variable rate freedom: optional offset account4; option to reduce min repayments if rates go down; option for more than one loan account, each linked to its own offset
- Fixed rate certainty: rate and min repayments set 1-5 years; up to $30k in extra repayments during term; optional investor Interest Only in Advance (0.2% p.a. rate discount)3
- Redraw all extra repayments, no redraw fee1
- Option: reduce interest by moving extra repayments into whichever fixed or variable loan has the higher interest rate (fixed loan break cost+ if you prepay over $30k)
- Option: all-in-one package savings ($395 annual package fee applies#)
- Option: 1-5 year Interest Only2 (investors 1-10 years)
- Construction option
Bear in mind
- Variable portion: interest rate could go up, impacting your min repayments
- Fixed portion: if market interest rates go down, your rate won’t change; offset only available on your variable loan; fixed loan break cost+ if you prepay over $30k
- $600 establishment fee (unless packaged, $395 annual package fee#)
Split home loan (basic with packaged fixed)
You'll get
- Variable rate freedom: our flexi variable rate; no application, establishment, monthly or annual fees; unlimited extra repayments; option to reduce min repayments if rates fall
- Fixed rate certainty: package interest rate discount ($395 annual package fee#); rate and min repayments set 1-5 years; up to $30k in extra repayments during term; optional investor Interest Only in Advance (0.2% p.a. rate discount)3
- Redraw all extra repayments, no redraw fee1
- No loan establishment, monthly or annual fees when you package your fixed loan ($395 annual package fee#)
- Multiple fixed and variable loan accounts
- Option: reduce interest by moving extra repayments into whichever fixed or variable loan has the higher interest rate (fixed loan break cost+ if you prepay over $30k)
- Option: 1-5 year Interest Only2 (investors 1-10 years)
- Construction option
Bear in mind
- Variable portion: interest rate could go up, impacting your min repayments
- Fixed portion: if market interest rates go down, your rate will stay the same; fixed loan break cost+ if you prepay over $30k; $600 establishment fee (unless packaged, $395 annual package fee#)
- No offset account
Your options
Basic variable home loan
You'll get
- Our flexi variable rate
- No application, establishment, annual or monthly fees
- Unlimited extra repayments and redraw, no redraw1 fee
- Construction option
- Option: lower your min repayments if interest rate goes down
- Option: no fee to switch to 1-5 years’ Interest Only2 (investors 1-10 years)
- Only available for new loans
Bear in mind
- Package and offset account unavailable
- Interest rate could go up, impacting min repayments
Split home loan (basic with packaged fixed)
You'll get
- Variable rate freedom: our flexi variable rate; no application, establishment, monthly or annual fees; unlimited extra repayments; option to reduce min repayments if rates fall
- Fixed rate certainty: package interest rate discount ($395 annual package fee#); rate and min repayments set 1-5 years; up to $30k in extra repayments during term; optional investor Interest Only in Advance (0.2% p.a. rate discount)3
- Redraw all extra repayments, no redraw fee1
- No loan establishment, monthly or annual fees when you package your fixed loan ($395 annual package fee#)
- Multiple fixed and variable loan accounts
- Option: reduce interest by moving extra repayments into whichever fixed or variable loan has the higher interest rate (fixed loan break cost+ if you prepay over $30k)
- Option: 1-5 year Interest Only2 (investors 1-10 years)
- Construction option
Bear in mind
- Variable portion: interest rate could go up, impacting your min repayments
- Fixed portion: if market interest rates go down, your rate will stay the same; fixed loan break cost+ if you prepay over $30k; $600 establishment fee (unless packaged, $395 annual package fee#)
- No offset account
Your options
Fixed home loan
You'll get
- Rate and min repayments set for 1-5 years
- Make cost-free extra repayments up to $30k during your term
- Redraw all extra repayments anytime, no redraw fee1
- Option: package savings ($395 annual package fee applies#)
- Construction option
- Option: 1-5 year Interest Only2 (investors 1-10 years)
- Option: investor Interest Only in Advance (0.2% p.a. rate discount)3
Bear in mind
- Potential break cost+ if you sell, prepay over $30k or change your loan during your fixed term
- $600 establishment fee, unless packaged ($395 annual package fee#)
- Your rate/repayments won’t change if interest rates go down
Split home loan (with offset option)
You'll get
- Variable rate freedom: optional offset account4; option to reduce min repayments if rates go down; option for more than one loan account, each linked to its own offset
- Fixed rate certainty: rate and min repayments set 1-5 years; up to $30k in extra repayments during term; optional investor Interest Only in Advance (0.2% p.a. rate discount)3
- Redraw all extra repayments, no redraw fee1
- Option: reduce interest by moving extra repayments into whichever fixed or variable loan has the higher interest rate (fixed loan break cost+ if you prepay over $30k)
- Option: all-in-one package savings ($395 annual package fee applies#)
- Option: 1-5 year Interest Only2 (investors 1-10 years)
- Construction option
Bear in mind
- Variable portion: interest rate could go up, impacting your min repayments
- Fixed portion: if market interest rates go down, your rate won’t change; offset only available on your variable loan; fixed loan break cost+ if you prepay over $30k
- $600 establishment fee (unless packaged, $395 annual package fee#)
Variable home loan with offset
You'll get
- Unlimited extra repayments and redraw, no redraw fee1
- Option: offset account4 to help reduce your mortgage interest
- Option: package savings ($395 annual package fee applies#)
- Option: lower your min repayments if interest rate goes down
- Option: no fee to switch to 1-5 years’ Interest Only2 (investors 1-10 years)
- Construction option
- Option: more than one loan account, each linked to its own offset
Bear in mind
- $600 establishment fee (unless packaged, $395 annual package fee#)
- Interest rate could go up, impacting min repayments
Your options
Fixed home loan
You'll get
- Rate and min repayments set for 1-5 years
- Make cost-free extra repayments up to $30k during your term
- Redraw all extra repayments anytime, no redraw fee1
- Option: package savings ($395 annual package fee applies#)
- Construction option
- Option: 1-5 year Interest Only2 (investors 1-10 years)
- Option: investor Interest Only in Advance (0.2% p.a. rate discount)3
Bear in mind
- Potential break cost+ if you sell, prepay over $30k or change your loan during your fixed term
- $600 establishment fee, unless packaged ($395 annual package fee#)
- Your rate/repayments won’t change if interest rates go down
Split home loan (basic with packaged fixed)
You'll get
- Variable rate freedom: our flexi variable rate; no application, establishment, monthly or annual fees; unlimited extra repayments; option to reduce min repayments if rates fall
- Fixed rate certainty: package interest rate discount ($395 annual package fee#); rate and min repayments set 1-5 years; up to $30k in extra repayments during term; optional investor Interest Only in Advance (0.2% p.a. rate discount)3
- Redraw all extra repayments, no redraw fee1
- No loan establishment, monthly or annual fees when you package your fixed loan ($395 annual package fee#)
- Multiple fixed and variable loan accounts
- Option: reduce interest by moving extra repayments into whichever fixed or variable loan has the higher interest rate (fixed loan break cost+ if you prepay over $30k)
- Option: 1-5 year Interest Only2 (investors 1-10 years)
- Construction option
Bear in mind
- Variable portion: interest rate could go up, impacting your min repayments
- Fixed portion: if market interest rates go down, your rate will stay the same; fixed loan break cost+ if you prepay over $30k; $600 establishment fee (unless packaged, $395 annual package fee#)
- No offset account
Your options
Staying on your Flexi First Option basic variable home loan
You'll get
- Our flexi variable rate
- No annual or monthly fees
- Unlimited extra repayments and redraw, no redraw1 fee
- Option: lower your min repayments if interest rate goes down
- Option: no fee to switch to 1-5 years’ Interest Only2 (investors 1-10 years)
- Construction option
Bear in mind
- Package and offset account unavailable
- Interest rate could go up, impacting min repayments
Thanks for choosing Westpac
We love having you around. So if your life’s evolved over the years, we're on hand to review your variable interest rate.
Splitting your basic home loan with a packaged fixed rate
You'll get
- Fixed rate certainty: package interest rate discount ($395 annual package fee#); rate and min repayments set 1-5 years; up to $30k in extra repayments during term; optional investor Interest Only in Advance (0.2% p.a. rate discount)3
- Variable rate freedom: our flexi variable rate; no application, establishment, monthly or annual fees; unlimited extra repayments; option to reduce min repayments if rates fall
- Redraw all extra repayments, no redraw fee1
- No loan monthly or annual fees when you package your fixed loan ($395 annual package fee#)
- Option: reduce interest by moving extra repayments into whichever fixed or variable loan has the higher interest rate (fixed loan break cost+ if you prepay over $30k)
- Option: 1-5 year Interest Only2 (investors 1-10 years)
- Multiple separate fixed and variable loan accounts
- Construction option
Bear in mind
- New fixed portion: if market interest rates go down, your rate will stay the same; fixed loan break cost+ if you prepay over $30k
- Variable portion: interest rate could go up, impacting your min repayments
- No offset account
Thanks for choosing Westpac
We love having you around. So if your life’s changed over the years, we're on hand to review your variable interest rate.
Your options
Upgrading to our packaged Rocket variable loan with offset
You'll get
- No fee to change to this loan
- Unlimited extra repayments and redraw, no redraw1 fee
- Option: package savings ($395 annual package fee applies#)
- Option: offset account4 to help reduce your mortgage interest
- Option: lower your min repayments if interest rate goes down
- Option: no fee to switch to 1-5 years’ Interest Only2 (investors 1-10 years)
- Option: more than one loan account, each linked to its own offset
- Construction option
Bear in mind
- This loan’s interest rate is higher than your Flexi First Option rate
- Monthly loan account fee (unless packaged, $395 annual package fee#)
- Variable interest rates could go up, impacting min repayments
Thanks for choosing Westpac
We love having you around. So if your life’s evolved over the years, we're on hand to review your variable interest rate.
Upgrading to our Rocket variable with offset, then splitting
You'll get
- No fee to change to this loan or split
- Variable rate freedom: optional offset account4; option to reduce min repayments if rates go down
- Fixed rate certainty: rate and min repayments set 1-5 years; up to $30k in extra repayments during term; optional investor Interest Only in Advance (0.2% p.a. rate discount)3
- Redraw all extra repayments anytime, no redraw fee1
- Option: reduce interest by moving extra repayments into whichever fixed or variable loan has the higher interest rate (fixed loan break cost+ if you prepay over $30k)
- Option: all-in-one package savings ($395 annual package fee applies#)
- Option: 1-5 year Interest Only2 (investors 1-10 years)
- Option: multiple fixed and variable accounts, with each variable linked to its own offset
- Construction option
Bear in mind
- Variable portion: this loan’s interest rate is higher than your Flexi First Option rate; interest rate could go up, impacting your min repayments
- Fixed portion: if market interest rates go down, your rate won’t change; offset only available on your variable loan; fixed loan break cost+ if you prepay over $30k
- Monthly loan account fee (unless packaged, $395 annual package fee#)
Thanks for choosing Westpac
We love having you around. So if your life’s changed over the years, we're on hand to review your variable interest rate.
Your options
Staying on your Flexi First Option basic variable home loan
You'll get
- Our flexi variable rate
- No annual or monthly fees
- Unlimited extra repayments and redraw, no redraw1 fee
- Option: lower your min repayments if interest rate goes down
- Option: no fee to switch to 1-5 years’ Interest Only2 (investors 1-10 years)
- Construction option
Bear in mind
- Package and offset account unavailable
- Interest rate could go up, impacting min repayments
Thanks for choosing Westpac
We love having you around. So if your life’s evolved over the years, we're on hand to review your variable interest rate.
Splitting your basic home loan with a packaged fixed rate
You'll get
- Fixed rate certainty: package interest rate discount ($395 annual package fee#); rate and min repayments set 1-5 years; up to $30k in extra repayments during term; optional investor Interest Only in Advance (0.2% p.a. rate discount)3
- Variable rate freedom: our flexi variable rate; no application, establishment, monthly or annual fees; unlimited extra repayments; option to reduce min repayments if rates fall
- Redraw all extra repayments, no redraw fee1
- No loan monthly or annual fees when you package your fixed loan ($395 annual package fee#)
- Option: reduce interest by moving extra repayments into whichever fixed or variable loan has the higher interest rate (fixed loan break cost+ if you prepay over $30k)
- Option: 1-5 year Interest Only2 (investors 1-10 years)
- Multiple separate fixed and variable loan accounts
- Construction option
Bear in mind
- New fixed portion: if market interest rates go down, your rate will stay the same; fixed loan break cost+ if you prepay over $30k
- Variable portion: interest rate could go up, impacting your min repayments
- No offset account
Thanks for choosing Westpac
We love having you around. So if your life’s changed over the years, we're on hand to review your variable interest rate.
Your options
Staying on your Flexi First Option basic variable home loan
You'll get
- Our flexi variable rate
- No annual or monthly fees
- Unlimited extra repayments and redraw, no redraw1 fee
- Option: lower your min repayments if interest rate goes down
- Option: no fee to switch to 1-5 years’ Interest Only2 (investors 1-10 years)
- Construction option
Bear in mind
- Package and offset account unavailable
- Interest rate could go up, impacting min repayments
Thanks for choosing Westpac
We love having you around. So if your life’s evolved over the years, we're on hand to review your variable interest rate.
Splitting your basic home loan with a packaged fixed rate
You'll get
- Fixed rate certainty: package interest rate discount ($395 annual package fee#); rate and min repayments set 1-5 years; up to $30k in extra repayments during term; optional investor Interest Only in Advance (0.2% p.a. rate discount)3
- Variable rate freedom: our flexi variable rate; no application, establishment, monthly or annual fees; unlimited extra repayments; option to reduce min repayments if rates fall
- Redraw all extra repayments, no redraw fee1
- No loan monthly or annual fees when you package your fixed loan ($395 annual package fee#)
- Option: reduce interest by moving extra repayments into whichever fixed or variable loan has the higher interest rate (fixed loan break cost+ if you prepay over $30k)
- Option: 1-5 year Interest Only2 (investors 1-10 years)
- Multiple separate fixed and variable loan accounts
- Construction option
Bear in mind
- New fixed portion: if market interest rates go down, your rate will stay the same; fixed loan break cost+ if you prepay over $30k
- Variable portion: interest rate could go up, impacting your min repayments
- No offset account
Thanks for choosing Westpac
We love having you around. So if your life’s changed over the years, we're on hand to review your variable interest rate.
Your options
Fixing all of your variable rate loan
You'll get
- No fee to change to a fixed rate
- Rate and min repayments set for 1-5 years
- Make extra repayments up to $30k during your term
- Redraw all extra repayments, no redraw fee1
- Option: package savings ($395 annual package fee applies#)
- Option: 1-5 year Interest Only2 (investors 1-10 years)
- Option: investor Interest Only in Advance (0.2% p.a. rate discount)3
- Construction option (speak with a lender)
Bear in mind
- Before fixing, you’ll need to consider what to do with any redraw funds available in your variable home loan account, and any funds in a linked offset account
- There may be a break cost+ if you sell your home, prepay over $30k or adjust your loan within your fixed term
- Your rate/repayments won’t change if interest rates go down
- Offset unavailable
Thanks for choosing Westpac
We love having you around. So if your life’s evolved over the years, we're on hand to review your variable interest rate.
Upgrading to our Rocket variable with offset, then splitting
You'll get
- No fee to change to this loan or split
- Variable rate freedom: optional offset account4; option to reduce min repayments if rates go down
- Fixed rate certainty: rate and min repayments set 1-5 years; up to $30k in extra repayments during term; optional investor Interest Only in Advance (0.2% p.a. rate discount)3
- Redraw all extra repayments anytime, no redraw fee1
- Option: reduce interest by moving extra repayments into whichever fixed or variable loan has the higher interest rate (fixed loan break cost+ if you prepay over $30k)
- Option: all-in-one package savings ($395 annual package fee applies#)
- Option: 1-5 year Interest Only2 (investors 1-10 years)
- Option: multiple fixed and variable accounts, with each variable linked to its own offset
- Construction option
Bear in mind
- Variable portion: this loan’s interest rate is higher than your Flexi First Option rate; interest rate could go up, impacting your min repayments
- Fixed portion: if market interest rates go down, your rate won’t change; offset only available on your variable loan; fixed loan break cost+ if you prepay over $30k
- Monthly loan account fee (unless packaged, $395 annual package fee#)
Thanks for choosing Westpac
We love having you around. So if your life’s changed over the years, we're on hand to review your variable interest rate.
Upgrading to our packaged Rocket variable loan with offset
You'll get
- No fee to change to this loan
- Unlimited extra repayments and redraw, no redraw1 fee
- Option: package savings ($395 annual package fee applies#)
- Option: offset account4 to help reduce your mortgage interest
- Option: lower your min repayments if interest rate goes down
- Option: no fee to switch to 1-5 years’ Interest Only2 (investors 1-10 years)
- Option: more than one loan account, each linked to its own offset
- Construction option
Bear in mind
- This loan’s interest rate is higher than your Flexi First Option rate
- Monthly loan account fee (unless packaged, $395 annual package fee#)
- Variable interest rates could go up, impacting min repayments
Thanks for choosing Westpac
We love having you around. So if your life’s evolved over the years, we're on hand to review your variable interest rate.
Your options
Fixing all of your variable rate loan
You'll get
- No fee to change to a fixed rate
- Rate and min repayments set for 1-5 years
- Make extra repayments up to $30k during your term
- Redraw all extra repayments, no redraw fee1
- Option: package savings ($395 annual package fee applies#)
- Option: 1-5 year Interest Only2 (investors 1-10 years)
- Option: investor Interest Only in Advance (0.2% p.a. rate discount)3
- Construction option (speak with a lender)
Bear in mind
- Before fixing, you’ll need to consider what to do with any redraw funds available in your variable home loan account, and any funds in a linked offset account
- There may be a break cost+ if you sell your home, prepay over $30k or adjust your loan within your fixed term
- Your rate/repayments won’t change if interest rates go down
- Offset unavailable
Thanks for choosing Westpac
We love having you around. So if your life’s evolved over the years, we're on hand to review your variable interest rate.
Upgrading to our Rocket variable with offset, then splitting
You'll get
- No fee to change to this loan or split
- Variable rate freedom: optional offset account4; option to reduce min repayments if rates go down
- Fixed rate certainty: rate and min repayments set 1-5 years; up to $30k in extra repayments during term; optional investor Interest Only in Advance (0.2% p.a. rate discount)3
- Redraw all extra repayments anytime, no redraw fee1
- Option: reduce interest by moving extra repayments into whichever fixed or variable loan has the higher interest rate (fixed loan break cost+ if you prepay over $30k)
- Option: all-in-one package savings ($395 annual package fee applies#)
- Option: 1-5 year Interest Only2 (investors 1-10 years)
- Option: multiple fixed and variable accounts, with each variable linked to its own offset
- Construction option
Bear in mind
- Variable portion: this loan’s interest rate is higher than your Flexi First Option rate; interest rate could go up, impacting your min repayments
- Fixed portion: if market interest rates go down, your rate won’t change; offset only available on your variable loan; fixed loan break cost+ if you prepay over $30k
- Monthly loan account fee (unless packaged, $395 annual package fee#)
Thanks for choosing Westpac
We love having you around. So if your life’s changed over the years, we're on hand to review your variable interest rate.
Splitting your basic home loan with a packaged fixed rate
You'll get
- Fixed rate certainty: package interest rate discount ($395 annual package fee#); rate and min repayments set 1-5 years; up to $30k in extra repayments during term; optional investor Interest Only in Advance (0.2% p.a. rate discount)3
- Variable rate freedom: our flexi variable rate; no application, establishment, monthly or annual fees; unlimited extra repayments; option to reduce min repayments if rates fall
- Redraw all extra repayments, no redraw fee1
- No loan monthly or annual fees when you package your fixed loan ($395 annual package fee#)
- Option: reduce interest by moving extra repayments into whichever fixed or variable loan has the higher interest rate (fixed loan break cost+ if you prepay over $30k)
- Option: 1-5 year Interest Only2 (investors 1-10 years)
- Multiple separate fixed and variable loan accounts
- Construction option
Bear in mind
- New fixed portion: if market interest rates go down, your rate will stay the same; fixed loan break cost+ if you prepay over $30k
- Variable portion: interest rate could go up, impacting your min repayments
- No offset account
Thanks for choosing Westpac
We love having you around. So if your life’s changed over the years, we're on hand to review your variable interest rate.
Your options
Staying on your Rocket variable with offset
You'll get
- Unlimited extra repayments and redraw, no redraw fee1
- Option: offset account4 to help reduce your mortgage interest
- Option: package savings ($395 annual package fee applies#)
- Option: lower your min repayments if interest rate goes down
- Option: no fee to switch to 1-5 years’ Interest Only2 (investors 1-10 years)
- Option: more than one loan account, each linked to its own offset
- Construction option
Bear in mind
- Interest rate could go up, impacting min repayments
Thanks for choosing Westpac
We love having you around. So if your life’s evolved over the years, we're on hand to review your variable interest rate.
Split – fixing some of your Rocket variable rate
You'll get
- No fee to split your loan
- Variable rate freedom: optional offset account4; option to reduce min repayments if rates go down
- Fixed rate certainty: rate and min repayments set 1-5 years; up to $30k in extra repayments during term; optional investor Interest Only in Advance (0.2% p.a. rate discount)3
- Redraw all extra repayments, no redraw fee1
- Option: multiple fixed and variable accounts, with each variable linked to its own offset
- Option: reduce interest by moving extra repayments into whichever fixed or variable loan has the higher interest rate (fixed loan break cost+ if you prepay over $30k)
- Option: all-in-one package savings ($395 annual package fee applies#)
- Option: 1-5 year Interest Only2 (investors 1-10 years)
- Construction option
Bear in mind
- Variable portion: interest rate could go up, impacting your min repayments
- Fixed portion: if market interest rates go down, your rate won’t change; offset only available on your variable loan; fixed loan break cost+ if you prepay over $30k
- Monthly loan account fee (unless packaged, $395 annual package fee#)
Thanks for choosing Westpac
We love having you around. So if your life’s changed over the years, we're on hand to review your variable interest rate.
Your options
Staying on your Rocket variable with offset
You'll get
- Unlimited extra repayments and redraw, no redraw fee1
- Option: offset account4 to help reduce your mortgage interest
- Option: package savings ($395 annual package fee applies#)
- Option: lower your min repayments if interest rate goes down
- Option: no fee to switch to 1-5 years’ Interest Only2 (investors 1-10 years)
- Option: more than one loan account, each linked to its own offset
- Construction option
Bear in mind
- Interest rate could go up, impacting min repayments
Thanks for choosing Westpac
We love having you around. So if your life’s evolved over the years, we're on hand to review your variable interest rate.
Split – fixing some of your Rocket variable rate
You'll get
- No fee to split your loan
- Variable rate freedom: optional offset account4; option to reduce min repayments if rates go down
- Fixed rate certainty: rate and min repayments set 1-5 years; up to $30k in extra repayments during term; optional investor Interest Only in Advance (0.2% p.a. rate discount)3
- Redraw all extra repayments, no redraw fee1
- Option: multiple fixed and variable accounts, with each variable linked to its own offset
- Option: reduce interest by moving extra repayments into whichever fixed or variable loan has the higher interest rate (fixed loan break cost+ if you prepay over $30k)
- Option: all-in-one package savings ($395 annual package fee applies#)
- Option: 1-5 year Interest Only2 (investors 1-10 years)
- Construction option
Bear in mind
- Variable portion: interest rate could go up, impacting your min repayments
- Fixed portion: if market interest rates go down, your rate won’t change; offset only available on your variable loan; fixed loan break cost+ if you prepay over $30k
- Monthly loan account fee (unless packaged, $395 annual package fee#)
Thanks for choosing Westpac
We love having you around. So if your life’s changed over the years, we're on hand to review your variable interest rate.
Your option
Split – fixing some of your Rocket variable rate
You'll get
- No fee to split your loan
- Variable rate freedom: optional offset account4; option to reduce min repayments if rates go down
- Fixed rate certainty: rate and min repayments set 1-5 years; up to $30k in extra repayments during term; optional investor Interest Only in Advance (0.2% p.a. rate discount)3
- Redraw all extra repayments, no redraw fee1
- Option: multiple fixed and variable accounts, with each variable linked to its own offset
- Option: reduce interest by moving extra repayments into whichever fixed or variable loan has the higher interest rate (fixed loan break cost+ if you prepay over $30k)
- Option: all-in-one package savings ($395 annual package fee applies#)
- Option: 1-5 year Interest Only2 (investors 1-10 years)
- Construction option
Bear in mind
- Variable portion: interest rate could go up, impacting your min repayments
- Fixed portion: if market interest rates go down, your rate won’t change; offset only available on your variable loan; fixed loan break cost+ if you prepay over $30k
- Monthly loan account fee (unless packaged, $395 annual package fee#)
Thanks for choosing Westpac
We love having you around. So if your life’s changed over the years, we're on hand to review your variable interest rate.
Your options
Staying on your Rocket variable with offset
You'll get
- Unlimited extra repayments and redraw, no redraw fee1
- Option: offset account4 to help reduce your mortgage interest
- Option: package savings ($395 annual package fee applies#)
- Option: lower your min repayments if interest rate goes down
- Option: no fee to switch to 1-5 years’ Interest Only2 (investors 1-10 years)
- Option: more than one loan account, each linked to its own offset
- Construction option
Bear in mind
- Interest rate could go up, impacting min repayments
Thanks for choosing Westpac
We love having you around. So if your life’s evolved over the years, we're on hand to review your variable interest rate.
Split – fixing some of your Rocket variable rate
You'll get
- No fee to split your loan
- Variable rate freedom: optional offset account4; option to reduce min repayments if rates go down
- Fixed rate certainty: rate and min repayments set 1-5 years; up to $30k in extra repayments during term; optional investor Interest Only in Advance (0.2% p.a. rate discount)3
- Redraw all extra repayments, no redraw fee1
- Option: multiple fixed and variable accounts, with each variable linked to its own offset
- Option: reduce interest by moving extra repayments into whichever fixed or variable loan has the higher interest rate (fixed loan break cost+ if you prepay over $30k)
- Option: all-in-one package savings ($395 annual package fee applies#)
- Option: 1-5 year Interest Only2 (investors 1-10 years)
- Construction option
Bear in mind
- Variable portion: interest rate could go up, impacting your min repayments
- Fixed portion: if market interest rates go down, your rate won’t change; offset only available on your variable loan; fixed loan break cost+ if you prepay over $30k
- Monthly loan account fee (unless packaged, $395 annual package fee#)
Thanks for choosing Westpac
We love having you around. So if your life’s changed over the years, we're on hand to review your variable interest rate.
Your options
Split – fixing some of your Rocket variable rate
You'll get
- No fee to split your loan
- Variable rate freedom: optional offset account4; option to reduce min repayments if rates go down
- Fixed rate certainty: rate and min repayments set 1-5 years; up to $30k in extra repayments during term; optional investor Interest Only in Advance (0.2% p.a. rate discount)3
- Redraw all extra repayments, no redraw fee1
- Option: multiple fixed and variable accounts, with each variable linked to its own offset
- Option: reduce interest by moving extra repayments into whichever fixed or variable loan has the higher interest rate (fixed loan break cost+ if you prepay over $30k)
- Option: all-in-one package savings ($395 annual package fee applies#)
- Option: 1-5 year Interest Only2 (investors 1-10 years)
- Construction option
Bear in mind
- Variable portion: interest rate could go up, impacting your min repayments
- Fixed portion: if market interest rates go down, your rate won’t change; offset only available on your variable loan; fixed loan break cost+ if you prepay over $30k
- Monthly loan account fee (unless packaged, $395 annual package fee#)
Thanks for choosing Westpac
We love having you around. So if your life’s changed over the years, we're on hand to review your variable interest rate.
Fixing all of your variable rate loan
You'll get
- No fee to change to a fixed rate
- Rate and min repayments set for 1-5 years
- Make extra repayments up to $30k during your term
- Redraw all extra repayments, no redraw fee1
- Option: package savings ($395 annual package fee applies#)
- Option: 1-5 year Interest Only2 (investors 1-10 years)
- Option: investor Interest Only in Advance (0.2% p.a. rate discount)3
- Construction option (speak with a lender)
Bear in mind
- Before fixing, you’ll need to consider what to do with any redraw funds available in your variable home loan account, and any funds in a linked offset account
- There may be a break cost+ if you sell your home, prepay over $30k or adjust your loan within your fixed term
- Your rate/repayments won’t change if interest rates go down
- Offset unavailable
Thanks for choosing Westpac
We love having you around. So if your life’s evolved over the years, we're on hand to review your variable interest rate.
Your options
Fixing all of your variable rate loan
You'll get
- No fee to change to a fixed rate
- Rate and min repayments set for 1-5 years
- Make extra repayments up to $30k during your term
- Redraw all extra repayments, no redraw fee1
- Option: package savings ($395 annual package fee applies#)
- Option: 1-5 year Interest Only2 (investors 1-10 years)
- Option: investor Interest Only in Advance (0.2% p.a. rate discount)3
- Construction option (speak with a lender)
Bear in mind
- Before fixing, you’ll need to consider what to do with any redraw funds available in your variable home loan account, and any funds in a linked offset account
- There may be a break cost+ if you sell your home, prepay over $30k or adjust your loan within your fixed term
- Your rate/repayments won’t change if interest rates go down
- Offset unavailable
Thanks for choosing Westpac
We love having you around. So if your life’s evolved over the years, we're on hand to review your variable interest rate.
Split – fixing some of your Rocket variable rate
You'll get
- No fee to split your loan
- Variable rate freedom: optional offset account4; option to reduce min repayments if rates go down
- Fixed rate certainty: rate and min repayments set 1-5 years; up to $30k in extra repayments during term; optional investor Interest Only in Advance (0.2% p.a. rate discount)3
- Redraw all extra repayments, no redraw fee1
- Option: multiple fixed and variable accounts, with each variable linked to its own offset
- Option: reduce interest by moving extra repayments into whichever fixed or variable loan has the higher interest rate (fixed loan break cost+ if you prepay over $30k)
- Option: all-in-one package savings ($395 annual package fee applies#)
- Option: 1-5 year Interest Only2 (investors 1-10 years)
- Construction option
Bear in mind
- Variable portion: interest rate could go up, impacting your min repayments
- Fixed portion: if market interest rates go down, your rate won’t change; offset only available on your variable loan; fixed loan break cost+ if you prepay over $30k
- Monthly loan account fee (unless packaged, $395 annual package fee#)
Thanks for choosing Westpac
We love having you around. So if your life’s changed over the years, we're on hand to review your variable interest rate.
Your options
Rolling onto our Rocket variable loan with offset
You'll get
- No fee to roll onto this loan
- Unlimited extra repayments and redraw, no redraw fee1
- Option: offset account4 to help reduce your mortgage interest
- Option: package savings ($395 annual package fee applies#)
- Option: lower your min repayments if interest rate goes down
- Option: no fee to switch to 1-5 years’ Interest Only2 (investors 1-10 years)
- Option: more than one loan account, each linked to its own offset
- Construction option
Bear in mind
- There may be a break cost+ if you move to this loan from your fixed loan, more than 8 weeks before your fixed term ends
- Interest Only in Advance3 isn’t available on variable investment home loans
- Variable interest rate could rise or fall, impacting your minimum repayments
Thanks for choosing Westpac
We love having you around. So if your life’s changed over the years, we're on hand to review your variable interest rate.
Fixed expiry split with Rocket variable (optional offset)
You'll get
- No fee to split once you’ve rolled onto this variable loan
- Variable rate freedom: optional offset account4 option to reduce min repayments if rates go down
- Fixed rate certainty: rate and min repayments set 1-5 years; up to $30k in cost-free extra repayments during term; optional investor Interest Only in Advance (0.2% p.a. rate discount)3
- Redraw all extra repayments, no redraw fee1
- Option: multiple fixed and variable accounts, with each variable linked to its own offset
- Option: reduce interest by moving extra repayments into whichever fixed or variable loan has the higher interest rate (fixed loan break cost+ if you prepay over $30k)
- Option: all-in-one package savings ($395 annual package fee applies#)
- Option: 1-5 year Interest Only2 (investors 1-10 years)
- Construction option
Bear in mind
- Variable portion: interest rate could go up, impacting your min repayments
- Fixed portion: if market interest rates go down, your rate won’t change; offset only available on your variable loan; fixed loan break cost+ if you prepay over $30k
- Monthly loan account fee (unless packaged, $395 annual package fee#)
Thanks for choosing Westpac
We love having you around. So if your life’s changed over the years, we're on hand to review your variable interest rate.
Your options
Rolling onto our Rocket variable loan with offset
You'll get
- No fee to roll onto this loan
- Unlimited extra repayments and redraw, no redraw fee1
- Option: offset account4 to help reduce your mortgage interest
- Option: package savings ($395 annual package fee applies#)
- Option: lower your min repayments if interest rate goes down
- Option: no fee to switch to 1-5 years’ Interest Only2 (investors 1-10 years)
- Option: more than one loan account, each linked to its own offset
- Construction option
Bear in mind
- There may be a break cost+ if you move to this loan from your fixed loan, more than 8 weeks before your fixed term ends
- Interest Only in Advance3 isn’t available on variable investment home loans
- Variable interest rate could rise or fall, impacting your minimum repayments
Thanks for choosing Westpac
We love having you around. So if your life’s changed over the years, we're on hand to review your variable interest rate.
Fixed expiry split with Rocket variable (optional offset)
You'll get
- No fee to split once you’ve rolled onto this variable loan
- Variable rate freedom: optional offset account4 option to reduce min repayments if rates go down
- Fixed rate certainty: rate and min repayments set 1-5 years; up to $30k in cost-free extra repayments during term; optional investor Interest Only in Advance (0.2% p.a. rate discount)3
- Redraw all extra repayments, no redraw fee1
- Option: multiple fixed and variable accounts, with each variable linked to its own offset
- Option: reduce interest by moving extra repayments into whichever fixed or variable loan has the higher interest rate (fixed loan break cost+ if you prepay over $30k)
- Option: all-in-one package savings ($395 annual package fee applies#)
- Option: 1-5 year Interest Only2 (investors 1-10 years)
- Construction option
Bear in mind
- Variable portion: interest rate could go up, impacting your min repayments
- Fixed portion: if market interest rates go down, your rate won’t change; offset only available on your variable loan; fixed loan break cost+ if you prepay over $30k
- Monthly loan account fee (unless packaged, $395 annual package fee#)
Thanks for choosing Westpac
We love having you around. So if your life’s changed over the years, we're on hand to review your variable interest rate.
Your option
Fixed expiry split with Rocket variable (optional offset)
You'll get
- No fee to split once you’ve rolled onto this variable loan
- Variable rate freedom: optional offset account4 option to reduce min repayments if rates go down
- Fixed rate certainty: rate and min repayments set 1-5 years; up to $30k in cost-free extra repayments during term; optional investor Interest Only in Advance (0.2% p.a. rate discount)3
- Redraw all extra repayments, no redraw fee1
- Option: multiple fixed and variable accounts, with each variable linked to its own offset
- Option: reduce interest by moving extra repayments into whichever fixed or variable loan has the higher interest rate (fixed loan break cost+ if you prepay over $30k)
- Option: all-in-one package savings ($395 annual package fee applies#)
- Option: 1-5 year Interest Only2 (investors 1-10 years)
- Construction option
Bear in mind
- Variable portion: interest rate could go up, impacting your min repayments
- Fixed portion: if market interest rates go down, your rate won’t change; offset only available on your variable loan; fixed loan break cost+ if you prepay over $30k
- Monthly loan account fee (unless packaged, $395 annual package fee#)
Thanks for choosing Westpac
We love having you around. So if your life’s changed over the years, we're on hand to review your variable interest rate.
Your options
Fixed expiry split with Rocket variable (optional offset)
You'll get
- No fee to split once you’ve rolled onto this variable loan
- Variable rate freedom: optional offset account4 option to reduce min repayments if rates go down
- Fixed rate certainty: rate and min repayments set 1-5 years; up to $30k in cost-free extra repayments during term; optional investor Interest Only in Advance (0.2% p.a. rate discount)3
- Redraw all extra repayments, no redraw fee1
- Option: multiple fixed and variable accounts, with each variable linked to its own offset
- Option: reduce interest by moving extra repayments into whichever fixed or variable loan has the higher interest rate (fixed loan break cost+ if you prepay over $30k)
- Option: all-in-one package savings ($395 annual package fee applies#)
- Option: 1-5 year Interest Only2 (investors 1-10 years)
- Construction option
Bear in mind
- Variable portion: interest rate could go up, impacting your min repayments
- Fixed portion: if market interest rates go down, your rate won’t change; offset only available on your variable loan; fixed loan break cost+ if you prepay over $30k
- Monthly loan account fee (unless packaged, $395 annual package fee#)
Thanks for choosing Westpac
We love having you around. So if your life’s changed over the years, we're on hand to review your variable interest rate.
Rolling onto our Rocket variable loan with offset
You'll get
- No fee to roll onto this loan
- Unlimited extra repayments and redraw, no redraw fee1
- Option: offset account4 to help reduce your mortgage interest
- Option: package savings ($395 annual package fee applies#)
- Option: lower your min repayments if interest rate goes down
- Option: no fee to switch to 1-5 years’ Interest Only2 (investors 1-10 years)
- Option: more than one loan account, each linked to its own offset
- Construction option
Bear in mind
- There may be a break cost+ if you move to this loan from your fixed loan, more than 8 weeks before your fixed term ends
- Interest Only in Advance3 isn’t available on variable investment home loans
- Variable interest rate could rise or fall, impacting your minimum repayments
Thanks for choosing Westpac
We love having you around. So if your life’s changed over the years, we're on hand to review your variable interest rate.
Your options
Fixed expiry split with Rocket variable (optional offset)
You'll get
- No fee to split once you’ve rolled onto this variable loan
- Variable rate freedom: optional offset account4 option to reduce min repayments if rates go down
- Fixed rate certainty: rate and min repayments set 1-5 years; up to $30k in cost-free extra repayments during term; optional investor Interest Only in Advance (0.2% p.a. rate discount)3
- Redraw all extra repayments, no redraw fee1
- Option: multiple fixed and variable accounts, with each variable linked to its own offset
- Option: reduce interest by moving extra repayments into whichever fixed or variable loan has the higher interest rate (fixed loan break cost+ if you prepay over $30k)
- Option: all-in-one package savings ($395 annual package fee applies#)
- Option: 1-5 year Interest Only2 (investors 1-10 years)
- Construction option
Bear in mind
- Variable portion: interest rate could go up, impacting your min repayments
- Fixed portion: if market interest rates go down, your rate won’t change; offset only available on your variable loan; fixed loan break cost+ if you prepay over $30k
- Monthly loan account fee (unless packaged, $395 annual package fee#)
Thanks for choosing Westpac
We love having you around. So if your life’s changed over the years, we're on hand to review your variable interest rate.
Re-fixing your home loan
You'll get
- Rate and min repayments set for 1-5 years
- Make cost-free extra repayments up to $30k during your term
- Redraw all extra repayments, no redraw fee1
- Option: package savings ($395 annual package fee applies#)
- Option: 1-5 year Interest Only2 (investors 1-10 years)
- Option: investor Interest Only in Advance (0.2% p.a. rate discount)3
Bear in mind
- Potential break cost+ if you sell, prepay over $30k or change your loan more than 8 weeks before your fixed term ends
- Your rate/repayments won’t change if interest rates go down
- Offset unavailable
Rolling onto our Rocket variable loan with offset
You'll get
- No fee to roll onto this loan
- Unlimited extra repayments and redraw, no redraw fee1
- Option: offset account4 to help reduce your mortgage interest
- Option: package savings ($395 annual package fee applies#)
- Option: lower your min repayments if interest rate goes down
- Option: no fee to switch to 1-5 years’ Interest Only2 (investors 1-10 years)
- Option: more than one loan account, each linked to its own offset
- Construction option
Bear in mind
- There may be a break cost+ if you move to this loan from your fixed loan, more than 8 weeks before your fixed term ends
- Interest Only in Advance3 isn’t available on variable investment home loans
- Variable interest rate could rise or fall, impacting your minimum repayments
Thanks for choosing Westpac
We love having you around. So if your life’s changed over the years, we're on hand to review your variable interest rate.
Your options
Re-fixing your home loan
You'll get
- Rate and min repayments set for 1-5 years
- Make cost-free extra repayments up to $30k during your term
- Redraw all extra repayments, no redraw fee1
- Option: package savings ($395 annual package fee applies#)
- Option: 1-5 year Interest Only2 (investors 1-10 years)
- Option: investor Interest Only in Advance (0.2% p.a. rate discount)3
Bear in mind
- Potential break cost+ if you sell, prepay over $30k or change your loan more than 8 weeks before your fixed term ends
- Your rate/repayments won’t change if interest rates go down
- Offset unavailable
Fixed expiry split with Rocket variable (optional offset)
You'll get
- No fee to split once you’ve rolled onto this variable loan
- Variable rate freedom: optional offset account4 option to reduce min repayments if rates go down
- Fixed rate certainty: rate and min repayments set 1-5 years; up to $30k in cost-free extra repayments during term; optional investor Interest Only in Advance (0.2% p.a. rate discount)3
- Redraw all extra repayments, no redraw fee1
- Option: multiple fixed and variable accounts, with each variable linked to its own offset
- Option: reduce interest by moving extra repayments into whichever fixed or variable loan has the higher interest rate (fixed loan break cost+ if you prepay over $30k)
- Option: all-in-one package savings ($395 annual package fee applies#)
- Option: 1-5 year Interest Only2 (investors 1-10 years)
- Construction option
Bear in mind
- Variable portion: interest rate could go up, impacting your min repayments
- Fixed portion: if market interest rates go down, your rate won’t change; offset only available on your variable loan; fixed loan break cost+ if you prepay over $30k
- Monthly loan account fee (unless packaged, $395 annual package fee#)
Thanks for choosing Westpac
We love having you around. So if your life’s changed over the years, we're on hand to review your variable interest rate.
Your options
Break cost – changing to our Rocket variable with offset
You'll get
- No switching fee to change to this loan
- Unlimited extra repayments and redraw, no redraw1 fee
- Option: offset account4 to help reduce your mortgage interest
- Option: package savings ($395 annual package fee applies#)
- Option: lower your min repayments if interest rate goes down
- Option: no fee to switch to 1-5 years’ Interest Only2 (investors 1-10 years)
- Option: more than one loan account, each linked to its own offset
- Construction option
Bear in mind
- There may be a break cost+ if you move to this loan from your fixed loan, more than 8 weeks before your fixed term ends
- Interest Only in Advance3 isn’t available on variable investment home loans
- Variable interest rate could rise or fall, impacting your minimum repayments
Would you like a break cost quote?
To change your Westpac fixed rate to a variable rate more than 8 weeks before your fixed term expires, please request a break cost quote. And if your life’s evolved over the years, we can also review the variable interest rate.
Break cost – splitting with our Rocket variable with offset
You'll get
- No fee to split your loan
- Variable rate freedom: optional offset account4; option to reduce min repayments if rates go down
- Fixed rate certainty: rate and min repayments set 1-5 years; up to $30k in extra repayments during term; optional investor Interest Only in Advance (0.2% p.a. rate discount)3
- Redraw all extra repayments, no redraw fee1
- Option: multiple fixed and variable accounts, with each variable linked to its own offset
- Option: reduce interest by moving extra repayments into whichever fixed or variable loan has the higher interest rate (fixed loan break cost+ if you prepay over $30k)
- Option: all-in-one package savings ($395 annual package fee applies#)
- Option: 1-5 year Interest Only2 (investors 1-10 years)
- Construction option
Bear in mind
- There may be a break cost+ if you move to this loan from your fixed loan, more than 8 weeks before your fixed term ends
- Variable portion: interest rate could rise or fall, your min repayments will likely fluctuate
- Fixed portion: potential break cost+ if you split your loan or prepay over $30k; if market interest rates go down your rate won’t change; offset only available on your variable loan
- Monthly loan account fee (unless packaged, $395 annual package fee#)
Would you like a break cost quote?
To split your Westpac fixed rate more than 8 weeks before your fixed term expires, please request a break cost quote. And if your life’s changed over the years, we can also review the variable interest rate.
Your options
Break cost – splitting with our Rocket variable with offset
You'll get
- No fee to split your loan
- Variable rate freedom: optional offset account4; option to reduce min repayments if rates go down
- Fixed rate certainty: rate and min repayments set 1-5 years; up to $30k in extra repayments during term; optional investor Interest Only in Advance (0.2% p.a. rate discount)3
- Redraw all extra repayments, no redraw fee1
- Option: multiple fixed and variable accounts, with each variable linked to its own offset
- Option: reduce interest by moving extra repayments into whichever fixed or variable loan has the higher interest rate (fixed loan break cost+ if you prepay over $30k)
- Option: all-in-one package savings ($395 annual package fee applies#)
- Option: 1-5 year Interest Only2 (investors 1-10 years)
- Construction option
Bear in mind
- There may be a break cost+ if you move to this loan from your fixed loan, more than 8 weeks before your fixed term ends
- Variable portion: interest rate could rise or fall, your min repayments will likely fluctuate
- Fixed portion: potential break cost+ if you split your loan or prepay over $30k; if market interest rates go down your rate won’t change; offset only available on your variable loan
- Monthly loan account fee (unless packaged, $395 annual package fee#)
Would you like a break cost quote?
To split your Westpac fixed rate more than 8 weeks before your fixed term expires, please request a break cost quote. And if your life’s changed over the years, we can also review the variable interest rate.
Break cost – changing to our Rocket variable with offset
You'll get
- No switching fee to change to this loan
- Unlimited extra repayments and redraw, no redraw1 fee
- Option: offset account4 to help reduce your mortgage interest
- Option: package savings ($395 annual package fee applies#)
- Option: lower your min repayments if interest rate goes down
- Option: no fee to switch to 1-5 years’ Interest Only2 (investors 1-10 years)
- Option: more than one loan account, each linked to its own offset
- Construction option
Bear in mind
- There may be a break cost+ if you move to this loan from your fixed loan, more than 8 weeks before your fixed term ends
- Interest Only in Advance3 isn’t available on variable investment home loans
- Variable interest rate could rise or fall, impacting your minimum repayments
Would you like a break cost quote?
To change your Westpac fixed rate to a variable rate more than 8 weeks before your fixed term expires, please request a break cost quote. And if your life’s evolved over the years, we can also review the variable interest rate.
Your option
Break cost – splitting with our Rocket variable with offset
You'll get
- No fee to split your loan
- Variable rate freedom: optional offset account4; option to reduce min repayments if rates go down
- Fixed rate certainty: rate and min repayments set 1-5 years; up to $30k in extra repayments during term; optional investor Interest Only in Advance (0.2% p.a. rate discount)3
- Redraw all extra repayments, no redraw fee1
- Option: multiple fixed and variable accounts, with each variable linked to its own offset
- Option: reduce interest by moving extra repayments into whichever fixed or variable loan has the higher interest rate (fixed loan break cost+ if you prepay over $30k)
- Option: all-in-one package savings ($395 annual package fee applies#)
- Option: 1-5 year Interest Only2 (investors 1-10 years)
- Construction option
Bear in mind
- There may be a break cost+ if you move to this loan from your fixed loan, more than 8 weeks before your fixed term ends
- Variable portion: interest rate could rise or fall, your min repayments will likely fluctuate
- Fixed portion: potential break cost+ if you split your loan or prepay over $30k; if market interest rates go down your rate won’t change; offset only available on your variable loan
- Monthly loan account fee (unless packaged, $395 annual package fee#)
Would you like a break cost quote?
To split your Westpac fixed rate more than 8 weeks before your fixed term expires, please request a break cost quote. And if your life’s changed over the years, we can also review the variable interest rate.
Your options
Staying on your fixed rate (to avoid a break cost)
You'll get
- Rate and min repayments set for 1-5 years
- Make cost-free extra repayments up to $30k during your term
- Redraw all extra repayments, no redraw fee1
- Option: package savings ($395 annual package fee applies#)
Bear in mind
- Potential break cost+ if you sell, prepay over $30k or change your loan more than 8 weeks before your fixed term ends
- Your rate/repayments won’t change if interest rates go down
- Offset unavailable
Break cost – changing to our Rocket variable with offset
You'll get
- No switching fee to change to this loan
- Unlimited extra repayments and redraw, no redraw1 fee
- Option: offset account4 to help reduce your mortgage interest
- Option: package savings ($395 annual package fee applies#)
- Option: lower your min repayments if interest rate goes down
- Option: no fee to switch to 1-5 years’ Interest Only2 (investors 1-10 years)
- Option: more than one loan account, each linked to its own offset
- Construction option
Bear in mind
- There may be a break cost+ if you move to this loan from your fixed loan, more than 8 weeks before your fixed term ends
- Interest Only in Advance3 isn’t available on variable investment home loans
- Variable interest rate could rise or fall, impacting your minimum repayments
Would you like a break cost quote?
To change your Westpac fixed rate to a variable rate more than 8 weeks before your fixed term expires, please request a break cost quote. And if your life’s evolved over the years, we can also review the variable interest rate.
Break cost – splitting with our Rocket variable with offset
You'll get
- No fee to split your loan
- Variable rate freedom: optional offset account4; option to reduce min repayments if rates go down
- Fixed rate certainty: rate and min repayments set 1-5 years; up to $30k in extra repayments during term; optional investor Interest Only in Advance (0.2% p.a. rate discount)3
- Redraw all extra repayments, no redraw fee1
- Option: multiple fixed and variable accounts, with each variable linked to its own offset
- Option: reduce interest by moving extra repayments into whichever fixed or variable loan has the higher interest rate (fixed loan break cost+ if you prepay over $30k)
- Option: all-in-one package savings ($395 annual package fee applies#)
- Option: 1-5 year Interest Only2 (investors 1-10 years)
- Construction option
Bear in mind
- There may be a break cost+ if you move to this loan from your fixed loan, more than 8 weeks before your fixed term ends
- Variable portion: interest rate could rise or fall, your min repayments will likely fluctuate
- Fixed portion: potential break cost+ if you split your loan or prepay over $30k; if market interest rates go down your rate won’t change; offset only available on your variable loan
- Monthly loan account fee (unless packaged, $395 annual package fee#)
Would you like a break cost quote?
To split your Westpac fixed rate more than 8 weeks before your fixed term expires, please request a break cost quote. And if your life’s changed over the years, we can also review the variable interest rate.
Your options
Staying on your fixed rate (to avoid a break cost)
You'll get
- Rate and min repayments set for 1-5 years
- Make cost-free extra repayments up to $30k during your term
- Redraw all extra repayments, no redraw fee1
- Option: package savings ($395 annual package fee applies#)
Bear in mind
- Potential break cost+ if you sell, prepay over $30k or change your loan more than 8 weeks before your fixed term ends
- Your rate/repayments won’t change if interest rates go down
- Offset unavailable
Break cost – changing to our Rocket variable with offset
You'll get
- No switching fee to change to this loan
- Unlimited extra repayments and redraw, no redraw1 fee
- Option: offset account4 to help reduce your mortgage interest
- Option: package savings ($395 annual package fee applies#)
- Option: lower your min repayments if interest rate goes down
- Option: no fee to switch to 1-5 years’ Interest Only2 (investors 1-10 years)
- Option: more than one loan account, each linked to its own offset
- Construction option
Bear in mind
- There may be a break cost+ if you move to this loan from your fixed loan, more than 8 weeks before your fixed term ends
- Interest Only in Advance3 isn’t available on variable investment home loans
- Variable interest rate could rise or fall, impacting your minimum repayments
Would you like a break cost quote?
To change your Westpac fixed rate to a variable rate more than 8 weeks before your fixed term expires, please request a break cost quote. And if your life’s evolved over the years, we can also review the variable interest rate.
Break cost – splitting with our Rocket variable with offset
You'll get
- No fee to split your loan
- Variable rate freedom: optional offset account4; option to reduce min repayments if rates go down
- Fixed rate certainty: rate and min repayments set 1-5 years; up to $30k in extra repayments during term; optional investor Interest Only in Advance (0.2% p.a. rate discount)3
- Redraw all extra repayments, no redraw fee1
- Option: multiple fixed and variable accounts, with each variable linked to its own offset
- Option: reduce interest by moving extra repayments into whichever fixed or variable loan has the higher interest rate (fixed loan break cost+ if you prepay over $30k)
- Option: all-in-one package savings ($395 annual package fee applies#)
- Option: 1-5 year Interest Only2 (investors 1-10 years)
- Construction option
Bear in mind
- There may be a break cost+ if you move to this loan from your fixed loan, more than 8 weeks before your fixed term ends
- Variable portion: interest rate could rise or fall, your min repayments will likely fluctuate
- Fixed portion: potential break cost+ if you split your loan or prepay over $30k; if market interest rates go down your rate won’t change; offset only available on your variable loan
- Monthly loan account fee (unless packaged, $395 annual package fee#)
Would you like a break cost quote?
To split your Westpac fixed rate more than 8 weeks before your fixed term expires, please request a break cost quote. And if your life’s changed over the years, we can also review the variable interest rate.
Your option
Staying on your fixed rate (to avoid a break cost)
You'll get
- Rate and min repayments set for 1-5 years
- Make cost-free extra repayments up to $30k during your term
- Redraw all extra repayments, no redraw fee1
- Option: package savings ($395 annual package fee applies#)
Bear in mind
- Potential break cost+ if you sell, prepay over $30k or change your loan more than 8 weeks before your fixed term ends
- Your rate/repayments won’t change if interest rates go down
- Offset unavailable
See all of our financing options
Rocket variable home loan with offset
Fully-featured variable rate loan, with an offset and package option.
Flexi First Option basic variable home loan
Our lowest variable home loan rate, with redraw and no ongoing fees.
Fixed Options home loan
The certainty of a set rate and repayments, with a package option.
Split your home loan
Hedge your bets with variable and fixed interest rates.
Refinance to Westpac
Switch your current home loan to Westpac.
Package your home loan
An interest rate discount and more, for a $395 annual package fee#.
Manage your home loan
How to make changes, use your home’s equity, redraw and more.
Increase your home loan
Pay for your next reno or big purchase by using your home’s equity.
Bridging home Loan
Helps you buy or build your new home before selling your current one.
Home loan portability
Moving home? Keep it simple by taking your home loan with you.
Top tips
Most lenders won’t let you redraw from a fixed home loan. The good news is, all Westpac fixed and variable home loans come with a redraw facility that lets you tap into your extra repayments (‘available’ funds) should you need them, anytime. Up to $100k will be available to redraw from your variable loan online or over the phone each day (unlimited in-branch). For fixed loans you can redraw up to your prepayment threshold during your fixed term. And there’s no minimum amount or redraw fee1.
How to redraw extra repayments
Westpac App – select your home loan account, then select Transfer to move funds to a Westpac account, or select Pay to transfer to another bank account.
Haven’t set up your redraw? Redraw is subject to approval, here's how to submit your request:
- Westpac App - go to Home loan settings, then Manage redraw and follow the instructions.
- Online Banking - go to Home loan redraw (under More) and follow the instructions.
- Or print, sign and email a scanned copy (or hi-resolution photo) of our Redraw Authority form (PDF 66KB) (PDF 66KB) (PDF 66KB) to loanmaintenance@mortgage.westpac.com.au (no need to include a stamp from the bank).
Happen to have up to $30k in extra repayments? You’ll pay less home loan interest if you move it into whichever fixed or variable account has the higher interest rate at the time. You can, of course, make unlimited extra repayments into your variable account, but you may pay a break cost+ if you prepay over $30k into your fixed account.
See what splitting your loan might look like with our split loan calculator.
Budgeting buffer
You can still get some repayment certainty on a variable rate. By setting up a scheduled repayment or Direct Debit that’s significantly higher than your min repayments, you can create a buffer against rate rises.
Owning your home sooner
You’re free to make unlimited extra repayments on your variable loan, or leave spare funds in a linked offset account, if you have one. Either option reduces your variable home loan interest by the same amount.
Spending temptation?
If you don’t want to be tempted to spend spare funds sitting in your offset account, you can always move some into your Rocket variable loan as extra repayments.
Investors & offset
When you redraw extra repayments from a Rocket Investment home loan, the interest on those funds may no longer be tax deductible. But if you keep those spare funds in a linked offset account, it won’t affect the tax deductibility## of interest charged on your loan. Talk with your accountant for details about your personal tax situation.
Bringing other debts into your home loan
Would you like to wrap other debts into your home loan, on a lower interest rate? You can consolidate debts like a car loan, credit card and personal loan. Just keep in mind, you don’t want to stretch short-term debts over 25 or 30 years – so it’s important to increase your home loan repayments to cover the extra debt over a similar timeframe e.g. 5 years.
Example. Let’s say Dan has a $40k car loan at 8.99% p.a., with 4 years left, a monthly repayment of $1,013 and total variable interest of $8,667. If he borrowed an extra $40k on his home loan at 6.00% p.a., paid out his car loan, and increased his monthly home loan repayments by $957 for 4 years, he’d only pay $5,974 in interest on the $40k. That’d be a $2,693 interest saving.
Choosing your term
If there’s a chance you might sell your home, pay off your loan soon or prepay more than $30k, consider only fixing for a couple of years. That way you won’t need to pay an early prepayment break cost.
Sign into the Westpac App or Online Banking:
- Open the drop-down menu (next to your variable rate loan on your dashboard)
- Select 'Switch to fixed rate loan'
- Choose to fix a portion (split) or the entire loan, and select the number of years. Follow the prompts and submit.
If fixing all of your Westpac variable home loan, you should first consider what you want to do with any redraw funds available in your home loan account, and any funds in a linked offset account.
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Apply in around 10-20 mins to buy a home or refinance to Westpac.
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Things you should know
Conditions, credit criteria, fees and charges apply. Residential lending is not available for Non-Australian Resident borrowers.
This information 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 advice on any taxation matters.
Applying for a Westpac Home Loan (PDF 403KB) (PDF 403KB)
Deposit Accounts for Personal & SMSF customers - Terms & Conditions (PDF 644KB) (PDF 621KB)
#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)
## The taxation position described is a general statement and should only be used as a guide. It does not constitute tax advice and is based on current tax laws and their interpretation.
+Break costs on prepayments and switching: you can make total prepayments of up $30,000 (cumulative) for fixed loans during your fixed term, without costs or fees. Prepayments over this threshold may incur a break cost and admin fee. If at any time before the end of your fixed rate period you switch to another home loan, interest rate or repayment type, then a break cost may apply.
1Redraw facility: if you have ‘available funds’ (you’ve made extra home loan repayments) and you’ve activated your redraw facility, you’re free to redraw them with no redraw fee. Up to $100k will be available to redraw from your variable loan online or over the phone each day (unlimited in-branch). For fixed loans you can redraw up to your prepayment threshold during your fixed term. Read our Redraw Authority form (PDF 66KB) (PDF 66KB) for full details.
2Interest only. Conditions apply. It’s important to understand that interest rates for loans with Interest Only repayments are higher. Your repayments will increase at the end of the Interest Only term as the amount you’ve borrowed will need to be paid back in a shorter timeframe. This also means you’ll pay more interest over the life of the loan with an Interest Only repayment term, than if you’d opted to continue paying principal and interest. There’s a maximum of 5 years for Owner Occupied loans and 10 years for Investment loans on Interest Only repayments over the life of the loan. If you’ve had less than this, you may be able to extend the Interest Only repayment term, subject to conditions and a new assessment. You’ll need to start the process well in advance of your expiry date and provide details of your income, expenses and liabilities.
3Interest 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 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.
4Monthly $5 offset Westpac Choice account-keeping fee waivers:
- The account’s linked to our packaged Rocket Repay Home Loan
- You deposit at least $2,000 each month
- You're under 30 years old, or a full-time tertiary student
- You have an Australian Pensioner Concession Card or Health Care Card
- You’re new to Australia, or an expatriate customer (for the first 12 months).