Home Loan Package

Essentials
Benefits
Savings

Take out a Premier Advantage Package and save

When you package your home loan and bank account, you could enjoy the benefits of Premier Advantage Package, including interest rate discounts and savings on a range of great products.

For an annual package fee of $395 you could save up to $3,931 in your first year on a $250,000 home loan.

Benefits of packaging your loan

Discounts on a range of Westpac standard variable rate and Westpac fixed rate home loans
For any packaged home loan, pay no Loan account fee (excluding switches to a non-package loan)
Pay no account-keeping fee on your Westpac Choice account, regardless of total monthly deposit
Pay no annual card fee^# on the card you select from a range of Westpac credit cards. Other fees and charges may apply^#.
Discounts on selected insurance products

Benefits

Once you've selected the home loan that works for you and you've set up your Westpac Choice account, take advantage of the Premier Advantage Package to enjoy real savings.

You could receive up to 1.29% p.a. discount off the applicable variable rate on your new Rocket Repay Home Loan when your new loan or your packaged home loan borrowings including your new loan total $150,000 or more. More about the Premier Advantage Package discounts that apply to your new Westpac home loan.

There's no limit to the number of eligible loans you can have within a package that may receive an interest rate discount.

Variable rate for new home loans - for Rocket Repay Home Loan & Rocket Investment Loan under Premier Advantage Package

1.29% p.a. discount on total package borrowing of $150,000 or more.

Fixed rate home loan – for Fixed Options Home Loan and Fixed Rate Investment Property Loan under Premier Advantage Package

0.2% p.a. discount on total package borrowings of $150,000 or more.

Fixed interest rates

For a new home loan, with LVR⁺ up to 70%

Home loan product	Interest rate	Comparison rate¹
Owner occupier: 2-year Fixed Options home loan	6.49% p.a.	7.57% p.a.
Investor: 2-year Fixed Rate Investment home loan	6.49% p.a.	8.00% p.a.

The above rates are for Principal & Interest repayment loans, with the Premier Advantage Package^#($395 annual package fee).

View all our interest rates

You could also save on your loan fees:

No Lending establishment fee - save $600
No ongoing Loan account fees - save $96

Transaction account

Westpac Choice

When you package your Westpac Choice, you'll pay no account-keeping fee regardless of how much you deposit each month.

Westpac Choice provides you with:

Unlimited free transactions across Westpac branches, Westpac Group ATMs, eftpos, Westpac Telephone Banking and Online Banking (Other fees apply including for the use of non-Westpac Group ATMs and overseas ATMs.)
Access to your funds with Debit Mastercard^®
Link as an offset account to your Rocket Repay Home Loan and cut the interest on your loan.

Credit cards

Save on the annual card fee with a credit card from the great range below

With the Premier Advantage Package you can choose one of these credit cards with no annual card fee^#. Other fees and charges may apply^#.

Altitude Platinum Credit Cards

No annual card fee^#
Choose between three great rewards programs - Altitude Rewards or Altitude Qantas^~ or Altitude Velocity^~.

Fees and conditions apply. Check the details in (PDF 89KB) Credit Card Terms and Conditions (PDF 273KB) and the Altitude Terms and Conditions (PDF 141KB).

Altitude Black Credit Cards

No annual card fee^#
Choose between three great rewards programs - Altitude Rewards or Altitude Qantas^~ or Altitude Velocity^~
Earn uncapped Altitude Points on eligible purchases.

Fees and conditions apply. Check the details in Credit Card Terms and Conditions (PDF 273KB) and the Altitude Terms and Conditions (PDF 141KB).

Low Rate Credit Card

No annual card fee^#
A simple no frills card with a lower variable interest rate on purchases and a higher variable interest rate on cash advances.

Fees and conditions apply. Check the details in Credit Card Terms and Conditions (PDF 273KB).

Low Fee Credit Card

No annual card fee^# on Low Fee Credit Card. The card fee (currently $30) is normally waived for the first year and waived for subsequent years when you spend $5,000 or more on purchases in the previous year using your card.

Fees and conditions apply. Check the details in Credit Card Terms and Conditions (PDF 273KB).

Insurance

Save on insurance to protect the assets you've worked hard for.

We’re here to do all we can to help protect your future, so we offer flexible cover options to look after the things you cherish just in case. With the Premier Advantage Package you’ll save on your insurance premium^*.

Home and Contents Insurance

Collectively, your home and all the things you've collected over the years can represent one of your biggest investments.

Premier Advantage Package customers may be eligible for an ongoing premium discount of up to 10% on their Westpac Home and Landlord Insurance policies.^*

For the standard terms, conditions and exclusions about our Home & Landlord Insurance, please refer to the relevant Product Disclosure Statement (PDS) and any supplementary PDS (if applicable). To see some of the events covered and not covered, please refer to our Key Fact Sheets (KFS).

Home and Contents Insurance is issued by Allianz Australia Insurance Limited ABN 15 000 122 850 AFSL 234708 (Allianz). Westpac Banking Corporation ABN 33 007 457 141 AFSL 233714 (the Bank) arranges the initial issue of the insurance under a distribution agreement with Allianz, but does not guarantee the insurance. This information does not take into account your personal circumstances. Before making a decision, please consider the relevant Product Disclosure Statement. For more information call 1300 650 255.

If you take out Home and Contents with Allianz the Bank will receive a commission of up to 12% of the premium (exclusive of GST).

A target market determination has been made for this product. Please visit www.westpac.com.au/tmd for the target market determination.

Landlord Insurance

Protect the investment property with cover for storm, flood and fire, theft, loss of rent and malicious damage by tenants or rent default.

Premier Advantage Package customers may be eligible for an ongoing premium discount of up to 10% on their Westpac Home and Landlord Insurance policies.^*

Landlord Insurance is issued by Allianz Australia Insurance Limited ABN 15 000 122 850 AFSL 234708 (Allianz). Westpac Banking Corporation ABN 33 007 457 141 AFSL 233714 (the Bank) arranges the initial issue of the insurance under a distribution agreement with Allianz, but does not guarantee the insurance. This information does not take into account your personal circumstances. Before making a decision, please consider the relevant Product Disclosure Statement. For more information call 1300 650 255.

If you take out Landlord Insurance with Allianz the Bank will receive a commission of up to 12% of the premium (exclusive of GST).

A target market determination has been made for this product. Please visit www.westpac.com.au/tmd for the target market determination.

View all our interest rates

Savings

If you add up the savings offered by Premier Advantage Package, you could save over $3,900 in the first year and over $3,300 in the second year. You'll continue to save for the life of your loan when you add up the savings offered by Premier Advantage Package.

Example:

Potential savings	Saving (year one)	Saving (year two onwards)
1.29% p.a. discount on $250,000 Westpac Rocket Repay Home Loan	$3,225	$3,225
No Lending establishment fee on Westpac Rocket Repay Home Loan	$600	N/A
No ongoing Loan account fees	$96	$96
No account-keeping fee on Westpac Choice account (regardless of deposits)	$60	$60
No annual card fee^# on Altitude Black credit card	$295	$295
Home and Contents Insurance discount of up to 10%* on a $500 premium	$50	$50
Saving	$4,281	$3,681
Less Premier Advantage Package fee	$395	$395
	$3,931	$3,331

This example is for illustrative purposes only and assumes the following:

The Rocket Repay Home Loan is the first Westpac packaged loan taken out
Westpac Rocket Repay Home Loan interest rate is discounted by 1.29% p.a.
Interest only repayments - See Choosing the right repayment type
Minimum contracted repayments are made on scheduled repayment dates through the life of the Rocket Repay Home Loan
No additional repayments made
The loan is fully documented
The credit card selected for no annual card fee is the Altitude Black credit card. Reward Program Fees and other fees and charges may apply^#.

This example does not include other fees that may be payable on the Rocket Repay Home Loan.

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.

Key Fact Sheet for Home Loans

Fixed rates: Interest Rates displayed are for Australian residents only. The Bank will apply the fixed rate that is available at the loan settlement date. At the end of the fixed rate period the interest rate will convert to the applicable variable home loan interest rate unless a new fixed rate term is selected and then the fixed rate is determined two business days prior to the refix.

^#Premier Advantage Package: Conditions of Use and $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 89KB)

For more information on fees and package benefits, please read the terms and conditions (PDF 89KB).

^~An annual Rewards Program fee still applies for Altitude Velocity and Altitude Qantas if you choose these programs.

^*Home and Contents Insurance: Premier Advantage Package customers may be eligible for an ongoing premium discount of up to 10% on their Westpac Home and Landlord Insurance policies. If you are also eligible for a combined or other policy discount, Allianz will apply the Package discount to the already discounted premium. This means the effect will be reduced. If you purchase your policy online, the Package discount will be applied after purchase and Allianz will inform you of your revised premium (this may take up to 3 months). Allianz will then provide a refund for premium paid annually or provide a pro rata refund and reduce your remaining monthly instalments. If you take out a Premier Advantage Package after your policy has been issued, then the Package discount will apply from your next renewal. Any discounts may be subject to rounding and do not apply to taxes or government charges.

Home and Contents and Landlord Insurance are issued by Allianz Australia Insurance Limited ABN 15 000 122 850 AFSL 234708 (Allianz). Westpac Banking Corporation ABN 33 007 457 141 AFSL 233714 arranges the initial issue of the insurance under a distribution arrangement with Allianz, but does not guarantee the insurance. This information does not take into account your personal circumstances. Before making a decision, please consider the relevant Product Disclosure Statement. For more information call Westpac on 1300 650 255.

If you take out Home and Contents or Landlord Insurance with Allianz the Bank will receive a commission of up to 12% of the premium (exclusive of GST).

⁺LVR stands for the loan-to-value ratio. LVR is the amount of your loan compared to the Bank’s valuation of your property offered to secure your loan expressed as a percentage. Home loan rates for new loans are set based on the initial LVR and won’t change during the life of the loan as the LVR changes.

^1.Comparison rate: The comparison rate is based on a loan of $150,000 over the term of 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Home loan package