Skip to main content Skip to main navigation
Skip to access and inclusion page Skip to search input

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

Home loan product Interest rate Comparison rate1
Owner occupier: 2 Year Fixed Options Home Loan 2.09% p.a. 3.50% p.a.
Investor: 2 Year Fixed Rate Investment Property Loan 2.29% p.a. 3.97% p.a.

The above rates are for Principal and 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 Establishment fee - save $600
  • No ongoing Loan Maintenance fees - save $96 - $120
  • No "top up / loan increase" fees to increase your loan limit - save $400
    (not available on fixed rate loans)
  • No switching fee - save $300.


Transaction account

Westpac Choice

When you package your Westpac Choice, you'll pay no monthly service 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 two great rewards programs - Altitude Rewards or Altitude Qantas.

 

Fees and conditions apply. Check the details in (PDF 80KB) Credit Card Terms and Conditions (PDF 240KB) and the Altitude Terms and Conditions (PDF 86KB).

Altitude Black Credit Cards

  • No annual card fee
  • Choose between two great rewards programs - Altitude Rewards or Altitude Qantas 
  • Earn uncapped Altitude Points on eligible purchases.

Fees and conditions apply. Check the details in Credit Card Terms and Conditions (PDF 240KB) and the Altitude Terms and Conditions (PDF 86KB).


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 240KB).

Low Fee Credit Card

  • No annual card fee on Low Fee Credit Card. The annual 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 240KB).

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 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.

Choose from three levels of cover to assist if unexpected events occur like storm, flood, fire, theft and more.

  • Save up to 10%*on your Home and/or Contents Insurance Premium.

Home and Contents Insurance is issued by Allianz Australia General Insurance Limited ABN 99 003 719 319, which is a corporate authorised representative of Allianz Australia Insurance Limited ABN 15 000 122 850 AFSL 234708 (Allianz Insurance). Westpac Banking Corporation ABN 33 007 457 141 AFSL 233714 arranges the insurance under a distribution arrangement with Allianz Insurance, but does not guarantee the insurance. This information does not take into account your personal circumstances. Read the Product Disclosure Statement to see if this insurance is right for you. Call 1300 650 255 or visit westpac.com.au/insurance.

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. We'll help you choose the right cover, so you only pay for the insurance you might need.

  • Receive a 10% on your annual premium if you have a Premier Advantage Package

Landlord Insurance is issued by Allianz Australia General Insurance Limited ABN 99 003 719 319, which is a corporate authorised representative of Allianz Australia Insurance Limited ABN 15 000 122 850 AFSL 234708 (Allianz Insurance). Westpac Banking Corporation ABN 33 007 457 141 AFSL 233714 arranges the insurance under a distribution arrangement with Allianz Insurance, but does not guarantee the insurance. This information does not take into account your personal circumstances. Read the Product Disclosure Statement to see if this insurance is right for you. Call 1300 650 255 or visit westpac.com.au/insurance.

View all our interest rates

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

If you add up the savings offered by Premier Advantage Package, you could save over $3,800 in the first year and over $3,000 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 Establishment fee on Westpac Rocket Repay Home Loan $600 N/A 
No ongoing Loan Maintenance fees $96 $96 
No monthly service fee on Westpac Choice account (regardless of deposits) $60 $60
No annual card fee on Altitude Black credit card $250 $250
Save up to 10%* on your Home and/or Contents Insurance Premium $50 $50
Saving $4,281 $4,281
Less Premier Advantage Package fee $395 $395 
  $3,886 $3,286

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.

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

Get $3K cashback when you refinance to us**

Apply by 30th November 2021, settle by 28th February 2022. Owner Occupier loans (P&I repayments) and Investment Property Loans, with LVR+ less than 90% and min $250k loan. Flexi First Option or packaged# home loans only ($395 annual package fee). Only one cashback offer available per primary applicant within a 12 month period. Excludes refinances within Westpac Group. Find out more

Things you should know

Credit criteria, fees and charges apply. Terms and conditions available on request. Based on Westpac's credit criteria, residential lending is not available for Non-Australian Resident borrowers. 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.

 

 

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 80KB)

 

*Home and Contents Insurance: If you are eligible for the Home and Contents combined discount, we will apply the Premier Advantage Package discount to any already discounted premium. Minimum premiums may apply. If you take out a Premier Advantage Package after Allianz Australia General Insurance Limited (AAGIL) has issued you with a Home and Contents Insurance policy then the package benefit will only be applied at your next renewal.

 

**$3K refinance cashback offer: Conditions, credit criteria, fees, charges, eligibility criteria and exclusions apply. Apply between 1st July 2021 to 30th November 2021 and settle by 28th February 2022 for refinance applications. Offer may be varied or withdrawn at any time. Min Loan amount $250k and LVR must be less than 90% (LMI may apply). Offer available for Owner Occupier with Principal & Interest repayments and Investment Property Loans (Principal and Interest & Interest Only repayments). Premier Advantage Package ($395 annual package fee and T&Cs apply) and Flexi First Option Loans. Limit of one $3,000 cashback payment regardless of the number of applications, applicants, properties or loans involved per 12 month period. For joint applications, only one cashback payment will be paid to the primary applicant. Excludes Owner Occupier Interest Only, Equity Access Loans, residential lending originated under family or company trusts and refinances within Westpac Group (Westpac, St.George, Bank of Melbourne, BankSA and RAMS). The cashback will be paid into an open Westpac Choice transaction account within 60 days of settlement. This account must be in the same name as the home loan account and linked to the home loan at settlement. Tax consequences may arise from this promotion for investors and customers should seek independent advice on any taxation matters. 

 

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



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.