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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.

Conditions on Premier Advantage Package take into account your total packaged Westpac home loan borrowings. Full details are set out in the Premier Advantage Package Conditions of Use (PDF 1MB).

You could receive up to 0.9% 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 $750,000 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.

If you currently have discounted loans within an existing Premier Advantage Package, the discount on those loans will be the discount offered at the time those loans were taken. The discount on any new loans which may be added to your package will be the discount offered at the time those loans are taken.

Variable rate home loan - for Rocket Repay Home Loan, Rocket Investment Loan & Equity Access Loan under Premier Advantage Package 

Current variable interest rate discount Special promotion variable interest rate discount on new loan. Special limited time offer available from 19/09/2016 which may be withdrawn or varied at any time.
0.7% p.a. on total package borrowings of $750,000 or more.   0.9% p.a. on total package borrowings of $750,000 or more.
0.7% p.a. on total package borrowings from $500,000 to $749,999. 0.85% p.a. on total package borrowings from $500,000 to $749,999.
0.7% p.a. on total package borrowings from $250,000 to $499,999 0.8% p.a. on total package borrowings from $250,000 to $499,999.
0.4% p.a. on total package borrowings from $150,000 to $249,999. 0.6% p.a. on total package borrowings from $150,000 to $249,999.

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

Current fixed interest rate discount Special promotion fixed interest rate discount on new loan
0.2% p.a. on total package borrowings of $150,000 or more N/A
 

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 portability fee if you move house - security criteria apply - save $300
  • 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 or 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  Consumer Credit Cards - Conditions of Use (PDF 185KB) and the Altitude Terms and Conditions (PDF 213KB).

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  Consumer Credit Cards - Conditions of Use (PDF 185KB) and the Altitude Terms and Conditions (PDF 213KB).


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  Consumer Credit Cards - Conditions of Use (PDF 185KB).

55 Day Credit Card

  • No annual card fee on 55 Day 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  Consumer Credit Cards - Conditions of Use (PDF 185KB).

(Also no annual card fee on 55 Day Gold cards.( annual card fee (currently $90) is normally waived for the first year and waived for subsequent years when you spend $15,000 or more on purchases in the previous year using your card.) Please note that these cards are no longer for sale.)

55 Day Platinum Credit Card

  • No annual card fee. 55 Day Platinum Credit Card annual card fee (currently $90) is normally waived for the first year and waived for subsequent years when you spend $10,000 or more on purchases in the previous year using your card.

Fees and conditions apply. Check the details in Consumer Credit Cards - Conditions of Use (PDF 185KB).

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 Product Disclosure Statement (Prepared 11 August 2015) (PDF 546KB) (applicable to current policies initially issued on or after 26 October 2015)

Home and Contents Insurance is issued by Westpac General Insurance Limited ABN 99 003 719 319 (WGIL) (except workers compensation cover where applicable). Westpac Banking Corporation ABN 33 007 457 141distributes the 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 the Home and contents insurance page for more information.

Landlord's 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 Product Disclosure Statement (Prepared 11 August 2015) (PDF 230KB) (applicable to current policies initially issued on or after 26 October 2015)

Landlord Insurance is issued by Westpac General Insurance Limited ABN 99 003 719 319 (WGIL) (except workers compensation cover where applicable). Westpac Banking Corporation ABN 33 007 457 141distributes the 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 the Home and contents insurance page for more information.

If you add up the savings offered by Premier Advantage Package, you could save over $2,000 in the first year and nearly $2,000 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
(This example is based on our standard discount. It doesn't show any additional discounts which might apply under a special promotion).

Potential savings Saving (year one)  Saving (year two onwards)
0.7% p.a. discount on $250,000 Westpac Rocket Repay Home Loan $1,750 $1,750
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 $395 $395 
Saving $2,901 $2,301
Less Premier Advantage Package fee $395 $395 
  $2,506 $1,906

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 0.7% 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.

Interest rates under Premier Advantage Package

Below are our home loan interest rates with principal and interest repayments, under our optional home loan package, Premier Advantage Package. An annual package fee applies, currently $395.

How our discounts and special offers work

Discounts do not apply to internal refinances and are not transferable between loans. Package benefits cannot be taken in conjunction with, or in addition to other special offers, negotiated rates or discounts.

The discount on existing loans within a package is that offered at the time you settled your loan.  Any new packaged loans will have the benefit of the discounts set out above, subject to any conditions that apply.

How to qualify for our Premier Advantage Package

To qualify and continue to receive the benefits of the Package you must either hold or be approved for a Westpac Choice transaction account.  Before deciding to acquire a Westpac Choice account, consider whether it is appropriate for you by reading the terms and conditions for this account in our Deposit Accounts for Personal and Self-Managed Superannuation Fund customers terms and conditions. (PDF 1MB)

Find out more on the terms and conditions of the Premier Advantage Package. (PDF 1MB)

 

Variable interest rate home loans with principal and interest repayments under our home loan package,  Premier Advantage Package  

Loan amount Loan  Package discount on new loans  Variable interest rate  Comparison rate1
$150,000 to $249,999 Total packaged home loans (new and existing loans). Rocket Repay Home Loan

Special offer2

0.6% p.a. off the applicable variable interest rate Conditions apply. Includes standard home loan package discount. Special limited time offer available from 19/09/2016 which may be withdrawn or varied at any time.

4.64% p.a. 5.02% p.a.
Rocket Investment Home Loan 5.19% p.a. 5.56% p.a..
$250,000 to $499,999 Total packaged home loans (new and existing loans). Rocket Repay Home Loan

Special offer2

0.8% p.a. off the applicable variable interest rate Conditions apply. Includes standard home loan package discount. Special limited time offer available from 19/09/2016 which may be withdrawn or varied at any time.

4.44% p.a. 4.82% p.a.
Rocket Investment Home Loan 4.99% p.a. 5.36% p.a.
$500,000 to $749,999 Total packaged home loans (new and existing loans). Rocket Repay Home Loan

Special offer2

0.85% p.a. off the applicable variable interest rate Conditions apply. Includes standard home loan package discount. Special limited time offer available from 19/09/2016 which may be withdrawn or varied at any time.

4.39% p.a. 4.77% p.a.
Rocket Investment Home Loan 4.94% p.a. 5.31% p.a.
$750,000 and above Total packaged home loans (new and existing loans). Rocket Repay Home Loan

Special offer2

0.9% p.a. off the applicable variable interest rate Conditions apply. Includes standard home loan package discount. Special limited time offer available from 19/09/2016 which may be withdrawn or varied at any time.

4.34% p.a. 4.72% p.a.
Rocket Investment Home Loan 4.89% p.a. 5.26% p.a.

View our Rocket Repay Home Loan interest rates for both principal and interest as well as interest only repayments.

View our Rocket Repay Investment Property Loan Interest rates for both principal and interest as well as interest only repayments.

Choosing the right repayment type.

 

Line of credit interest rates under our home loan package, Premier Advantage Package

Loan amount Loan  Package discount on new loans  Variable interest rate  Comparison rate1
$150,000 to $249,999 Total packaged home loans (new and existing loans). Equity Access Loan

Special offer2

0.6% p.a. off the applicable variable interest rate Conditions apply. Includes standard home loan package discount. Special limited time offer available from 19/09/2016 which may be withdrawn or varied at any time.

5.82% p.a. N/A
$250,000 to $499,999 Total packaged home loans (new and existing loans). Equity Access Loan

Special offer2

 0.8% p.a. off the applicable variable interest rate Conditions apply. Includes standard home loan package discount. Special limited time offer available from 19/09/2016 which may be withdrawn or varied at any time.

5.62% p.a. N/A
$500,000 to $749,999 above Total packaged home loans (new and existing loans). Equity Access Loan

Special offer2

 0.85% p.a. off the applicable variable interest rate Conditions apply. Includes standard home loan package discount. Special limited time offer available from 19/09/2016 which may be withdrawn or varied at any time.

5.57% p.a. N/A
$750,000 and above Total packaged home loans (new and existing loans). Equity Access Loan

Special offer2

 0.9% p.a. off the applicable variable interest rate Conditions apply. Includes standard home loan package discount. Special limited time offer available from 19/09/2016 which may be withdrawn or varied at any time.

5.52% p.a. N/A

View our Equity Access Home Loan interest rates

Choosing the right repayment type.

Things you should know

Total packaged home loan(s) means all your new and existing home loans that are under Premier Advantage Package. An annual package fee applies, currently $395.

1. More on comparison rates

This comparison rate is based on a secured loan of $150,000 over the term of 25 years.  WARNING: The comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

2.  Special offer conditions

Special interest rate discounts are only available on:

  • On the applicable variable rate for Rocket Repay Home Loans, Rocket Investment Loans for principal and interest and interest only repayments and Equity Access Loans
  • Which are included in a Premier Advantage Package (Package).
  • Special limited time offer available from 19/09/2016 which may be withdrawn or varied at any time.


Special rate discount applies only to full doc loans and includes the standard package discount of 0.70% for loans of $250,000 or more and 0.40% for loans between $150,000 and $249,999.

 

Fixed interest rates on Fixed Option Home Loans with principal and interest repayments under our home loan package, Premier Advantage Package  

On new Fixed Option Home Loans where packaged home loans total $150,000 or more.

Term Package discount on new loan  Fixed interest rate Comparison rate3
1 year 0.2% p.a. off the fixed interest rate (conditions apply) 3.99% p.a. 4.96% p.a.
2 years 0.2% p.a. off the fixed interest rate (conditions apply)  3.88% p.a. 4.88% p.a.
3 years 0.2% p.a. off the fixed interest rate (conditions apply) 3.99% p.a. 4.85% p.a.
4 years 0.2% p.a. off the fixed interest rate (conditions apply) 4.19% p.a. 4.86% p.a.
5 years 0.2% p.a. off the fixed interest rate (conditions apply) 4.19% p.a. 4.83% p.a.

View our Fixed Options Home Loan interest rates for both principal and interest as well as interest only repayments.

Choosing the right repayment type.

Things you should know

Total packaged home loan(s) means all your new and existing home loans that are under Premier Advantage Package. An annual package fee applies, currently $395.

3.  More on comparison rates

This comparison rate is based on a secured loan of $150,000 over the term of 25 years.  WARNING: The comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

 

Fixed interest rates on Fixed Rate Investment Property Loans with principal and interest repayments under our home loan package, Premier Advantage

On new Fixed Rate Investment Property Loans where packaged home loans total $150,000 or more.

Term Package discount on new loan  Fixed interest rate Comparison rate4
1 year 0.2% p.a. off the fixed interest rate (conditions apply) 4.19% p.a. 5.46% p.a.
2 years 0.2% p.a. off the fixed interest rate (conditions apply)  4.19% p.a. 5.37% p.a.
3 years 0.2% p.a. off the fixed interest rate (conditions apply) 4.24% p.a. 5.3% p.a.
4 years 0.2% p.a. off the fixed interest rate (conditions apply) 4.49% p.a. 5.31% p.a.
5 years 0.2% p.a. off the fixed interest rate (conditions apply) 4.49% p.a. 5.26% p.a.
6 years 0.2% p.a. off the fixed interest rate (conditions apply) 6% p.a. 5.96% p.a.
7 years 0.2% p.a. off the fixed interest rate (conditions apply) 6.5% p.a. 6.29% p.a.
9 years 0.2% p.a. off the fixed interest rate (conditions apply) 6.5% p.a. 6.43% p.a.
10 years 0.2% p.a. off the fixed interest rate (conditions apply) 6.5% p.a. 6.49% p.a.

View our Fixed Rate Investment Property Loan interest rates for both principal and interest as well as interest only repayments.

Choosing the right repayment type. 

Things you should know

Total packaged home loan(s) means all your new and existing home loans that are under Premier Advantage Package. An annual package fee applies, currently $395.

4.  More on comparison rates

 This comparison rate is based on a secured loan of $150,000 over the term of 25 years.  WARNING: The comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

Things you should know

Premier Advantage Package Conditions of Use (PDF 1MB)

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. Interest rate discount for packaged loans is based on loan type and amount. Conditions and fees apply and are available on request.

1. The comparison rate is based on a secured loan of $150,000 over a term of 25 years. WARNING: This comparison rate is true only for 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.

 

* 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 WGIL has issued you with a Home and Contents Insurance policy then the package benefit will only be applied at your next renewal.