Home renovation loan
Renovating your home – where to start
From simple makeovers to major structural work, we're here to help you figure out your plans and explore how best to finance them.
- Answer a few questions about your renovation
- We’ll suggest some loan options for you
- Use our handy tools, articles, tips and FAQs
Not sure whether you want to renovate?
Should you renovate your home to rent out or live in – or sell and move somewhere better?
Do you have a home loan on this property?
Guides and tools for renovating
Frequently asked questions
If you’ve registered for redraw and are ahead on repayments, you can tap into your Available funds whenever you need.
Westpac App – tap your home loan account and tap Transfer to move funds to a Westpac account or Pay to transfer to another bank account.
Haven’t set up your redraw? Simply login to online banking to submit your request or print, sign and email a scanned copy (or hi-resolution photo) of our to email@example.com (no need to include a stamp from the bank). Redraw is subject to approval.
More on home improvement loans
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.
1 Break costs on prepayments and switching: Customers can make total prepayments of up to $15,000 (cumulative) for loans fixed prior to 21 March 2009, $25,000 (cumulative) for loans fixed between 21 March 2009 and 16 March 2012 or $30,000 (cumulative) for loans fixed on or after 17 March 2012, without costs or fees applying. Prepayments exceeding this threshold may incur a break cost.
If at any time before the end of a fixed rate period you switch to another product, interest rate (fixed or variable) or repayment type, then a break cost may apply.