We’re here to help with your home loan
Whether you need a home loan health check, a new loan or want to switch to Westpac, start a conversation with us now.
Call 8am-8pm, 7 days (Sydney time)
Fixed rate ending soon? The choice is yours
Rate review tip #1
We love having you around. So whenever life changes, we're on hand to review your current interest rate. We can also tweak your variable home loan – with no fee to split or fix your loan, or change to an Interest Only term**.
Make updates to meet your home loan needs
Sometimes changes to the economy or personal circumstances mean you need to refocus your home loan to get your goals back on track.
What happens when my fixed term ends?
Your options are rolling onto our variable rate, re-fixing or splitting your loan.
Looking to use your equity to help fund home renovations?
Whether renovating to sell or stay, a ‘top up’ could be the most economical solution.
Need some breathing space with your loan repayments?
If you’re finding it hard to make ends meet, going through a separation or need help to get you back on your feet financially, there are options* you could consider. Just request a callback, and we'll call you to discuss your needs:
Reduce your repayments to the minimum amount or by 50% for up to 6 months
Consider a repayment pause if you’ve made extra repayments in the past
Apply for interest-only repayments for up to 5 years on an owner-occupied loan.
Frequently asked questions
Yes, you can if you use your home loan’s portability feature. Portability allows you to change the property secured against your loan from your old property to your new one without closing out your existing loan. Portability avoids all the time, costs, and hassles of applying for a brand-new loan. Best of all, if you have a fixed rate home loan, you can buy and sell using portability without the fear of paying break costs.
For questions or more information about portability call: 132 558 8am-8pm (Sydney time), Monday-Saturday, or request a callback.
Tools and support
Things you should know
Conditions, credit criteria, fees and charges apply. Based on Westpac's credit criteria, residential lending is not available for Non-Australian Resident borrowers.
Read the following terms and conditions before making a decision and consider whether the product is right for you:
#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.
*Loan repayment options: Conditions apply for all the options listed. Please be aware that:
- Reduced loan repayments: It is important to understand that at the end of the reduced repayment period, the repayment amount will increase to adjust for the reduced repayments. This ensures that the loan is still repaid within its original term. Read the disclosure documents for your selected product or service before deciding if this option is right for you.
- Mortgage repayment pause: It is important to understand that you’ll continue to accrue interest while your repayments are paused. The length of your pause is determined by the amount of extra funds you have in your loan. Read the disclosure documents for your selected product or service before deciding if this option is right for you.
- Switching to interest-only repayments: It is 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 period 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 on interest-only repayments than if you’d opted to continue paying principal and interest.
^Changing repayment amount or frequency: Cannot be performed on an interest-only loan. However, you may make extra repayments. For more details on interest-only home loans
^^Available for Owner Occupier and Investment Property Loans with Principal & Interest and Interest only repayments. Excludes Line of Credit, Equity Access Loans.
**Interest Only repayments. 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.