Manage my home loan
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
You can see your balance by signing into Online Banking or the Westpac App. Select the home loan account to see your repayments. Your home loan balance includes any extra repayments you’ve made. This is listed under Available funds.
When life changes, your home loan should too. Here’s how to adjust the type of loan you have, how it’s set up and how to package your loan.
Variable to fixed
Lock in a fixed rate for 1 to 5 years and have the certainty of knowing what your repayments will be. You may be able to fix 100% of your current variable rate home loan or split the loan into separate fixed rate and variable rate accounts.
Westpac App – sign into the Westpac App, tap your variable home loan, tap Switch to a fixed rate home loan and follow the prompts
Online Banking – sign into online banking, tap your variable home loan, tap Switch to a fixed rate home loan and follow the prompts
What you need to know
- Your variable offset benefits don’t apply to your fixed loan
- You can only make up to $30,000 in extra repayments without incurring break costs
- A fixed rate incurs break costs and may not be right if you plan to sell your property, refinance or change home loan products
Fixed to variable
Ending your fixed rate term early could attract break costs that run into the thousands. Weigh up the costs before deciding if switching to a variable rate home loan is right for you.
For more information, contact us through the Westpac App or call 132 558.
Accessing extra money
Whether you’re renovating, moving home or just need some extra funds, your home loan can help get you there.
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.
Tools and support
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.
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.
* 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.