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

Four steps to your next home

When thinking about moving or buying, you'll have some exciting decisions to make.

Understanding your scenario

Deciding if you want to sell

Planning your finances

Buying your property

Featured basic variable rate

6.44% p.a.

 

6.45% p.a.

Variable rate^

 

Comparison rate*


Variable rate includes 1.64% p.a. life-of-loan discount^ (excludes product switches), and a 0.10% p.a. discount for LVR+ up to 70%. For new Owner Occupier loans and P&I repayments. Credit criteria, T&Cs apply.

 

Why choose Westpac for your next loan?
 

One point of contact

You’ll have a dedicated lender who’ll guide you right through to settlement. They’ll answer your questions, keep things simple and progress your application.

Simple for the self-employed

Business owner? You’ll get the same Westpac home loans and rates as salary-earners, when borrowing in your own name. You might qualify for our Fast Track assessment process too.

Flexible features

Get ahead with unlimited extra repayments on variable loans – and a $30K prepayment limit on fixed loans (without incurring break costs). You can redraw anytime, or apply for a repayment holiday1.


Things you should know

Conditions, credit criteria, fees and charges apply. Residential lending is not available for Non-Australian Resident borrowers.

This information is general in nature and 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, professional tax advice on any taxation matters before making a decision based on this information.

Key Fact Sheet for Home Loans


 

*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.


 

^Flexi First Option Home Loan life-of-loan discount is available for new Owner Occupier and Investment Property home loans on Principal & Interest and Interest Only repayments. Discount does not apply to product switches.  Interest rates are subject to change. Discount may be varied or withdrawn.


 

#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 119KB)


 

1Repayment holiday: Conditions, eligibility and suitability criteria apply. 

  • Reduced loan repayments: reduction of up to 50% available for up to 6 months on variable home loans held with us for over 12 months. 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: available for up to 6 months on variable home loans held with us for over 12 months. 
  • Parental leave: if your existing variable home loan has had at least 12 months of Principle & Interest repayments, you could be eligible to reduce your home loan repayments up to 50% for up to 12 months while on maternity or paternity leave, subject to approval.

+LVR stands for the loan-to-value ratio. 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 won’t change during the life of the loan as the LVR changes.