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Selling or just sold? $2K cashback could be yours**

Exclusive offer for existing Westpac home loan customers.

Stick with us for your next home loan and you could be rewarded with a cashback.

Must apply for a new loan by 30 September and settle by 31 December 2022, plus sell a property with an existing Westpac home loan between 1 March and 31 December 2022. Min loan $250K. Conditions, credit criteria, fees, charges, eligibility criteria and exclusions apply.

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


Our home loans and rates

Basic variable home loan

Our lowest variable rate home loan with unlimited extra repayments, minus the ongoing fees.

Featured owner occupier rate

2.74% p.a.

Variable rate

3.08% p.a.

Comparison rate*

Rate includes a 1.94% p.a. discount for 2 years from loan settlement reverting to a 1.54% p.a. discount thereafter^. For new Flexi First Option Owner Occupier loans, P&I repayments. Excludes refinances within Westpac Group.​

Fixed rate home loan

Lock in your rate and repayments for 1-5 years, for all or part of your loan. Plus the option to package your loan.

Featured owner occupier rate

4.89% p.a.

Fixed rate

4.59% p.a.

Comparison rate*

2-year Fixed Interest rate. P&I repayments with Premier Advantage Package# ($395 annual package fee). T&C’s apply.

Variable loan with offset

100% offset account, unlimited extra repayments, plus the option to package your loan.

Featured owner occupier rate

4.04% p.a.

Variable rate

4.43% p.a.

Comparison rate*

P&I repayments with the Premier Advantage Package# ($395 annual package fee). T&Cs apply.

Basic variable home loan

Our lowest variable rate home loan with unlimited extra repayments, minus the ongoing fees.

Featured investor rate

3.14% p.a.

Variable rate

3.48% p.a.

Comparison rate*

Rate includes a 2.09% p.a. discount for 2 years from loan settlement reverting to a 1.69% p.a. discount thereafter^. For new Flexi First Option Investment Loans, P&I repayments. Excludes refinances within Westpac Group.​

Fixed rate home loan

Lock in your rate and repayments for 1-5 years, for all or part of your loan. Plus the option to package your loan.

Featured investor rate

4.99% p.a.

Fixed rate

5.04% p.a.

Comparison rate*

2-year Fixed Interest rate. P&I repayments with Premier Advantage Package# ($395 annual package fee). T&C’s apply.

Variable loan with offset

100% offset account, unlimited extra repayments, plus the option to package your loan.

Featured investor rate

4.59% p.a.

Variable rate

4.97% p.a.

Comparison rate*

P&I repayments with the Premier Advantage Package# ($395 annual package fee). 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.


Guides and tools

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. This information 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 advice on any taxation matters.


 

*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 special offer rates with Principal & Interest repayments 

Special offers are only available on new Flexi First Option Home and Investment Loans with Principal & Interest repayments. Discounts do not apply to internal refinances or switches within the Westpac Group, which includes refinances from Westpac, St.George, Bank of Melbourne, BankSA and RAMS. Not available to company and trust account holders. Offer may be varied or withdrawn at any time. Interest rates are subject to change:

  • For a property to live in (Owner occupier): Offer commences 21/06/2022. Includes a 1.94% p.a. discount for two years from the loan settlement date, at the end of the period it will revert to a 1.54% p.a. discount for the life of the loan.​
  • For an investment property:  Offer commences 21/06/2022. Includes a 2.09% p.a. discount for two years from the loan settlement date, at the end of the period it will revert to a 1.69% p.a. discount for the life of the loan. ​

 

#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 88KB)


 

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 you’ve held your variable home loan with us for over 12 months, 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.

 

** $2,000 Cashback:  Conditions, credit criteria, fees, charges, eligibility criteria and exclusions apply.  Exclusive offer available for existing Westpac home loan customers who take out a new Owner Occupier or Investment Property Loan when both: (i) a new home loan application is received from 30 May 2022 to 30 September 2022 and settled by 31 December 2022, and (ii) an existing Westpac home loan is sold from 1 March 2022 to 31 December 2022. The cashback will be paid into a Westpac Choice transaction account within 60 days of the settlement of the new loan or the sale of the existing Westpac home loan (whichever is later). The transaction account must be linked to the home loan at the time of settlement, and kept open for 60 days after settlement. Only one cashback will be paid regardless of the number of applications, applicants, properties or loans involved. For joint applications, only one cashback payment will be paid to the primary applicant. Before deciding to acquire a Westpac Choice transaction account, read the terms and conditions, and consider whether the product is right for you.

Offer current as of 30 May 2022 and may be varied or withdrawn at any time. $250k min loan amount. No LVR restrictions apply to this offer. Excludes refinances and switches of home loans from external providers or within the Westpac Group (which includes Westpac, St.George, Bank of Melbourne, BankSA and RAMS). Offer not available for residential lending originated under family or company trusts, Equity Access Loans, Bridging Loans, Portabilities, Westpac Private Bank customers and customers holding business products, or home loans sold from a different brand within the Westpac Group.

Tax consequences may arise from this promotion for investors and customers should seek independent advice on any taxation matters.

Credit provided by Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714.