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Why refinance with Westpac?

Revise your rate

Refinancing could help you secure a better interest rate. Lock in a lower fixed rate for a set period or split your loan between variable and fixed.

Consolidate debt

Make your short-term debts easier to manage by consolidating credit cards and personal loans into your home loan when you refinance.

Use your equity

Depending on your property value, you may be looking to refinance to access your usable equity for renovations or an investment property.

Get better features

Refinance and get features to suit your lifestyle. Save interest with an offset account, make extra repayments to get ahead and redraw them if you need to.

Get $2,000 cashback for every property you refinance with us

For new Owner Occupier with Principal & Interest repayments and Investment loans. Apply before 31 January 2020.

Available on our Premier Advantage Package and Flexi First Option loans. $250K min loan per property. $395 annual package fee. Settle by 31 March 2020. Excludes refinances from within Westpac Group.^ Request a callback

Want to refinance in less than a week?

Westpac Priority Refinance Process lets you refinance your home loan within 2-5 business days after we receive your documentation. It gives you a way to fast track your home loan refinance without the need for a conventional settlement.

Talk to a home lending specialist about priority refinance today.

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.

^$2,000 Refinance Cashback: For new refinance applications received from 23 September 2019 and 31 January 2020, with loan settled by 31 March 2020. Offer current as at 23 September 2019. Offer may be varied or withdrawn at any time. $250k min loan per property refinanced. Only 1 cashback per property refinance will be paid regardless of the number of loans involved. Excludes switches and refinances of home loans within the Westpac Group, which includes Westpac, St.George, Bank of Melbourne, BankSA and RAMS. Offer not available for Owner Occupier Interest Only loans or residential lending originated under family or company trusts. The cashback will be paid into a Westpac Choice transaction account within 60 days of settlement. The transaction account must be linked to the home loan at the time of settlement, and kept open for 60 days after settlement. Offer available on the Premier Advantage Package and Flexi First Home Loans for Owner Occupier with Principal and Interest repayments and Investment Loans.

*Premier Advantage Package: Premier Advantage Package Conditions of Use and a $395 annual package fee apply. You must either hold or be approved for a Westpac Choice account in order to qualify and continue to receive the benefits of the Premier Advantage Package. Before deciding to acquire a Westpac Choice account, read the terms and conditions, and consider whether the product is right for you.

Premier Advantage Package Conditions of Use (PDF 56KB)