Skip to main content Skip to main navigation
Skip to accessibility page Skip to search input

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

Available for new home loan refinance applications submitted by 30 September 2019 and loan settled by 30 November 2019 with the Premier Advantage Package.*

$250k min loan per property and $395 annual package fee applies. Excludes Westpac Group refinances.^ 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 home loan refinance applications received from 1 July 2019 to 30 September 2019, with loan settled by 30 November 2019 and taken as part of the Premier Advantage Package. Offer current as at 1 July 2019. $250k min loan per property refinanced. Only 1 cashback per property refinance will be paid regardless of the number of loans involved. Offer may be varied or withdrawn at any time. Excludes switches and refinances of home loans within the Westpac Group, which includes Westpac, St.George, Bank of Melbourne, BankSA and RAMS. Not available for Owner Occupier Interest Only loans or residential lending originated under family or company trusts. 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. The cashback will be automatically deposited into this account within 60 days after settlement.

*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 1MB)