
Split your home loan
Why split your home loan into fixed and variable accounts?

Lock in some certainty
Know what your interest rate and repayments will be on your fixed loan for the full 1-5 year term.

Make additional repayments
Get ahead on your variable rate loan with no cap on extra repayments and no associated break costs.

Save interest with an offset
Keep funds in an offset account to reduce the amount of interest you pay on your variable loan balance.

Use extra funds if you need to
You can treat your offset as a transaction account or redraw extra variable loan repayments if needed.
How to split your Westpac home loan
New home loan
Apply online and one of our home lending specialists will phone to talk you through how a split loan works, and what it means for you.
Existing home loan
You can choose to fix part of all of your variable rate loan balance in Westpac Live online banking. Sign in, open the drop-down menu (next to your variable rate loan on your dashboard) and select 'Switch to fixed rate loan'.
4.39% p.a. (4.09% p.a. comparison rate*)
Featured 2 year fixed rate^^ on the Fixed Options Home Loan
Applies to owner occupier home loans with principal and interest repayments with a Premier Advantage Package# ($395 annual package fee applies). Available with new fixed rate loans or to existing variable rate loan customers looking to fix all or part of their loan. These rates do not apply to existing fixed rate loans.
Credit criteria and T&Cs apply.Things you should know
Applying for a Westpac Home Loan (PDF 403KB)
Premier Advantage Package Conditions of Use (PDF 88KB)
*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.
#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)