Westpac Online Investment Loan
Designed for direct investors, and integrated with a Westpac Online Investing account, our simplified share trading loan is a smart way to help you build a diversified share portfolio.
- Integrate your loan with a Westpac Online Investing account
- Simplified share trading loan, the complete picture of your borrowings and shares in the one place
- Borrow up to $500,000^ against a range of approved securities including ASX 200 listed shares, Exchange Traded Funds and Managed Funds
- 24/7 access, flexible repayments and no application, establishment or transaction fees
- Receive preferential variable and fixed rates
- Trade from $19.95 or 0.11% of the trade value (whichever is greater)^^
- Trade on the go through desktop computer, phone or tablet
- Newsfeeds and ASX announcements.
For more information on gearing and margin loans read:
A BT Margin loan may be more appropriate for investors wanting to borrow to invest over a wide universe of shares or wanting to borrow greater than $500,000. Find out more
Westpac Online Investment Loan
|Application Fee, transaction fee, establishment fee||NIL|
|Internet Trading Brokerage (GST Inclusive)||$19.95 or 0.11%*|
|* Brokerage is calculated as the greater of the minimum brokerage or percentage of the transaction amount.|
Integrated Westpac Online Investing Loan rates
Variable Interest Rate
|Variable Interest Rate||5.20% p.a. (effective from 1st September 2016)|
Rates (Pre-paid interest is not refundable)
|3 months pre-paid||4.70% p.a.|
|6 months pre-paid||4.70% p.a.|
|9 months pre-paid||4.70% p.a.|
|12 months pre-paid||4.70% p.a.|
|2 years pre-paid||5.49% p.a.|
|3 years pre-paid||5.84% p.a.|
Interest can be pre-paid on fixed rates for terms of 3, 6, 9 or 12 months.
The LVR determines the amount Westpac Online Investment Loan will let you borrow against an individual security. With Westpac Online Investment Loan, LVRs are up to 75%, depending on the particular security.
Approved Securities List
You can save time and money by setting up an integrated Westpac Online Investing and Investment Loan account, and settling directly to your investment loan. Other features include:
Use this form to set up or change a direct debit arrangement so that you can credit or debit your bank account from your investment loan. You can use this form to request either a one-off deduction or regular deductions.
Use the Australian Standard Transfer Form (ASTF) to lodge managed funds as security on your investment loan. This includes lodging third party security. Completed forms must be returned by post and not faxed.
Things you should know
From 12 November 2016, the existing unfair contract term protections for consumers will also cover standard form small business contracts. As part of our focus to continually improve the products and services we provide to our customers, we have reviewed our contracts for potentially unfair terms and we are now implementing some changes to them as a consequence of that review. Read more about the .
^ Lending criteria applies.
^^ Trade online from $19.95 or 0.11% of the trade value (whichever is greater) when you settle through a Westpac Cash Investment Account, Westpac Online Investing Loan or DIY Super Working Account. Please refer to the for full brokerage rates. The Westpac Cash Investment Account and Online Banking are issued by Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233713. Conditions, fees and charges apply. Read the before deciding.
This is current as at 4 March 2015. Share trading with Westpac Online Investing is a service provided through Westpac Securities Limited ABN 39 087 924 221, AFSL 233723 ('Westpac Securities') by Australian Investment Exchange Ltd ABN 71 076 515 930, AFSL 241400 ('the Participant'), a participant of the ASX Group and Chi-X Australia. The Participant is not authorised to carry on business in any jurisdiction other than Australia. Accordingly, the information contained in this email is directed to and available for Australian residents only. You should read the Financial Services Guide ('FSG'), which provides you with the services the Participant and Westpac Securities can provide. You can access the FSG via westpac.com.au/onlineinvesting. This information has been prepared without taking account of your personal objectives, financial situation or needs. For this reason, before acting on the information you should consider whether it is appropriate to you. Investment in securities and derivatives involves risk. Share prices rise and fall. The payment of dividends and the return of capital are not guaranteed.
BT Securities Limited ABN 84 000 720 114 and Westpac Banking Corporation ABN 33 007 457 141 are together the issuers of the Westpac Online Investment Loan - Product Disclosure Statement ('PDS'). This information has been prepared without taking into account your personal objectives, financial situation or needs. For this reason, before acting on the information you should consider its appropriateness to your objectives, financial situation and needs and consider the disclosure documents which include the PDS. The PDS and other disclosure documents are relevant when deciding whether to acquire or hold this product and are available at westpac.com.au
“From 12 November 2016, the existing unfair contract term protections for consumers will also cover standard form small business contracts. As part of our focus to continually improve the products and services we provide to our customers, we have reviewed our contracts for potentially unfair terms and we are now implementing some changes to them as a consequence of that review. Read more about these changes to the unfair contract term protections for consumers.