Westpac Home Loans

Compare Westpac mortgage rates, fees and features.

No reviews yet. Write a review

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!

On this page you can find information about Westpac home loans. Skip ahead to the full table of products or read more about the lender.

Compare Westpac home loans

Compare Westpac home loan products below and hit "load more" to see a fuller selection of loans. "Enquire now" will open up a form where you can leave your details and get in touch with a mortgage broker, who can help you get more information about this loan and compare other, similar products. You can also find more information on each individual product by clicking "more info".

Name Product Interest Rate (p.a.) Comp. Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment
Westpac Flexi First Option Home Loan
2.72% p.a.
$8 monthly ($96 p.a.)
Up to $3,000 refinance cashback.
A flexible and competitive variable rate loan. Eligible borrowers refinancing $250,000 or more can get $2,000 cashback per property plus a bonus $1,000 for their first application. Other conditions apply.
Westpac Fixed Option Home Loan Premier Advantage Package
3.48% p.a.
$395 p.a.
Up to $3,000 refinance cashback.
Lock in a low fixed rate for 2 years and buy your home with a 5% deposit. Eligible borrowers refinancing $250,000 or more can get up to $3,000 cashback. Other conditions apply.
Westpac Fixed Option Home Loan Premier Advantage Package
3.97% p.a.
$395 p.a.
Up to $3,000 refinance cashback.
This package loan offers investors a competitive fixed rate that allows for extra repayments. Eligible borrowers refinancing $250,000 or more can get $2,000 cashback per property plus a bonus $1,000 for their first application. Other conditions apply.

Compare up to 4 providers

Westpac lender profile

Westpac mortgage features

Westpac has a range of mortgages that are aimed towards different segments of the market. It offers loans for first home buyers, investors, those looking to refinance, and those who want to access their existing home equity.

Deposit sizeYou can borrow up to 95% with many Westpac mortgages.
Split rateThe Westpac Variable Rate Premier Advantage Package allows you to split your loan into fixed and variable portions.
Interest onlyMost Westpac loans have interest only options available, usually with slightly higher interest rates.
Offset AccountThere is an offset account offered with the Westpac Variable Rate Premier Advantage Package loan.

How do I apply for a Westpac mortgage?

Clicking "Enquire now" on the Westpac comparison table lets you get in touch with a qualified mortgage broker whose lending panel includes Westpac and many other lenders. They can offer you free advice and guidance on the product you're interested in.


Each Westpac product has specific eligibility criteria but some will apply to all products. For example:

  • Age. You must be over 18 years of age.
  • Residency. You should be a resident of Australia.
  • Employment. You should have a regular source of income.

Documents required

When you apply for a mortgage with Westpac you are required to provide certain information so make sure you have all your documents ready before you apply. The documents you will be expected to provide are:

  • Identification documents. You will need identification such as a driver's license, passport or birth certificate.
  • Proof of income documents. Recent payslips can establish your income.
  • Asset and liability documents. You need to provide documents showing your current assets (savings accounts, investments) and liabilities (your outstanding debt).

Detailed guide to home loan applications and paperwork

Looking for more mortgage options?

More guides on Finder

Home Loan Offers

Important Information*

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.

10 Responses

    Default Gravatar
    jeanetteSeptember 14, 2015

    We are selling our home to live on a boat. A oat has come up that we like but we would need bridging finance of 155000. Can you help? Thank you

      Avatarfinder Customer Care
      MarcSeptember 15, 2015Staff

      Hi Jeanette,
      thanks for the question.

      Unfortunately as we’re not Westpac but rather a comparison service, we cannot answer this. I would recommend you contact Westpac directly for more information. Note that some lenders might not offer a bridging loan in this situation as they will not classify the boat as security in the same way residential property is, meaning they might recommend a personal loan to finance the boat rather than a home loan. It would be useful to contact a mortgage broker directly for more information.

      I hope this helps,

    Default Gravatar
    dinaJune 15, 2015

    hi i am not trusting my bank statement
    because i am not able to understand them?
    when i asked at the bank what this charges mean? she said she will have to find out as she is not sure?
    this is a personal banker that i see all the time and knows my loan very well.
    what do you think ? please

      Default Gravatar
      BelindaJune 15, 2015

      Hi Dina,

      Thanks for your enquiry.

      You’ve come through to finder.com.au which is an online comparison service, so please note that we don’t represent Westpac or their home loan products.

      Without knowing which charge your referring to, I’m afraid we can’t be of much assistance.

      Your best course of action would be to wait and speak with a Westpac representative again.

      Kind regards,

    Default Gravatar
    JanNovember 1, 2014

    Hi as a non resident but a NZ citizen, can I apply for a home loan with Westpac, and/or be on the same loan document as an Australian resident.


      Avatarfinder Customer Care
      ShirleyNovember 3, 2014Staff

      Hi Jan,

      Thanks for your question.

      Yes this possible, though you are still required to meet Westpac’s lending criteria.

      Also, you’ll need to apply over the phone or within a branch (remember to bring all your documentation with you).


    Default Gravatar
    LindaFebruary 6, 2014

    Currently we do all our banking with Commonwealth bank, we have an Investment Home loan for 398000 and our residential home loan of 498000,
    what benefits would we receive if we switched to Westpac



      Avatarfinder Customer Care
      ShirleyFebruary 7, 2014Staff

      Hi Linda,

      Thanks for your comment.

      This question is probably best directed at Westpac. Their point of difference would probably best their customer service, as their interest rates are generally the same.


    Default Gravatar
    DanAugust 16, 2013

    Hi, Do you do the DHOAS scheme through Westpac for current serving members?

      Avatarfinder Customer Care
      ShirleyAugust 16, 2013Staff

      Hi Dan,

      Thanks for your comment.

      Westpac Banking Corporation provides the DSH home loan, but there some conditions. You should discuss this first with Westpac before committing to anything.

      Hope this helps,

Go to site