Westpac Home Loans

Rates and Fees verified correct on December 11th, 2016

Relax knowing your home loan is being looked after by a bank with almost 200 years of experience.

Westpac has grown from a single branch in Sydney in 1817 to become one of the largest home lenders, and it also boasts one of the largest branch networks across the country with nearly 1,200 branches and more than 2,900 ATMs.

Westpac maintains a strong presence within Australia, New Zealand and the South Pacific, but it also maintains offices in major financial centres around the world including London, Hong Kong, New York and Singapore.

Westpac has a goal to provide as many of their customer's banking and wealth needs as possible, which is why the company maintains a multi-brand model. This includes brands such as St.George Bank, BankSA, Bank of Melbourne and RAMS Home Loans.

Check out our Westpac home loans comparison below for more details on their latest home loan offers.

Compare Westpac home loans

Rates last updated December 11th, 2016
$
Loan purpose
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Interest Rate (p.a.) Comp Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment
Westpac Flexi First Option Home Loan - 3 Years Introductory Special Offer (New Owner Occupier, P&I)
A limited time deal for new owner occupiers. Advertised rate includes 1.03%p.a. discount for the first two years.
3.99% 4.37% $0 $0 p.a. 95% More info
Westpac Fixed Options Home Loan Premier Advantage Package - 2 Years
A low interest rate home loan and competitive two year fixed rate.
3.99% 4.97% $0 $395 p.a. 95% More info
Westpac Fixed Options Home Loan Premier Advantage Package - 1 Year
Secure a low fixed rate offer plus low ongoing fee.
4.39% 5.07% $0 $395 p.a. 95% More info
4.69% 5.07% $0 $395 p.a. 95% More info
Westpac Premier Advantage Package Variable Home Loan - Rocket Repay ($250,000 to $499,999, P&I)
Receive a discount on your interest rate for borrowing over $250,000 and under $750,000.
4.49% 4.87% $0 $395 p.a. 95% More info
Westpac Premier Advantage Package Variable Home Loan - Rocket Repay ($750,000 and above, P&I)
Enjoy an offset account and discount on your interest rate in return for an annual fee.
4.39% 4.77% $0 $395 p.a. 95% More info
Westpac Fixed Options Home Loan Premier Advantage Package - 5 Years
A competitive interest rate with a host of other discounts on Westpac products.
4.39% 4.97% $0 $395 p.a. 95% More info
Westpac Fixed Options Home Loan Premier Advantage Package - 3 Years
A great package and competitive fixed rate.
4.09% 4.94% $0 $395 p.a. 95% More info
Westpac Fixed Options Home Loan - 1 Year
Fix in a rate for one year and enjoy a range of features such as interest only repayments.
4.59% 5.39% $600 $8 monthly ($96 p.a.) 95% More info
Westpac Fixed Options Home Loan - 3 Years
A fixed rate home loan with a high maximum LVR.
4.29% 5.18% $600 $8 monthly ($96 p.a.) 95% More info
Westpac Rocket Repay Home Loan - Principal and Interest
An option to link a 100% offset account to save on interest
5.29% 5.43% $600 $8 monthly ($96 p.a.) 95% More info
Westpac Equity Access
A flexible option for property owners who want to use the equity to raise funds for other investments
5.65% $600 $10 monthly ($120 p.a.) 95% More info
5.05% $0 $395 p.a. 95% More info
Westpac Premier Advantage Package Variable Home Loan - Equity Access ($250,000 to $499,999)
Take advantage of a competitive interest as part of the Advantage Package.
4.85% $0 $395 p.a. 95% More info
Westpac Premier Advantage Package Variable Home Loan - Equity Access ($750,000 and above)
Access the equity in your home with a discounted interest rate.
4.75% $0 $395 p.a. 95% More info
Westpac Fixed Options Home Loan Premier Advantage Package - 4 Years
A package home loan with a fixed rate interest rate for four years.
4.59% 5.06% $0 $395 p.a. 95% More info
Westpac Low doc Self Employed Home loan - Premier Advantage Package (Rocket Repay $150,000 to $249,999)
Self-employed borrowers can enjoy a special rate discount if their loan amount is between $150000 to $150000 with the Premier Advantage Package.
4.69% 5.09% $355 $395 p.a. 82% More info
Westpac Low doc Self Employed Home loan - Premier Advantage Package (Rocket Repay $250,000 to $499,999)
A flexible loan suited for self-employed borrowers and you can enjoy a special rate discount.
4.49% 4.89% $355 $395 p.a. 82% More info
Westpac Low doc Self Employed Home loan - Premier Advantage Package (Rocket Repay $750,000+)
Get a special interest rate discount on your low doc loan with the Premier Advantage Package.
4.39% 4.80% $355 $395 p.a. 82% More info
Westpac Fixed Options Home Loan - 2 Years
A fixed rate with redraw facility and portability options.
4.19% 5.25% $600 $8 monthly ($96 p.a.) 95% More info
Westpac Fixed Options Home Loan - 5 Years
Make extra repayments on this fixed rate home loan.
4.59% 5.16% $600 $8 monthly ($96 p.a.) 95% More info
Westpac Low doc Self Employed Home loan - Premier Advantage 3 Year Fixed
Fix the interest rate on your low doc home loan for 3 years and be confident in knowing your repayments.
4.09% 5.15% $355 $395 p.a. 80% More info
Westpac Fixed Options Home Loan - 4 Years
A flexible home loan fixed over four years.
4.79% 5.28% $0 $8 monthly ($96 p.a.) 95% More info
Westpac Low doc Self Employed Home loan - Premier Advantage 4 Year Fixed
A 4 years fixed rate home loan suitable for self employed borrowers.
4.59% 5.25% $355 $395 p.a. 80% More info
Westpac Low doc Self Employed Home loan - Premier Advantage 2 Year Fixed
Self-employed borrowers can fix their interest rate for 2 years and access Premier Advantage package benefits.
3.99% 5.21% $355 $395 p.a. 80% More info
Westpac Low doc Self Employed Home loan - Premier Advantage Equity Access ($150k to $249,999)
Enjoy the package benefits of the Premier Advantage package with your low doc home loan.
5.05% $355 $395 p.a. 80% More info
Westpac Low doc Self Employed Home loan - Premier Advantage 1 Year Fixed
A 1 year fixed rate package home loan suitable for self employed borrowers.
4.39% 5.34% $355 $395 p.a. 80% More info
4.75% $355 $395 p.a. 80% More info
Westpac Low doc Self Employed Home loan - Premier Advantage 5 Year Fixed
A 5 years fixed rate home loan suitable for self employed or low doc borrowers.
4.39% 5.14% $355 $395 p.a. 80% More info
Westpac Low doc Self Employed Home loan - Premier Advantage Equity Access ($250k to $499,999)
Self-employed or borrowers who can't fulfil the full documentation requirements can still get package benefits like discounted rate.
4.85% $355 $395 p.a. 80% More info
Rates last updated December 11th, 2016
$
Loan purpose
Offset account
Loan type
Your filter criteria do not match any product
Interest Rate (p.a.) Comp Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment
Westpac Flexi First Option Investment Loan  - 3 Years Introductory Special Offer P&I
A special discounted variable interest rate for you next investment purchase.
4.19% 4.56% $0 $0 p.a. 95% More info
Westpac Rocket Investment Loan - Principal and Interest
Use Westpac's variable home loan to purchase your next investment property.
5.56% 5.70% $600 $8 monthly ($96 p.a.) 95% More info
4.66% 5.04% $0 $395 p.a. 95% More info
Westpac Fixed Rate Investment Property Loan - 10 Year Fixed Rate
Purchase an investment property with this home loan, and enjoy a redraw facility.
6.70% 6.53% $600 $8 monthly ($96 p.a.) 95% More info
6.70% 6.48% $600 $8 monthly ($96 p.a.) 95% More info
4.29% 5.18% $0 $395 p.a. 95% More info
6.70% 6.36% $600 $8 monthly ($96 p.a.) 95% More info
6.00% 5.86% $0 $395 p.a. 95% More info
Westpac Flexi First Option Investment Loan  - Standard P&I
Pay no ongoing fee with redraw facility.
4.91% 4.96% $0 $0 p.a. 95% More info
4.96% 5.33% $0 $395 p.a. 95% More info
4.19% 5.22% $0 $395 p.a. 95% More info
4.59% 5.20% $0 $395 p.a. 95% More info
Westpac SMSF Investment Property Loan - Variable rate
This SMSF Investment variable rate loan allows Australian residents with a SMSF to purchase residential investment property using their SMSF.
5.56% 5.67% $1,500 $0 p.a. 80% More info
4.76% 5.14% $0 $395 p.a. 95% More info
Westpac SMSF Investment Property Loan - 3 Years
This 3 years SMSF Investment property loan allows Australian residents with a SMSF to purchase residential property, with flexible repayment options and flexible terms.
5.09% 5.57% $1,500 $0 p.a. 80% More info
6.20% 6.04% $600 $8 monthly ($96 p.a.) 95% More info
6.50% 6.21% $0 $395 p.a. 95% More info
4.66% 5.34% $0 $395 p.a. 95% More info
6.50% 6.37% $0 $395 p.a. 95% More info
6.50% 6.44% $0 $395 p.a. 95% More info
4.86% 5.32% $0 $395 p.a. 95% More info
4.79% 5.39% $600 $8 monthly ($96 p.a.) 95% More info
5.06% 5.54% $600 $8 monthly ($96 p.a.) 95% More info
Westpac Low doc Self Employed Investment Home Loan  - Premier Advantage 2 Years Fixed Rate
Enjoy a discounted 2 years fixed rate when packaged with the Premier Advantage Package.
4.19% 5.24% $355 $395 p.a. 82% More info
4.49% 5.43% $600 $8 monthly ($96 p.a.) 95% More info
5.41% 5.64% $1,500 $0 p.a. 80% More info
6.55% 6.19% $1,500 $0 p.a. 80% More info
7.05% 6.77% $1,500 $0 p.a. 80% More info
4.39% 5.51% $600 $8 monthly ($96 p.a.) 95% More info
Westpac Low doc Self Employed Investment Home Loan  - Premier Advantage 1 Year Fixed Rate
A 1 year fixed rate home loan designed for business owners who do not have standard proof of income documents.
4.66% 5.36% $355 $395 p.a. 82% More info
7.05% 6.71% $1,500 $0 p.a. 80% More info
7.05% 6.55% $1,500 $0 p.a. 80% More info
5.41% 5.63% $1,500 $0 p.a. 80% More info
5.21% 5.67% $1,500 $0 p.a. 80% More info
4.99% 5.59% $1,500 $0 p.a. 80% More info
4.86% 5.66% $600 $8 monthly ($96 p.a.) 95% More info
4.29% 5.20% $355 $395 p.a. 82% More info
6.50% 6.24% $355 $395 p.a. 82% More info
4.59% 5.22% $355 $395 p.a. 82% More info
6.00% 5.89% $355 $395 p.a. 82% More info
6.50% 6.47% $355 $395 p.a. 82% More info
6.50% 6.40% $355 $395 p.a. 82% More info
4.86% 5.35% $355 $395 p.a. 82% More info

Westpac home loan products

Westpac offers a range of individual home loan products designed to suit a variety of needs. These can be broken down into three main loan types:

Standard Variable Home Loan

The Standard Variable Home Loan range is ideal for any home buyer wanting to take advantage of flexible features. Some features include the ability to link a 100% offset account to a variable home loan and a redraw facility that gives access to any extra funds that may have been paid into the loan account. Customers may also benefit from the discounts available off the standard variable rate under the Premier Advantage Package. These discounts increase as the loan sizes increase, so for anyone with a large mortgage or several mortgages that add up to larger amounts, the discounts can be quite substantial. More about Westpac Standard Variable Home Loans

Fixed Rate Home Loan

Westpac's Fixed Rate Home Loans offer competitive fixed interest rates for anyone who wants certainty that their repayments won't rise throughout the fixed term. It's ideal for those wanting to retain control of the household budget. More about Westpac Fixed Rate Home Loans

Line of Credit Home Loan

Westpac's Line of Credit products allow you to access your equity in a flexible way. This means you're able to deposit money into the account at any time and access it via ATM or electronic banking. Payments are also flexible, as they're calculated based only on the interest due on the outstanding balance, not the entire available credit limit.

More about Westpac Line of Credit Home Loans

Why go with westpac

Optional extras that can be included with a Westpac home loan

Westpac offers a diverse range of optional extras with their home loans. This allows you to tailor your banking products to suit your specific needs. This includes:

The Westpac Premier Advantage Package gives you the ability to bundle banking products that suit your own financial goals. As you select various banking products to include with your home loan, various discounts may apply. Discounts off personal loans and margin loan interest rates may also apply.

The package also includes waived monthly account keeping fees on a Westpac Choice Transaction Account and discounted credit card annual fees. Customers choosing the Premier Advantage Package can also receive various bonuses on fixed term deposit accounts that are higher than the advertised interest rates paid. Additionally, bonuses and further discounts may apply to superannuation accounts and other wealth products.

Benefits of choosing a Westpac home loan

There are multiple benefits to using a Westpac home loan, but perhaps the most common is the ability to tailor your banking needs to suit your specific financial requirements. The products allow you to choose from competitive interest rates and flexible features, along with the ability to incorporate other banking products easily.

First home buyers
  • First home buyers have access to plenty of benefits through Westpac. There is a basic variable product available (Flexi First Option Home Loan) that offers a no-frills home loan with a discounted variable interest rate for those who wish to keep interest charges to a minimum. The fixed rate home loans available also offer highly competitive rates, so first home buyers can benefit by locking in their rate to help avoid any future interest rate increases. This allows them the security of knowing their repayments won't rise until the fixed term ends.
Refinancers
  • Choosing to refinance your existing mortgage over to Westpac can give you access to plenty of flexible home loan options, whether you're refinancing to access better interest rates or to increase your loan amount to pay for home renovations.
  • If you choose a variable rate, you have the option of choosing a discounted Rocket Repay Home Loan with a very low-interest rate or a standard variable loan under the Premier Advantage Package. This package offers discounts on the standard variable rate depending on the loan amount.
Investors
  • The Premier Advantage Package offers discounts that increase with the size of the loan. For investors with multi-property portfolios, this gives them aggregate borrowing that may entitle them to discounts off the standard variable rate over and above the advertised discount rates.
  • The Rocket Repay Investment Home Loan can be easily set to interest-only repayments. The interest-only period extends for five years initially, but this can be extended for a further five years with a simple phone call to the bank. The package allows you to link a 100% offset account to any of your home loan accounts, which provides you with a transaction account with no ongoing monthly fees. Further discounts off other banking products, including insurance and margin loans may also apply. A Westpac credit card can also be linked to the account.
  • If you want more security when it comes to your repayments, Westpac also offers the Fixed Rate Investment Property Loan that allows you to fix the interest rate for up to 15 years.

Estimate your home loan repayments by filling in some of your details

Applying for a Westpac home loan

westpac-home-loan-application

Applying for a Westpac home loan is very simple, but you will need to prepare some information before you submit your application.

You must be over 18 and a permanent resident of Australia. You will also need to provide some form of income verification. This might be recent payslips, tax returns or an employment contract. If you have other forms of income coming into the household, you should verify these too. These might include family allowance payments or investment income.

Self-employed applicants will need to provide business or company tax returns for two full financial years. Westpac may also ask to see personal tax returns for the same period of time. This will need to include a full profit and loss statement and a balance sheet.

The home loan application will ask you to fill in some details about your current financial situation. This will include any details about your monthly expenses and any repayments you currently make on any outstanding debts you have. You'll also need to provide any information of other expenses you might be paying, such as HECS/HELP debts or child support payments.

Westpac will ask you to verify evidence of your savings history by providing bank statements for your savings account. If you're refinancing, you can do this by providing existing mortgage statements. If you're buying a home, you will need to provide a copy of the fully executed, signed Contract of Sale for the property.

Westpac offers an online home loan enquiry form that allows you to enter your details and information at a time that suits you, or request a call-back from a Westpac banker at a time you would prefer.

Compare Westpac home loans

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This page was last modified on 16 November 2016 at 18:39.

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10 Responses to Westpac Home Loans

  1. Default Gravatar
    jeanette | September 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

    • Staff
      Marc | September 15, 2015

      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,
      Marc.

  2. Default Gravatar
    dina | June 15, 2015

    hi i am not trusting my bank statment
    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

    • Staff
      Belinda | June 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,
      Belinda

  3. Default Gravatar
    Jan | November 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.

    Thanks

    • Staff
      Shirley | November 3, 2014

      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).

      Cheers,
      Shirley

  4. Default Gravatar
    Linda | February 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

    regards

    Linda

    • Staff
      Shirley | February 7, 2014

      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.

      Cheers,
      Shirley

  5. Default Gravatar
    Dan | August 16, 2013

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

    • Staff
      Shirley | August 16, 2013

      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,
      Shirley

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