Westpac Home Loans

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

Westpac and Velocity special offer

Westpac has partnered with Velocity to offer Velocity Frequent Flyer Points to new Premier Advantage Package home loan customers. Borrowers who take out a home loan of $250,000 or more can receive 200,000 Velocity Points, while borrowers who take out a home loan of $1,000,000 or more can receive 500,000 Velocity Points.
The offer is available to new borrowers who apply for the Premier Advantage Package between 01 October 2018 and 31 January 2019 and who settle by 31 March 2019. A $395 package fee and other terms and conditions apply.
Rates last updated November 15th, 2018
$
Loan purpose
Offset account
Loan type
Repayment type
Your filter criteria do not match any product
Name Product Interest Rate (p.a.) Comp Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment Short Description
3.89%
4.99%
$0
$395 p.a.
95%
Low deposit package loan with a range of discounts. Earn up to 500,000 Velocity Points to spend on flights, hotels and more.
3.89%
4.92%
$0
$395 p.a.
95%
Competitive fixed rate package loan. For a limited time you can earn Velocity Points to spend on hotels and flights.
4.09%
5.09%
$0
$395 p.a.
95%
Secure a competitive 1-year fixed rate with low ongoing fees. Score 200-500,000 Velocity Points when you get this loan.
3.98%
3.99%
$600
$0 p.a.
95%
Get a 1% discount for the first two years of your loan and pay no application or ongoing fees.
3.89%
4.92%
$0
$395 p.a.
95%
A fixed rate loan with low ongoing fee and redraw facility.
4.09%
4.87%
$0
$395 p.a.
95%
A competitive fixed rate offer from one of the Big Four banks.
4.58%
4.96%
$0
$395 p.a.
95%
Receive a discount on your interest rate for borrowing over $250,000 and under $750,000.
4.78%
5.16%
$0
$395 p.a.
95%
A package loan with a discounted rate.
4.48%
4.86%
$0
$395 p.a.
95%
Enjoy an offset account and discount on your interest rate in return for an annual fee.
4.09%
4.87%
$0
$395 p.a.
95%
You can save on several Westpac products by packaging your 5-year fixed rate home loan. Unlock Velocity Points for borrowing over $250,000 and get more out of your mortgage.
4.29%
5.41%
$600
$8 monthly ($96 p.a.)
95%
Fix in a rate for one year and enjoy a range of features such as interest only repayments.
4.09%
5.17%
$600
$8 monthly ($96 p.a.)
95%
A fixed rate home loan with a high maximum LVR.
5.38%
5.52%
$600
$8 monthly ($96 p.a.)
95%
An option to link a 100% offset account to save on interest
6.56%
$600
$10 monthly ($120 p.a.)
95%
A flexible option for property owners who want to use the equity to raise funds for other investments
5.96%
$0
$395 p.a.
95%
An equity loan with package interest rate discounts.
5.76%
$0
$395 p.a.
95%
Take advantage of a competitive interest as part of the Advantage Package.
5.66%
$0
$395 p.a.
95%
Access the equity in your home with a discounted interest rate.
4.29%
4.99%
$0
$395 p.a.
95%
Fix your rate for four years, access package discounts on several Westpac products. As a limited time bonus, score Velocity Points to spend on flights, hotels and more.
4.09%
5.27%
$600
$8 monthly ($96 p.a.)
95%
Get the stability of a 2-year fixed rate with the flexibility of great features.
4.29%
5.06%
$600
$8 monthly ($96 p.a.)
95%
Make extra repayments on this fixed rate home loan.
4.49%
5.21%
$600
$8 monthly ($96 p.a.)
95%
A flexible home loan fixed over four years.

Compare up to 4 providers

Rates last updated November 15th, 2018
$
Loan purpose
Offset account
Loan type
Repayment type
Your filter criteria do not match any product
Name Product Interest Rate (p.a.) Comp Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment Short Description
4.48%
4.49%
$0
$0 p.a.
95%
A low deposit investor mortgage with a discounted, competitive rate from one of the big 4 banks.
5.93%
6.07%
$600
$8 monthly ($96 p.a.)
95%
Purchase an investment property with a variable rate mortgage from one of the big 4 banks. No settlement fee.
5.03%
5.40%
$0
$395 p.a.
95%
Fund your property portfolio while unlocking package discounts. As a bonus, you can get 200,000 Velocity Points to spend on travel and more.
4.19%
5.39%
$0
$395 p.a.
95%
5.28%
5.33%
$600
$0 p.a.
95%
Pay no ongoing fee with redraw facility.
5.33%
5.69%
$0
$395 p.a.
95%
Variable investor rate for customers looking to borrow a small amount. Access package discounts.
3.95%
5.44%
$0
$395 p.a.
95%
4.49%
5.34%
$0
$395 p.a.
95%
5.13%
5.50%
$0
$395 p.a.
95%
Package loan for investors. Earn 200,000 Velocity Points to spend on flights, hotels and more.
4.49%
5.61%
$0
$395 p.a.
95%
4.79%
5.51%
$0
$395 p.a.
95%
4.69%
5.54%
$600
$8 monthly ($96 p.a.)
95%
4.99%
5.73%
$600
$8 monthly ($96 p.a.)
95%
4.39%
5.64%
$600
$8 monthly ($96 p.a.)
95%
4.15%
5.72%
$600
$8 monthly ($96 p.a.)
95%
4.69%
5.94%
$600
$8 monthly ($96 p.a.)
95%
A competitive fixed rate home loan with extra repayments available.

Compare up to 4 providers

Compare Westpac home loans

You can compare a range of Westpac mortgages in the tables below. If you want expert help applying for any of the loans on this page hit the "Enquire Now" button and leave your details. Then a lending specialist will call you back and talk you through your mortgage options. It's completely free and the specialist can help you with everything from comparison and mortgage application through to settlement day.

History of the Westpac group

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 has a goal to provide as many of their customers' 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.

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 could be a good option 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.

More about Westpac Standard Variable Home Loans

Fixed Rate Home Loan

Westpac offers competitive fixed interest rates for anyone who wants certainty that their repayments won't rise throughout the fixed term.

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. You can 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 offers discounts when you bundle banking products that suit your own financial goals.

The package 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 bonus interest on fixed term deposit accounts as well as bonuses and further discounts for superannuation and other wealth products.

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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10 Responses

  1. 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

    • finder 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,
      Marc.

  2. 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

    • finder Customer Care
      BelindaJune 15, 2015Staff

      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
    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.

    Thanks

    • finder 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).

      Cheers,
      Shirley

  4. 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

    regards

    Linda

    • finder 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.

      Cheers,
      Shirley

  5. Default Gravatar
    DanAugust 16, 2013

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

    • finder 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,
      Shirley

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