Westpac Fixed Rate Investment Property Loan

Invest in property and enjoy the security of knowing that your rate won't change during the fixed period.

When you choose the Westpac Fixed Rate Investment Property Loan for your investment property purchase, you have the ability to lock in fixed repayments for up to 5 years.

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Review by

Richard Whitten is a money editor at Finder, and has been covering home loans, property and personal finance for 6+ years. He has written for Yahoo Finance, Money Magazine and Homely; and has appeared on various radio shows nationwide. He holds a Certificate IV in mortgage broking and finance (RG 206) and a Tier 1 Generic Knowledge certification (RG 146).

Expert review

Locking in a fixed rate offers peace of mind and certainty about your repayments. But refinancing or repaying the loan early becomes more difficult.

About this loan

What are the features and benefits of the Westpac Fixed Rate Investment Property Loan?

  • Loan-to-Value Ratio (LVR). You can borrow up to 80% of the property's value without insurance, or 95% with Lender's Mortgage Insurance (LMI). Existing Westpac customers may borrow up to 97%.
  • Loan terms. You can have a loan term of up to 30 years to pay off this home loan.
  • Repayment types. You can apply to make interest-only repayments for up to 15 years with this fixed rate loan. You can also take advantage of interest-only payments in advance and get a discounted interest rate for paying it one year in advance. Extra repayments of up to $30,000 are also allowed, which can help you repay your loan sooner and save on interest.
  • Portability. You are allowed to bring your loan to a new home, but this comes with a fee of $300.

How to apply

To find out more about this loan, or to apply, click the 'Go to site' button below. This will take you to the Westpac website where you can arrange a callback or start an application. To arrange a callback, you'll need to enter your contact details.

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