Westpac Rocket Repay Home Loan
Own your home sooner with the Westpac Rocket Repay Home Loan, including a linked offset account
If you are looking for a home loan that offers a competitive variable interest rate and is packed with features that are designed to save you money and help you cope with any changes that may arise in the future, then the Westpac Rocket Repay Home Loan might be for you. This home loan offers a redraw facility, offset account and lets you top up your mortgage.
Richard Whitten is an editor at Finder, and has been covering home loans and the property market in Australia for the last 4 years. He has written for Yahoo Finance, Money Magazine and Homely, as well as multiple banks and lenders. Richard has a Certificate IV in Finance and Mortgage Broking, a Bachelor of Education from the University of Sydney and a Graduate Certificate in Communication. He enjoys helping people understand the ins and outs of mortgages so they can make smarter property decisions. Richard trained as a high school teacher but found it easier to manage personal finances than a classroom full of kids. Before joining Finder, he edited textbooks and taught English in South Korea.
This home loan is available for first home buyers, owner-occupiers, refinancers and can be used as a construction option.
About this loan
What are the features and benefits of the Rocket Repay Home Loan?
- Repayment flexibility. You can repay your loan either weekly, monthly or fortnightly. You also have the option to make extra repayments or increase your repayment amount without worrying about incurring any extra fees.
- Interest-only option. You can make interest-only payments on the Westpac Rocket Repay home loan for up to 5 years. Some conditions may apply.
- Package with the Premier Advantage Package. You are able to package this loan with the Westpac Premier Advantage Package. This package has an annual fee of $395 and gives you a complete banking solution by providing a discount off the standard variable rate and waiving your establishment fee. You will also have access to an everyday transaction account with no monthly fees, as well as a credit card with no annual fee and discounts off Westpac's insurance products.
- Loan top-up. This features offers you the ability to increase the size of your home loan if you need to access additional funds. The loan top-up carries a $400 fee and is subject to the bank's approval, but can save you from paying common refinancing costs.
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.