Westpac home loans

Westpac is one of Australia's Big Four banks. Westpac has home loans for investors and owner-occupiers, including fixed and variable rates and home loan packages. Check out the full table of Westpac products below or read more about the lender and its loans.

Compare Westpac home loans

Hit the "Load more" button to compare a bigger selection of products. You can also find more information on each individual product by clicking "more info".

Westpac key facts

• Westpac is one of Australia's biggest lenders and has a large range of home loan products. This includes package home loans with lots of extra features and simpler loans with just the basics.
• The lender has a nationwide network of physical branches plus phone support and online support.
• You can get some Westpac home loans with a deposit as low as 5%.
• Beyond mortgages, Westpac also offers savings accounts, transaction accounts and term deposits.

_{Review by our senior home loans writer Richard Whitten}

What do Australians think of Westpac home loans?

Owner-occupier home loans

• 4/5 overall for Customer Satisfaction - higher than the average of 3.98
• 4/5 for Trust - lower than the average of 4.36
• 4.1/5 for Customer Service - higher than the average of 3.97

Investor home loans

• 4/5 overall for Customer Satisfaction - higher than the average of 3.98
• 4/5 for Trust - lower than the average of 4.36
• 4.1/5 for Customer Service - higher than the average of 3.97

Based on Westpac home loans scores in Finder's 2024 & 2025 Customer Satisfaction Awards.

Westpac mortgage features

Here are the key features and details you need to know about Westpac's mortgage products.

Feature	Details
Deposit size	You can borrow up to 95% with many Westpac mortgages, including some of its most competitive rates.
Offset account?	Some Westpac loans come with 100% offset accounts, but not all of them do so check carefully before applying.
Repayment options	Westpac's fixed and variable rate loans allow you to make interest-only repayments for a limited period. The lender also offers the standard principal-and-interest repayments on its loans.
Package benefits	Westpac's package home loans offer discounted mortgage rates, offset accounts and fee waivers on the loan and a credit card.

How do I apply for a mortgage from Westpac?

When applying for any home loan, you will need various documents to establish your identity, your financial situation, employment status and details about the property.

Eligibility

The following information is general in nature and applies to most home loans. There may be specific criteria that apply for this lender.

• 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:

📄 Property details. You can start a loan enquiry before you've bought a property. But to complete an application you need the address of the property and a signed contract of sale.

📄 Identification documents. You will need identification such as a driver's licence, 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).

Looking for more mortgage options?

• Big Four banks. Check out interest rates from Australia's Big Four banks.
• Best home loans. Finder's top loan picks every month.
• Cheapest rates. Compare the lowest home loan rates on the market.
• Investors. Compare more loans for property investors.
• Mortgage brokers. Still confused? Get free, expert guidance from a qualified mortgage broker.

Lenders like Westpac

If you're interested in Australia's biggest banks you can also compare loans from Westpac's Big Four rivals.

• NAB
• Commonwealth Bank
• ANZ

More home loan questions

• How do I compare Westpac home loans?

  To make sure you find the right Westpac loan you need a clear idea of what you're looking for in a mortgage. These simple questions can help:

  • Do you want help from an actual person? Because Westpac has a large network of branches, you can talk to staff in person when you need home loan help. This is something online lenders and smaller banks may not be be able offer.
  • What do you need the loan for? If you're buying a home to live in you need an owner-occupier loan. Property investors need an investment loan rate. Westpac has both.
  • Fixed or variable? Do you want the flexibility of a variable rate loan that could rise or fall at any time? Or are you happy to lock in a fixed rate for a certain period so you can forget about rate changes entirely?
  • What features do you need? You need to decide whether you need features like a 100% offset account, the ability to make extra repayments and the option to split your rate.

• Does Westpac offer home loan pre-approval?

  Westpac offers pre-approval and you can apply online or request a callback from a Westpac lending specialist.

  Home loan pre-approval is an optional step in the application process that some lenders offer. Pre-approval means a lender has examined your savings, income and spending habits and has a rough idea of how much it could lend you. It's not the same as full loan approval and it's no guarantee that the lender will ultimately approve a full application. But it does allow borrowers to start looking for a home with more confidence and a clearer idea of their borrowing power.

  Pre-aproval is not something every lender offers, but many do.

• Are there any risks going with a smaller lender?

  Most Australian borrowers bank with one of the Big Four (Commbank, Westpac, NAB and ANZ). They have physical branches and ATMs in the most locations and strong customer support. These are big advantages.

  But if you're worried that smaller lenders are unsafe or less reliable, you probably shouldn't. In Australia, most lenders are authorised deposit-taking institutions (ADIs) and are regulated by the Australian Prudential Regulation Authority (APRA). Almost every lender has a banking license or partners with a bank.

  There's an assumption that interest rates from the Big Four are less competitive than smaller lenders. And while this is broadly true, the gap has shrunk dramatically in recent years. You can get a very good deal from lenders large and small.

• Should I go with a fixed or variable rate?

  Deciding between a fixed or variable rate depends on what you want from the loan. A variable rate loan can change at any time, either up or down. A variable rate usually offers more flexibility in how fast you can repay the loan and the cost of refinancing.

  A fixed rate loan offers total certainty about your rate, for the fixed period. This means it won't rise, costing you more. But if your lender starts lowering rates you won't benefit either. Refinancing a fixed rate loan means breaking the loan, because you've agreed to a specific rate. This means you may have to pay a fixed rate break fee.

• Do I need a mortgage broker?

  Mortgage brokers are home loan professionals who can help you find a suitable loan. A broker typically charges you no fee, because they receive a commission from your lender. Brokers are great if you are short on time or find the whole process of researching and applying for a home loan confusing. But you can definitely do it yourself and find a good loan. You may even find a better deal. That's because brokers don't compare loans from every lender in the market. They have access to a panel of loans and often don't have smaller online lenders in their panel.

Compare other products from Westpac

• Westpac credit cards
• Westpac personal loans
• Westpac business loans
• Westpac car insurance

What is Finder Score?

The Finder Score crunches 7,000 home loans across 120+ lenders. It takes into account the product's interest rate, fees and features, as well as the type of loan eg investor, variable, fixed rate - this gives you a simple score out of 10.

To provide a Score, we compare like-for-like loans. So if you're comparing the best home loans for cashback, you can see how each home loan stacks up against other home loans with the same borrower type, rate type and repayment type. We also take into consideration the amount of cashback offered when calculating the Score so you can tell if it's really worth it.

Read the full Finder Score breakdown