Westpac Home Loans
Westpac Bank have received some bad press over the last year, most of it of their own making, but not much of which is worth hanging onto. Most memorable for home owners and those searching for a home loan product were the continued and inflated increases Westpac made to their standard variable interest rates, often above and beyond the RBA’s own increases. However, financial analysts are now expecting little movement from Westpac in the future, while the other banks and financial institutions will continue to slip in rise after rise.
This means that other Australian banks big and small are likely to catch up to the slightly higher SVR of Westpac anyway while Westpac customers can enjoy a steady time of reprieve from rate increases. Therefore, as Westpac stays their hand in a lesson learnt, you can take the time to consider the home loan products and features which can help you shield yourself from future RBA decisions, and make managing your mortgage easy and affordable.
Featured Westpac Home Loans
| Home Loan | Details | Interest Rate (p.a.) | Comp Rate^ (p.a.) | App Fee / Ongoing Fee | Max LVR | Min & Max Borrowing | |
|---|---|---|---|---|---|---|---|
 Westpac Flexi First Option Home Loan |
Westpac Basic Low Variable Interest Rate Loan | 6.66% | 6.71% | $600 / $0 | 92% | $25,000 / $10,000,000 |
 
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Westpac Equity Access |
Retrieve your hard earned equity and cover home repairs or fund other ventures. | 7.51% | $600 / $10 | 92% | $25,000 / $10,000,000 |
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Westpac Premier Advantage Package ($150,000 – $249,999) (Pro Pack) |
Flexible features including redraw, top-up and flexible access methods. | 6.96% | $0 / $395 | 92% | $150,000 / $249,999 |
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Westpac Premier Advantage Package ($250,000 plus) (Pro Pack) |
Premier Advantage Package ($250,000 plus)(Pro Pack) | 6.66% | $0 / $395 | 92% | $250,000 / $10,000,000 |
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Westpac Rocket Repay Home Loan |
Take advantage of 100% offset account, redraw and extra repayments. | 7.36% | 7.49% | $600 / $8 | 92% | $25,000 / $10,000,000 |
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Westpac Variable Rate Investment Property Loan |
Features 100% offset transaction account and extra repayments free of charge. | 7.36% | 7.49% | $750 / $8 | 92% | $10,000 / $10,000,000 |
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Westpac Fixed Rate Investment Property Loan |
A secure loan with flexible options for your investment. | 6.39 (3 Years)% | 7.38% | $600 / $8 | 80% | $15,000 / $10,000,000 |
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Westpac Flexi First Option Investment Loan |
A loan tailored for the first time investor with no monthly or annual maintenance fees. | 6.66% | 6.71% | $600 / $0 | 92% | $25,000 / $10,000,000 |
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Westpac Rocket Investment Loan |
One of the most sought after investment loans on the current market. | 7.36% | 7.49% | $600 / $8 | 92% | $25,000 / $10,000,000 |
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Westpac Home Loans
The range of Westpac home loans can suit owner occupiers, investors, first home buyers or those upgrading their home, and each loan can be further customised to add the features you need, or to qualify you for a discounted interest rate. You can choose from:
- Standard variable loans. Westpac’s standard variable loan option allows you to add a loan package to be eligible for a discount of up to 0.7% interest. You also pay no monthly fee on your loan account and can enjoy features such as a 100% offset account, additional repayments, redraw and repayment holidays for free.
- Basic standard variable loan. For a lower interest rate you can pay as you go for the loan features you use for example you can make additional repayments, but redraw is charged a fee, but there remains no monthly fee.
- Fixed home loans. You can choose a fixed term from 1 to 5 years, 7 years or ten years and add a home loan package to qualify for a 0.2% discount.
- Line of credit. You can again enjoy a 0.7% discount if you choose on a line of credit loan from Westpac, not that you have to worry about your repayments at all until you reach your credit limit. You can make additional repayments to your loan amount, but are discouraged from withdrawing those funds with a redraw fee.
Westpac Fixed Rate Loan Options
| Home Loan | Details | Interest Rate (p.a.) | Comp Rate^ (p.a.) | App Fee / Ongoing Fee | Max LVR | Min & Max Borrowing | |
|---|---|---|---|---|---|---|---|
Westpac Fixed Options Home Loan – 1 Year Fixed Rate |
Allows extra repayments of up to $25,000 in the fixed rate period free of charge. | 6.69% | 7.86% | $600 / $8 | 87% | $15,000 / $10,000,000 |
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Westpac Fixed Options Home Loan – 2 Year Fixed Rate |
Interest only loans of up to 10 years available. | 6.69% | 7.74% | $600 / $8 | 87% | $15,000 / $10,000,000 |
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Westpac Fixed Options Home Loan – 3 Year Fixed Rate |
Discount of up to 0.2% offered with home loan package. | 6.64% | 7.63% | $600 / $8 | 87% | $150,000 / $10,000,000 |
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Westpac Fixed Options Home Loan – 5 Year Fixed Rate |
Redraw, loan portability and repayment holiday offered. | 7.19% | 7.68% | $600 / $8 | 87% | $15,000 / $10,000,000 |
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Westpac Home Loan Benefits
When you choose a Westpac home loan you can choose much more than just a fixed or variable interest rate and can customise the loan to suit you. for example, you can add a Premier Advantage Package, which qualifies you for:
- Discounted interest rates.
- Savings on monthly service fees for Westpac bank accounts.
- Savings on annual fees for Westpac credit cards.
- Discounted insurance products.
- Bonuses and discounts on superannuation and investment products.
Most Westpac home loans can also be used with an investment loan option so you can choose interest only repayments for example. Plus, Westpac offers a long interest only period of up to 10 years so you can maximise the tax benefits on your investment for the longest possible time, and very likely cash in on your investment growth at the end of the interest only period.
Related Resources
- Westpac Equity Access
For more information regarding how to apply for an Equity Access Home Loan through Westpac, or to enquire about Westpac's competitive interest rates and various Home Loan Products available, get all the information you need from Home Loan Finder as we can help you through the comparison and application process from start to finish. - Westpac Five Year Fixed Options Home Loan (5 Years)
- Westpac Fixed Options Home Loan (1 Years)
- Westpac Fixed Options Home Loan (2 Years)
- Westpac Fixed Options Home Loan (3 Years)
- Westpac Fixed Rate Investment Loan
- Westpac Fixed Rate Investment Property Loan
Fixed rate loans will protect you from increases in interest rate changes, so that you can budget for your repayments. Westpac Fixed Rate Investment Property Loans are ideal for owner-occupiers or investors who want to manage their money with certainty. - Westpac Fixed Rate Investment Property Loan Interest Only in Advance
- Westpac Flexi First Option Home Loan
The Westpac flexi first option home loan is a home loan that allows the customer to pay for the features they use as they use them. If you are a stickler for value and order then this could be the loan for you. This offering from Westpac offers something of a middle ground between a basic home loan and a full featured mortgage package. The Westpac Flexi First Option Home Loan features a low rate and a full range of other options that you can access - only paying for them when used. For more information, read on! - Westpac Flexi First Option Investment Loan
Westpac offers a flexible and inclusive investment loan if you are looking at making a move into the property market to start or expand your investment portfolio. Find out more about how the features of the Westpac Flexi First Option Investment Loan work, and let Home Loan Finder help you decide if they’re right for you. - Westpac Premier Advantage Package ($150,000-$249,999)(Pro Pack)
- Westpac Premier Advantage Package ($250,000 plus)(Pro Pack)
- Westpac Premium Option Home Loan
The Rocket Repay Home Loan gives you a great loan with low interest rates and the ability to save money while paying off your loan. To find out more about the Rocket Repay Home Loan read this article. - Westpac Rocket Investment Loan
When you are choosing a residential property loan for an investment purchase or build, consider the Westpac Rocket Investment Loan as it is full of all the features to help manage your investment, and ensure the highest profit margin and return. - Westpac Rocket Repay Home Loan
If you are looking for value and flexibility in your home loan consider the Westpac Rocket Repay Home Loan as you can have all the features you want and need in a home loan, while Home Loan Finder can guarantee you an interest rate on your loan amount, lower than the brokers can get you. - Westpac Variable Rate Investment Property Loan
If you are considering an investment loan read this article and find out more about the Rocket Investment Loan. The Rocket Investment Loan is a variable rate investment loan that gives you the flexibility and the low rates you are looking for in an investment loan.
Related Posts
- Westpac Fixed Rate Investment Property Home Loan
Homeowners are always looking for ways to save money. The right home loan can provide exactly what they need. For more information you should read on... - Combination Loan
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