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  • Westpac Fixed Options Home Loan

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    home loans

    • 6.19%3 years

    • 6.96%

    • $8.00Monthly

    • $600

    Rates

    Variable rate
    none
    Intro rate
    none
    Intro rate term
    none
    Intro rate type
    none
    Comparison Rate*
    6.96%
    Fixed 1 year rate
    6.19%
    Fixed 2 year rate
    6.49%
    Fixed 3 year rate
    6.19%
    Fixed 4 year rate
    6.99%
    Fixed 5 year rate
    6.99%
    Fixed 7 year rate
    7.99%
    Fixed 10 year rate
    7.99%
    Fixed loan revert rate
    7.09%

    Fees

    Application fee
    $600.00
    Legal fee
    $
    Valuation fee
    $
    Settlement fee
    $
    Other upfront fee (% of loan)
    none
    Service fee
    $8.00Monthly
    Discharge fee
    $150.00
    Early Exit Fee after 1 year assuming $300,000 loan
    fixed rate
    break fees

    Features

    Repayment Frequency
    Weekly, Fortnightly, Monthly
    Extra repayments
    yes - free up to $25,000 in fixed rate period
    Repayment holidays
    yes
    Redraw facility
    yes - $25,000 max
    Minimum redraw amount
    $
    Split account
    yes
    Offset account
    no
    Other restrictions
    none
    Other benefits
    none

    Other financial bits

    Minimum loan amount
    $15,000.00
    Maximum loan amount
    $

    About Westpac

    As Australia’s first bank, Westpac has been serving customers since 1817! Now that Westpac has merged with St George to create Australia’s largest financial services company. Westpac customers will benefit from things like being able to use both banks’ ATM networks without paying any extra fees. So if you’re after the security offered by a major bank, check out Westpac’s range of banking products such as savings accounts, home loans, personal loans, credit cards and other financial services such as its car and home and contents insurance.

    How are Westpac home loans rated by the Mozo community?

    Product Type Overall Price Features Service Convenience Trust
    Westpac home loans 6.2 Based on 406
    Westpac home loan reviews
    5.7 5.8 6.4 7.6 6.2

    Read Westpac home loan reviews by the Mozo community

    Latest reviews of Westpac Fixed Options Home Loan

      • Westpac Fixed Options Home Loan *

        • 6.19%

          fixed 1 year rate

        • 6.96%

          comparison rate

        Westpac Rocket Repay Home Loan *

        • 7.09%

          variable rate

        • 7.22%

          comparison rate

        * Fees and charges are payable

        Show Rates

        Bad rates good customer service

          1. Overall customer rating
          2. (Reviewed 4 days ago)

        For average every day banking they are like every other bank but there interest rates are like every other big bank . They could do a lot better on the interest rates lets face it they have enough customers to do this especially now with the econo...       Full review 

        For average every day banking they are like every other bank but there interest rates are like every other big bank . They could do a lot better on the interest rates lets face it they have enough customers to do this especially now with the economy the way it is they may even get more therefore make up any down fall in there precious end of year profit.


          1. Price
          1. Features
          1. Service
          1. Convenience
          1. Trust
        Less
        Westpac Fixed Options Home Loan home loan review by Miranda from Victoria

        Was this review helpful?

        Yes
      • Westpac Fixed Options Home Loan *

        • 6.19%

          fixed 1 year rate

        • 6.96%

          comparison rate

        Westpac Rocket Repay Home Loan *

        • 7.09%

          variable rate

        • 7.22%

          comparison rate

        * Fees and charges are payable

        Show Rates

        good people to deal with and great service

          1. Overall customer rating
          2. (Reviewed 10 days ago)

        I like this product due to that they gave us a chance too start a new life and have a great home for me and my family.. pro and cons are that you have to be aware of what you are getting into its hard work but so worth it in the end... all home ...       Full review 

        I like this product due to that they gave us a chance too start a new life and have a great home for me and my family.. pro and cons are that you have to be aware of what you are getting into its hard work but so worth it in the end... all home loans are difficult but we are so determined to get it paid off...


          1. Price
          1. Features
          1. Service
          1. Convenience
          1. Trust
        Less
        Westpac Fixed Options Home Loan home loan review by Stuart from New South Wales

        Was this review helpful?

        Yes
      • Westpac Fixed Options Home Loan *

        • 6.19%

          fixed 1 year rate

        • 6.96%

          comparison rate

        Westpac Rocket Repay Home Loan *

        • 7.09%

          variable rate

        • 7.22%

          comparison rate

        * Fees and charges are payable

        Show Rates

        Great customer service same but thats about it

          1. Overall customer rating
          2. (Reviewed 16 days ago)

        Banks are getting people savvy, but their eyes are never off their bottom line and their need to make a profit for their shareholders. So their customer service is great but at the end of the day, profit comes before customer service.       Full review 

        Banks are getting people savvy, but their eyes are never off their bottom line and their need to make a profit for their shareholders. So their customer service is great but at the end of the day, profit comes before customer service.


          1. Price
          1. Features
          1. Service
          1. Convenience
          1. Trust
        Less
        Westpac Fixed Options Home Loan home loan review by Marietta from Queensland

        Was this review helpful?

        Yes
      • Westpac Fixed Options Home Loan *

        • 6.19%

          fixed 1 year rate

        • 6.96%

          comparison rate

        Westpac Rocket Repay Home Loan *

        • 7.09%

          variable rate

        • 7.22%

          comparison rate

        * Fees and charges are payable

        Show Rates

        Go to the branches, don't go to the phone help

          1. Overall customer rating
          2. (Reviewed 17 days ago)

        Wespac is too big they has lost their caring nature. After 23 years of having A wespac loan we have changed. The mortgage centre phone loan gave us different advice on 4 different occasions, and trying to find some one who knew what they were doi...       Full review 

        Wespac is too big they has lost their caring nature. After 23 years of having A wespac loan we have changed. The mortgage centre phone loan gave us different advice on 4 different occasions, and trying to find some one who knew what they were doing was hard. The branch people were great, just the problem we had trying to get help over the phone. Basically they have lost their mojo, they care if they give the wrong advice- you can sorry as many times as you like over the phone no body cares.


          1. Price
          1. Features
          1. Service
          1. Convenience
          1. Trust
        Less
        Westpac Fixed Options Home Loan home loan review by Debbie from Western Australia

        Was this review helpful?

        Yes
      • Westpac Fixed Options Home Loan *

        • 6.19%

          fixed 1 year rate

        • 6.96%

          comparison rate

        Westpac Rocket Repay Home Loan *

        • 7.09%

          variable rate

        • 7.22%

          comparison rate

        * Fees and charges are payable

        Show Rates

        Avverage

          1. Overall customer rating
          2. (Reviewed about 1 month ago)

        Not happy with them in the way that when the interest rates go down. They do not reduce your payment, they keep taking the amount you have been paying. Otherwise they are not too bad ....       Full review 

        Not happy with them in the way that when the interest rates go down. They do not reduce your payment, they keep taking the amount you have been paying. Otherwise they are not too bad ....


          1. Price
          1. Features
          1. Service
          1. Convenience
          1. Trust
        Less
        Westpac Fixed Options Home Loan home loan review by Suzanne from New South Wales

        Was this review helpful?

        Yes
      • Westpac Fixed Options Home Loan *

        • 6.19%

          fixed 1 year rate

        • 6.96%

          comparison rate

        Westpac Rocket Repay Home Loan *

        • 7.09%

          variable rate

        • 7.22%

          comparison rate

        * Fees and charges are payable

        Show Rates

        terrible fees.

          1. Overall customer rating
          2. (Reviewed 4 months ago)

        I have found that the interest rates for the fixed loan were competitive and the customer service is great (face to face) especially, but the fees attached to the home loan are shocking with the Westpac. This is not explained ever and after lookin...       Full review 

        I have found that the interest rates for the fixed loan were competitive and the customer service is great (face to face) especially, but the fees attached to the home loan are shocking with the Westpac. This is not explained ever and after looking into a fixed home loan with other places I have since found out that other places particularly building societies offer significantly lower fees hugely lowering the amount you payback over time, but now we are fixed and the exit fees are not worth a switch.


          1. Price
          1. Features
          1. Service
          1. Convenience
          1. Trust
        Less
        Westpac Fixed Options Home Loan home loan review by Shae from New South Wales

        Was this review helpful?

        Yes

    *The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a home loan, based on the loan amount and loan term you entered. Fixed rate loans assume a 3 year fixed term. Different amounts and terms will result in different comparison rates. Full comparison rate schedules are available from lenders. Costs such as redraw fees or early repayment fees, and savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

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