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Westpac Fixed Options Home Loan (Premier Advantage Package)

Advertiser disclosure
The details shown below are for an owner occupier taking out a principal & interest loan of at least $150,000 with an LVR below 70%
The details shown below are for an owner occupier taking out a principal & interest loan of at least $150,000 with an LVR below 80%
The details shown below are for an owner occupier taking out a principal & interest loan of at least $150,000 with an LVR below 95%
The details shown below are for an owner occupier taking out a interest only loan of at least $150,000 with an LVR below 70%
The details shown below are for an owner occupier taking out a interest only loan of at least $150,000 with an LVR below 80%

Choose the version of this loan that suits you best

Availability Loan type LVR Min loan amount Max loan amount
Owner Occupier Principal & Interest < 70% $150,000
Owner Occupier Principal & Interest 70%-80% $150,000
Owner Occupier Principal & Interest 80%-95% $150,000
Owner Occupier Interest Only < 70% $150,000
Owner Occupier Interest Only 70%-80% $150,000
  • Owner Occupier (Principal & Interest)
    LVR < 70%
    Loan: $150,000
  • Owner Occupier (Principal & Interest)
    LVR 70%-80%
    Loan: $150,000
  • Owner Occupier (Principal & Interest)
    LVR 80%-95%
    Loan: $150,000
  • Owner Occupier (Interest Only)
    LVR < 70%
    Loan: $150,000
  • Owner Occupier (Interest Only)
    LVR 70%-80%
    Loan: $150,000
Fixed 3 year rate
6.59% p.a.
Comparison Rate
7.53% p.a.
Service fee
$395.00 yearly
Upfront fee
$0
Fixed 3 year rate
6.69% p.a.
Comparison Rate
7.63% p.a.
Service fee
$395.00 yearly
Upfront fee
$0
Fixed 3 year rate
6.99% p.a.
Comparison Rate
7.92% p.a.
Service fee
$395.00 yearly
Upfront fee
$0
Fixed 3 year rate
6.89% p.a.
Comparison Rate
8.02% p.a.
Service fee
$395.00 yearly
Upfront fee
$0
Fixed 3 year rate
6.99% p.a.
Comparison Rate
8.12% p.a.
Service fee
$395.00 yearly
Upfront fee
$0

Mozo editorial review Westpac Fixed Options Home Loan (Premier Advantage Package) - last updated: 26 July 2023

binocular icon
What's hot
  • 6.39% p.a. (7.22% p.a. comparison rate*) on 4-year terms
  • $3,000 cashback for eligible refinancers
What's not
  • $395 loan account fee, paid yearly
Mozo snapshot

There’s a lot to like about the Westpac Fixed Options Premier Advantage Package, starting with the 6.39% p.a. fixed rate (7.22% p.a. comparison rate*) which is available on 4-year terms. On top of that, there are a few extra features to help make the road to home ownership as smooth as possible, including the ability to make free extra repayments (up to $30,000 over the term) and split your loan between a variable and fixed rate.

key icon
Key features

Westpac’s Premier Advantage Package lets borrowers lock in a rate for one to five years, with interest rates starting at 6.39% p.a. (7.36% p.a. comparison rate*) available on 2-year terms. You’ll be able to make repayments weekly, fortnightly or monthly, and extra repayments are free up to $30,000 over the fixed rate period. 

snapshot
Who is it good for

The Premier Advantage Package from Westpac could be a good fit for those who prefer certainty in their repayments and want to take advantage of some rock-bottom interest rates. There are also some generous perks available to eligible refinancers, though conditions apply.

question icon
Any catches

While there are no upfront fees, a $395 loan account fee will be charged annually. There is also a $350 loan discharge fee.

Details

Rates and fees information correct as at 22 June 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

n/a

n/a

n/a

n/a

6.59% (7.69%*)

6.49% (7.58%*)

6.59% (7.53%*)

6.59% (7.46%*)

6.69% (7.43%*)

n/a

n/a

7.44% p.a.

Fees

$0.00

$0.00

$0.00

$0.00

n/a

$395.00 yearly

$350.00

Other financial bits

$150,000

none

none

70.00%

Features

Weekly, Fortnightly, Monthly

yes - free

yes

yes - free

none

yes

no

none

Package includes $0 monthly fees on transaction account, fee waivers on selected credit cards and discounted insurance products. Lock-in the fixed rate at time of loan approval for a fee of 0.10% of the loan amount.

none

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 22 June 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

n/a

n/a

n/a

n/a

6.69% (7.79%*)

6.59% (7.68%*)

6.69% (7.63%*)

6.69% (7.56%*)

6.79% (7.54%*)

n/a

n/a

7.54% p.a.

Fees

$0.00

$0.00

$0.00

$0.00

n/a

$395.00 yearly

$350.00

Other financial bits

$150,000

none

70.00%

80.00%

Features

Weekly, Fortnightly, Monthly

yes - free

yes

yes - free

none

yes

no

none

Package includes $0 monthly fees on transaction account, fee waivers on selected credit cards and discounted insurance products. Lock-in the fixed rate at time of loan approval for a fee of 0.10% of the loan amount.

none

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 22 June 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

n/a

n/a

n/a

n/a

6.99% (8.08%*)

6.89% (7.98%*)

6.99% (7.92%*)

6.99% (7.85%*)

7.09% (7.83%*)

n/a

n/a

7.84% p.a.

Fees

$0.00

$0.00

$0.00

$0.00

n/a

$395.00 yearly

$350.00

Other financial bits

$150,000

none

80.00%

95.00%

Features

Weekly, Fortnightly, Monthly

yes - free

yes

yes - free

none

yes

no

none

Package includes $0 monthly fees on transaction account, fee waivers on selected credit cards and discounted insurance products. Lock-in the fixed rate at time of loan approval for a fee of 0.10% of the loan amount.

none

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 22 June 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

n/a

n/a

n/a

n/a

6.89% (8.24%*)

6.79% (8.10%*)

6.89% (8.02%*)

7.09% (8.00%*)

7.19% (7.98%*)

n/a

n/a

8.03% p.a.

Fees

$0.00

$0.00

$0.00

$0.00

n/a

$395.00 yearly

$350.00

Other financial bits

$150,000

none

none

70.00%

Features

Monthly

yes - free

yes

yes - free

none

yes

no

none

Package includes $0 monthly fees on transaction account, fee waivers on selected credit cards and discounted insurance products. Lock-in the fixed rate at time of loan approval for a fee of 0.10% of the loan amount.

none

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 22 June 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

n/a

n/a

n/a

n/a

6.99% (8.33%*)

6.89% (8.20%*)

6.99% (8.12%*)

7.19% (8.10%*)

7.29% (8.08%*)

n/a

n/a

8.13% p.a.

Fees

$0.00

$0.00

$0.00

$0.00

n/a

$395.00 yearly

$350.00

Other financial bits

$150,000

none

70.00%

80.00%

Features

Monthly

yes - free

yes

yes - free

none

yes

no

none

Package includes $0 monthly fees on transaction account, fee waivers on selected credit cards and discounted insurance products. Lock-in the fixed rate at time of loan approval for a fee of 0.10% of the loan amount.

none

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Customer Reviews

How are Westpac home loans rated by the Mozo community?

Overall
7.3/10
Price
6.2/10
Features
6.4/10
Customer service
6.8/10
Convenience
7.5/10
Trust
6.6/10
Based on 3370 Westpac home loan reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.

Latest reviews of Westpac Fixed Options Home Loan (Premier Advantage Package)

About Westpac

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5.99% p.a. variable

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Basic Home Loan (Fixed)

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fixed 3 years

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6.04% p.a. variable

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The Better Home Loan (Special Offer)

6.14% p.a. variable

6.14% p.a.

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Heritage Bank

Discount Variable Home Loan

5.99% p.a. variable

6.01% p.a.

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Home Value Loan

6.09% p.a. variable

6.09% p.a.

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6.29% p.a. variable

6.20% p.a.

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Fixed Rate

6.59% p.a.
fixed 3 years

7.06% p.a.

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Variable

5.99% p.a. variable

5.90% p.a.

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Macquarie

Basic Home Loan

6.14% p.a. variable

6.16% p.a.

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Variable

6.29% p.a. variable

6.20% p.a.

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Flex Home Loan

6.24% p.a. variable

6.48% p.a.

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Heritage Bank

Discount Variable Home Loan

5.99% p.a. variable

6.01% p.a.

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Aussie

Elevate

6.09% p.a. variable

6.20% p.a.

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Police Credit Union

The Better Home Loan (Special Offer)

6.14% p.a. variable

6.14% p.a.

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ING

Fixed Rate Loan (with Orange Advantage)

5.99% p.a.
fixed 3 years

6.12% p.a.

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Variable

5.99% p.a.

5.90% p.a.

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan

6.14% p.a.

6.16% p.a.

Thumbnail icon for loans.com.au
loans.com.au

Variable Home Loan 90

6.04% p.a.

6.06% p.a.

Thumbnail icon for Police Credit Union
Police Credit Union

The Better Home Loan (Special Offer)

6.14% p.a.

6.14% p.a.

Thumbnail icon for Heritage Bank
Heritage Bank

Discount Variable Home Loan

5.99% p.a.

6.01% p.a.

Thumbnail icon for Aussie
Aussie

Elevate

6.09% p.a.

6.20% p.a.

Thumbnail icon for ING
ING

Mortgage Simplifier

6.14% p.a.

6.17% p.a.

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Macquarie

Offset Home Loan (Package)

6.14% p.a.

6.39% p.a.

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Bendigo Bank

Express Home Loan (Fixed)

6.04% p.a.
fixed 3 years

6.15% p.a.

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Macquarie

Basic Home Loan (Fixed)

6.25% p.a.
fixed 3 years

6.20% p.a.

Thumbnail icon for Bendigo Bank
Bendigo Bank

Express Home Loan (Fixed)

6.54% p.a.
fixed 3 years

6.38% p.a.

Thumbnail icon for ubank
ubank

Flex Home Loan Fixed

5.99% p.a.
fixed 3 years

6.41% p.a.

Thumbnail icon for ING
ING

Fixed Rate Loan (with Orange Advantage)

5.99% p.a.
fixed 3 years

6.12% p.a.

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan (Fixed)

6.35% p.a.
fixed 3 years

6.26% p.a.

Thumbnail icon for Bendigo Bank
Bendigo Bank

Express Home Loan (Fixed)

6.54% p.a.
fixed 3 years

6.38% p.a.

Thumbnail icon for ANZ
ANZ

Fixed Rate

6.59% p.a.
fixed 3 years

7.06% p.a.

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

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