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Westpac Fixed Options Home Loan

Advertiser disclosure

The details shown below are for an owner occupier taking out a principal & interest loan of at least $15,000 with an LVR below 95%

The details shown below are for an owner occupier taking out a interest only loan of at least $15,000 with an LVR below 80%

The details shown below are for an owner occupier taking out a principal & interest loan of at least $15,000 with an LVR below 70%

The details shown below are for an owner occupier taking out a interest only loan of at least $15,000 with an LVR below 70%

Choose the version of this loan that suits you best

  • Owner Occupier (Principal & Interest)

    LVR 70%-95%

    Loan: $15,000

  • Owner Occupier (Interest Only)

    LVR 70%-80%

    Loan: $15,000

  • Owner Occupier (Principal & Interest)

    LVR < 70%

    Loan: $15,000

  • Owner Occupier (Interest Only)

    LVR < 70%

    Loan: $15,000

Fixed 3 year rate
2.29% p.a.
Comparison Rate
4.12% p.a.
Service fee
$8.00 monthly
Upfront fee
$600
Fixed 3 year rate
3.89% p.a.
Comparison Rate
4.96% p.a.
Service fee
$8.00 monthly
Upfront fee
$600
Fixed 3 year rate
2.39% p.a.
Comparison Rate
4.08% p.a.
Service fee
$8.00 monthly
Upfront fee
$600
Fixed 3 year rate
3.79% p.a.
Comparison Rate
4.86% p.a.
Service fee
$8.00 monthly
Upfront fee
$600

Details

Rates and fees information correct as at 6 December 2020. 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

  • 2.29% (4.50%*)

  • 2.29% (4.31%*)

  • 2.29% (4.12%*)

  • 2.19% (3.92%*)

  • 2.49% (3.88%*)

  • n/a

  • n/a

  • 4.58% p.a.

Fees
  • $600.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $8.00 monthly

  • $350.00

Other financial bits
  • $15,000

  • none

  • 70.00%

  • 95.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to $30,000 in fixed rate period

  • yes

  • yes

  • none

  • yes

  • no

  • none

  • none

  • 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 6 December 2020. 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

  • 3.89% (5.18%*)

  • 3.89% (5.07%*)

  • 3.89% (4.96%*)

  • 4.19% (4.97%*)

  • 4.19% (4.90%*)

  • n/a

  • n/a

  • 5.17% p.a.

Fees
  • $600.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $8.00 monthly

  • $350.00

Other financial bits
  • $15,000

  • none

  • 70.00%

  • 80.00%

Features
  • Monthly

  • yes - free up to $30,000 in fixed rate period

  • yes

  • yes

  • none

  • yes

  • no

  • none

  • none

  • 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 6 December 2020. 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

  • 2.39% (4.42%*)

  • 2.39% (4.24%*)

  • 2.39% (4.08%*)

  • 2.89% (4.09%*)

  • 2.39% (3.78%*)

  • n/a

  • n/a

  • 4.48% p.a.

Fees
  • $600.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $8.00 monthly

  • $350.00

Other financial bits
  • $15,000

  • none

  • none

  • 70.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to $30,000 in fixed rate period

  • yes

  • yes

  • none

  • yes

  • no

  • none

  • none

  • 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 6 December 2020. 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

  • 3.79% (5.08%*)

  • 3.79% (4.97%*)

  • 3.79% (4.86%*)

  • 4.09% (4.87%*)

  • 4.09% (4.80%*)

  • n/a

  • n/a

  • 5.07% p.a.

Fees
  • $600.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $8.00 monthly

  • $350.00

Other financial bits
  • $15,000

  • none

  • none

  • 70.00%

Features
  • Monthly

  • yes - free up to $30,000 in fixed rate period

  • yes

  • yes

  • none

  • yes

  • no

  • none

  • none

  • 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
6.7/10
Price
6.2/10
Features
6.4/10
Customer service
6.9/10
Convenience
7.6/10
Trust
6.6/10

Latest reviews of Westpac Fixed Options Home Loan

  • Overall 7/10
    Easy to deal with and knowledgable about options

    I found the staff I dealt with in relation to my home loan quite helpful- they also follow up to make sure all things are well. I was selling my home and buying another last year, they were able to swap the security (the property) from my old home to my new home without me having to apply for a new home loan. Settlement occurred on the same day and it all worked out well. Recently, after a follow-up call from Westpac to see how I was doing, I entered into a fixed rate for 12 months on my home loan with no fuss. As I don't plan on moving banks anytime soon, I figured I'd save a little by fixing the interest rate for a bit. Cons- they don't have the cheapest interest rates out there.

    Read full review

    I found the staff I dealt with in relation to my home loan quite helpful- they also follow up to make sure all things are well. I was selling my home and buying another last year, they were able to swap the security (the property) from my old home to my new home without me having to apply for a new home loan. Settlement occurred on the same day and it all worked out well. Recently, after a follow-up call from Westpac to see how I was doing, I entered into a fixed rate for 12 months on my home loan with no fuss. As I don't plan on moving banks anytime soon, I figured I'd save a little by fixing the interest rate for a bit. Cons- they don't have the cheapest interest rates out there.

    Price
    7/10
    Features
    7/10
    Customer service
    10/10
    Convenience
    9/10
    Trust
    8/10
    Less
    Angelique, Victoria reviewed about 1 month ago
  • Overall 10/10
    Wouldn't bank anywhere else.

    Great service, friendly staff, fair interest rates.

    Read full review

    Great service, friendly staff, fair interest rates.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Mary, Northern Territory reviewed 3 months ago
  • Overall 1/10
    Lost trust

    I just renewed my mortgage interest rate. They offered me 2.29% for three years so I just ignored offers form other banks and stayed with Westpack but after the paperwork, record shows that they renewed for only two years for 2.29% and I asked why. I was told that they got mixed up and apologised. Then they said they are ready to change it to three years but I need to pay $711 for break up fees and also they can only give 2.59% for three years because the old offer was not available at this stage. They gave some confusing calculations. I lost all trust and felt like I was cheated.

    Read full review

    I just renewed my mortgage interest rate. They offered me 2.29% for three years so I just ignored offers form other banks and stayed with Westpack but after the paperwork, record shows that they renewed for only two years for 2.29% and I asked why. I was told that they got mixed up and apologised. Then they said they are ready to change it to three years but I need to pay $711 for break up fees and also they can only give 2.59% for three years because the old offer was not available at this stage. They gave some confusing calculations. I lost all trust and felt like I was cheated.

    Price
    -1/10
    Features
    -1/10
    Customer service
    1/10
    Convenience
    1/10
    Trust
    1/10
    Less
    John, New South Wales reviewed 3 months ago
  • Overall 3/10
    nothing to say

    nothing to say

    Read full review

    nothing to say

    Price
    -1/10
    Features
    -1/10
    Customer service
    3/10
    Convenience
    -1/10
    Trust
    3/10
    Less
    Geoff, Queensland reviewed 7 months ago
  • Overall 0/10
    Shocking : never again!

    Shocking experience! I stayed with Westpac for 10 years - NEVER heard from their so called ‘Relationship Manager'. Have switched banks and I'm much happier!

    Read full review

    Shocking experience! I stayed with Westpac for 10 years - NEVER heard from their so called ‘Relationship Manager'. Have switched banks and I'm much happier!

    Price
    0/10
    Features
    0/10
    Customer service
    0/10
    Convenience
    1/10
    Trust
    0/10
    Less
    Ali, Queensland reviewed 8 months ago
Westpac

About Westpac

As Australia's first bank, Westpac has been serving customers since 1817. Westpac merged with St.George to create Australia's largest financial services company, and customers can enjoy from peace of mind from having the security offered by a major bank behind them. 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.

See Westpac home loans

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Virgin Money

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fixed 3 years

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fixed 3 years

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Suncorp

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Fixed Home Loan (Home Package Plus)

1.99% p.a.
fixed 3 years

2.90% p.a.

Bank of Queensland

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2.09% p.a.
fixed 3 years

3.01% p.a.

People's Choice Credit Union

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2.09% p.a.
fixed 3 years

3.67% p.a.

loans.com.au

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Smart Booster Home Loan

1.99% p.a.variable for 12 months and then 2.48% p.a. variable

2.47% p.a.

Athena

Athena

AcceleRATES Variable Home Loan

2.19% p.a. variable

2.19% p.a.

UBank

UBank

UHomeLoan (Fixed)

1.95% p.a.
fixed 3 years

2.27% p.a.

Virgin Money

Virgin Money

Reward Me Fixed Rate Home Loan

2.04% p.a.
fixed 3 years

2.73% p.a.

Macquarie

Macquarie

Basic Home Loan (Fixed)

2.19% p.a.
fixed 3 years

2.53% p.a.

Suncorp

Suncorp

Fixed Home Loan (Home Package Plus)

1.99% p.a.
fixed 3 years

2.90% p.a.

Bank of Queensland

Bank of Queensland

Economy

2.59% p.a. variable

2.76% p.a.

UBank

UBank

UHomeLoan - Discount Offer

2.34% p.a. variable

2.34% p.a.

loans.com.au

loans.com.au

Smart Booster Home Loan

1.99% p.a.variable for 12 months and then 2.48% p.a.

2.47% p.a.

Athena

Athena

AcceleRATES Variable Home Loan

2.19% p.a.

2.19% p.a.

UBank

UBank

UHomeLoan - Discount Offer

2.34% p.a.

2.34% p.a.

Suncorp

Suncorp

Back to Basics

2.54% p.a.

2.55% p.a.

People's Choice Credit Union

People's Choice Credit Union

Basic Variable Home Loan

2.49% p.a.

2.49% p.a.

Bank of Queensland

Bank of Queensland

Economy

2.59% p.a.

2.76% p.a.

loans.com.au

loans.com.au

Smart Home Loan

2.48% p.a.

2.50% p.a.

Newcastle Permanent

Newcastle Permanent

Real Deal Home Loan

2.59% p.a.

2.63% p.a.

loans.com.au

loans.com.au

Fixed Home Loan

1.99% p.a.
fixed 3 years

2.70% p.a.

UBank

UBank

UHomeLoan (Fixed)

1.95% p.a.
fixed 3 years

2.27% p.a.

Virgin Money

Virgin Money

Reward Me Fixed Rate Home Loan

2.04% p.a.
fixed 3 years

2.73% p.a.

Macquarie

Macquarie

Basic Home Loan (Fixed)

2.19% p.a.
fixed 3 years

2.53% p.a.

Suncorp

Suncorp

Fixed Home Loan (Home Package Plus)

2.19% p.a.
fixed 3 years

3.03% p.a.

Bank of Queensland

Bank of Queensland

Fixed Rate

2.09% p.a.
fixed 3 years

3.01% p.a.

People's Choice Credit Union

People's Choice Credit Union

Fixed Rate Home Loan (Package)

2.09% p.a.
fixed 3 years

3.67% p.a.

UBank

UBank

UHomeLoan (1 Year Fixed)

n/a

n/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.