The details shown below are for an investor taking out a principal & interest loan of at least $25,000 with an LVR below 90%
The details shown below are for an investor taking out a principal & interest loan of at least $25,000 with an LVR below 70%
The details shown below are for an investor taking out a principal & interest loan of at least $25,000 with an LVR below 90%
The details shown below are for an investor taking out a principal & interest loan of at least $25,000 with an LVR below 70%
The details shown below are for an investor taking out a interest only loan of at least $25,000 with an LVR below 90%
The details shown below are for an investor taking out a interest only loan of at least $25,000 with an LVR below 70%
The details shown below are for an investor taking out a interest only loan of at least $25,000 with an LVR below 80%
The details shown below are for an investor taking out a principal & interest loan of at least $25,000 with an LVR below 90%
The details shown below are for an investor taking out a principal & interest loan of at least $25,000 with an LVR below 70%
The details shown below are for an investor taking out a interest only loan of at least $25,000 with an LVR below 70%
Choose the version of this loan that suits you best
| Availability | Loan type | LVR | Min loan amount | Max loan amount | |
|---|---|---|---|---|---|
| | Investor | Principal & Interest | 70%-90% | $25,000 | |
| | Investor | Principal & Interest | < 70% | $25,000 | |
| | Investor | Principal & Interest | 70%-90% | $25,000 | |
| | Investor | Principal & Interest | < 70% | $25,000 | |
| | Investor | Interest Only | 70%-90% | $25,000 | |
| | Investor | Interest Only | < 70% | $25,000 | |
| | Investor | Interest Only | 70%-80% | $25,000 | |
| | Investor | Principal & Interest | 70%-90% | $25,000 | |
| | Investor | Principal & Interest | < 70% | $25,000 | |
| | Investor | Interest Only | < 70% | $25,000 |
Investor (Principal & Interest)
LVR 70%-90%
Loan: $25,000
Investor (Principal & Interest)
LVR < 70%
Loan: $25,000
Investor (Principal & Interest)
LVR 70%-90%
Loan: $25,000
Investor (Principal & Interest)
LVR < 70%
Loan: $25,000
Investor (Interest Only)
LVR 70%-90%
Loan: $25,000
Investor (Interest Only)
LVR < 70%
Loan: $25,000
Investor (Interest Only)
LVR 70%-80%
Loan: $25,000
Investor (Principal & Interest)
LVR 70%-90%
Loan: $25,000
Investor (Principal & Interest)
LVR < 70%
Loan: $25,000
Investor (Interest Only)
LVR < 70%
Loan: $25,000
Made for property investors, the Flexi First Option Investment Loan from Westpac comes with competitive variable rates (and an even lower introductory rate), next to no fees and some useful features like extra repayments, redraws and the option of taking a repayment holiday.
Westpac’s Flexi First Option Investment Loan is only available to investors, though it caters to those wanting to make principal and interest or interest-only repayments. There’s a minimum loan size of $25,000 and a variety of variable rate tiers which differ based on the borrowers loan-to-value ratio (LVR) and repayment preferences.
The lowest ongoing rate is currently 2.89% (2.90% comparison rate*) for borrowers with an LVR under 70% who are willing to make principal and interest repayments, though there’s also an opportunity to grab an introductory rate offer as low as 2.29% for 24 months.
As the name suggests, there’s a fair bit of flexibility on offer with the loan, starting with the repayment frequency borrowers can choose: either weekly, fortnightly or monthly depending on their preference. There is also an option to take a repayment holiday.
In terms of other features, there’s a split account option if you want to hedge your bets by fixing part of your rate with a Westpac fixed rate loan, and borrowers can also make extra repayments and redraws.
One of the best aspects of the loan is the lack of fees. There are no upfront or ongoing fees to budget for, just the $350 discharge fee you’ll need to pay at the end of your loan.
Last but not least, refinancers may be keen to know that the Flexi First Option Investment Loan also comes with a cashback deal of $3,000 for eligible mortgage holders looking to refinance a loan of at least $250,000 (max. 90% LVR) who apply by 30 November 2021 and settle by 28 February 2022.
There’s plenty going for the Flexi First Option Investment Loan - from the competitive variable rates to the low number of fees - so it could be an option worth considering for a variety of investor borrowers.
There’s no offset account attached to the loan, which may be an essential feature for many borrowers.
| 2.99% p.a. | |
| 2.39% p.a. | |
| 24 Months | |
| Variable | |
| 2.90% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| n/a | |
| $0.00 | |
| $350.00 |
| $25,000 | |
| none | |
| 70.00% | |
| 90.00% |
| Investor | |
| Principal & Interest | |
| Weekly, Fortnightly, Monthly | |
| yes - free | |
| yes | |
| yes - free | |
| none | |
| yes | |
| no | |
| none | |
| none | |
| Receive $3,000 refinance cashback, min $250k loan and LVR <90% with a Flexi First Option loan or a Premier Advantage Package (excludes refinances from Westpac Group), apply by 30 November 2021 and settle by 28 February 2022. |
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.
| 2.89% p.a. | |
| 2.29% p.a. | |
| 24 Months | |
| Variable | |
| 2.80% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| n/a | |
| $0.00 | |
| $350.00 |
| $25,000 | |
| none | |
| none | |
| 70.00% |
| Investor | |
| Principal & Interest | |
| Weekly, Fortnightly, Monthly | |
| yes - free | |
| yes | |
| yes - free | |
| none | |
| yes | |
| no | |
| none | |
| none | |
| Receive $3,000 refinance cashback, min $250k loan and LVR <90% with a Flexi First Option loan or a Premier Advantage Package (excludes refinances from Westpac Group), apply by 30 November 2021 and settle by 28 February 2022. |
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.
| 2.99% p.a. | |
| n/a | |
| n/a | |
| Variable | |
| 3.00% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| n/a | |
| $0.00 | |
| $350.00 |
| $25,000 | |
| none | |
| 70.00% | |
| 90.00% |
| Investor | |
| Principal & Interest | |
| Weekly, Fortnightly, Monthly | |
| yes - free | |
| yes | |
| yes - free | |
| none | |
| yes | |
| no | |
| none | |
| none | |
| Receive $3,000 refinance cashback, min $250k loan and LVR <90% with a Flexi First Option loan or a Premier Advantage Package (excludes refinances from Westpac Group), apply by 30 November 2021 and settle by 28 February 2022. |
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.
| 2.89% p.a. | |
| n/a | |
| n/a | |
| Variable | |
| 2.90% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| n/a | |
| $0.00 | |
| $350.00 |
| $25,000 | |
| none | |
| none | |
| 70.00% |
| Investor | |
| Principal & Interest | |
| Weekly, Fortnightly, Monthly | |
| yes - free | |
| yes | |
| yes - free | |
| none | |
| yes | |
| no | |
| none | |
| none | |
| Receive $3,000 refinance cashback, min $250k loan and LVR <90% with a Flexi First Option loan or a Premier Advantage Package (excludes refinances from Westpac Group), apply by 30 November 2021 and settle by 28 February 2022. |
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.
| 3.09% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| 3.10% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| n/a | |
| $0.00 | |
| $350.00 |
| $25,000 | |
| none | |
| 70.00% | |
| 90.00% |
| Investor | |
| Interest Only | |
| Weekly, Fortnightly, Monthly | |
| yes - free | |
| yes | |
| yes - free | |
| none | |
| yes | |
| no | |
| none | |
| none | |
| Receive $3,000 refinance cashback, min $250k loan and LVR <90% with a Flexi First Option loan or a Premier Advantage Package (excludes refinances from Westpac Group), apply by 30 November 2021 and settle by 28 February 2022. |
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.
| 2.99% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| 3.00% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| n/a | |
| $0.00 | |
| $350.00 |
| $25,000 | |
| none | |
| none | |
| 70.00% |
| Investor | |
| Interest Only | |
| Weekly, Fortnightly, Monthly | |
| yes - free | |
| yes | |
| yes - free | |
| none | |
| yes | |
| no | |
| none | |
| none | |
| Receive $3,000 refinance cashback, min $250k loan and LVR <90% with a Flexi First Option loan or a Premier Advantage Package (excludes refinances from Westpac Group), apply by 30 November 2021 and settle by 28 February 2022. |
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.
| 4.74% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| 4.75% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| n/a | |
| $0.00 | |
| $350.00 |
| $25,000 | |
| none | |
| 70.00% | |
| 80.00% |
| Investor | |
| Interest Only | |
| Monthly | |
| yes - free | |
| yes | |
| yes - free | |
| none | |
| yes | |
| no | |
| none | |
| none | |
| Receive $3,000 refinance cashback, min $250k loan and LVR <90% with a Flexi First Option loan or a Premier Advantage Package (excludes refinances from Westpac Group), apply by 30 November 2021 and settle by 28 February 2022. |
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.
| 4.48% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| 4.49% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| n/a | |
| $0.00 | |
| $350.00 |
| $25,000 | |
| none | |
| 70.00% | |
| 90.00% |
| Investor | |
| Principal & Interest | |
| Weekly, Fortnightly, Monthly | |
| yes - free | |
| yes | |
| yes - free | |
| none | |
| yes | |
| no | |
| none | |
| none | |
| Receive $3,000 refinance cashback, min $250k loan and LVR <90% with a Flexi First Option loan or a Premier Advantage Package (excludes refinances from Westpac Group), apply by 30 November 2021 and settle by 28 February 2022. |
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.
| 4.38% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| 4.39% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| n/a | |
| $0.00 | |
| $350.00 |
| $25,000 | |
| none | |
| none | |
| 70.00% |
| Investor | |
| Principal & Interest | |
| Weekly, Fortnightly, Monthly | |
| yes - free | |
| yes | |
| yes - free | |
| none | |
| yes | |
| no | |
| none | |
| none | |
| Receive $3,000 refinance cashback, min $250k loan and LVR <90% with a Flexi First Option loan or a Premier Advantage Package (excludes refinances from Westpac Group), apply by 30 November 2021 and settle by 28 February 2022. |
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.
| 4.64% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| 4.65% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| n/a | |
| $0.00 | |
| $350.00 |
| $25,000 | |
| none | |
| none | |
| 70.00% |
| Investor | |
| Interest Only | |
| Monthly | |
| yes - free | |
| yes | |
| yes - free | |
| none | |
| yes | |
| no | |
| none | |
| none | |
| Receive $3,000 refinance cashback, min $250k loan and LVR <90% with a Flexi First Option loan or a Premier Advantage Package (excludes refinances from Westpac Group), apply by 30 November 2021 and settle by 28 February 2022. |
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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2.21% p.a.
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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.
