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Westpac Flexi First Option Investment Loan

Advertiser disclosure

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

  • 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

Rate
2.59% p.a.variable for 24 months and then 3.19% p.a.
Comparison Rate
3.10% p.a.
Service fee
$0.00
Upfront fee
$0
Rate
2.49% p.a.variable for 24 months and then 3.09% p.a.
Comparison Rate
3.00% p.a.
Service fee
$0.00
Upfront fee
$0
Rate
3.19% p.a.
Comparison Rate
3.20% p.a.
Service fee
$0.00
Upfront fee
$0
Rate
3.09% p.a.
Comparison Rate
3.10% p.a.
Service fee
$0.00
Upfront fee
$0
Rate
3.39% p.a.
Comparison Rate
3.40% p.a.
Service fee
$0.00
Upfront fee
$0
Rate
3.29% p.a.
Comparison Rate
3.30% p.a.
Service fee
$0.00
Upfront fee
$0
Rate
4.74% p.a.
Comparison Rate
4.75% p.a.
Service fee
$0.00
Upfront fee
$0
Rate
4.48% p.a.
Comparison Rate
4.49% p.a.
Service fee
$0.00
Upfront fee
$0
Rate
4.38% p.a.
Comparison Rate
4.39% p.a.
Service fee
$0.00
Upfront fee
$0
Rate
4.64% p.a.
Comparison Rate
4.65% p.a.
Service fee
$0.00
Upfront fee
$0

Mozo editorial review Westpac Flexi First Option Investment Loan - last updated: 1 July 2021

binocular icon
What's hot
  • Special 24 month introductory rates
  • Ongoing variable rates from 3.09% (3.10% comparison rate*)
  • No upfront or ongoing fees
What's not
  • $350 discharge fee
Mozo snapshot

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. 

key icon
Key features

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 3.09% (3.10% 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 2.49% 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 $2,000 per property plus $1,000 for the first application. The offer is for eligible mortgage holders looking to refinance a loan of at least $250,000 (max. 80% LVR) who apply by 31 August 2021 and settle by 30 November 2021.

snapshot
Who is it good for

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. 

question icon
Any catches

There’s no offset account attached to the loan, which may be an essential feature for many borrowers. 

Details

Rates and fees information correct as at 26 July 2021. 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

3.19% p.a.

2.59% p.a.

24 Months

Variable

3.10% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$0.00

$0.00

$0.00

n/a

$0.00

$350.00

Other financial bits

$25,000

none

70.00%

90.00%

Features

Investor

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

yes

yes - free

none

yes

no

none

none

Receive $3,000 cashback when you refinance a property of at least $250,000 and an LVR <90% with a Flexi First Option loan or a Premier Advantage Package (excludes refinances from Westpac Group).

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 26 July 2021. 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

3.09% p.a.

2.49% p.a.

24 Months

Variable

3.00% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$0.00

$0.00

$0.00

n/a

$0.00

$350.00

Other financial bits

$25,000

none

none

70.00%

Features

Investor

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

yes

yes - free

none

yes

no

none

none

Receive $3,000 cashback when you refinance a property of at least $250,000 and an LVR <90% with a Flexi First Option loan or a Premier Advantage Package (excludes refinances from Westpac Group).

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 26 July 2021. 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

3.19% p.a.

n/a

n/a

Variable

3.20% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$0.00

$0.00

$0.00

n/a

$0.00

$350.00

Other financial bits

$25,000

none

70.00%

90.00%

Features

Investor

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

yes

yes - free

none

yes

no

none

none

Receive $3,000 cashback when you refinance a property of at least $250,000 and an LVR <90% with a Flexi First Option loan or a Premier Advantage Package (excludes refinances from Westpac Group).

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 26 July 2021. 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

3.09% p.a.

n/a

n/a

Variable

3.10% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$0.00

$0.00

$0.00

n/a

$0.00

$350.00

Other financial bits

$25,000

none

none

70.00%

Features

Investor

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

yes

yes - free

none

yes

no

none

none

Receive $3,000 cashback when you refinance a property of at least $250,000 and an LVR <90% with a Flexi First Option loan or a Premier Advantage Package (excludes refinances from Westpac Group).

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 26 July 2021. 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

3.39% p.a.

n/a

n/a

n/a

3.40% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$0.00

$0.00

$0.00

n/a

$0.00

$350.00

Other financial bits

$25,000

none

70.00%

90.00%

Features

Investor

Interest Only

Weekly, Fortnightly, Monthly

yes - free

yes

yes - free

none

yes

no

none

none

Receive $3,000 cashback when you refinance a property of at least $250,000 and an LVR <90% with a Flexi First Option loan or a Premier Advantage Package (excludes refinances from Westpac Group).

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 26 July 2021. 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

3.29% p.a.

n/a

n/a

n/a

3.30% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$0.00

$0.00

$0.00

n/a

$0.00

$350.00

Other financial bits

$25,000

none

none

70.00%

Features

Investor

Interest Only

Weekly, Fortnightly, Monthly

yes - free

yes

yes - free

none

yes

no

none

none

Receive $3,000 cashback when you refinance a property of at least $250,000 and an LVR <90% with a Flexi First Option loan or a Premier Advantage Package (excludes refinances from Westpac Group).

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 26 July 2021. 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

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

Fees

$0.00

$0.00

$0.00

$0.00

n/a

$0.00

$350.00

Other financial bits

$25,000

none

70.00%

80.00%

Features

Investor

Interest Only

Monthly

yes - free

yes

yes - free

none

yes

no

none

none

Receive $3,000 cashback when you refinance a property of at least $250,000 and an LVR <90% with a Flexi First Option loan or a Premier Advantage Package (excludes refinances from Westpac Group).

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 26 July 2021. 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

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

Fees

$0.00

$0.00

$0.00

$0.00

n/a

$0.00

$350.00

Other financial bits

$25,000

none

70.00%

90.00%

Features

Investor

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

yes

yes - free

none

yes

no

none

none

Receive $3,000 cashback when you refinance a property of at least $250,000 and an LVR <90% with a Flexi First Option loan or a Premier Advantage Package (excludes refinances from Westpac Group).

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 26 July 2021. 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

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

Fees

$0.00

$0.00

$0.00

$0.00

n/a

$0.00

$350.00

Other financial bits

$25,000

none

none

70.00%

Features

Investor

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

yes

yes - free

none

yes

no

none

none

Receive $3,000 cashback when you refinance a property of at least $250,000 and an LVR <90% with a Flexi First Option loan or a Premier Advantage Package (excludes refinances from Westpac Group).

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 26 July 2021. 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

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

Fees

$0.00

$0.00

$0.00

$0.00

n/a

$0.00

$350.00

Other financial bits

$25,000

none

none

70.00%

Features

Investor

Interest Only

Monthly

yes - free

yes

yes - free

none

yes

no

none

none

Receive $3,000 cashback when you refinance a property of at least $250,000 and an LVR <90% with a Flexi First Option loan or a Premier Advantage Package (excludes refinances from Westpac Group).

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

About Westpac

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.