Westpac Rocket Investment Loan (Premier Advantage Package)

This product is available in different versions. Pick the right version for you here.

The details shown below are for an investor taking out a principal & interest loan of at least $150,000 with an LVR below 90%

The details shown below are for an investor taking out a principal & interest loan of at least $150,000 with an LVR below 70%

The details shown below are for an investor taking out a interest only loan of at least $150,000 with an LVR below 70%

The details shown below are for an investor 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

  • Investor (Principal & Interest)

    LVR 70%-90%

    Loan: $150,000

  • Investor (Principal & Interest)

    LVR < 70%

    Loan: $150,000

  • Investor (Interest Only)

    LVR < 70%

    Loan: $150,000

  • Investor (Interest Only)

    LVR 70%-80%

    Loan: $150,000

4.09% p.a.

4.49% p.a.

$395.00 yearly

Westpac Rocket Investment Loan (Premier Advantage Package)

4.09% p.a.

4.49% p.a.

$395.00 yearly

3.99% p.a.

4.39% p.a.

$395.00 yearly

Westpac Rocket Investment Loan (Premier Advantage Package)

3.99% p.a.

4.39% p.a.

$395.00 yearly

4.25% p.a.

4.65% p.a.

$395.00 yearly

Westpac Rocket Investment Loan (Premier Advantage Package)

4.25% p.a.

4.65% p.a.

$395.00 yearly

4.35% p.a.

4.74% p.a.

$395.00 yearly

Westpac Rocket Investment Loan (Premier Advantage Package)

4.35% p.a.

4.74% p.a.

$395.00 yearly

Details

Rates and fees information correct as at 13 December 2019. 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
  • 4.09% 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

  • $395.00 yearly

  • $350.00

Other financial bits
  • $150,000

  • none

  • 70.00%

  • 90.00%

Features
  • Investor

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • yes

  • yes - free

  • none

  • yes

  • yes

  • none

  • Package includes $0 monthly fees on transaction account, fee waivers on selected credit cards and discounted insurance products.

  • $2,000 cashback on new customer home refinance over $250,000 for applications before 31 January 2020.

*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 13 December 2019. 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
  • 3.99% 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

  • $395.00 yearly

  • $350.00

Other financial bits
  • $150,000

  • none

  • none

  • 70.00%

Features
  • Investor

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • yes

  • yes - free

  • none

  • yes

  • yes

  • none

  • Package includes $0 monthly fees on transaction account, fee waivers on selected credit cards and discounted insurance products.

  • $2,000 cashback on new customer home refinance over $250,000 for applications before 31 January 2020.

*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 13 December 2019. 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
  • 4.25% 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

  • $395.00 yearly

  • $350.00

Other financial bits
  • $150,000

  • none

  • none

  • 70.00%

Features
  • Investor

  • Interest Only

  • Monthly

  • yes - free

  • yes

  • yes - free

  • none

  • yes

  • yes

  • none

  • Package includes $0 monthly fees on transaction account, fee waivers on selected credit cards and discounted insurance products.

  • $2,000 cashback on new customer home refinance over $250,000 for applications before 31 January 2020.

*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 13 December 2019. 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
  • 4.35% p.a.

  • n/a

  • n/a

  • n/a

  • 4.74% 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

  • $395.00 yearly

  • $350.00

Other financial bits
  • $150,000

  • none

  • 70.00%

  • 80.00%

Features
  • Investor

  • Interest Only

  • Monthly

  • yes - free

  • yes

  • yes - free

  • none

  • yes

  • yes

  • none

  • Package includes $0 monthly fees on transaction account, fee waivers on selected credit cards and discounted insurance products.

  • $2,000 cashback on new customer home refinance over $250,000 for applications before 31 January 2020.

*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 customer rating
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 Rocket Investment Loan (Premier Advantage Package)

  • Overall
    9/10
    Regular reviews of interest rate and insurance.

    We have good relations with Westpac and have been with them for a long time. They contact us 6...

    We have good relations with Westpac and have been with them for a long time. They contact us 6 monthly to review our interest rates and insurance policies. Only downside as now we are retired and relying on our investments we do not have the option to go anywhere else if we are not satisfied as we don't have enough income to support new loans.

    Price
    5/10
    Features
    10/10
    Customer service
    7/10
    Convenience
    8/10
    Trust
    8/10

    Fiona | Queensland

    reviewed about 20 hours ago

  • Overall
    3/10
    Taking advantage of hardworking Australians

    As part of our premier plus package we have an included credit card. Approximately 2 years ago we...

    As part of our premier plus package we have an included credit card. Approximately 2 years ago we were carrying a large balance and wanted to reduce our card limit or transfer the balance to a lower rate card. The interest rate on the card is 21.99%. When contacted via the help line Westpac refused to lower our credit card limit and then when we asked about transferring to a lower rate card we were told we couldn't. In the end we took our credit card business to ANZ who gave us an excellent 0% interest deal for 24 months. When attempting to make extra repayments on our mortgage we were told that we had a redraw facility as part of our package but when we made extra repayments the full amount in excess of our standard payment was allocated to the loan balance and when we needed to redraw later we were told we couldn't and had to fight with the bank for 2 months to get the payments allocated properly and the redraw approved. Our interest rate is absolutely terrible, still sitting at 4.45% even after a 0.75% package discount. We went into a branch and sat with a manager asking them to price match lower products in the market, some as low as 3.25% but because of the LVR of our property they refused to assist us because they knew we wouldn't be approved for a loan with another lender because of the LVR. Our repayment record is flawless and we've banked with Westpac for over 20 years but until we have some capital growth on our property we're stuck and Westpac know it.

    Price
    2/10
    Features
    5/10
    Customer service
    2/10
    Convenience
    6/10
    Trust
    0/10

    Jennie | Victoria

    reviewed 2 days ago

  • Overall
    8/10
    Good app, mortgage terms not explained clearly.

    This is our first mortgage, and it wasn't totally clear regarding the terms. When signing the...

    This is our first mortgage, and it wasn't totally clear regarding the terms. When signing the contract was not provided to us in advance, and we were not given adequate time to read through the content. The content was not explained and we felt expected to sign without properly reading all the fine print - this was a miscommunication between mortgage broker and bank employee, I think. The online app is good.

    Price
    7/10
    Features
    8/10
    Customer service
    7/10
    Convenience
    9/10
    Trust
    7/10

    Caitlin | Victoria

    reviewed 17 days ago

  • Overall
    2/10
    Would not suggest to friends, greedy bank.

    The staff are mostly not interested in helping nor have product knowledge to actually help. They...

    The staff are mostly not interested in helping nor have product knowledge to actually help. They are always the most expensive and when asked for a better rate only. they are only able to offer a slight reduction which is still more expensive than others - that is after the discount we get with our package.

    Price
    2/10
    Features
    8/10
    Customer service
    7/10
    Convenience
    5/10
    Trust
    2/10

    Sonja | New South Wales

    reviewed 30 days ago

  • Overall
    9/10
    Great customer service very reliable

    Easy to deal with and arrange mortgage from pre-approval to the draw down during building. Always...

    Easy to deal with and arrange mortgage from pre-approval to the draw down during building. Always able to contact to discuss any issues.

    Price
    8/10
    Features
    8/10
    Customer service
    9/10
    Convenience
    10/10
    Trust
    10/10

    Lindsay | Western Australia

    reviewed over 3 years 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.

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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.