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Westpac Rocket Investment Loan (Premier Advantage Package)

Advertiser disclosure

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

Rate
3.84% p.a.
Comparison Rate
4.24% p.a.
Service fee
$395.00 yearly
Upfront fee
$0
Rate
3.74% p.a.
Comparison Rate
4.15% p.a.
Service fee
$395.00 yearly
Upfront fee
$0
Rate
4.00% p.a.
Comparison Rate
4.40% p.a.
Service fee
$395.00 yearly
Upfront fee
$0
Rate
4.10% p.a.
Comparison Rate
4.50% p.a.
Service fee
$395.00 yearly
Upfront fee
$0

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
  • 3.84% p.a.

  • n/a

  • n/a

  • n/a

  • 4.24% 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.

  • Receive $2,000 cashback per property plus $1,000 for the first application when you refinance a property of at least $250,000 and an LVR <80% 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 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
  • 3.74% p.a.

  • n/a

  • n/a

  • n/a

  • 4.15% 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.

  • Receive $2,000 cashback per property plus $1,000 for the first application when you refinance a property of at least $250,000 and an LVR <80% 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 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
  • 4.00% p.a.

  • n/a

  • n/a

  • n/a

  • 4.40% 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

  • $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.

  • Receive $2,000 cashback per property plus $1,000 for the first application when you refinance a property of at least $250,000 and an LVR <80% 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 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
  • 4.10% p.a.

  • n/a

  • n/a

  • n/a

  • 4.50% 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.

  • Receive $2,000 cashback per property plus $1,000 for the first application when you refinance a property of at least $250,000 and an LVR <80% 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

Latest reviews of Westpac Rocket Investment Loan (Premier Advantage Package)

  • Overall 5/10
    How to create a loyal customer.

    It's a constant battle to remind the bank that its interest rates are no longer competitive and would you 'please' review. The attitude is that we will apply for a 'discount' for you. We are not asking for a discount. It's the banks attempt at trying to convince you that they are doing you a favour. This kind of leaves a bad taste in the mouth. What we are asking is that you (the bank) look after us by reducing rates in-line with what is reasonable and competitive in the market. Another way to look at it is that we are asking (feels like begging) the bank to reward our loyalty. Whilst it may seem clever and more profitable in the short term to just leave rates where they are until the customer complains, it's not a good long term strategy. It assumes the customer is unaware that he or she is paying too much. If you look at the number, and frequency of advertised rates in the market this somewhat commercially naïve. Although we haven't changed banks we want to. Why should a customer provide loyalty when the the only time the vendor (attempts to) value(s) your custom is when you complain or threaten to leave. Certainly we would not recommend this bank to anyone else.

    Read full review

    It's a constant battle to remind the bank that its interest rates are no longer competitive and would you 'please' review. The attitude is that we will apply for a 'discount' for you. We are not asking for a discount. It's the banks attempt at trying to convince you that they are doing you a favour. This kind of leaves a bad taste in the mouth. What we are asking is that you (the bank) look after us by reducing rates in-line with what is reasonable and competitive in the market. Another way to look at it is that we are asking (feels like begging) the bank to reward our loyalty. Whilst it may seem clever and more profitable in the short term to just leave rates where they are until the customer complains, it's not a good long term strategy. It assumes the customer is unaware that he or she is paying too much. If you look at the number, and frequency of advertised rates in the market this somewhat commercially naïve. Although we haven't changed banks we want to. Why should a customer provide loyalty when the the only time the vendor (attempts to) value(s) your custom is when you complain or threaten to leave. Certainly we would not recommend this bank to anyone else.

    Price
    5/10
    Features
    6/10
    Customer service
    5/10
    Convenience
    8/10
    Trust
    2/10
    Less
    Michael, Western Australia reviewed about 2 months ago
  • Overall 4/10
    They only care about themselves

    On sign up with no family. They were amazing. With a huge amount of equity $400k now and with kids we would like to renovate and they will not help us, have tried 3 times with negative response.

    Read full review

    On sign up with no family. They were amazing. With a huge amount of equity $400k now and with kids we would like to renovate and they will not help us, have tried 3 times with negative response.

    Price
    6/10
    Features
    4/10
    Customer service
    3/10
    Convenience
    4/10
    Trust
    2/10
    Less
    Katheirne, Victoria reviewed 6 months ago
  • Overall 6/10
    Great customer service

    The interest rate is not as competitive as other financial institutions. It was given to us by a stockbroker.

    Read full review

    The interest rate is not as competitive as other financial institutions. It was given to us by a stockbroker.

    Price
    6/10
    Features
    8/10
    Customer service
    8/10
    Convenience
    8/10
    Trust
    9/10
    Less
    Dorian, Victoria reviewed 6 months ago
  • Overall 10/10
    Westpac have been amazing to us

    Westpac helped us refinance when we didn't quite qualify. They could see our long term plan and helped implement it.

    Read full review

    Westpac helped us refinance when we didn't quite qualify. They could see our long term plan and helped implement it.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Mandy, Western Australia reviewed 8 months ago
  • Overall 7/10
    Great job!

    Great bank this far, only been with them for two years. Had a call yesterday to discuss my home and investment loans, so very happy.

    Read full review

    Great bank this far, only been with them for two years. Had a call yesterday to discuss my home and investment loans, so very happy.

    Price
    9/10
    Features
    9/10
    Customer service
    9/10
    Convenience
    9/10
    Trust
    7/10
    Less
    Glen, Western Australia reviewed 9 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.

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2.47% p.a.

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2.19% p.a.

2.19% p.a.

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UHomeLoan - Discount Offer

2.34% p.a.

2.34% p.a.

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2.54% p.a.

2.55% p.a.

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2.49% p.a.

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2.76% p.a.

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fixed 3 years

2.70% p.a.

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UHomeLoan (Fixed)

1.95% p.a.
fixed 3 years

2.27% p.a.

Virgin Money

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Reward Me Fixed Rate Home Loan

2.04% p.a.
fixed 3 years

2.73% p.a.

Macquarie

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2.19% p.a.
fixed 3 years

2.53% p.a.

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2.19% p.a.
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3.03% p.a.

Bank of Queensland

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2.09% p.a.
fixed 3 years

3.01% p.a.

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2.09% p.a.
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3.67% p.a.

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n/a

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

2.47% p.a.

$0.00

Athena

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AcceleRATES Variable Home Loan

2.19% p.a.

2.19% p.a.

$0.00

UBank

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UHomeLoan - Discount Offer

2.34% p.a.

2.34% p.a.

$0.00

People's Choice Credit Union

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2.49% p.a.

2.49% p.a.

$0.00

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2.48% p.a.

2.50% p.a.

$0.00

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2.54% p.a.

2.55% p.a.

$0.00

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2.59% p.a.

2.63% p.a.

$0.00

Athena

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AcceleRATES Variable Home Loan

2.84% p.a.

2.44% p.a.

$0.00

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.