The details shown below are for an owner occupier taking out a principal & interest loan of at least $150,000 with an LVR below 95%
The details shown below are for an owner occupier taking out a principal & interest loan of at least $150,000 with an LVR below 70%
The details shown below are for an owner occupier taking out a interest only loan of at least $150,000 with an LVR below 80%
The details shown below are for an owner occupier taking out a interest only loan of at least $150,000 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 | |
|---|---|---|---|---|---|
| | Owner Occupier | Principal & Interest | 70%-95% | $150,000 | |
| | Owner Occupier | Principal & Interest | < 70% | $150,000 | |
| | Owner Occupier | Interest Only | 70%-80% | $150,000 | |
| | Owner Occupier | Interest Only | < 70% | $150,000 |
Owner Occupier (Principal & Interest)
LVR 70%-95%
Loan: $150,000
Owner Occupier (Principal & Interest)
LVR < 70%
Loan: $150,000
Owner Occupier (Interest Only)
LVR 70%-80%
Loan: $150,000
Owner Occupier (Interest Only)
LVR < 70%
Loan: $150,000
Offering a 100% offset account, free extra repayments, a redraw facility as well as a number of additional package perks, the Rocket Repay Home Loan (Premier Advantage Package) from Westpac delivers all the perks of a full-feature loan to owner occupier borrowers. Prospective homeowners will also be able to borrow with as little as a 5% deposit, meaning it could be a handy option for first time buyers.
Available to owner occupiers, the Rocket Repay Home Loan (Premier Advantage Package) from Westpac offers variable rates from 3.19% (3.61% comparison rate*) for borrowers with a loan-to-value ratio below 70% looking for a loan above $150,000. There are also higher rates available for borrowers with a larger LVR, as well as those wanting to make interest-only repayments.
While the interest rates on offer aren't much to write home about, the Rocket Repay Home Loan (Premier Advantage Package) really stands out when it comes to its range of features.
Not only will borrowers be able to cut down on the interest they pay with the help of a 100% offset account, they’ll also be able to make extra repayments towards the loan - for free! Speaking of extra repayments, if you are able to pay down more than you need to on your loan you’ll be able to withdraw those additional funds down the track with the free redraw facility.
What about fees? Well you won’t need to pay any application, legal, settlement or valuation fees on the loan, but you will need to budget for the $395 annual service fee, as well as the $350 discharge fee you’ll be charged when you pay out your mortgage in full.
And as this is a package home loan, there are also a few extra perks. Rocket Repay Home Loan (Premier Advantage Package) customers will be eligible for a number of discounts and fee-waivers on select Westpac credit cards, bank accounts and insurance products.
The Westpac Rocket Repay Home Loan (Premier Advantage Package) could be an option worth considering for owner occupier borrowers looking for a full-feature home loan, especially if they can take advantage of the offset account and extra repayments, as well as the banking and insurance discounts on offer.
Given that the yearly service fee of $395 will add up to $9,875 over the course of a 25 year loan, it’s certainly worth weighing it up against the suite of features on offer. Alternatively, if you're looking for a lower cost, no frills home loan with Westpac then you may want to check out the Flexi First Option Home Loan offer.
| 3.29% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| 3.70% 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 | |
| $395.00 yearly | |
| $350.00 |
| $150,000 | |
| none | |
| 70.00% | |
| 95.00% |
| Owner Occupier | |
| 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 $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.
| 3.19% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| 3.61% 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 | |
| $395.00 yearly | |
| $350.00 |
| $150,000 | |
| none | |
| none | |
| 70.00% |
| Owner Occupier | |
| 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 $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.
| 3.88% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| 4.28% 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 | |
| $395.00 yearly | |
| $350.00 |
| $150,000 | |
| none | |
| 70.00% | |
| 80.00% |
| Owner Occupier | |
| 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. | |
| 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.
| 3.78% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| 4.19% 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 | |
| $395.00 yearly | |
| $350.00 |
| $150,000 | |
| none | |
| none | |
| 70.00% |
| Owner Occupier | |
| 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. | |
| 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.
Very helpful in refinancing my home loan. Accessible any time and reply in a matter of minutes to under an hour. By the same token no unnecessary annoying phone call or emails. Explain things step by step and very clearly. Was with my previous provider for 10 years and never had this level of service ever.
Read full reviewVery helpful in refinancing my home loan. Accessible any time and reply in a matter of minutes to under an hour. By the same token no unnecessary annoying phone call or emails. Explain things step by step and very clearly. Was with my previous provider for 10 years and never had this level of service ever.
Often with pay television, electricity and other services you need to ring up regularly and threaten to leave in order to get the best deal. What I love about Westpac is they regularly ring me to offer a better deal than what's advertised. This rewards loyalty and is good business.
Read full reviewOften with pay television, electricity and other services you need to ring up regularly and threaten to leave in order to get the best deal. What I love about Westpac is they regularly ring me to offer a better deal than what's advertised. This rewards loyalty and is good business.
Overall a well packaged home loan offering 100% offset account, competitive rates and free redraw available. The only negative is the annual fee of $395.
Read full reviewOverall a well packaged home loan offering 100% offset account, competitive rates and free redraw available. The only negative is the annual fee of $395.
Long pre-approval times, but online platform is pretty easy to work with.
Read full reviewLong pre-approval times, but online platform is pretty easy to work with.
Need more communication about new products.
Read full reviewNeed more communication about new products.
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