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% | $10,000 | |
|
Owner Occupier | Principal & Interest | 70%-80% | $10,000 | |
|
Owner Occupier | Interest Only | < 70% | $10,000 | |
|
Owner Occupier | Principal & Interest | 80%-95% | $10,000 | |
|
Owner Occupier | Interest Only | 70%-80% | $10,000 |
8.73% p.a. |
|
n/a |
|
n/a |
|
n/a |
|
8.86% p.a. |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
$600.00 |
|
$0.00 |
|
$0.00 |
|
$0.00 |
|
n/a |
|
$8.00 monthly |
|
$350.00 |
$10,000 |
|
none |
|
none |
|
70.00% |
Owner Occupier |
|
Principal & Interest |
|
Weekly, Fortnightly, Monthly |
|
yes - free |
|
yes |
|
yes - free |
|
none |
|
yes |
|
yes - $5 per month |
|
none |
|
none |
|
Westpac home loan customers can use a 4.49% p.a. (4.87% p.a. comparison rate) 10-year maximum loan term for sustainable upgrades home or investment loan. Loan size $4,000-$50,000. |
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.
8.83% p.a. |
|
n/a |
|
n/a |
|
n/a |
|
8.96% p.a. |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
$600.00 |
|
$0.00 |
|
$0.00 |
|
$0.00 |
|
n/a |
|
$8.00 monthly |
|
$350.00 |
$10,000 |
|
none |
|
70.00% |
|
80.00% |
Owner Occupier |
|
Principal & Interest |
|
Weekly, Fortnightly, Monthly |
|
yes - free |
|
yes |
|
yes - free |
|
none |
|
yes |
|
yes - $5 per month |
|
none |
|
none |
|
Westpac home loan customers can use a 4.49% p.a. (4.87% p.a. comparison rate) 10-year maximum loan term for sustainable upgrades home or investment loan. Loan size $4,000-$50,000. |
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.
9.32% p.a. |
|
n/a |
|
n/a |
|
n/a |
|
9.45% p.a. |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
$600.00 |
|
$0.00 |
|
$0.00 |
|
$0.00 |
|
n/a |
|
$8.00 monthly |
|
$350.00 |
$10,000 |
|
none |
|
none |
|
70.00% |
Owner Occupier |
|
Interest Only |
|
Monthly |
|
yes - free |
|
yes |
|
yes - free |
|
none |
|
yes |
|
yes - $5 per month |
|
none |
|
none |
|
Westpac home loan customers can use a 4.49% p.a. (4.87% p.a. comparison rate) 10-year maximum loan term for sustainable upgrades home or investment loan. Loan size $4,000-$50,000. |
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.
9.13% p.a. |
|
n/a |
|
n/a |
|
n/a |
|
9.26% p.a. |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
$600.00 |
|
$0.00 |
|
$0.00 |
|
$0.00 |
|
n/a |
|
$8.00 monthly |
|
$350.00 |
$10,000 |
|
none |
|
80.00% |
|
95.00% |
Owner Occupier |
|
Principal & Interest |
|
Weekly, Fortnightly, Monthly |
|
yes - free |
|
yes |
|
yes - free |
|
none |
|
yes |
|
yes - $5 per month |
|
none |
|
none |
|
Westpac home loan customers can use a 4.49% p.a. (4.87% p.a. comparison rate) 10-year maximum loan term for sustainable upgrades home or investment loan. Loan size $4,000-$50,000. |
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.
9.42% p.a. |
|
n/a |
|
n/a |
|
n/a |
|
9.55% p.a. |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
$600.00 |
|
$0.00 |
|
$0.00 |
|
$0.00 |
|
n/a |
|
$8.00 monthly |
|
$350.00 |
$10,000 |
|
none |
|
70.00% |
|
80.00% |
Owner Occupier |
|
Interest Only |
|
Monthly |
|
yes - free |
|
yes |
|
yes - free |
|
none |
|
yes |
|
yes - $5 per month |
|
none |
|
none |
|
Westpac home loan customers can use a 4.49% p.a. (4.87% p.a. comparison rate) 10-year maximum loan term for sustainable upgrades home or investment loan. Loan size $4,000-$50,000. |
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.
Was going to leave the bank for better rates. Retention office made contact with us and provided interest rates much lower than all other banks. Now, I make contact annually direct to the retention office to try and get a better deal. Easy to deal with, contact was immediate by either phone or email. Initial set up of homeloan in branch was easy and Westpac employee was extremely helpful and genuinely wanting to help.
Read full reviewWas going to leave the bank for better rates. Retention office made contact with us and provided interest rates much lower than all other banks. Now, I make contact annually direct to the retention office to try and get a better deal. Easy to deal with, contact was immediate by either phone or email. Initial set up of homeloan in branch was easy and Westpac employee was extremely helpful and genuinely wanting to help.
We have a great relationship with our home finance officer at our local branch. You can email her and within the next business day she's replied. Appointments are flexible i.e. can do them in bank, over phone and often after hours with no hassle
Read full reviewWe have a great relationship with our home finance officer at our local branch. You can email her and within the next business day she's replied. Appointments are flexible i.e. can do them in bank, over phone and often after hours with no hassle
Very happy with the options we were given when looking to change our homeloan over. They were helpful from start and stayed in touch right through the process. Highly recommend.
Read full reviewVery happy with the options we were given when looking to change our homeloan over. They were helpful from start and stayed in touch right through the process. Highly recommend.
I recently applied for Westpac's Rocket Repay Home Loan, and I must say, I was quite disappointed with the experience. While the features of the loan sound promising, the overall process left much to be desired. First and foremost, I found the application process to be overly complex and time-consuming. The bank requested a ton of documentation, including multiple payslips, tax returns, and bank statements, which was frustrating and tedious to gather. Additionally, the approval process took much longer than expected, which made me anxious about the status of my application. Even after being approved, I found the loan to be quite inflexible. While the option to make extra repayments and redraws is advertised as a selling point, the reality is that the fees and restrictions associated with these features make them almost useless. The bank also offers an offset account to reduce the interest on the loan, but the interest rates on this account are much lower than what other banks offer. Another issue that I faced with the Westpac Rocket Repay Home Loan was the high-interest rates. While Westpac claims to offer competitive rates, I found that their rates were much higher than other banks' rates. This made me question whether the loan was worth it in the long run, especially given the added fees and restrictions. Overall, I found the Westpac Rocket Repay Home Loan to be a disappointing experience. While the loan may work for some people, I would caution others to carefully consider the application process, the fees, and the overall flexibility of the loan before choosing it. There are likely better options available from other banks.
Read full reviewI recently applied for Westpac's Rocket Repay Home Loan, and I must say, I was quite disappointed with the experience. While the features of the loan sound promising, the overall process left much to be desired. First and foremost, I found the application process to be overly complex and time-consuming. The bank requested a ton of documentation, including multiple payslips, tax returns, and bank statements, which was frustrating and tedious to gather. Additionally, the approval process took much longer than expected, which made me anxious about the status of my application. Even after being approved, I found the loan to be quite inflexible. While the option to make extra repayments and redraws is advertised as a selling point, the reality is that the fees and restrictions associated with these features make them almost useless. The bank also offers an offset account to reduce the interest on the loan, but the interest rates on this account are much lower than what other banks offer. Another issue that I faced with the Westpac Rocket Repay Home Loan was the high-interest rates. While Westpac claims to offer competitive rates, I found that their rates were much higher than other banks' rates. This made me question whether the loan was worth it in the long run, especially given the added fees and restrictions. Overall, I found the Westpac Rocket Repay Home Loan to be a disappointing experience. While the loan may work for some people, I would caution others to carefully consider the application process, the fees, and the overall flexibility of the loan before choosing it. There are likely better options available from other banks.
Very helpful especially when in hardship looking for solutions and allowing time to get back on my feet. Easy to apply for a lower rate though would have been great if this was automatic. Friendly non-judgemental staff.
Read full reviewVery helpful especially when in hardship looking for solutions and allowing time to get back on my feet. Easy to apply for a lower rate though would have been great if this was automatic. Friendly non-judgemental staff.
Great Rate Home Loan
5.99% p.a. variable
6.01% p.a.
Basic Home Loan (Fixed)
5.69% p.a.
fixed 3 years
6.04% p.a.
Home Value Loan
6.09% p.a. variable
6.09% p.a.
Express Home Loan (Fixed)
6.04% p.a.
fixed 3 years
6.21% p.a.
Basic Home Loan
6.14% p.a. variable
6.16% p.a.
3 Year Fixed Rate Home Loan (Special Offer)
5.39% p.a.
fixed 3 years
6.59% p.a.
Great Rate Home Loan
5.99% p.a. variable
6.01% p.a.
Flex Home Loan
6.14% p.a. variable
6.38% p.a.
Express Home Loan
6.09% p.a. variable
6.22% p.a.
Elevate
6.18% p.a. variable
6.18% p.a.
Basic Home Loan
6.14% p.a.
6.16% p.a.
Great Rate Home Loan
5.99% p.a.
6.01% p.a.
Express Home Loan
6.09% p.a.
6.22% p.a.
OMG Home Loan
5.99% p.a.
6.02% p.a.
Elevate
6.18% p.a.
6.18% p.a.
Mortgage Simplifier
6.14% p.a.
6.17% p.a.
Offset Home Loan (Package)
6.14% p.a.
6.39% p.a.
Basic Home Loan (Fixed)
5.69% p.a.
fixed 3 years
6.04% p.a.
Express Home Loan (Fixed)
6.04% p.a.
fixed 3 years
6.21% p.a.
3 Year Fixed Rate Home Loan (Special Offer)
5.39% p.a.
fixed 3 years
6.59% p.a.
Fixed Home Loan Rate
5.59% p.a.
fixed 3 years
6.31% p.a.
Basic Home Loan (Fixed)
5.79% p.a.
fixed 3 years
6.10% p.a.
3 Year Fixed Rate Home Loan (Special Offer)
5.39% p.a.
fixed 3 years
6.59% p.a.
Great Rate Home Loan
5.99% p.a.
6.01% p.a.
$0.00
Home Value Loan
6.09% p.a.
6.09% p.a.
$0.00
OMG Home Loan
5.99% p.a.
6.02% p.a.
$0.00
Express Home Loan
6.09% p.a.
6.22% p.a.
$10.00 monthly
Basic Home Loan
6.14% p.a.
6.16% 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.