Westpac Premier Package Loan


With a minimum home loan value of $150,000, Westpac’s Premier Advantage Package gives you access to discounted interest rates and savings on a range of credit card, insurance and wealth products such as term deposits when you combine your home loan and bank account together.

The Westpac Premier Advantage Package offers a feature-rich approach to finance with a large range of options and interest rate choices.

When linking your bank account to your home loan, this package gives you the choice to offset 100 per cent of the interest while the redraw facility gives you the ability to withdraw extra repayments if you need to.

The Westpac Premier Advantage Package offers a range of both fixed and variable interest rates and flexible repayment options, allowing you to choose between weekly, fortnightly and monthly as well as an interest-free option for a period of time.

The main advantage of packaging your Westpac Premier Advantage loan is the access to a discounted interest rate which helps reduce your repayments while giving you the opportunity to save on credit card annual fees and other financial products like insurance.

While Westpac’s rates are not the lowest on the market, you might find they provide a reasonably competitive offering once the discount is applied.

Who is the Westpac Premier Package Loan good for?

The Westpac Premier Advantage Package is good for someone who wants financial flexibility and a loan package that provides discounts on other financial products such as their credit card and term deposits.

The loan is suitable for investors as well as owner occupiers, with a range of options to suit almost every borrower. People who are self-employed, however, will need to pay an establishment fee if they take out a low doc loan.

Review - What RateCity says

The major advantage of combining your home loan, bank accounts and credit cards into one package is that you get access to reduced interest rates and discounts on other financial products like insurance.

The discounted rates and fee waivers are partially offset by the relatively high annual fee, so if you are interested in taking advantage of the potential savings a package can offer, check that they outweigh the annual fee.

All in all, The Westpac Premier Advantage Package is a feature-rich finance option which appeals to investors and owner-occupiers alike.

Westpac Premier Package Loan Options

With over 25 options under the Westpac Premier Advantage Package, there’s a loan for all lifestyles. Whether you’re lured by the discount potential of packaging or enticed by the equity access, there’s a fixed or variable option for you.

  • 100 per cent offset account and redraw facility available.
  • Discount on your interest rate.
  • No monthly service fee.
  • Ongoing annual fee.
  • Requires you to open additional accounts.
  • Attracts a minimum loan amount of $150,000.

Must be an Australian citizen or permanent resident.

Hold either a loan account or a transaction account.

Cannot be a company or trustee.

About Westpac

Westpac has been serving Australian customers since 1817, making it Australia’s first bank.

Since merging with St George, Westpac customers benefit from access to both ATM networks without additional fees. This big bank offers big support with 24-hour online options and phone support.

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