Westpac Home Loan Rates

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Westpac is Australia’s first bank and oldest company. Westpac was first founded in 1817 as the Bank of New South Wales and changed its name to Westpac Banking Corporation in 1982.

Westpac is one of Australia’s big four banks and has grown to serve over 13 million customers. It offers a wide range of home loan products, including owner-occupier loans and investor loans, as well as lines of credit and split loans.

Westpac home loan repayment calculator

Thinking about taking out a home loan with Westpac? Use our home loan calculator to see how much you’d have to repay under different borrowing scenarios. You can also see how Westpac home loans compare with other options.

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Westpac home loans rates

Now showing 1 - 100 of 110 home loans

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Product	Advertised Rate	Estimated upfront fees	Company	Comparison Rate*	Ongoing fee
Flexi First Option Home Loan special Establishment fee waived for Flexi First Option Home Loan	3.18% Variable	$0	Flexi First Option Home Loan	3.19%	$0	More details
Flexi First Option Home Loan special Establishment fee waived for Flexi First Option Home Loan	3.28% Variable	$0	Flexi First Option Home Loan	3.29%	$0	More details
Flexi First Option Investment Loan special Establishment fee waived for Flexi First Option Home Loan	3.49% Variable	$0	Flexi First Option Investment Loan	3.50%	$0	More details
Flexi First Option Investment Loan special Establishment fee waived for Flexi First Option Home Loan	3.59% Variable	$0	Flexi First Option Investment Loan	3.60%	$0	More details
Premier Advantage Package	2.88% Fixed - 3 years	$0	Premier Advantage Package	3.71%	$395	More details
Premier Advantage Package	2.88% Fixed - 2 years	$0	Premier Advantage Package	3.75%	$395	More details
Flexi First Option Investment Loan special Establishment fee waived for Flexi First Option Home Loan	3.74% Variable	$0	Flexi First Option Investment Loan	3.75%	$0	More details
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Premier Advantage Package Cashback $2,000 cashback for new Owner Occupier and Principal & Interest repayments and Investment Loans when you apply by 31 March and settle by 31 May 2020.	2.98% Fixed - 3 years	$0	Premier Advantage Package	3.80%	$395	More details
Premier Advantage Package	3.19% Fixed - 1 year	$0	Premier Advantage Package	3.82%	$395	More details
Premier Advantage Package	3.39% Fixed - 4 years	$0	Premier Advantage Package	3.83%	$395	More details
Premier Advantage Package	3.39% Fixed - 5 years	$0	Premier Advantage Package	3.83%	$395	More details
Premier Advantage Package Cashback $2,000 cashback for new Owner Occupier and Principal & Interest repayments and Investment Loans when you apply by 31 March and settle by 31 May 2020.	2.98% Fixed - 2 years	$0	Premier Advantage Package	3.85%	$395	More details
Premier Advantage Package	3.44% Variable	$0	Premier Advantage Package	3.85%	$395	More details
Flexi First Option Investment Loan special Establishment fee waived for Flexi First Option Home Loan	3.84% Variable	$0	Flexi First Option Investment Loan	3.85%	$0	More details
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Premier Advantage Package Cashback $2,000 cashback for new Owner Occupier and Principal & Interest repayments and Investment Loans when you apply by 31 March and settle by 31 May 2020.	3.29% Fixed - 1 year	$0	Premier Advantage Package	3.92%	$395	More details
Premier Advantage Package Cashback $2,000 cashback for new Owner Occupier and Principal & Interest repayments and Investment Loans when you apply by 31 March and settle by 31 May 2020.	3.49% Fixed - 5 years	$0	Premier Advantage Package	3.92%	$395	More details
Premier Advantage Package Cashback $2,000 cashback for new Owner Occupier and Principal & Interest repayments and Investment Loans when you apply by 31 March and settle by 31 May 2020.	3.49% Fixed - 4 years	$0	Premier Advantage Package	3.93%	$395	More details
Premier Advantage Package	3.54% Variable	$0	Premier Advantage Package	3.94%	$395	More details
Premier Advantage Package	3.09% Fixed - 5 years	$0	Premier Advantage Package	4.02%	$395	More details
Premier Advantage Package	3.09% Fixed - 4 years	$0	Premier Advantage Package	4.09%	$395	More details
Premier Advantage Package Cashback $2,000 cashback for new Owner Occupier and Principal & Interest repayments and Investment Loans when you apply by 31 March and settle by 31 May 2020.	3.19% Fixed - 5 years	$0	Premier Advantage Package	4.12%	$395	More details
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Premier Advantage Package	2.99% Fixed - 3 years	$0	Premier Advantage Package	4.13%	$395	More details
Flexi First Option Home Loan	4.08% Variable	$600	Flexi First Option Home Loan	4.13%	$0	More details
Premier Advantage Package Cashback $2,000 cashback for new Owner Occupier and Principal & Interest repayments and Investment Loans when you apply by 31 March and settle by 31 May 2020.	3.19% Fixed - 4 years	$0	Premier Advantage Package	4.18%	$395	More details
Premier Advantage Package	2.99% Fixed - 2 years	$0	Premier Advantage Package	4.21%	$395	More details
Premier Advantage Package Cashback $2,000 cashback for new Owner Occupier and Principal & Interest repayments and Investment Loans when you apply by 31 March and settle by 31 May 2020.	3.09% Fixed - 3 years	$0	Premier Advantage Package	4.22%	$395	More details
Flexi First Option Home Loan	4.18% Variable	$600	Flexi First Option Home Loan	4.23%	$0	More details
Premier Advantage Package	3.29% Fixed - 5 years	$0	Premier Advantage Package	4.25%	$395	More details
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Premier Advantage Package	3.09% Fixed - 1 year	$0	Premier Advantage Package	4.30%	$395	More details
Premier Advantage Package Cashback $2,000 cashback for new Owner Occupier and Principal & Interest repayments and Investment Loans when you apply by 31 March and settle by 31 May 2020.	3.09% Fixed - 2 years	$0	Premier Advantage Package	4.30%	$395	More details
Premier Advantage Package	3.29% Fixed - 4 years	$0	Premier Advantage Package	4.32%	$395	More details
Premier Advantage Package Cashback $2,000 cashback for new Owner Occupier and Principal & Interest repayments and Investment Loans when you apply by 31 March and settle by 31 May 2020.	3.39% Fixed - 5 years	$0	Premier Advantage Package	4.35%	$395	More details
Premier Advantage Package	3.19% Fixed - 3 years	$0	Premier Advantage Package	4.36%	$395	More details
Premier Advantage Package	3.69% Fixed - 2 years	$0	Premier Advantage Package	4.36%	$395	More details
Premier Advantage Package	3.79% Fixed - 3 years	$0	Premier Advantage Package	4.36%	$395	More details
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Premier Advantage Package	3.89% Fixed - 5 years	$0	Premier Advantage Package	4.37%	$395	More details
Premier Advantage Package	3.89% Fixed - 4 years	$0	Premier Advantage Package	4.38%	$395	More details
Premier Advantage Package	3.99% Variable	$0	Premier Advantage Package	4.38%	$395	More details
Premier Advantage Package Cashback $2,000 cashback for new Owner Occupier and Principal & Interest repayments and Investment Loans when you apply by 31 March and settle by 31 May 2020.	3.19% Fixed - 1 year	$0	Premier Advantage Package	4.40%	$395	More details
Fixed Options Home Loan	3.59% Fixed - 5 years	$600	Fixed Options Home Loan	4.40%	$8	More details
Premier Advantage Package	3.79% Fixed - 1 year	$0	Premier Advantage Package	4.40%	$395	More details
Premier Advantage Package Cashback $2,000 cashback for new Owner Occupier and Principal & Interest repayments and Investment Loans when you apply by 31 March and settle by 31 May 2020.	3.39% Fixed - 4 years	$0	Premier Advantage Package	4.41%	$395	More details
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Fixed Options Home Loan	3.08% Fixed - 3 years	$600	Fixed Options Home Loan	4.43%	$8	More details
Premier Advantage Package	3.19% Fixed - 2 years	$0	Premier Advantage Package	4.45%	$395	More details
Premier Advantage Package Cashback $2,000 cashback for new Owner Occupier and Principal & Interest repayments and Investment Loans when you apply by 31 March and settle by 31 May 2020.	3.29% Fixed - 3 years	$0	Premier Advantage Package	4.46%	$395	More details
Premier Advantage Package	3.79% Fixed - 2 years	$0	Premier Advantage Package	4.46%	$395	More details
Premier Advantage Package	3.89% Fixed - 3 years	$0	Premier Advantage Package	4.46%	$395	More details
Premier Advantage Package	3.99% Fixed - 5 years	$0	Premier Advantage Package	4.46%	$395	More details
Premier Advantage Package	3.99% Fixed - 4 years	$0	Premier Advantage Package	4.47%	$395	More details
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Fixed Options Home Loan	3.59% Fixed - 4 years	$600	Fixed Options Home Loan	4.48%	$8	More details
Premier Advantage Package	4.09% Variable	$0	Premier Advantage Package	4.48%	$395	More details
Fixed Options Home Loan	3.69% Fixed - 5 years	$600	Fixed Options Home Loan	4.50%	$8	More details
Premier Advantage Package	3.89% Fixed - 1 year	$0	Premier Advantage Package	4.50%	$395	More details
Fixed Options Home Loan	3.18% Fixed - 3 years	$600	Fixed Options Home Loan	4.53%	$8	More details
Premier Advantage Package Cashback $2,000 cashback for new Owner Occupier and Principal & Interest repayments and Investment Loans when you apply by 31 March and settle by 31 May 2020.	3.29% Fixed - 2 years	$0	Premier Advantage Package	4.54%	$395	More details
Premier Advantage Package	3.29% Fixed - 1 year	$0	Premier Advantage Package	4.55%	$395	More details
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Fixed Options Home Loan	3.08% Fixed - 2 years	$600	Fixed Options Home Loan	4.57%	$8	More details
Fixed Options Home Loan	3.69% Fixed - 4 years	$600	Fixed Options Home Loan	4.58%	$8	More details
Fixed Rate Investment Property Loan	3.29% Fixed - 5 years	$600	Fixed Rate Investment Property Loan	4.60%	$8	More details
Premier Advantage Package Cashback $2,000 cashback for new Owner Occupier and Principal & Interest repayments and Investment Loans when you apply by 31 March and settle by 31 May 2020.	3.39% Fixed - 1 year	$0	Premier Advantage Package	4.64%	$395	More details
Premier Advantage Package	5.25% Variable	$0	Premier Advantage Package	4.64%	$395	More details
Fixed Options Home Loan	3.18% Fixed - 2 years	$600	Fixed Options Home Loan	4.67%	$8	More details
Flexi First Option Investment Loan	4.63% Variable	$600	Flexi First Option Investment Loan	4.68%	$0	More details
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Fixed Rate Investment Property Loan	3.39% Fixed - 5 years	$600	Fixed Rate Investment Property Loan	4.69%	$8	More details
Fixed Rate Investment Property Loan	3.29% Fixed - 4 years	$600	Fixed Rate Investment Property Loan	4.73%	$8	More details
Premier Advantage Package	4.35% Variable	$0	Premier Advantage Package	4.73%	$395	More details
Fixed Options Home Loan	3.39% Fixed - 1 year	$600	Fixed Options Home Loan	4.74%	$8	More details
Flexi First Option Investment Loan	4.73% Variable	$600	Flexi First Option Investment Loan	4.78%	$0	More details
Flexi First Option Home Loan	4.67% Variable	$600	Flexi First Option Home Loan	4.82%	$0	More details
Flexi First Option Home Loan	4.77% Variable	$600	Flexi First Option Home Loan	4.82%	$0	More details
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Fixed Rate Investment Property Loan	3.39% Fixed - 4 years	$600	Fixed Rate Investment Property Loan	4.83%	$8	More details
Fixed Rate Investment Property Loan	3.49% Fixed - 5 years	$600	Fixed Rate Investment Property Loan	4.83%	$8	More details
Fixed Options Home Loan	3.49% Fixed - 1 year	$600	Fixed Options Home Loan	4.84%	$8	More details
Fixed Rate Investment Property Loan	3.19% Fixed - 3 years	$600	Fixed Rate Investment Property Loan	4.86%	$8	More details
Rocket Repay Home Loan	4.73% Variable	$600	Rocket Repay Home Loan	4.87%	$8	More details
Fixed Rate Investment Property Loan	3.59% Fixed - 5 years	$600	Fixed Rate Investment Property Loan	4.92%	$8	More details
Fixed Options Home Loan	4.09% Fixed - 5 years	$600	Fixed Options Home Loan	4.94%	$8	More details
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Flexi First Option Investment Loan	4.89% Variable	$600	Flexi First Option Investment Loan	4.94%	$0	More details
Fixed Rate Investment Property Loan	3.29% Fixed - 3 years	$600	Fixed Rate Investment Property Loan	4.96%	$8	More details
Fixed Rate Investment Property Loan	3.49% Fixed - 4 years	$600	Fixed Rate Investment Property Loan	4.97%	$8	More details
Rocket Repay Home Loan	4.83% Variable	$600	Rocket Repay Home Loan	4.97%	$8	More details
Fixed Rate Investment Property Loan	3.19% Fixed - 2 years	$600	Fixed Rate Investment Property Loan	5.03%	$8	More details
Fixed Options Home Loan	4.09% Fixed - 4 years	$600	Fixed Options Home Loan	5.03%	$8	More details
Fixed Options Home Loan	4.19% Fixed - 5 years	$600	Fixed Options Home Loan	5.04%	$8	More details
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Flexi First Option Investment Loan	4.99% Variable	$600	Flexi First Option Investment Loan	5.04%	$0	More details
Fixed Rate Investment Property Loan	3.59% Fixed - 4 years	$600	Fixed Rate Investment Property Loan	5.06%	$8	More details
Fixed Rate Investment Property Loan	3.39% Fixed - 3 years	$600	Fixed Rate Investment Property Loan	5.10%	$8	More details
Fixed Options Home Loan	3.99% Fixed - 3 years	$600	Fixed Options Home Loan	5.10%	$8	More details
Fixed Rate Investment Property Loan	3.29% Fixed - 2 years	$600	Fixed Rate Investment Property Loan	5.13%	$8	More details
Fixed Options Home Loan	4.19% Fixed - 4 years	$600	Fixed Options Home Loan	5.13%	$8	More details
Fixed Rate Investment Property Loan	3.49% Fixed - 3 years	$600	Fixed Rate Investment Property Loan	5.19%	$8	More details
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Fixed Options Home Loan	4.09% Fixed - 3 years	$600	Fixed Options Home Loan	5.20%	$8	More details
Fixed Rate Investment Property Loan	3.29% Fixed - 1 year	$600	Fixed Rate Investment Property Loan	5.22%	$8	More details
Fixed Options Home Loan	3.94% Fixed - 2 years	$600	Fixed Options Home Loan	5.24%	$8	More details
Fixed Rate Investment Property Loan	3.39% Fixed - 2 years	$600	Fixed Rate Investment Property Loan	5.27%	$8	More details
Fixed Options Home Loan	3.99% Fixed - 2 years	$600	Fixed Options Home Loan	5.29%	$8	More details
Premier Advantage Package	4.92% Variable	$0	Premier Advantage Package	5.31%	$395	More details
Fixed Rate Investment Property Loan	3.39% Fixed - 1 year	$600	Fixed Rate Investment Property Loan	5.32%	$8	More details
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Fixed Options Home Loan	3.99% Fixed - 1 year	$600	Fixed Options Home Loan	5.33%	$8	More details
Fixed Rate Investment Property Loan	3.49% Fixed - 2 years	$600	Fixed Rate Investment Property Loan	5.37%	$8	More details

Data last updated on 18 Feb 2020

Read our important disclosures and general advice warning

Pros

Variety of home loan products to choose from.
Loans can be packaged with other financial products.
Extensive branch and customer service offering.

Cons

Some loans have annual packaging fees.
Higher rates for some types of customers.

Westpac customer service

Home Loan customers at Westpac can contact the bank by calling the customer service centre 7 days a week. In addition, home loan customers can pop into a local branch or arrange a call back through the online enquiry form.

Customer service centre (phone, email, branch)
Mobile app
Online banking
Mobile banking staff

How to Apply

Customers wanting to apply for a Westpac Home Loan can apply by either requesting a call back or giving the bank a call. Before applying for a home loan it is advisable to think about how much money you could conceivably borrow given your financial situation and income. You will also need to provide documentation when applying for a home loan. This will include:

Proof of identity.
Proof of income and employment details including payslips.
List of income and expenses including credit card loans and car loans.
Self-employed borrowers will need the last two years of company and personal tax returns.

About Westpac home loans

Westpac offers a vast range of home loans. Westpac home loans are suited to almost every type of mortgage borrower in Australia:

First-time home buyers
Upgraders
Investors
Renovators
Refinancers
Self-employed (low-doc loans)

Borrowers who take out Westpac home loans can choose to pay principal-and-interest or interest-only. Westpac home loans can have variable or fixed interest rates, or customers can choose to split their loan between fixed and variable.

Westpac offers special benefits to customers when they package their home loan and bank account. Borrowers can enjoy interest rate discounts and savings on other Westpac products.

Westpac does not offer the lowest mortgage interest rates on the market, but it can be an attractive option for many Australians because of its strong brand, extensive branch network, and respected reputation.

Westpac home loan rates tend to be on the higher end of the spectrum. While they’re not generally the highest on the market, they tend to fall between moderate and moderately high.

Westpac home loan interest rates vary from product to product, and borrowers can choose between fixed, variable, and split mortgages.

In general, owner-occupiers are offered a lower rate than investors, and borrowers who pay principal-and-interest get a lower rate than those who pay interest-only.

Interest rates vary between variable and fixed mortgages, and also within their fixed rate mortgages. Westpac home loans can be fixed from one to five years. As a general rule, the interest rate goes up the longer you want to fix, meaning a five-year term has a higher interest rate than a one-year term.

Westpac home loans review

Westpac has a strong reputation for home loans within Australia, which makes it seem like a ‘safe’ choice for many borrowers. Because it is an established brand with millions of customers, a Westpac mortgage can feel like a safe choice in a confusing mortgage market. Plus, Westpac can offer access and convenience to Australian borrowers. Unlike online-only lenders, Westpac has an extensive branch network that operates beyond capital cities.

Westpac’s home loan offering is designed to suit almost any type of borrower. Westpac offers standard loans for first home buyers, renovators, owner-occupiers, and investors, but it also has products for more specialist clients, such as those who are self-employed.

Although Westpac can be a safer and more convenient option when it comes to home loans, it’s not always the most affordable option. Westpac home loan rates tend to be moderate or moderately high.

Today's Top Home Loan Products

Rate Chaser Ezy Prime (New Customer)

Real Time Rating™

4.63 / 5

Advertised Rate

Comparison Rate*

2.89%

Variable

2.94%

No ongoing fees
100% full offset account
Parents can sign as guarantor
Extra repayments + redraw services

Enquire Now

Advantage Package Fixed Rate Home Loan (Principal and Interest) 5 Years

Real Time Rating™

4.56 / 5

Advertised Rate

Comparison Rate*

2.89%

Fixed - 5 years

3.67%

No upfront fees
Suitable for low deposits
Parents can sign as guarantor
Extra repayments + redraw services

Enquire Now

Great Rate Fixed Home Loan (New Customers) (NSW, ACT & QLD only) 5 Years

Real Time Rating™

4.56 / 5

Advertised Rate

Comparison Rate*

2.99%

Fixed - 5 years

3.55%

special

Borrow up to 110% of the property value by asking your family to guarantee the home loan by using their property as security on your mortgage

View Now

Advantage Home Loan (LVR < 90%) (PAYG - Essentials)

Real Time Rating™

4.37 / 5

Advertised Rate

Comparison Rate*

3.04%

Variable

3.21%

100% full offset account
Extra repayments + redraw services
Free redraw facility
Repayments may decrease if RBA cuts rates

View Now

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FAQs

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Yes, ANZ, Commonwealth Bank, NAB and Westpac all offer guarantor home loans. These mortgages are also offered by many other banks, credit unions and building societies.

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