Compare Westpac home loan rates

Find the home loan to best suit your needs. Compare reviews, interest rates, fees and features with Ratecity to make sure you get the right loan.

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 loans

Fixed Options Home Loan (Principal and Interest) (New Loans) 5 Years
Advertised rate
4.09%
Fixed - 5 years
Upfront fee
$600.00
Comparison rate*
4.79%
Ongoing fee
$8 monthly
Compare
Fixed Options Home Loan (Principal and Interest) (New Loans) 3 Years
Advertised rate
3.89%
Fixed - 3 years
Upfront fee
$600.00
Comparison rate*
4.82%
Ongoing fee
$8 monthly
Compare
Premier Advantage Package Rocket Repay Home Loan (Principal and Interest) ($250k-$500k)RewardsReceive 200,000 Velocity Points when you take out a new home loan under the Premier Advantage Package. Min loan size $250k. Offer is valid for applications submitted by 30 September 2018 and settled by 30 November 2018. Excludes refinances within Westpac Group. T&Cs apply.
Advertised rate
4.44%
Variable
Upfront fee
$0
Comparison rate*
4.82%
Ongoing fee
$395 annually
Compare
Premier Package Low Doc Rocket Repay Home Loan (Principal and Interest) ($250k-$500k)
Advertised rate
4.44%
Variable
Upfront fee
$0
Comparison rate*
4.82%
Ongoing fee
$395 annually
Compare
Fixed Options Home Loan (First Home Buyer Only)SpecialIncludes a 0.4% p.a. discount off the 3 Year Fixed Option Home Loan.
Advertised rate
3.79%
Fixed - 3 years
Upfront fee
$0
Comparison rate*
4.85%
Ongoing fee
$0
Compare
Premier Package Fixed Options Home Loan (Principal and Interest) 3 YearsRewardsReceive 200,000 Velocity Points when you take out a new home loan of up to $1M and 500,000 Velocity Points for loans over $1M under the Premier Advantage Package. Min loan size $250k. Offer is valid for applications submitted and approved before 30 September 2018 and settled by 30 November 2018.
Advertised rate
3.99%
Fixed - 3 years
Upfront fee
$0
Comparison rate*
4.85%
Ongoing fee
$395 annually
Compare
Premier Package Low Doc Fixed Options Home Loan (Principal and Interest) 3 Years
Advertised rate
3.99%
Fixed - 3 years
Upfront fee
$0
Comparison rate*
4.85%
Ongoing fee
$395 annually
Compare
Premier Package Low Doc Fixed Options Home Loan (Principal and Interest) 5 Years
Advertised rate
4.29%
Fixed - 5 years
Upfront fee
$0
Comparison rate*
4.87%
Ongoing fee
$395 annually
Compare
Premier Package Fixed Options Home Loan (Principal and Interest) 5 YearsRewardsReceive 200,000 Velocity Points when you take out a new home loan of up to $1M and 500,000 Velocity Points for loans over $1M under the Premier Advantage Package. Min loan size $250k. Offer is valid for applications submitted and approved before 30 September 2018 and settled by 30 November 2018.
Advertised rate
4.29%
Fixed - 5 years
Upfront fee
$0
Comparison rate*
4.87%
Ongoing fee
$395 annually
Compare
Premier Package Fixed Options Home Loan (Principal and Interest) 2 YearsRewardsReceive 200,000 Velocity Points when you take out a new home loan of up to $1M and 500,000 Velocity Points for loans over $1M under the Premier Advantage Package. Min loan size $250k. Offer is valid for applications submitted and approved before 30 September 2018 and settled by 30 November 2018.
Advertised rate
3.89%
Fixed - 2 years
Upfront fee
$0
Comparison rate*
4.88%
Ongoing fee
$395 annually
Compare
Premier Package Low Doc Fixed Options Home Loan (Principal and Interest) 2 Years
Advertised rate
3.89%
Fixed - 2 years
Upfront fee
$0
Comparison rate*
4.88%
Ongoing fee
$395 annually
Compare
Premier Package Fixed Options Home Loan (Principal and Interest) 4 YearsRewardsReceive 200,000 Velocity Points when you take out a new home loan of up to $1M and 500,000 Velocity Points for loans over $1M under the Premier Advantage Package. Min loan size $250k. Offer is valid for applications submitted and approved before 30 September 2018 and settled by 30 November 2018.
Advertised rate
4.29%
Fixed - 4 years
Upfront fee
$0
Comparison rate*
4.90%
Ongoing fee
$395 annually
Compare
Premier Package Low Doc Fixed Options Home Loan (Principal and Interest) 4 Years
Advertised rate
4.29%
Fixed - 4 years
Upfront fee
$0
Comparison rate*
4.90%
Ongoing fee
$395 annually
Compare
Premier Package Low Doc Fixed Options Home Loan (Principal and Interest) 1 Year
Advertised rate
4.09%
Fixed - 1 year
Upfront fee
$0
Comparison rate*
4.97%
Ongoing fee
$395 annually
Compare
Premier Package Fixed Options Home Loan (Principal and Interest) 1 YearRewardsReceive 200,000 Velocity Points when you take out a new home loan of up to $1M and 500,000 Velocity Points for loans over $1M under the Premier Advantage Package. Min loan size $250k. Offer is valid for applications submitted and approved before 30 September 2018 and settled by 30 November 2018.
Advertised rate
4.09%
Fixed - 1 year
Upfront fee
$0
Comparison rate*
4.97%
Ongoing fee
$395 annually
Compare
Fixed Options Home Loan (Principal and Interest) 5 Years
Advertised rate
4.49%
Fixed - 5 years
Upfront fee
$600.00
Comparison rate*
5.06%
Ongoing fee
$8 monthly
Compare
Fixed Options Home Loan (Principal and Interest) 3 Years
Advertised rate
4.19%
Fixed - 3 years
Upfront fee
$600.00
Comparison rate*
5.09%
Ongoing fee
$8 monthly
Compare
Low Doc Fixed Options Home Loan (Principal and Interest) 5 Years (LVR 60%-80%)
Advertised rate
4.49%
Fixed - 5 years
Upfront fee
$600.00
Comparison rate*
5.11%
Ongoing fee
$8 monthly
Compare
Fixed Options Home Loan (Principal and Interest) 4 Years
Advertised rate
4.49%
Fixed - 4 years
Upfront fee
$600.00
Comparison rate*
5.12%
Ongoing fee
$8 monthly
Compare
Low Doc Fixed Options Home Loan (Principal and Interest) 3 Years (LVR 60%-80%)
Advertised rate
4.19%
Fixed - 3 years
Upfront fee
$600.00
Comparison rate*
5.15%
Ongoing fee
$8 monthly
Compare
Fixed Options Home Loan (Principal and Interest) 2 Years
Advertised rate
4.09%
Fixed - 2 years
Upfront fee
$600.00
Comparison rate*
5.16%
Ongoing fee
$8 monthly
Compare
Low Doc Fixed Options Home Loan (Principal and Interest) 4 Years (LVR 60%-80%)
Advertised rate
4.49%
Fixed - 4 years
Upfront fee
$600.00
Comparison rate*
5.17%
Ongoing fee
$8 monthly
Compare
Low Doc Fixed Options Home Loan (Principal and Interest) 2 Years (LVR 60%-80%)
Advertised rate
4.09%
Fixed - 2 years
Upfront fee
$600.00
Comparison rate*
5.23%
Ongoing fee
$8 monthly
Compare
Fixed Rate Investment Loan (Principal and Interest) (New Loans) 5 Years
Advertised rate
4.49%
Fixed - 5 years
Upfront fee
$600.00
Comparison rate*
5.26%
Ongoing fee
$8 monthly
Compare
Fixed Options Home Loan (Principal and Interest) 1 Year
Advertised rate
4.29%
Fixed - 1 year
Upfront fee
$600.00
Comparison rate*
5.28%
Ongoing fee
$8 monthly
Compare
Fixed Rate Investment Loan (Principal and Interest) (New Loans) 3 Years
Advertised rate
4.19%
Fixed - 3 years
Upfront fee
$600.00
Comparison rate*
5.29%
Ongoing fee
$8 monthly
Compare
Premier Package Fixed Rate Investment Loan (Principal and Interest) 3 YearsRewardsReceive 200,000 Velocity Points when you take out a new home loan of up to $1M and 500,000 Velocity Points for loans over $1M under the Premier Advantage Package. Min loan size $250k. Offer is valid for applications submitted and approved before 30 September 2018 and settled by 30 November 2018.
Advertised rate
4.29%
Fixed - 3 years
Upfront fee
$0
Comparison rate*
5.31%
Ongoing fee
$395 annually
Compare
Fixed Rate Investment Loan (First Home Buyer Only)SpecialIncludes a 0.4% p.a. discount off the 3 Year Fixed Rate Investment Loan.
Advertised rate
4.09%
Fixed - 3 years
Upfront fee
$0
Comparison rate*
5.33%
Ongoing fee
$0
Compare
Fixed Rate Investment Loan (Principal and Interest) (New Loans) 2 Years
Advertised rate
4.05%
Fixed - 2 years
Upfront fee
$600.00
Comparison rate*
5.34%
Ongoing fee
$8 monthly
Compare
Premier Package Low Doc Fixed Rate Investment Loan (Principal and Interest) 3 Years
Advertised rate
4.29%
Fixed - 3 years
Upfront fee
$0
Comparison rate*
5.34%
Ongoing fee
$395 annually
Compare
Low Doc Fixed Options Home Loan (Principal and Interest) 1 Year (LVR 60%-80%)
Advertised rate
4.29%
Fixed - 1 year
Upfront fee
$600.00
Comparison rate*
5.36%
Ongoing fee
$8 monthly
Compare
Premier Package Fixed Rate Investment Loan (Principal and Interest) 2 YearsRewardsReceive 200,000 Velocity Points when you take out a new home loan of up to $1M and 500,000 Velocity Points for loans over $1M under the Premier Advantage Package. Min loan size $250k. Offer is valid for applications submitted and approved before 30 September 2018 and settled by 30 November 2018.
Advertised rate
4.19%
Fixed - 2 years
Upfront fee
$0
Comparison rate*
5.37%
Ongoing fee
$395 annually
Compare
Premier Package Low Doc Fixed Rate Investment Loan (Principal and Interest) 2 Years
Advertised rate
4.19%
Fixed - 2 years
Upfront fee
$0
Comparison rate*
5.37%
Ongoing fee
$395 annually
Compare
Premier Package Fixed Rate Investment Loan (Principal and Interest) 1 YearRewardsReceive 200,000 Velocity Points when you take out a new home loan of up to $1M and 500,000 Velocity Points for loans over $1M under the Premier Advantage Package. Min loan size $250k. Offer is valid for applications submitted and approved before 30 September 2018 and settled by 30 November 2018.
Advertised rate
4.49%
Fixed - 1 year
Upfront fee
$0
Comparison rate*
5.49%
Ongoing fee
$395 annually
Compare
Premier Package Low Doc Fixed Rate Investment Loan (Principal and Interest) 1 Year
Advertised rate
4.49%
Fixed - 1 year
Upfront fee
$0
Comparison rate*
5.49%
Ongoing fee
$395 annually
Compare
Fixed Rate Investment Loan (Principal and Interest) 3 Years
Advertised rate
4.49%
Fixed - 3 years
Upfront fee
$600.00
Comparison rate*
5.59%
Ongoing fee
$8 monthly
Compare
Low Doc Fixed Rate Investment Loan (Principal and Interest) 2 Years (LVR 60%-80%)
Advertised rate
4.39%
Fixed - 2 years
Upfront fee
$600.00
Comparison rate*
5.66%
Ongoing fee
$8 monthly
Compare
Fixed Rate Investment Loan (Principal and Interest) 2 Years
Advertised rate
4.39%
Fixed - 2 years
Upfront fee
$600.00
Comparison rate*
5.66%
Ongoing fee
$8 monthly
Compare
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.
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