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Basic Variable Rate (Flexi First Option) Home Loan


Winner of Best Small Deposit Home Loan, RateCity Gold Awards 2021

Advertised Rate


% p.a


Comparison Rate*


% p.a

Maximum LVR
Real Time Rating™


/ 5
Monthly Repayment


based on $300,000 loan amount for 25 years at 2.29%

Advertised Rate


% p.a


Comparison Rate*


% p.a

Maximum LVR
Real Time Rating™


/ 5
Monthly Repayment


based on $300,000 loan amount for 25 years at 2.29%

Calculate your repayments for this loan

I'd like to borrow


Loan term


Your estimated repayment


based on $300,000 loan amount for 25 years at 2.29%

Westpac home loans are available through brokers who can help find the right loan and manage your application at no charge.

Daniel Uzelac

Get expert advice from a home loans specialist.

Residential & Commercial Finance Specialist Lendier Finance is committed to helping you find the right financial solution and make wise decisions moving forward. Whether you are in the market looking to purchase your first home, refinance your existing mortgage or looking to grow your investment portfolio. From various contacts in the industry, we will find the solution for the best outcome. At Lendier Finance we are dedicated to work with you towards your financial goals and always have your best interest in mind. We will take the time to understand your goals and assist with finding you most appropriate solution to align with your financial goals. Focus is to go through every single file to make sure it will get approved before submission and present the best possible scenario add value to our clients and score an APPROVAL.


CRN: 534385

Quick home loan review

For Basic Variable Rate (Flexi First Option) Home Loan (LVR 70%-95%) (New Customer)

These are the benefits of this home loan.

  • Interest rates ranked in the best 20%
  • No upfront or ongoing fees
  • Suitable for low deposits
  • Parents can sign as guarantor
  • Extra repayments and redraw facility
  • Free redraw facility
  • Split account option
  • Features on 2021 RateCity Awards

These are the drawbacks of this home loan.

  • No offset account
  • Discharge fee at end of loan

Home loan overview

For Basic Variable Rate (Flexi First Option) Home Loan (LVR 70%-95%) (New Customer)



Maximum LVR


Total Repayments

Next LVR

Interest rate type


Borrowing range

Suitable for

Owner Occupiers

Loan term range

1 - 30 years

Principal & interest

Interest only

Applicable states


Make repayments

Fortnightly, Monthly, Weekly


Extra repayments

Unlimited extra repayments

Redraw facility

Redraw fee: $0

Split interest facility

Loan portable

Repayment holiday available

Allow guarantors

Available for first home buyers


Total estimated upfront fees


Application fee


Valuation fee

At Cost

Settlement fee


Other upfront fee


Ongoing fee

$0 monthly

Discharge fee


Application method



In branch

  • Cashback Refinance and get $3,000 cashback for new Owner Occupier and Investment Loans. Apply by 30 November 2021 and settle by 28th February 2022. Terms and Conditions apply.*
    *$3,000 Refinance cashback for Owner Occupier (Principal & Interest) and Investment Property Loans, LVR less than 90%. Minimum loan amount $250k. Excludes refinances from within Westpac Group. Only one $3K cashback offer available per primary applicant within a 12 month period. Available on Premier Advantage Package, with a $395 annual package fee and Flexi First Option Home Loans. Credit criteria, fees, charges, eligibility criteria and exclusions apply.

Target Market Determination

Visit Westpac to view Target Market Determination.

Other Benefits

Includes a 1.64% p.a. discount for two years from loan settlement date reverting to a 1.14% p.a. discount for the life of the loan^. Applies to new Owner Occupier home loans with Principal and Interest repayments.



What is the minimum amount you can apply for?

The range you can borrow from this loan is $25k to $99,999,999.

What's the minimum deposit needed for this loan?

This loan option comes with a maximum loan-to-value ratio of 95 percent, which means it requires a minimum deposit of 5 percent

What's the maximum length for this loan?

Westpac allows you to have this loan for a range of 1 to 30 years.

How often can you make repayments?

Westpac allows you to make repayments to this loan option through one of the following repayment schedules: fortnightly, monthly, weekly.

How much will the upfront fees be for this loan?

While it could change based on your circumstances, RateCity estimates that this loan option comes with $0 worth of upfront fees.

Does this loan come with a redraw facility?

Yes, this loan comes with a redraw, charged at $0 if you need to use it.

How do you apply for this loan?

To apply for this loan, please contact Westpac.

Can a broker help me with this loan?

Yes, this Westpac loan is available through a broker. Find a broker to help you with your needs.