Australia's oldest bank, founded in 1817. Comprehensive home loan range with strong features and broad product selection.
Variable Rate from
5.88%
Fixed Rate from
5.94%
Comparison Rate
6.03%
Westpac is Australia's oldest bank, founded in 1817 as the Bank of New South Wales. As one of the Big 4, Westpac serves over 12 million customers and offers one of the widest product ranges in Australian banking. The Westpac Group also includes St. George, BankSA, Bank of Melbourne, and RAMS.
Westpac is known for a deep product suite, strong branch presence, and competitive rates when packaged. Their Premier Advantage Package is popular with borrowers who want comprehensive features bundled together with rate discounts.
Westpac excels for borrowers with loans above $750K. Their Premier Advantage Package gives deeper rate discounts at higher loan amounts, and their serviceability is strong for high earners.
With the widest product range among the Big 4, plus sub-brands like St. George and RAMS, Westpac Group gives you more options to find the right fit.
Westpac offers LMI waivers for medical, legal, and accounting professionals, allowing up to 90% LVR without mortgage insurance costs.
If you bank with Westpac, St. George, BankSA, or Bank of Melbourne, you may access faster processing, loyalty discounts, and easier documentation.
Westpac's basic variable loan. Low rate with redraw but no offset account. Ideal if you want a simple, cheap variable loan from a Big 4 bank.
Rate: 5.88% p.a. (owner-occupied, P&I, LVR <80%)
Westpac's flagship bundled product. Includes 100% offset, rate discount, fee waivers on cards and insurance. Best value on larger loans.
Annual fee: $395/year (rate discount typically 0.5-0.8%)
Lock in your repayments for 1 to 5 years. Available as standalone or within Premier Advantage Package. Limited extra repayments during the fixed term.
Rate: 5.94% p.a. (2-year fixed, owner-occupied, P&I)
Variable and fixed options for investors. Interest-only available up to 5 years. P&I or IO with competitive rates for the Big 4.
Rate: 6.24% p.a. (investment, variable, P&I)
100% offset on Premier Advantage Package. Multiple offset accounts allowed. Every dollar reduces your interest bill.
Free redraw on variable loans via online banking or app. Access your extra repayments whenever you need them.
Combine fixed and variable portions. Great for hedging against rate rises while keeping some flexibility.
Access to St. George, BankSA, Bank of Melbourne, and RAMS products through one group. More options if Westpac's main offering doesn't fit.
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