Australia’s first bank, Westpac, was established in 1817 and has grown to serve over 13 million customers. Westpac is one of Australia’s biggest banks and has won numerous awards for its home loans.
As you might suspect given this history, Westpac is one of Australia's Big Four – a group of the countries' largest lenders (the list is rounded out by the Commonwealth Bank of Australia, the National Australia Bank, and the Australia and New Zealand banking group) – and because of it's size, Westpac has thousands of branches available across the country, and offers mortgage products that suit a wide variety of borrowers, from the savviest property investor to the greenest first time homebuyer.
When it comes to applying for a Westpac home loan, you can either call the company (1300 650 105) between 8 am and 8 pm, seven days a week, or enter your contact information and request a call back on the Westpac website. Of course, you can also visit a lender in person.
Beyond Australia, Westpac also operates in Asia, New Zealand, and the United Kingdom.
When it comes time to apply for a mortgage with Westpac, they are very specific about the information they're looking for when you sit down with one of their financial managers.
The full checklist can be found here, in PDF Form
- You will need to be at least 18 years of age to apply for a home loan
- If you are a new customer, you will also need to be able to prove your identity – with a passport, a drivers license, or a Medicare card.
Some other features that many Westpac mortgages include are reduced payments for up to six months for a holiday or home renovation, as well as a parental leave reduction; the ability to make extra repayments on your loan; offset accounts on some loans such as the Rocket Repay Home Loan and Rocket Investment Home Loan,and the SmartPay automatic payment program.