Westpac Home Loan Rates July 2025

Explore Westpac home loan offers to find some of the most competitive mortgage rates, fees, and features available for you.

Monthly repayment below is based on a $500,000 loan amount over 30 years.

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LenderHome LoanInterest Rate Comparison Rate* Monthly Repayment Repayment type Rate Type Offset Redraw Ongoing Fees Upfront Fees Max LVR Lump Sum Repayment Extra Repayments Split Loan Option TagsFeaturesLinkComparePromoted ProductDisclosure
5.59% p.a.
6.21% p.a.
$2,867
Principal & Interest
Fixed
$395
$150
70%
  • Owner Occupier
  • Fixed 2 Years
  • Principal & Interest
  • 30% Min Deposit
  • Redraw
  • Extra Repayments
  • More details
5.69% p.a.
6.31% p.a.
$2,899
Principal & Interest
Fixed
$395
$150
80%
  • Owner Occupier
  • Fixed 2 Years
  • Principal & Interest
  • 20% Min Deposit
  • More details
5.69% p.a.
6.24% p.a.
$2,899
Principal & Interest
Fixed
$395
$150
70%
  • Owner Occupier
  • Fixed 1 Year
  • Principal & Interest
  • 30% Min Deposit
  • Redraw
  • Extra Repayments
  • More details
5.79% p.a.
6.34% p.a.
$2,931
Principal & Interest
Fixed
$395
$150
80%
  • Owner Occupier
  • Fixed 1 Year
  • Principal & Interest
  • 20% Min Deposit
  • More details
5.79% p.a.
6.40% p.a.
$2,931
Principal & Interest
Fixed
$395
$150
70%
  • Investor
  • Fixed 2 Years
  • Principal & Interest
  • 30% Min Deposit
  • Extra Repayments
  • More details
5.79% p.a.
7.85% p.a.
$2,931
Principal & Interest
Fixed
$8
$750
70%
  • Owner Occupier
  • Fixed 2 Years
  • Principal & Interest
  • 30% Min Deposit
  • Redraw
  • Extra Repayments
  • More details
5.89% p.a.
6.50% p.a.
$2,962
Principal & Interest
Fixed
$395
$null
80%
  • Investor
  • Fixed 2 Years
  • Principal & Interest
  • 20% Min Deposit
  • More details
5.89% p.a.
6.44% p.a.
$2,962
Principal & Interest
Fixed
$395
$150
70%
  • Investor
  • Fixed 1 Year
  • Principal & Interest
  • 30% Min Deposit
  • Extra Repayments
  • More details
More home loans
Important Information and Comparison Rate Warning

Rates correct as of .


Westpac home loans: What you need to know

Westpac began in 1817 as the Bank of New South Wales, making it the oldest banking institution in Australia. Today its also the second largest bank in Australia, with its lending book valued at nearly $500 billion. Other major lenders St George, Bank of Melbourne and BankSA are all part of the broader Westpac Group - if you follow the mortgage market you'll notice when Westpac adjusts its rates, these three usually do as well.

In general, major banks tend to have slightly higher rates than some smaller lenders - the brand awareness lenders like Westpac has means that newer players often need to offer comparatively lower rates to attract customers.

You might find Westpac a good fit for your home loan needs if you:

  • Want flexible interest rates based on your profile: Westpac has an array of different products, with rates differing depending on things like LVR, whether its an owner occupier or investment loan or the extra features.

  • Are aware that brand trust and features may cost a little more: Depending on which product you choose, Westpac home loan products could incur fees including account keeping, establishment fees or charges for late repayments or loan discharge. Westpac also offers a Premier Advantage package that costs $395 per year as of 2025. Benefits can include discounted rates, waived fees and other savings.

  • Prefer in-person banking: Despite a few high profile closures in recent times, Westpac still has about 500 branches throughout Australia as of 2025.

  • Want a top-rated online banking experience: Westpac offers a streamlined online banking experience - in 2024 the Forrester Digital Experience Review ranked the Westpac app first among the big four banks. Home loan customers can manage their loan in the app, among other features including insights into the property.

  • Are looking for a range of loan products: Westpac has a diverse range of other home loan options, including split loans, construction loans, interest only loans and green loans among others. As of June 2025, these are the major home loan products Westpac has to offer:

    • Flexi First Option Home Loan: Westpac's basic variable rate with no ongoing fees

    • Rocket Repay Home Loan: A variable home loan option that includes an offset account. Premier Advantage customers can access discounted rates.

    • Fixed: Premier Advantage customers can also earn discounts on Westpac fixed home loans

  • Want flexible home loan features: Most Westpac home loans offer a free redraw option, with the Rocket Repay and Fixed products also including an offset account. Other features at Westpac include:

    • Portability (the loan can be transferred if you move house)

    • Repayment holidays (reduced repayments for a period)

    • No fee loan switching (although break costs may apply if you discharge a fixed rate early).

    • Rate lock for fixed rates (protects you from interest rates going up in between the loan being approved and the actual release of funds)

  • Are eligible for the Home Guarantee Scheme: Westpac is a participating lender in the Home Guarantee Scheme. Eligible participants may be able to borrow up to 95% of the property value (98% for the Family Home Guarantee) while not having to pay Lenders Mortgage Insurance (LMI).

  • Work in healthcare and want an LMI waiver: Westpac also offers LMI waivers to eligible registered healthcare workers who earn above a certain threshold.

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