Introducing our smashing home loan offer

We know that when moving house (or banks), all those little costs can add up. So as part of our latest home loan offer, you can get up to

$2,000* to help pay for those unexpected expenses.

But that's not all...

Our smashing new rates are designed to suit whatever your home loan needs are.

5.74% p.a. floating rate^

AND

5.95% p.a. fixed for 2 years^^

You'll have to be quick though, this offer ends 30 April 2014!

To take advantage of our floating home loan rate, all you need is to have your salary credited to a Westpac transaction account. To take advantage of the special 2 year fixed rate, you'll also need to have at least 20% equity and one additional specified Westpac product.**

Which rate is right for you?

A floating rate could be for you if:

      • you want to take advantage of lower interest rates now
      • you want the flexibility to be able to pay off lump sums from your home loan at any time without any additional cost
      • you've been paying more than your minimum home loan repayments and want to redraw to cover extra costs or projects.

A fixed rate could be for you if:

      • you want to set your repayments and know they’re not going to change during the fixed rate term
      • you want certainty by locking in a fixed rate for up to 60 days before you draw down your loan or before your existing fixed rate expires
      • you want the option to fix your loan at different terms to suit your situation
      • you don’t think you’ll need to pay lump sums off your loan during the fixed rate term.

Split loan?

You can also split your home loan between these options, which could give you the best of both worlds: the certainty of regular repayments while still having the flexibility to pay off lump sums when you want.

Check out our Split Loan Calculator to see how splitting your home loan might work for you.

Lock this fixed rate in today?

If you’re keen to lock in this special fixed rate for 60 days (once you have your draw down date sorted), simply apply for your home loan today! It doesn’t cost any extra to take up the rate lock, and it means any change to this interest rate during that 60 day period won’t affect you.^^^

Simply give us a call on 0800 177 277 or visit request a call back to lock in a rate today.

Thinking about switching to Westpac?

Whether you're ready to buy a new home, want extra cash to do up your existing home or if you’re after a great home loan to suit your changing needs, now’s the perfect time to switch to Westpac. 

In addition to all the other Westpac benefits, you could also settle in with one of our smashing new home loan rates and up to $2,000* to help with the move.

Already have a Westpac home loan?

That’s great because our smashing new rates are available to all our customers, new and existing. 

To take advantage of our floating home loan rate, all you need is to have your salary credited to a Westpac transaction account. To take advantage of the special 2 year fixed rate, you'll also need to have at least 20% equity and one additional specified Westpac product.**

And if you’re topping up your existing Westpac home loan by at least $100,000, you could also get up to $2,000 cash.*

Contact us today for a chat and we'll help structure your home loan to suit your needs.

 

*Cash criteria: minimum of 20% equity, salary credit to a Westpac transaction account plus one specified Westpac product (see list below of “Other Westpac Products”). $1,500 cash is available to new lending of $100,000 to $249,999 and $2,000 cash is available to new lending of $250,000 or more, to be credited to the nominated Westpac transaction account upon draw down of the home loan. Home loan must be drawn down before 31 July 2014. Top ups of at least $100,000 are eligible for this offer.

^Floating rate criteria: salary credit to a Westpac transaction account required. This rate may differ for existing Westpac home loan customers. Please contact Westpac for further information. Interest rate is current as at 11 April 2014 and is subject to change without notice.

^^Special fixed rate criteria: minimum of 20% equity, salary credit to a Westpac transaction account plus one other specified Westpac product required (see list below of “Other Westpac Products”). Interest rate is current as at 11 April 2014 and is subject to change without notice.

**Other Westpac Products:

To be one of the following: