How can we help?
Home Loan Interest rates
Get a healthy cash bonus with any new home loan to help get you moving - limited time only!
We have a range of competitive home loan interest rates for our fixed, floating, offset and capped home loan options.
Here's a summary of our current home loan rates as at 21 September 2014. All rates are subject to change without notice.
|Home Loans - Interest Rates|
|Home loan option||Rate|
|Choices Floating||6.59% p.a. Salary credit to a Westpac transaction account required.|
|Choices Everyday Floating||6.75% p.a.|
|Choices Offset Floating||6.59% p.a. Salary credit to a Westpac transaction account required.|
|Choices Fixed||5.80% p.a. for 6 months|
|6.09% p.a. for 1 year|
|6.30% p.a. for 18 months|
|5.99% p.a. for 2 years - special*|
|6.39% p.a. for 2 years|
|6.19% p.a. for 3 years - special*|
|6.65% p.a. for 3 years|
|6.79% p.a. for 4 years|
|6.99% p.a. for 5 years|
|Choices Capped||6.74% p.a. for 1 year|
|6.99% p.a. for 2 years|
A Low Equity Margin may apply where the LVR is above 80%.
These rates may differ from the rates existing Westpac home loan customers may have previously agreed with Westpac. Please contact Westpac for further information.
Want to lock it in?
With Westpac you can lock in your fixed or capped rate for up to 60 days when you apply for your loan (once you have your draw down date sorted). It doesn’t cost any extra to take up, and it means any change in the interest rate during that period won’t affect you. Westpac also offers pre-approvals so you'll know what you can afford to spend. A fee may apply to break or change a rate lock agreement.
^Cash bonus eligibility criteria: minimum of 20% equity, minimum new lending of $100,000, salary credit to a Westpac transaction account plus a Westpac credit card, to be approved prior to drawdown date. Cash bonus to be credited to the nominated Westpac transaction account upon drawdown of the home loan. Cash bonus is conditional on your home loan and one bank account remaining with Westpac for the duration of your longest fixed home loan interest rate period (where applicable) or 2 years from the date of your acceptance of the cash bonus, whichever is the longer period. Drawdown date restrictions apply, for further information please contact your local branch or phone 0800 177 277. Offer available for a limited time only. Top ups of at least $100,000 worth of new lending are eligible for this offer.
*Special 2 year and 3 year fixed rates eligibility criteria: minimum of 20% equity, salary credit to a Westpac transaction account plus a Westpac credit card, to be approved prior to drawdown date. These special fixed interest rates can be accessed in conjunction with the cash bonus offer (subject to eligibility criteria) but cannot be used in conjunction with any other Westpac home loan offers or discount packages, including previously negotiated offers or legal fee contributions.
Westpac's current credit card lending criteria apply to all applications and transfers. Westpac credit card Conditions of Use apply to the applicable card.
You can find all our home loan fees here
Westpac's home loan lending criteria and terms and conditions apply. An establishment charge may apply. A Low Equity Margin may apply. An additional fee or higher interest rate may apply to home loans if the application is accepted but does not meet the standard lending criteria. You can get a copy of the current Disclosure Statement for Westpac New Zealand Limited from any Westpac branch in New Zealand free of charge.
Welcome Home Loan can only be used for the purchase of owner occupied properties. Income caps and regional loan caps apply. A Lenders Mortgage Insurance Premium applies. Welcome Home Loan and Westpac’s current home loan lending criteria and terms and conditions apply. An establishment charge may apply.