Home Loan Interest rates

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 25 April 2014. All rates are subject to change without notice.

Home Loans - Interest Rates
Home loan optionRate
Choices Floating 5.74% p.a. Salary credit to a Westpac transaction account required.
Choices Everyday Floating 6.00% p.a.
Choices Offset Floating 5.74% p.a. Salary credit to a Westpac transaction account required.
Choices Fixed 5.50% p.a. for 6 months
5.85% p.a. for 1 year
5.99% p.a. for 18 months
5.95% p.a. special for 2 years*
6.49% p.a. for 2 years
6.85% p.a. for 3 years
7.19% p.a. for 4 years
7.40% p.a. for 5 years
Choices Capped 6.19% p.a. for 1 year
6.69% p.a. for 2 years

A Low Equity Margin may apply where the LVR is above 80%.

These rates may differ for existing Westpac home loan customers. 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.

*Minimum of 20% equity, salary credit to a Westpac transaction account plus one other specified Westpac product required, to be one of the following:

This special offer cannot be used in conjunction with any other offers or discount packages including previously negotiated offers or legal fee contributions. Top ups are included, provided the additional lending amount meets one of the cash back thresholds.

**You can get a copy of the current disclosure statement for Westpac New Zealand Limited and a copy of the investment statement for any securities for which an investment statement is required from any Westpac branch in New Zealand free of charge.

You can find all our home loan fees here

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.

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 and a copy of the investment statement for any securities for which an investment statement is required from any Westpac branch in New Zealand free of charge.