Home Loan Interest rates

Get up to $3,000^ 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 1 August 2014. All rates are subject to change without notice.

Home Loans - Interest Rates
Home loan optionRate
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
5.95% p.a. for 1 year - special*
6.09% p.a. for 1 year
6.30% p.a. for 18 months
6.09% p.a. for 2 years - special*
6.39% p.a. for 2 years
6.65% p.a. for 3 years
6.79% p.a. for 4 years
6.99% p.a. for 5 years
Choices Capped 6.49% 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 contribution 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. $2,000 cash is available to new lending of $100,000 to $249,999 and $3,000 cash is available to new lending of $250,000 or more, to be credited to the nominated Westpac transaction account upon drawdown of the home loan. Cash contribution is conditional on your home loan and one bank account remaining with Westpac for a minimum of 2 years from the date of acceptance of the cash contribution. Home loan must be approved by Westpac between 26 July and 31 August 2014 and drawn down before 30 September 2014. Top ups of at least $100,000 worth of new lending are eligible for this offer.

*Special 1 year and 2 year fixed rate 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 contribution 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 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.

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.