Lending rates

Westpac’s current lending rates including home loans, personal loans, overdrafts and credit card rates.

Tips on reducing your account costs
All rates are subject to change without notice.

Select from the list below for the latest rates.
> overdrafts
> personal loans
> credit cards
> home loans
Overdrafts
Interest will be based on a margin over Indicator Lending Base Rate, which is currently 13.95% p.a.
Customer margins will be based and advised on application.
> more information about overdrafts
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Personal loan
 Rate Option   Interest rate
Unsecured loan for existing Westpac customers*   17.95% p.a.
Unsecured loan $10,000 or more for new customers^   17.95% p.a.
Unsecured loan less than $10,000 for new customers^   18.95% p.a.
Secured loan from 16.25% p.a.
Graduate loan**   14.00% p.a.
Based on Westpac's Personal Loan Base Rate which is currently 14% p.a.
* Any customer who has been with Westpac for more than 3 months
^ Any customer who has been with Westpac for less than 3 months
** Subject to Graduate Pac criteria
> more information about personal loans
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Credit cards
Card Purchases (and other fees & charges)
hotpoints credit card account 19.95% p.a. 
hotpoints Gold credit card account 19.95% p.a. 
BusinessPLUS Gold MasterCard 19.95% p.a.  
Low Interest MasterCard 12.95% p.a. 
Ultimate credit card account 15.65% p.a.  
MasterCard BusinessCard 19.95% p.a. 
Balance transfer rate
Transfer balances from another bank’s credit card, overdraft, personal loan, or hire purchase agreement to a Westpac credit card.

> more info on credit card balance transfer		 4.95% p.a. Special rate available until 31/3/2012. Applies to the amount transferred until it is paid off.
Cash advances rate
Cash advances on all Westpac credit cards, excluding those on Portfolio pricing		 22.45% p.a.
> more information about credit cards
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Home loans
Home loan options Interest rate
Everyday Floating Rate
(revolving credit)		 5.60% p.a.    
Floating Rate 6.24% p.a.    
Fixed rate 5.59% p.a. for 6 months
5.59% p.a. for 1 year
5.89% p.a. for 18 months
5.79% p.a. for 2 years
6.45% p.a. for 3 years
6.85% p.a. for 4 years
7.25% p.a. for 5 years		    
Capped rate 6.75% p.a. for 1 year
    

> more information about home loans
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Contact us for more info
> email  
> Westpac branches  
> phone 0800 400 600
(7am to 11pm, 7 days a week)		  
Westpac’s home loan lending criteria apply. An establishment charge may apply. A Low Equity Margin may apply. An additional fee or higher interest rate may apply to loans if the application is accepted but does not meet the standard lending criteria.The information on this page is presented subject to our legal page and any other terms and conditions that Westpac may impose from time to time. It is subject to change without notification.
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