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Home loan interest rates.
A great rate is a great place to start. Talk to our experts about the best options for you.
Imagine $50,000 off your first home loan.
There are 5 chances to win as a first home buyer. Terms & conditions apply.
Featured rates.
* Min 20% equity, plus salary credit to a Westpac transaction account. Not available with any other Westpac home loan offers, promotions or package discounts, or the Westpac Choices Home Loan with Airpoints™. Loans for business or investment purposes excluded.
If you don’t pay amounts when they’re due, your loan account may exceed its limit and the rate of interest that’ll be applied to the overlimit amount will be the interest rate + 5% p.a.
Choices Fixed.
Fix your interest rate and be sure your repayments will stay the same.
* Min 20% equity, plus salary credit to a Westpac transaction account. Not available with any other Westpac home loan offers, promotions or package discounts, or the Westpac Choices Home Loan with Airpoints™. Loans for business or investment purposes excluded.
If you don’t pay amounts when they’re due, your loan account may exceed its limit and the rate of interest that’ll be applied to the overlimit amount will be the interest rate + 5% p.a.
Choices Floating.
Keep your options open and pay off lump sums without prepayment costs^.
^ Standard transaction fees may apply. See Choices Home Loan account fees.
If you don’t pay amounts when they’re due, your loan account may exceed its limit and the rate of interest that’ll be applied to the overlimit amount will be the interest rate + 5% p.a.
1 For existing customers, until 16 June 2022:
Choices Floating Rate remains at 5.54% p.a.
Choices Everyday Floating Rate remains at 5.64% p.a.
Choices Floating with Offset Rate remains at 5.54% p.a.
Base rates.
The following base rates are listed for disclosure purposes. The Choices Floating interest rates are calculated as: (a base rate times a modifier (if any)) plus a margin (if any). For more information on Base Rates and to see which rate applies to your loan, see your loan terms and conditions#.
#Westpac NZ may change the Base Rate, replace it with a new Base Rate, or change the modifier (if any) or the margin (if any) from time to time.
If you don’t pay amounts when they’re due, your loan account may exceed its limit and the rate of interest that’ll be applied to the overlimit amount will be the interest rate + 5% p.a.
1 For existing customers, until 16 June 2022:
Residential Base Rate remains at 5.54% p.a.
Transactional Base Rate remains at 5.64% p.a.
Housing Base Rate remains at 5.54% p.a.
More choices.
Calculators
Get in touch.
Meet with an expert
Our Mobile Mortgage Managers can come to you, when it suits you best.
Apply online.
Our home loan online application form is temporarily unavailable. We apologise for any inconvenience. You can apply for a home loan through a Mobile Mortgage Manager, by calling us on 0800 177 277, or making an appointment at your nearest branch. Existing customers can also apply via Westpac One® online banking.
Things you should know.
Interest rates and fees are subject to change without notice.
Westpac's home loan lending criteria, terms and conditions apply. An establishment fee may apply. A low equity margin may apply.
Documents and fees
See the detailed terms and conditions, and fees, for our home loans:
- Choices Home Loan Summary - Sample
- Choices Everyday Home Loan Summary - Sample
- Choices Home Loan Terms and Conditions
- Choices Everyday Home Loan Terms and Conditions
- Transaction and Service Fees
- Westpac General Terms and Conditions
View terms and conditions for all our home lending products here.