Your options.

How can I book in a new fixed rate?

You can book in a new fixed rate up to 60 days before the end of your current fixed term through Westpac One® online banking (if eligible) or by getting in touch with us. In case interest rates change after you book in your new fixed term, you can choose to rate lock.

This will give you peace of mind that this is the fixed rate you'll get during your next term (though if rates get better, you can still break your rate lock for a fee1).

If you don't choose to take a rate lock, your rate is subject to change in line with the market environment. If you book your new fixed rate in Westpac One, we’ll lock your rate automatically for you.

See our home loan interest rates

Get flexibility with a floating rate

If you don't do anything before your fixed term ends, you will automatically roll onto our current Choices Floating interest rate. This gives you the flexibility to pay lump sums off your loan or increase your regular payments whenever you want with no prepayment costs.

See our Choices Floating option

Enjoy the best of both worlds by splitting

Splitting your loan between fixed and floating rates enables you to pay off lump sums on the floating portion of your loan without prepayment costs, while having certainty that your repayments will stay the same on the fixed portion.

Learn about our Split home loan

Save money by offsetting

If you've built up some savings, you could use it to potentially cut years off your loan. Offset an eligible Westpac transaction or savings account against your floating home loan and you could save thousands on interest payments.

More about Choices Floating with Offset


Find the best option for you with our home loan calculators.

Get in touch.

Refix online

If you're eligible, refix your loan within 60 days of your fixed term end date.

Login now

Talk to us

Call us from 8am to 6pm Monday to Friday, 9am to 3pm Saturday.

Call 0800 177 277

Visit us

Make an appointment to talk to a Home Loan Expert.

Find your nearest branch

Things you should know.

1 A fee of $30 will apply to break or change a rate lock agreement. If you change your mind after booking a fixed rate through Westpac One, you can change your rate by contacting us at 0800 336 933 up to three business days before the start of your new rate. A $30 rate lock break fee will apply. Usual fixed term prepayment costs will apply to any changes to your new fixed rate from the start date of your new fixed term onwards.

Westpac's home loan lending criteria, terms and conditions apply. A low equity margin may apply.