Contact
Help
Increase your home loan.
Thinking about a new bathroom or kitchen? Even a new deck for summer? Topping up or redrawing on your home loan could be a simple way to fund your project.
Topping up your home loan.
How it works.
Use your Westpac home loan
Topping up your loan allows you to borrow more money in addition to your home loan, using the equity you have in your property or the amount you have already paid off.
Get the funds you need
Use the money for home improvements, unexpected large expenses, or the things that matter to you.
You need 20% equity or more
You are eligible to top up if you have a Westpac home loan and 20% equity or more in your home (40% if 's an investment property).
Consider if topping up is right for you
Topping up your existing home loan will increase your repayments or lengthen the time it takes to pay off your home loan. See what topping up your home loan could mean for you with our home loan repayments calculator.
Fast and easy process
Call us or visit a branch and, if approved, the amount can be quickly and easily added to your home loan or be taken out as a separate loan.
Get funds by redrawing.
Access extra money
If you've been paying more than minimum repayments on your Floating or Offset Home Loan, this extra money could be available to redraw and use for whatever you like.
Redrawing is easy
If you have available funds in your Choices Floating Home Loan or Choices Everyday Floating accounts, you can log in to Westpac One online banking to withdraw the funds anytime. Alternatively, you can do it with phone banking or at your nearest branch.
Redraw on a fixed rate loan
You can redraw funds on a fixed rate home loan at the end of your fixed term.
Warm up your home.
With a Westpac Warm Up loan you could get up to $10,000 interest free for five years to invest in heat pumps, insulation and more for your home.
Westpac Warm Up loanCalculators.
Get in touch.
Things you should know.
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.
Documents and fees
View terms and conditions for all our home lending products here.