How it works.

A floating interest rate will go up or down in line with the market. This means you'll pay less interest if rates fall, but your repayments will increase if interest rates go up.

Features in detail

  • A loan term of up to 30 years
  • Choice of a table, reducing or interest only repayment structure
  • Choose to split your home loan with a fixed home loan option for both flexibility and certainty
  • Redraw up to your limit or apply to top up your loan by $5,000 or more
  • If you are moving, you might be able to transfer your loan to your new home.
  • Choose to add the Offset feature – allowing you to offset your savings against your floating home loan and only pay interest on the difference.

Current rate.

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.


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

Get in touch.

Meet with an expert

Our Home Loan Experts can come to you, when it suits you best.

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Talk to an expert

Request a call back from a Home Loan Expert.

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Visit us

Make an appointment to talk to a Home Loan Expert in branch.

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Apply online.

Existing customers can apply for a home loan via Westpac One® online banking.

Log in to Westpac One

Things you should know.

Interest rates are subject to change without notice. Westpac's home loan lending criteria, terms and conditions apply. A low equity margin may apply.

Documents and fees

See the detailed terms and conditions, and fees, for our Choices Floating Home Loan:

View terms and conditions for all our home lending products here.