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Split home loan.

Splitting your home loan between a floating rate and a fixed rate gives you flexibility as well as certainty.

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Benefits.

Flexibility to pay off the floating portion as fast as you like with no prepayment costs.
Have peace of mind that repayments for your fixed portion won't change for the fixed period you have chosen.
Select different terms for the fixed portion, from six months to five years.

How it works.

A Westpac split home loan divides your borrowing across floating and fixed interest rates so you can enjoy the benefits of both. The floating portion gives the flexibility to make lump sum payments with no prepayment costs, while the fixed part helps to spread risk if interest rates go up or down. Here are some different options for splitting your loan.