Westpac Warm Up.
Beat the chill, 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.
- A warmer, dryer, healthier and energy efficient home.
- Interest free loan up to $10,000, for up to five years.
- Choose a mix of insulation, heat pumps, double glazing, ventilation, wood burners or solar power.
- Make lump sum payments² and pay the loan off earlier without penalties.
- Westpac Warm Up is available for new or current Westpac customers.
- No application or establishment fees.
How it works.
A Westpac Warm Up loan is available to people living in their own homes and to landlords. You can use it for anything regarded as a Warm Home Essential. This is any mix of insulation, heat pumps, double glazing, ventilation, wood burners and solar power systems.
A professional installer must fit the Warm Home Essentials. If you apply for a Westpac Warm Up loan, you'll need to show an installer's quote or invoice that is no more than 30 days old.
You can choose a fixed single-split heat pump system, multi-split heat pump system or a ducted heat pump system. Other types, such as portable heat pumps and heat pump water heaters, are not eligible. To find the most energy efficient heat pumps, use the Rightware tool by Energy Wise.
Please refer to the guidelines from the Ministry of Environment for information on sustainable wood burners.
New home, new loan
If you sell your home and pay off your Westpac Warm Up, you can apply for a new loan for the new property.
Qualifying for Westpac Warm Up.
Standard lending criteria
You need be an existing or new Westpac home loan customer and meet standard lending criteria.
You need over 20% equity in your owner-occupied home or 40% in your investment property.
Warm Home Essentials must be fitted by a professional installer and you'll require a quote or invoice from them.
You can only have one Westpac Warm Up loan at any given time.
HomeFit Online Checklist.
Find the areas in your home that could be made warmer and drier, see a list of local installers, and see if rental properties meet the Residential Tenancies Act standards.Check out the checklist
Things you should know.
1 A professional installer must fit the Warm Home Essentials. If you apply for a Westpac Warm Up loan, you’ll need to show an installer's quote or invoice that is no more than 30 days old.
2 Lump sum payments can only be made in branch or over the phone on 0800 177 277. They cannot be made online through Westpac One.
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.