How it works.

The following criteria apply to be eligible for this $5,000 cash incentive:1

  • The loan must be a new Westpac residential home loan
  • Minimum new lending of $500,000
  • Minimum 20% deposit
  • Your home loan needs to be drawn down by 30 June 2022.

Let Westpac make your decision easier to move. Talk to us to see whether refinancing is right for you.

Get in touch.

What you need to apply.

To bring your home loan to Westpac, your home loan application will require a little homework. To help make it easier, we’ve outlined the key steps you’ll need to take.

Get in touch.

Meet with an expert

Our Mobile Mortgage Managers can come to you, when it suits you best.

Find a Mobile Mortgage Manager

Visit us

Make an appointment to talk to a home loan expert in branch.

Find your nearest branch

Featured rates.

* Min 20% equity, plus salary credit to a Westpac transaction account. Not available with any other Westpac home loan offers, promotions or package discounts, or the Westpac Choices Home Loan with Airpoints™. Loans for business or investment purposes excluded.

If you don’t pay amounts when theyre due, your loan account may exceed its limit and the rate of interest thatll be applied to the overlimit amount will be the interest rate + 5% p.a.


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

Things you should know.

1Standard transaction fees may apply. See Choices Home Loan Account fees

Interest rates are subject to change without notice. Westpac's home loan lending criteria, terms and conditions apply. An establishment fee of $140 may apply.

Cash incentive of $5,000 is available for qualifying loans.

Offer current as at 28 March 2022 and subject to change without notice. A minimum 20% equity, minimum new residential home lending of $500,000 and salary credit to a Westpac transaction account are required to be eligible for the cash contribution. Loans must be drawn down before 30 June 2022. Loans for business or investment purposes are excluded. Cash to be credited to the Westpac transaction account on drawdown.

The cash contribution is conditional on the applicant agreeing that the loan will remain with Westpac for at least three years and if the loan is repaid within that time a pro-rata portion of the cash contribution, based on the remaining months left, will be repaid to Westpac. See full Cash Contribution Terms and Conditions.

All offers can be changed or withdrawn at any time without notice.

Documents and fees

See the detailed terms and conditions, and fees, for our home loans:

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