Westpac Home Loans
“Australia – proudly supported by Westpac.”
Loan Options: What Westpac home loans offer
The inclusions below represent a selection of the features available with a standard Variable Rate home loan of $350,000 for an owner-occupier. CANSTAR is not making any suggestion or recommendation to you about this product. Please see our comparison tables for more details information about products on offer from this provider.
Additional conditions may apply to different features. Please ensure that you read the product disclosure statement to determine all the current loan terms and conditions for the product you are considering.
Variable home loan features
- Offset account available.
- Redraw facility available.
- Additional repayments allowed at any time with no fee charged.
- Repayment holiday available(if extra repayments have been made).
- Parental leave option available to reduce repayments by 50% for up to 6 months.
- Interest only repayments available for up to 5 years.
- Top up feature available.
- Draw down loan option available for construction purposes.
Westpac was Australia’s first bank, and its first officially incorporated company. Established in 1817 as the Bank of New South Wales, Westpac now serves around 13 million customers.
Westpac is one of the big four Australian banks and they own a number of other banking brands including St. George, Bank of Melbourne, BankSA, and RAMS.
You can search for your dream home or your next real estate investment opportunity using their Home Finder app. If you’re a landlord or own an investment property, watch Westpac’s series of home loan tips for investors.
How Westpac supports the community
- Community focus areas: Westpac directly supports disaster relief for businesses and communities, addressing financial and educational disadvantage in Aboriginal and Torres Strait Islander communities, and microfinance for marginalised small business people.
- Supporting community organisations: Westpac provides financial solutions for Not-For-Profit businesses and long-term group community partnerships.
- Westpac Foundation: This foundation funds innovative social enterprises that are making a difference in the world.
- Charitable giving: Westpac also has an employee volunteering scheme and a workplace giving program.
How Westpac supports the environment
- Tackling climate change in 5 key ways, including reducing water consumption to meet the targets in the UN CEO Water Mandate, and restoring Australia’s unique biodiversity.
- Reduced greenhouse gas emissions by 40% since 1996.
- Participates in several external initiatives to help improve the environmental performance of their business, such as the UN Global Compact and UNEPFI.
Written by: TJ Ryan