Westpac Package Home Loans

Westpac has won Canstar’s 5-star rating for outstanding value for package home loans in 2017.

This year, Canstar has researched and rated 29 providers of package home loan products in Australia. Canstar is pleased to congratulate Westpac on achieving our 5-star rating for outstanding value package home loans, for the second time in a row.

Westpac wins 5 star Home Loan Package Why Westpac won a 5-star rating for package home loans

Through a strong offering of both price and extensive features, Westpac has managed to achieve a 5-star rating in Canstar’s Package Home Loan ratings.

In terms of credit cards on offer to the consumer, Westpac’s Premier Advantage Package product offers a great variety of rewards cards and the ability to attain bonus reward points as part of the package, as well as access to a low rate card. This, in combination with a competitively priced home loan and transaction account, see Westpac attaining a Canstar 5-star rating.

Westpac also offer a range of insurance discounts along with their Premier Advantage package such as car insurance, income protection insurance, and home and contents insurance.

Westpac won a 5-star rating for package home loans

Find out about other types of home loans available from Westpac here.

The inclusions above represent a selection of what is included. Additional conditions may apply to different features. Please ensure that you read the product disclosure statement (PDS) to determine all the package options and inclusions for the product you are considering.
Canstar is an information provider and in giving you product information Canstar is not making any suggestion or recommendation about a particular credit product. If you decided to apply for a home loan, you will deal directly with a financial institution, and not with Canstar. Rates and product information should be confirmed with the relevant financial institution. For more information, read our detailed disclosure and our Financial Services and Credit Guide (FSCG).

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About Westpac

Westpac is a provider of home loans, banking and investment products, as well as home insurance, landlord insurance, and other insurances.

Westpac was founded in 1817 as the Bank of New South Wales, making it Australia’s first bank, and its first officially incorporated company. Today, Westpac serves nearly 13 million customers. As one of the Big 4 Australian banks, the Westpac Group also owns a number of other banking brands including St.George Bank, Bank of Melbourne, BankSA, and RAMS.

Customers can search for your dream home or your next real estate investment opportunity using the Westpac Home Finder app. Check out Westpac’s ‘Top Tips’ for owning your own home sooner on their website or on YouTube.

To tackle the affordable housing challenge in Australia, Westpac lent $1.05 billion to the social and affordable housing sector as of 2015-16 (2016 Annual Report). Westpac also ran educational workshops for more than 59,500 people in 2015-16 to help everyday Aussies learn how to manage their money better. The Westpac Foundation also distributed 100 community grants in 2016, for innovative social enterprises that are making a difference in the world.

One of Westpac’s latest initiatives, Businesses of Tomorrow, was launched in 2016. This award recognises 200 emerging businesses and rewards them with professional services, mentoring from influential business leaders, global study tours, national media, and more.

Westpac supports the Australian community by focussing on disaster relief for businesses and communities, addressing financial and educational disadvantage in Aboriginal and Torres Strait Islander communities, and microfinance for more than 1,000 marginalised small businesses. In 2015-16, 30,700 customers accessed a financial assistance package from Westpac (2016 Annual Report), and in total, Westpac made $148 million in community contributions this year.

Many people would recognise Westpac for its sponsorship of the Westpac Rescue Helicopters:

Source: Westpac Banking

And when it comes to equality for all, Westpac has been making strides. Their proportion of leadership roles filled by women is now 48%, with a 2017 target of 50% even – but their management roles filled by women is still only 40%, which is less than other major banks. Westpac also employs more than 4% Indigenous Australians, and this year they partnered with CareerSeekers to help three refugees who are students to complete paid internships with Westpac.

Westpac also protects the environment, having invested in total $6.2 billion to the CleanTech and environmental services sector as of 2015-16. They raised $500 million through issued Westpac Climate Bonds this year, with funds allocated to wind energy facilities and low carbon commercial properties. The Westpac Group is carbon natural and has reduced greenhouse gas emissions by 40% since 1996.

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Written by: TJ Ryan | Last updated: January 20, 2017