Home Loan Interest rates

We have a range of competitive home loan interest rates for our fixed, floating, offset and capped home loan options

Get a healthy cash bonus^ with any new home loan to help get you moving - limited time only!

And check out our limited time Home Buyers Offer to find out how you can get a great rate, healthy cash bonus, credit card with no annual account fee for two years and more. Eligibility criteria and terms and conditions apply.

Here's a summary of our current home loan rates as at 3 March 2015. All rates are subject to change without notice.

Home Loans - Interest Rates
Home loan optionRate
Choices Floating 6.59% p.a. Salary credit to a Westpac transaction account required.
Choices Everyday Floating 6.75% p.a.
Choices Offset Floating 6.59% p.a. Salary credit to a Westpac transaction account required.
Choices Fixed 5.89% p.a. for 6 months
5.99% p.a. for 1 year
6.09% p.a. for 18 months
5.39% p.a. for 2 years - special*
6.19% p.a. for 2 years
5.89% p.a. for 3 years - special*
6.39% p.a. for 3 years
6.49% p.a. for 4 years
5.99% p.a. for 5 years - special*
6.59% p.a. for 5 years
Choices Capped 6.74% p.a. for 1 year
6.99% p.a. for 2 years

A Low Equity Margin may apply where the LVR is above 80%.

These rates may differ from the rates existing Westpac home loan customers may have previously agreed with Westpac. Please contact Westpac for further information.

Want to lock it in?

With Westpac you can lock in your fixed or capped rate for up to 60 days when you apply for your loan (once you have your draw down date sorted). It doesn’t cost any extra to take up, and it means any change in the interest rate during that period won’t affect you. Westpac also offers pre-approvals so you'll know what you can afford to spend. A fee may apply to break or change a rate lock agreement.

^Cash contribution eligibility criteria: minimum of 20% equity, minimum new lending of $100,000 salary credit to a Westpac transaction account plus a Westpac credit card or specified Westpac insurance product** to be approved prior to drawdown date. Cash bonus to be credited to the nominated Westpac transaction account upon drawdown of the home loan. Cash contribution is conditional on your home loan and one bank account remaining with Westpac for the duration of your longest fixed home loan interest rate period (where applicable) or 2 years from the date of your acceptance of the cash contribution, whichever is the longer period. Home loan must be approved by Westpac between 2 February and 31 March 2015 and drawn down before 31 May 2015. Top ups of at least $100,000 worth of new lending are eligible for this offer.

*Special 2 year, 3 year and 5 year fixed rate eligibility criteria: minimum of 20% equity, salary credit to a Westpac transaction account plus a Westpac credit card or a specified Westpac insurance product**, to be approved or issued prior to drawdown date. These special fixed interest rates cannot be used in conjunction with any other Westpac home loan offers or discount packages, including previously negotiated offers or legal fee contributions.

Westpac's current credit card lending criteria apply to all applications and transfers. Westpac credit card Conditions of Use apply to the applicable card.

**Specified Westpac Insurance product to be one of the following:

Westpac insurance products are arranged by Westpac New Zealand Limited (“Westpac”) and underwritten by various insurance companies. Neither Westpac Banking Corporation nor Westpac guarantee the obligations of any insurer, or insurance product. Westpac will receive commission payments as a result of the arrangement of insurance products.

Terms, conditions, exclusions and limits apply and more detail can be found in the relevant policy document. The availability of any insurance cover is subject to the acceptance and approval of a completed application.

You can find all our home loan fees here

View terms & conditions