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Your home loan options.
Wherever you are in your home ownership journey, we'll help you structure your loan to suits your needs.
Get cash back on your first home loan.
Apply for a new Westpac home loan of $250,000 or more for your first home and you could get $5,000 or more cash back, to help make your home greater.
How it works
- All applicants must be first home buyers as determined by Westpac.
- Available on new Westpac residential home loans of $250,000 or more.
- This limited offer may be withdrawn at any time without notice.
Talk to our experts to see whether a Westpac home loan is right for you.
Your loan options.
* Minimum 20% equity, plus salary credit to a Westpac transaction account. Not available with any other Westpac home loan offers, or promotions or package discounts. Loans for business or Investment purposes excluded.
Lending criteria, terms and conditions, apply to home loans.
For home loans with less than 20% equity, a low equity margin may apply, see low equity margins explained for more details on how this is applied.
Interest rates are subject to change without notice.
If you don’t pay amounts when they’re due, your home loan account may exceed its limit and the interest rate applied to the over limit amount will be your annual interest rate plus an additional 5% p.a.
^ Standard transaction fees may apply. See Choices Home Loan account fees.
Additional features.
Westpac Greater Choices home loan
You could get up to $50,000 interest free for five years to help you create a warmer, drier, healthier and more energy efficient home life.
Choose a mix of heat pumps, hot water heat pumps, insulation, double glazing, ventilation, solar power systems and batteries, replacement of household gas appliances, rainwater tanks as well as electric vehicles, plus electric vehicle chargers.
Shared Equity
If you want to buy your first home but only have a small deposit, an option could be to combine the support of a Shared Equity Programme with a Choices Home Loan.
Choices Floating with Offset
Choose to offset your savings against the balance of your Choices Floating Home Loan, and only pay interest on the difference.
Split home loan
Get flexibility and certainty with some of your home loan on a floating rate and the remainder on a fixed rate.
Help with your first home.
Loans for building.
When planning to build, we have two tailored home loan options to choose from.
Featured rates.
*Minimum 20% equity, plus salary credit to a Westpac transaction account. Not available with any other Westpac home loan offers, or promotions or package discounts. Loans for business or Investment purposes excluded.
Lending criteria, terms and conditions, apply to home loans.
For home loans with less than 20% equity, a low equity margin may apply, see low equity margins explained for more details on how this is applied.
Interest rates are subject to change without notice.
If you don’t pay amounts when they’re due, your home loan account may exceed its limit and the interest rate applied to the over limit amount will be your annual interest rate plus an additional 5% p.a.
Calculators.
Get in touch.
Meet with an expert
Our Home Loan Experts can come to you, when it suits you best.
Apply online.
Existing customers can apply for a home loan via Westpac One® online banking.
Things you should know.
Interest rates and fees are subject to change without notice.
Westpac's eligibility criteria, home loan lending criteria, terms and conditions apply. A low equity margin may apply.
Documents and fees
See the detailed terms and conditions, and fees, for our home loans:
- Choices Home Loan Summary - Sample
- Choices Everyday Home Loan Summary - Sample
- Choices Home Loan Terms and Conditions
- Choices Everyday Home Loan Terms and Conditions
- Transaction and Service Fees
- Westpac General Terms and Conditions
View terms and conditions for all our home lending products here.