Westpac Home Loans


Westpac Refinancing

Compare Westpac Home Loans

Westpac Refinancing Home Loan Products

Westpac Line of Credit Home Loan

Get access to as much as 95% LVR of a home’s equity, with insurance. The money can be used for an investment or line of credit, and the interest rate is variable. Benefits include redraw, a split loan option, construction, additional repayments, and a choice between interest only and principal and interest payments.

Westpac Fixed Rate Investment Property Home Loan

1 Year Fixed Rate

Self-employment does not need to limit refinance options at Westpac. This bank will even help customers get approved. Get a good loan for an investment property and borrow as much as 95% LVR with insurance, and get redraw, interest only payments, and extra payments as options.

2 Years Fixed Rate

Get a good loan for an investment property and borrow as much as 95% LVR with insurance. Choose principal and interest or interest only payments. Other options include making extra payments and redraw.

3 Years Fixed Rate

Investors can get 3 years of a steady fixed rate on an investment property. They can also borrow up to 95% LVR if insurance is added into the loan. Available options include choosing between interest only or principal and interest payments, redraw, and making extra payments.

4 Year Fixed Rate

Investors do not necessarily need a huge down payment to get a mortgage for their next investment property. Borrow as much as 95% with insurance, and get 4 years of a fixed rate. Options include redraw, the ability to make additional payments and choosing between interest only or principal and interest payments.

5 Year Fixed Rate

Take advantage of this loan for as much as 95% LVR with insurance and get 5 years of fixed interest. Make a choice between principal and interest or interest only payments. Other options include redraw and extra repayment.

10 Years Fixed Rate

Looking to get an investment property refinanced? Get a loan with only 5% down and let Westpac provide 95% LVR with insurance. Options include choosing between principal and interest or interest only, extra repayment, and redraw.

Westpac Fixed Rate Options Home Loan

1 Year Fixed Rate

Refinance a home with a one year fixed interest mortgage. Borrow as much as 95% of the LVR plus LMI on the loan. The available options include using it for an investment, redraw, extra repayments, and choose between principal and interest or interest only payments.

2 Year Fixed Rate

Refinance a home for as much as 95% of its LVR, with insurance being included, or 80% without it. The loan can be used for an investment property, and repayment is either principal and interest or interest only. Other options are redraw and extra repayments.

3 Year Fixed Rate

Homeowners can enjoy the benefits of knowing what the interest rate will be for three years. They can also finance up to 95% of LVR with LMI, or 80% without it. Options include redraw, investment, extra repayments, and a choice between principal and interest or interest only.

4 Year Fixed Rate

Homeowners can relax knowing that their payments will not increase for four whole years. Get a loan for as much as 95% LVR with insurance. Money can be used for an investment property, and benefits include redraw, choosing between principal and interest or interest only, and extra repayments.

5 Year Fixed Rate

This mortgage can provide a lot of financial stability in times of economic stress, enabling homeowners to know what their payments will be for five full years. Finance as much as 95% LVR with insurance. Money can be used for investment. Borrowers can choose between interest only or principal with interest. Redraw and extra payments are available.

Westpac Flexi First Option Home Loan

This basic home loan gives owner-occupied homeowners the flexibility to adjust their loan as needed. It has lower interest rates and no maintenance fees. Options include additional repayments, redraw, increasing the loan, and interest only or principal and interest payments.

Westpac Flexi First Option Investment Loan

When looking to refinance an investment property, this loan provides a discounted rate for three years. It has no maintenance fees and enables other features to be added. Options include interest only payments and ability to increase the loan and make extra payments.

Westpac Rocket Repay Home Loan

Homeowners benefit by being able to reduce the amount of interest paid by having a linked Choice bank account. They can also pay interest only for up to 5 years, take a repayment holiday, get redraws, and more.

Westpac Rocket Repay Investment Loan

Investors are able to repay a refinanced mortgage faster on an investment property with a connected offset account. Borrow up to 95% LVR with insurance on this variable home loan. Options come with split loan, redraw, and a choice between principal and interest or interest only payments.

Westpac Premier Advantage Package

Refinance a home or investment property with the “Package.” This deal can be obtained for a variety of loans, including investment properties, equity access, and rocket loans. Loans can have either fixed or variable interest rates.

About Westpac Refinancing

The Westpac Refinancing Checklist

Westpac provide a handy checklist designed to guide you through the Westpac refinancing process.

Assess the features and benefits

Different loan products provide different features and benefits. You are encouraged to decide which features most suit your situation.

Benefits can include the ability to redraw money from additional payments, the flexibility to increase, decrease or suspend payments, or reliability of a fixed interest period.

Take into account costs

You are also advised to remember that, in most cases, home loan refinancing is not free. There will be charges incurred on both sides, as the original lender seeks a discharge or termination fee as well as compensation for a broken contract. The new bank or lending institution may also levy a registration fee or other charge against the purchaser.

Weigh up the options

Costs and interest rates should be factored in alongside each other, as you aim to distinguish which loan deal is the most suited to your situation and your needs. Even relatively small decreases in the rate of interest applied to the loan can provide big savings across its entire lifetime.

That said, you do not want to be waiting years to begin benefiting from a Westpac refinancing package. With this in mind, you should outline a clear aim including an acceptable latency period between entering into the agreement and benefiting financially. This makes it easier to select the right loan product when choosing a Westpac refinancing loan.