Westpac Home Loan – loan
Online loans up to $1 000 000
Applying does not commit you to a contract.
Properties of this loan
- Online loans up to $1 000 000
- Term 3 - 30 years
Westpac is one of Australia's "big four" banks and the country's oldest banking brand, founded in 1817. It operates nationally and also owns the St.George, BankSA and Bank of Melbourne brands, which largely share Westpac's lending products under different regional branding.
Westpac offers home loans for owner-occupiers, investors and first home buyers with variable, fixed and split-rate structures, offset accounts on eligible products, and both branch and broker channels. As a major bank, Westpac can lend against property across most of Australia and offers a mobile lender service for customers who can't easily get to a branch.
✓ Pros
- Broad range of fixed, variable and split-rate loan options
- Offset accounts available on eligible loans
- Mobile lenders available for appointments outside branches
- Pre-approval available before house hunting
✗ Cons
- Deposit requirements apply; low deposits usually mean Lenders Mortgage Insurance
- Standard rates aren't always market-leading — worth comparing
- Valuation and approval process takes longer than unsecured lending
How to apply
- Select your amount
- Wait for the contact
- Get your application verified
Loan requirements
- ✓ 18 years or older
- ✓ Australian citizen or permanent resident (some lenders accept eligible visa holders)
- ✓ Deposit or equity, commonly 5–20% of the property value
- ✓ Stable employment history and serviceable income
- ✓ Satisfactory credit history and lender valuation of the security property
Frequently asked questions
24 hours
The minimum loan amount at Westpac Home Loan is $10,000.
About Westpac Banking Corporation
| Company | Westpac Banking Corporation |
|---|---|
| Address | 275 Kent St, Sydney NSW 2000 |
| Website | https://www.westpac.com.au |