Westpac
★ 3.9 / 5
big4 · Est. 1817 · HQ NSW · ABN 33 007 457 141
Oldest bank in Australia; Premier Advantage Package remains the headline owner-occupier offering.
Pros & cons
Pros
- Established brand
- Premier Advantage Package features
- Investor product depth
Cons
- Higher comparison-rate spreads
- Variable retention sluggish
Westpac home loan products
| Product | Type | Rate | Comp. rate | Features |
|---|---|---|---|---|
| Premier Advantage Variable | variable | 6.04% | 6.42% | offset, redraw, package, extra repay |
| Flexi First Option Variable | variable | 6.14% | 6.15% | redraw, extra repay |
Indicative monthly repayment on a $500,000 loan over 30 years at Westpac's lowest rate (6.04% p.a.): $3,011/month. Run a full comparison on our repayment calculator.