phone 0800 177 277 (Monday to Friday, 8am to 8.30pm; Saturday 9am to 3pm)
Westpac's Choices home loan
With a Choices home loan you can choose from a range of options to suit you and change it whenever you want.
With a Choices home loan you can
borrow up to 95% of the house value in most urban areas
choose your interest rate type—floating, fixed, capped or a combination
have any loan term up to 30 years—there's no minimum term
keep Choices separate from other banking or choose a Choices everyday loan
make lump sum payments and take the money out again or take a payment holiday if you're on a floating rate
take your loan with you when you move to a new house
get regular updates to help you keep track of your loan progress
How is my Choices home loan structured?
Your Choices home loan usually has a reducing loan limit. The limit is the maximum you can borrow at any time. As you make mortgage payments, this limit reduces unitl the entire home loan is paid.
You can choose how you would like to manage your money with your Choices home loan.
Keep your Choices home loan separate
If you keep your Choices home loan separate from your everyday banking you can
make payments fortnightly or monthly
choose to make minimum repayments or increased repayments to pay your loan off faster and reduce interest costs
actively manage your repayments on a floating interest rate
choose an interest-only mortgage to keep costs down
Choices everyday loan
Have one account for your mortgage and all your other banking with a Choices everyday loan.
Westpac’s home loan lending criteria apply. An establishment charge may apply. A Low Equity Margin may apply. An additional fee or higher interest rate may apply to loans if the application is accepted but does not meet the standard lending criteria.The information on this page is presented subject to our legal page and any other terms and conditions that Westpac may impose from time to time. It is subject to change without notification.
