Westpac Bank

Westpac Bank

Westpac is the second largest bank in Australia that offers a range of financial packages to support personal, business, and commercial loans.

  • Loan Types
  • Loan Types 2
  • Loan Types 3

Westpac Premier Advantage Package

As a featured loan product, you will get a fully packaged home loan with an offset account and discount interest rates. This package requires an annual fee of $395.

Along with the discounted interest rates on fixed and variable home loans, customers can save $600 on establishment fees and a minimum of $96 on ongoing loan maintenance fees. 

Generally, this is the best choice for larger loan sizes as borrowers must either hold or be approved for a Westpac Choice transaction account linked to their home loan.

Westpac Premier Advantage Package

As a featured loan product, you will get a fully packaged home loan with an offset account and discount interest rates. This package requires an annual fee of $395.

Along with the discounted interest rates on fixed and variable home loans, customers can save $600 on establishment fees and a minimum of $96 on ongoing loan maintenance fees. 

Generally, this is the best choice for larger loan sizes as borrowers must either hold or be approved for a Westpac Choice transaction account linked to their home loan.

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Find out everything you need to know about overseas home loans.

Pros and Cons

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Pros Cons
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Mortgage Features

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Feature Details
Deposit Size
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Offset Account
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Repayment Options
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Package Benefits
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Interest Rates
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Expat Information
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Allow us to find you the perfect home loan.​

Apply online to get expert recommendations with real interest rates and repayments.

Mortgage Features

ANZ is one of Australia's biggest lenders and has a large range of home loan products. This includes package home loans with lots of extra features and simpler loans with just the basics.

The lender has a nationwide network of physical branches plus phone support and online support.

You can get some ANZ home loans with a deposit as low as 10%, but many loans require a standard 20% deposit.

ANZ also offers personal loans, credit cards, savings accounts, bank accounts, insurance products and other banking products and services.

How Do I Apply?

When applying for any home loan, you will need various documents to establish your identity, your financial situation, employment status and details about the property.

Eligibility

Each ANZ product has specific eligibility criteria but some will apply to all products. For example:

Documents required

When you apply for a mortgage with ANZ you are required to provide certain information so make sure you have all your documents ready before you apply. The documents you will be expected to provide are:

Property details.

You can start a loan enquiry before you've bought a property, but to complete an application you need the address of the property and a signed contract of sale.

Identification documents

You will need identification such as a driver's licence, passport or birth certificate.

Proof of income documents

Recent payslips can establish your income.

Asset and liability documents

You need to provide documents showing your current assets (savings accounts, investments) and liabilities (your outstanding debt).

Allow us to find you the perfect home loan.​

Apply online to get expert recommendations with real interest rates and repayments.

Similar Lenders

If you’re interested in Australia’s biggest banks you can also compare loans from ANZ’s Big Four rivals.

More home loan questions

To make sure you find the right ANZ loan you need a clear idea of what you’re looking for in a mortgage. These simple questions can help
Home loan pre-approval is an optional step in the application process that some lenders offer. Pre-approval means a lender has examined your savings, income and spending habits and has a rough idea of how much it could lend you. It’s not the same as full loan approval and it’s no guarantee that the lender will ultimately approve a full application. But it does allow borrowers to start looking for a home with more confidence and a clearer idea of their borrowing power.

Most Australian borrowers bank with one of the Big Four (Commbank, Westpac, NAB and ANZ). They have physical branches and ATMs in most locations and strong customer support. These are big advantages.

But if you’re worried that smaller lenders are unsafe or less reliable, you probably shouldn’t. In Australia, most lenders are authorised deposit-taking institutions (ADIs) and are regulated by the Australian Prudential Regulation Authority (APRA). Almost every lender has a banking licence or partners with a bank.