Home Mortgage News Westpac lowers rates

Westpac lowers rates

Published on 03 Dec, 2014

Major bank lender Westpac has lowered its interest rates for its Fixed Option Home Loans and Fixed Rate Investment Property Loans packages.

Major bank lender Westpac has lowered its interest rates for its Fixed Option Home Loans and Fixed Rate Investment Property Loans packages.

For loans under the Fixed Option, both four and five-year term now have an interest rate of 4.99%, down from 5.19%. The comparison rates also went down to 5.54% and 5.52%, respectively.

Meanwhile, the Fixed Rate Investment Property Loans’ Premier Advantage interest rates for both four and five-year terms are also down to 4.99% from 5.19% (see below).

To take advantage of these lowered rates, Westpac requires home loans totalling to $150,000 or more.

Fixed interest rates on Fixed Option Home Loans under Westpac’s home loan package, Premier Advantage Package.

On new Fixed Option Home Loans where packaged home loans total $150,000 or more.

Term	Package discount on new loan	Fixed interest rate	Comparison rate
4 years	0.2% p.a. off the standard fixed interest rate (conditions apply)	4.99%	5.54%
5 years	0.2% p.a. off the standard fixed interest rate (conditions apply)	4.99%	5.52%

Fixed interest rates on Fixed Rate Investment Property Loans under Westpac’s home loan package, Premier Advantage

On new Fixed Rate Investment Property Loans where packaged home loans total $150,000 or more.

Term	Package discount on new loan	Fixed interest rate	Comparison rate
4 years	0.2% p.a. off the standard fixed interest rate (conditions apply)	4.99%	5.54%
5 years	0.2% p.a. off the standard fixed interest rate (conditions apply)	4.99%	5.52%

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