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COVID-19 Home Loan support

We’re here to support Australia through the good and tough times. Here's how we're helping home loan customers today.

Find out how to make changes to your home loan

Free property report

Discover what you need to know about the property trends in your suburb or the estimated value of a property you're looking to buy.

$3k cashback for switching to us


$2k

Cashback^
Per property
refinanced


For new Owner Occupier with Principal & Interest repayments and Investment loans. Available on our Basic and Advantage Package home loans, with a $395 annual package fee. $200k min loan per property refinanced. Excludes refinances from within Westpac Group. Apply by 30 Sep 2020, and settle by 30 Nov 2020. Only 1x $2k cashback per property refinance will be paid regardless of the number of loans involved.


Looking to refinance?

+$1k

Bonus cashback^
New Owner Occupiers
applying online


Owner Occupier? Get two bites of the cherry if you apply online, for new Owner Occupier with Principal & Interest repayments. Available on our Basic and Advantage Package home loans, with a $395 annual package fee. $200k min loan per property refinanced. LVR up to 80% at time of approval. Excludes refinances from within Westpac Group. Apply by 27 Aug 2020, and settle by 30 Sep 2020. T&Cs and exclusions apply. Only 1x $1k bonus cashback will be paid regardless of the numbers of customers, properties or applications involved ^.

 

FAQs

You may be able to get one or both of these offers, based on how you apply and whether you're living in your property (Owner Occupier).

  • $2,000 Refinance Cashback per property for applications received between 1 April – 30 Sept 20, and settled by 30 Nov 20. For applications submitted online, in branch, over the phone or with a broker. You can refinance any number of properties.
  • + one-off $1,000 Bonus Cashback for Owner Occupiers applying to switch online between 17 July – 30 Aug 20, and settled by 30 Sept 20.

Example of how the two Cashback offers works:
 

Home loan scenario Total cashback for eligible Investors Total cashback for eligible Owner-Occupiers
I’m switching 1 property online

You’ll receive $2,000 Cashback

  • $2k Refinance Cashback per property x1
  • Ineligible for $1k Bonus Cashback (Owner Occupier)

You’ll receive $3,000 Cashback

  • $2k Refinance Cashback per property x1
  • + $1k Bonus Cashback x1 max
I’m switching 2 properties online

You’ll receive $4,000 Cashback

  • $2k Refinance Cashback per property x2
  • Ineligible for $1k Bonus Cashback (Owner Occupier)

You’ll receive $5,000 Cashback (your other property is an investment)

  • $2k Refinance Cashback per property x2
  • + $1k Bonus Cashback x1 max

The cashbacks will be paid into a BankSA  transaction account within 60 days of settlement. This account must be linked to your home loan at the time of settlement, and kept open for 60 days afterwards.

For the $2,000 cashback offer, tax consequences may arise for investors and you should seek independent advice.

 

 

Start your application online

Learn how much you could borrow.
Receive indicative approval in under 15 minutes.
A home loan expert will call you once you have submitted your application to talk through next steps.
Bank of the Year - CANSTAR 2020 - First Home Buyers


Winner of Bank of the Year for First Home Buyers

  • Awarded 2020 Canstar Bank of the Year – First Home Buyers
  • Recognised for offering outstanding value and outstanding planning, application, settlement and management of your home loan.

 

Fixed Rate Home Loan

One low rate, fixed from 1-3 years.

For New Owner Occupier (Principal & Interest) Advantage Package Home Loans#, $395 annual package fee. These rates do not apply to existing fixed rate loans.

 

2.29% p.a.
1 year fixed rate
3.58% p.a.
Comparison rate*
2.29% p.a.
2 year fixed rate
3.50% p.a.
Comparison rate*
2.29% p.a.
3 year fixed rate
3.43% p.a.
Comparison rate*

 

T&C's apply. See comparison rate warning.

Important information

Credit criteria, fees and charges apply. Based on BankSA credit criteria, residential lending is not available for Non-Australian resident borrowers.

Before making a decision, it's best to read the terms and conditions:

Portfolio Loan Agreement - General Terms and Conditions (PDF 235KB)

Residential Loan Agreement – General Terms and Conditions (PDF 1MB)

Loan Accounts – Charges for specific services and accounts (PDF 587KB)

Advantage Package - Terms and Conditions (PDF 338KB)

Please read these documents and keep a copy. You can request a paper copy at a branch.

*Comparison Rate:The comparison rate is based on a loan of $150,000 over a term of 25 years. After the fixed rate period expires the interest rate will revert to the applicable Standard Variable rate based on loan category and repayment type. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

** Eligibility conditions apply. BankSA Home Loan customers who wish to apply for these special relief measures or need assistance should contact BankSA Assist on 1800 679 461 or speak with their Relationship Manager. Mobile Westpac Group Support teams will also be available in bushfire affected towns and regions.

#Advantage Package Terms and Conditions apply. A $395 annual package fee applies and is payable from an eligible BankSA transaction account. An Advantage Package discount has been included in the advertised eligible rate. The discount and fee savings apply for the duration of the package. Before deciding to acquire a BankSA transaction account, read the terms and conditions, and consider if the product is right for you.