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Westpac · Home loans
Flexi First : Our lowest online variable home loan rate (Owner Occupied)
Westpac's Flexi First : Our lowest online variable home loan rate (Owner Occupied) is a home loan. The figures are the ones Westpac publishes under the Consumer Data Right today. The advertised rate last moved on 9 October 2026, up from 5.99% to 6.24%.
Advertised rate
6.24%
headline tier
Comparison rate
6.25%
as published
Last moved
+0.25pp
9 October 2026
Advertised rate, last 30 days. Between 5.99% and 6.24% over the last 30 days.
Every current rate (5)
| Tier | Rate | Comparison |
|---|---|---|
| Variable, Owner occupier, P&I, LVR up to 70% | 6.24% to 6.69% | 6.25% |
| Variable, Owner occupier, P&I, LVR 70 to 80%LVR above 70% to 80% | 6.34% to 6.79% | 6.35% |
| Variable, Owner occupier, Interest only, LVR up to 70% | 6.93% to 8.39% | 5.97% |
| Variable, Owner occupier, Interest only, LVR 70 to 80%LVR above 70% to 80% | 7.03% to 8.49% | 6.07% |
| Variable, Owner occupier, P&I, LVR 80 to 95%LVR above 80% | 7.09% | 7.10% |
Rate moves, last 30 days
- 9 October 2026: 5 tiers lifted 0.25pp; the lowest, Variable, Owner occupier, P&I, LVR up to 70%, from 5.99% to 6.24%.
Published fees
| Fee | Amount |
|---|---|
| Lending Establishment Feeupfront | $0 |
| Bank Cheque Issuance Feewhen it happens: $10 per cheque (1st cheque is free) | $10 |
| Monthly Loan Account Feerecurring | $0 |
| Missed Payment Feelate payment: If applicable | $15 |
| Document Processing Feewhen it happens | $100 |
| Account Overdrawn Feewhen it happens | $15 |
| Loan Discharge Feeon exit | $350 |
| Lenders Mortgage Insurance Premiumupfront: If your deposit is less than 20% then Lenders Mortgage Insurance is usually required. | see lender |
| Property Valuer Feewhen it happens | see lender |
| Extra repaymentswhen it happens | $0 |
| Redrawwhen it happens: If activated and extra funds are available | $0 |
| Repayment holidays or Reduced Repaymentswhen it happens: Repayment holidays or Reduced Repayments of up to 50% for up to 12 months (subject to approval) | $0 |
Other Westpac home loans
Flexi First Option Home Loan - Veterans 3.25%Sustainable Upgrades Home Loan 4.74%Sustainable Upgrades Investment Loan 4.74%Flexi First : Our lowest online variable home loan rate (Investor) 6.39%Rocket Loan : Variable Home Loan with Offset (Owner Occupied) 6.64%Fixed Rate Home Loan 6.74%Rocket Loan : Variable Home Loan with Offset (Investor) 6.84%Premium Options Home Loan 9.08%Bridging Home Loan 9.57%Variable Rate Investment Property Loan 9.63%
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