Westpac
Flexi First Option Home Loan - Veterans
A low variable rate loan to support eligible ?Veterans? with purchasing, constructing or refinancing a home, for owner occupied purposed only.
Home loansBank updated 13 July 2026
At a glance
- Variable (owner occ. P&I)
- 3.25%
- Max LVR
- 95%
- Features
- redraw, extra repayments
§ 01 — Rates · 1
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| VariableWith Principal and Interest repayment. | Owner occupied · P&I | — | — | 3.25% | — | — |
§ 02 — Fees · 5
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Account Overdrawn Fee | Event | $15 | — | — |
| Document Processing Fee | Event | No fee | — | — |
| Loan Discharge Fee | Exit | $350 | — | — |
| Monthly Loan Account Fee | Periodic | No fee | Every 1 mo | — |
| Lending Establishment Fee | Upfront | No fee | — | — |
§ 03 — Features
RedrawExtra repaymentsGuarantor optionFraud protection
- · This loan can be used for purchase of an owner-occupied property, home construction (Contract Builders only), renovation / home improvements and debt consolidation
- · The product is priced at the lower of: DSH Benchmark Rate ? 1.50% or Capped rate 3.75% (introduced in May 2022)
- · Loan Payment Method - Direct Debit (preferred), Direct Credit, Branch Payment, Internet or Phone Banking, Smart ATM
- · Repayment frequencies includes weekly, fortnightly or monthly
- · Substituting a security : You may ask us to accept a new mortgage over other land as a substitute for any mortgage which is security for your loan. We may agree to this if you satisfy any reasonable…
- · Statements of account : We will send you a statement of your loan account at least every six months or more frequently if you request
- · The product provides options which includes portability, redraw, repayment holiday, top-ups
§ 04 — Eligibility & limits
- · Amount — to $25,000
- · Maximum LVR 95%
- · Applicant must have served in the Defence Force either prior to May 1985 or allotted for service in Namibia between 1989 and 1990.
- · Applicant must be eligible as per Department of Veterans' Affairs and is confirmed by the issue of a Certificate of Entitlement or Or Certificate of Assignment
- · Maximum repayment term 25 years
§ 06 — Run the numbers
Put this product through a calculator
Published by Westpac under the Consumer Data Right, last changed by them on 13 July 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.