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Variable Rate Investment Property Loan

A variable rate loan which gives flexibility and a choice of different payment options for investment or business purposes.

Home loansBank updated 28 Oct 2026

At a glance

Variable (investor P&I)
9.63%
Max LVR
95%
Annual fee
$395
Features
redraw, extra repayments

How it compares

This home loan in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.

This home loan: 9.63%Every other institution's lowest, 103 in all

Investment, principal & interest, 80% LVR. One dot per institution, at its lowest investor variable home loan rate anyone can apply for; hover or tap a dot for its name.

RateThis home loanBest anywhereTypical institutionWhere it sits
Investor variable home loanInvestment, principal & interest, 80% LVR9.63%5.94%AAA Financial Corporation's Portfolio Loan6.59%of 104 institutions103rd lowest of 104

Rates

Every rate Westpac publishes for this home loan, 2 in all.

TypeApplies toTermBandRateComparisonConditions
VariableWith Interest Only repayment.Investment, Interest only--9.89%--
VariableWith Principal and Interest repayment.Investment, P&I--9.63%--

Rate changes

2 changes logged, newest first.

DateRateWasNowChange
15 Oct 2026Variable, Investment, Interest only9.64%9.89%up 0.25
15 Oct 2026Variable, Investment, P&I9.38%9.63%up 0.25

Each change is logged the night it appears in the rates Westpac publishes. See how every lender answered the RBA on the rate tracker.

Fees

10 fees published, grouped by when they're charged.

  1. When you take it outUp to $6002 fees, each listed below
  2. While you hold itUp to $3952 fees, each listed below
  3. When you close it or pay it off$350Loan Discharge Fee

When you take it out2

  • Lenders Mortgage Insurance Premium

    If your deposit is less than 20% then Lenders Mortgage Insurance is usually required. There may be other circumstances where Lenders Mortgage Insurance is also required. As Lenders Mortgage Insurance…

    Varies
  • Lending Establishment Fee

    This fee is waived for customers that have Premier Advantage Package (other fees apply)

    $600

While you hold it2

  • Annual Package Fee

    For customer opting for Premier Advantage Package

    $395 a year
  • Monthly Loan Account Fee

    This fee is waived for customers that have Premier Advantage Package (other fees apply)

    $8 a month

If a payment is late or fails1

  • Missed Payment Fee

    If applicable

    $15 30 days after it's due

When particular things happen4

  • Account Overdrawn Fee
    $15
  • Bank Cheque Issuance Fee

    $10 per cheque (1st cheque is free)

    $10
  • Document Processing Fee
    $100
  • Property Valuer Fee
    Varies

When you close it or pay it off1

  • Loan Discharge Fee
    $350

Features

RedrawExtra repaymentsGuarantor optionFraud protectionRelationship manager
  • A variable rate loan which gives flexibility and a choice of different payment options for investment purposes. The loan can be used for investment residential property purchase, construction of sing…
  • Partial Split is available
  • Cancellation of the package: You may cancel your Package at any time by giving us a written request. Your Package will be cancelled, and all benefits will cease, when we receive your written request.
  • Loan Payment Method - Direct Debit (preferred), Direct Credit, Branch Payment, Internet or Phone Banking
  • 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 r…
  • 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 switching (from another product) feature
  • This loan can be part of a combination loan/construction loan
  • The product provides options which includes BPAY, reduced repayments (incl. parental leave), progressive drawdown, repayment holiday, portability,smartPay, loan increase (top up), premier advantage p…

Eligibility and limits

  • Amount from $10,000, no maximum
  • Maximum LVR 95%
  • Individuals, Companies, Discretionary or Family Trusts (individual or non-individual trustees)
  • Maximum repayment term 30 years
  • Loan Maximum - Owner Occupied 5 years
  • Interest only for 15 years for LVR up to and including 80%. T&Cs apply
  • Interest only for 10 years LVR above 80%. T&Cs apply

Published by Westpac under the Consumer Data Right, last changed by them on 28 Oct 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.