Westpac
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 8 Sept 2026
At a glance
- Variable (investor P&I)
- 9.38%
- Max LVR
- 95%
- Annual fee
- $395
- Features
- redraw, extra repayments
§ 01 — Rates · 2
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| VariableWith Interest Only repayment. | Investment · Interest only | — | — | 9.64% | — | — |
| VariableWith Principal and Interest repayment. | Investment · P&I | — | — | 9.38% | — | — |
§ 02 — Fees · 10
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Account Overdrawn Fee | Event | $15 | — | — |
| Bank Cheque Issuance Fee | Event | $10 | — | $10 per cheque (1st cheque is free) |
| Document Processing Fee | Event | $100 | — | — |
| Property Valuer Fee | Event | Varies | — | — |
| Loan Discharge Fee | Exit | $350 | — | — |
| Missed Payment Fee | Late payment | $15 | — | — |
| Annual Package Fee | Periodic | $395 | Every 1 yr | For customer opting for Premier Advantage Package |
| Monthly Loan Account Fee | Periodic | $8 | Every 1 mo | This fee is waived for customers that have Premier Advantage Package (other fees apply) |
| Lenders Mortgage Insurance Premium | Upfront | Varies | — | 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… |
| Lending Establishment Fee | Upfront | $600 | — | This fee is waived for customers that have Premier Advantage Package (other fees apply) |
§ 03 — 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…
- · 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…
§ 04 — Eligibility & limits
- · Amount $10,000 to 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
§ 06 — Run the numbers
Put this product through a calculator
Published by Westpac under the Consumer Data Right, last changed by them on 8 Sept 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.