Westpac
Rocket Loan : Variable Home Loan with Offset (Investor)
You could save on home loan interest with up to 10 offset accounts, and unlimited extra repayments.
Home loansBank updated 10 Sept 2026
At a glance
- Variable (investor P&I)
- 6.59%
- Max LVR
- 95%
- Annual fee
- $395
- Features
- offset, redraw, extra repayments
§ 01 — Rates · 12
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| VariableThe rates include our 0.10% p.a. discount for LVRs+ up to 70%. Our Premier Advantage Package offers a 2.69% p.a. interest rate discount and other product savings, for one $395 annual package fee. T&C… | Investment · Interest only | — | ≤70% LVR | 6.85% | 7.10% | — |
| VariableThe rates include our 0.10% p.a. discount for LVRs+ up to 70%. Maximum LVR for Non Mortgage Insured Loan: 80%, Maximum LVR for Mortgage Insured Loan: 95% inclusive of any capitalised mortgaged insura… | Investment · Interest only | — | ≤70% LVR | 9.54% | 9.60% | — |
| VariableOur Premier Advantage Package offers a 2.69% p.a. interest rate discount and other product savings, for one $395 annual package fee. T&Cs Apply. Maximum LVR for Non Mortgage Insured Loan: 80%, Maximu… | Investment · Interest only | — | 70–80% LVR | 6.95% | 7.20% | — |
| VariableMaximum LVR for Non Mortgage Insured Loan: 80%, Maximum LVR for Mortgage Insured Loan: 95% inclusive of any capitalised mortgaged insurance (MI) premium (if available). | Investment · Interest only | — | 70–80% LVR | 9.64% | 9.70% | — |
| VariableOur Premier Advantage Package offers a 2.69% p.a. interest rate discount and other product savings, for one $395 annual package fee. T&Cs Apply. Maximum LVR for Non Mortgage Insured Loan: 80%, Maximu… | Investment · Interest only | — | 80–90% LVR | 7.25% | 7.50% | — |
| VariableMaximum LVR for Non Mortgage Insured Loan: 80%, Maximum LVR for Mortgage Insured Loan: 90% inclusive of any capitalised mortgaged insurance (MI) premium (if available). | Investment · Interest only | — | 80–90% LVR | 9.94% | 10.00% | — |
| VariableThe rates include our 0.10% p.a. discount for LVRs+ up to 70%. Our Premier Advantage Package offers a 2.69% p.a. interest rate discount and other product savings, for one $395 annual package fee. T&C… | Investment · P&I | — | ≤70% LVR | 6.59% | 6.96% | — |
| VariableThe rates include our 0.10% p.a. discount for LVRs+ up to 70%. Maximum LVR for Non Mortgage Insured Loan: 80%, Maximum LVR for Mortgage Insured Loan: 95% inclusive of any capitalised mortgaged insura… | Investment · P&I | — | ≤70% LVR | 9.28% | 9.42% | — |
| VariableOur Premier Advantage Package offers a 2.69% p.a. interest rate discount and other product savings, for one $395 annual package fee. T&Cs Apply. Maximum LVR for Non Mortgage Insured Loan: 80%, Maximu… | Investment · P&I | — | 70–80% LVR | 6.69% | 7.06% | — |
| VariableMaximum LVR for Non Mortgage Insured Loan: 80%, Maximum LVR for Mortgage Insured Loan: 95% inclusive of any capitalised mortgaged insurance (MI) premium (if available). | Investment · P&I | — | 70–80% LVR | 9.38% | 9.52% | — |
| VariableThere will be an additional 0.30% p.a. on top of our standard interest rate if you're borrowing over 80% of Westpac's property valuation. This additional LVR+ margin applies to all new loans. Our Pre… | Investment · P&I | — | 80–95% LVR | 6.99% | 7.36% | — |
| VariableThere will be an additional 0.30% p.a. on top of our standard interest rate if you're borrowing over 80% of Westpac's property valuation. This additional LVR+ margin applies to all new loans. Maximum… | Investment · P&I | — | 80–95% LVR | 9.68% | 9.82% | — |
§ 02 — Fees · 17
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Account Overdrawn Fee | Event | $15 | — | — |
| Bank Cheque Issuance Fee | Event | $10 | — | $10 per cheque (1st cheque is free) |
| Construction loan option | Event | No fee | — | Construction loan option (property valuer fees may apply) |
| Document Processing Fee | Event | $100 | — | — |
| Extra repayments | Event | No fee | — | — |
| Loan switching | Event | No fee | — | Loan switching (changing loan or repayment type) |
| Portability option | Event | No fee | — | Portability option (keeping your loan but changing the property securing the loan) |
| Property Valuer Fee | Event | Varies | — | — |
| Redraw | Event | No fee | — | If activated and extra funds are available |
| Repayment holidays or Reduced Repayments | Event | No fee | — | Repayment holidays or Reduced Repayments of up to 50% for up to 12 months (subject to approval) |
| Stop Payment Fee | Event | $12 | — | — |
| 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
Offset accountRedrawExtra repaymentsGuarantor optionDigital bankingFraud protectionRelationship manager
- · Discounted rates: Your lender can tailor a sweet rate, based on your needs. Repay weekly, fortnightly or monthly.
- · Add a package and save more. You could save over $12k in interest with a Rocket Repay home loan package (based on a $550k variable home loan, a $395 annual package fee applies)
- · Split your loan balance into separate fixed rate and variable rate accounts for the best of both worlds.
- · 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.
- · Comparison rate: The comparison rate is based on a loan of $150,000 over the term of 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charg…
- · 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
- · The product provides options which includes BPAY, reduced repayments (incl. parental leave), progressive drawdown, repayment holiday, portability, smartPay, loan increase (top up), parental guarantee…
§ 04 — Eligibility & limits
- · Minimum age 18
- · Residency: Those with an Australian permanent residency and who are currently in Australia
- · Employment: Employed or self-employed
- · Available to individuals
- · Amount $10,000 to no maximum
- · Maximum LVR 95%
- · Available to personal customers only.
- · Maximum repayment term 30 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 10 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.