WestpacRocket 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 28 Oct 2026
At a glance
- Variable (investor P&I)
- 6.84%
- Max LVR
- 95%
- Annual fee
- $395
- Features
- offset, 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.
| Rate | This home loan | Best anywhere | Typical institution | Where it sits |
|---|---|---|---|---|
| Investor variable home loanInvestment, principal & interest, 80% LVR | 6.94% | 5.94%AAA Financial Corporation's Portfolio Loan | 6.59%of 104 institutions | 80th lowest of 104, level with one other |
Rates
Every rate Westpac publishes for this home loan, 12 in all.
Variable rate by LVR
Investment, principal and interest, the lowest rate published for each band of the loan's share of the property's value
- ≤70%6.84%
- 70–80%6.94%
- 80–95%7.24%
| 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 | 7.10% | 7.35% | - |
| 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 | 9.79% | 9.85% | - |
| 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 | 7.20% | 7.45% | - |
| 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 | 9.89% | 9.95% | - |
| 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 | 7.50% | 7.75% | - |
| 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 | 10.19% | 10.25% | - |
| 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 | 6.84% | 7.21% | - |
| 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 | 9.53% | 9.67% | - |
| 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 | 6.94% | 7.31% | - |
| 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 | 9.63% | 9.77% | - |
| 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 | 7.24% | 7.60% | - |
| 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 | 9.93% | 10.07% | - |
Fees
17 fees published, grouped by when they're charged.
- When you take it outUp to $6002 fees, each listed below
- While you hold itUp to $3952 fees, each listed below
- 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 happen11
- Account Overdrawn Fee$15
- Bank Cheque Issuance Fee
$10 per cheque (1st cheque is free)
$10 - Construction loan option
Construction loan option (property valuer fees may apply)
No fee - Document Processing Fee$100
- Extra repaymentsNo fee
- Loan switching
Loan switching (changing loan or repayment type)
No fee - Portability option
Portability option (keeping your loan but changing the property securing the loan)
No fee - Property Valuer FeeVaries
- Redraw
If activated and extra funds are available
No fee - Repayment holidays or Reduced Repayments
Repayment holidays or Reduced Repayments of up to 50% for up to 12 months (subject to approval)
No fee - Stop Payment Fee$12
When you close it or pay it off1
- Loan Discharge Fee$350
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 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
- The product provides options which includes BPAY, reduced repayments (incl. parental leave), progressive drawdown, repayment holiday, portability, smartPay, loan increase (top up), parental guarantee…
Eligibility and 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 from $10,000, 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
Compare it with others
Put this product through a calculator
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.