Westpac Rate Increases
In response to the change in the OCR, Westpac are making the following rate changes effective from Friday, 21st March:
- Choices Floating/Offset for under 80% LVR is increasing by 0.10% (Minimum of 20% equity and salary credit to a Westpac transaction account)
- Choices Floating/Offset for over 80% LVR is increasing by 0.25%
- Choices Everyday is increasing by 0.25%
For existing Westpac home loan customers, these rates are effective from 11th April.
Check out the new rates in iLend™.
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Westpac Product
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Initial Rate
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+/-
|
|
Choices Everyday
|
6.00%
6.49% if LVR > 80%
|
0.25%
|
|
Choices Everyday Lo Doc
|
6%
|
0.25%
|
|
Choices Offset
|
5.74%
6.49% if LVR > 80%
|
0.10%
|
|
Floating Base Rate
|
5.74%
6.49% if LVR > 80%
|
0.10%
|
|
Floating Base Rate Lo Doc
|
5.74%
|
0.10%
|
Eligibility Criteria for Standard Choices Floating rate of 5.74% on new lending under 80% LVR (or over 80% LVR exempt).
- New and existing Westpac lending under 80% LVR (or are over 80% LVR exempt)
- Minimum of 20% equity, salary credit to a Westpac transaction account
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