---
title: "Flexi First Option Home Loan - Veterans — Westpac"
description: "Home Loans from Westpac. Rates, fees, features and eligibility as published under Australia's Consumer Data Right."
canonical: https://www.cdrcompare.au/brands/westpac/products/HLDefenceService
source: "CDR Compare"
language: en-AU
last_updated: 2026-07-13T00:00:00Z
---

# Flexi First Option Home Loan - Veterans — Westpac

> Home Loans from Westpac. Rates, fees, features and eligibility as published by the provider under Australia's Consumer Data Right, compared on CDR Compare.

**Home Loans**

A low variable rate loan to support eligible ?Veterans? with purchasing, constructing or refinancing a home, for owner occupied purposed only.

## At a glance

- **From (owner occupied):** 3.25% (Variable)

## Interest rates

| Type | Rate | Comparison | Applies to |
| --- | --- | --- | --- |
| Variable (With Principal and Interest repayment.) | 3.25% | — | — |

## Fees

| Fee | Type | Amount |
| --- | --- | --- |
| Lending Establishment Fee | Upfront | $0.00 |
| Monthly Loan Account Fee — Charged monthly | Ongoing | $0.00 |
| Document Processing Fee | Event | $0.00 |
| Account Overdrawn Fee | Event | $15.00 |
| Loan Discharge Fee | Exit | $350.00 |

## Features

- **Redraw facility** (The product includes redraw features)
- **This loan can be used for purchase of an owner-occupied property, home construction (Contract Builders only), renovation / home improvements and debt consolidation**
- **The product is priced at the lower of: DSH Benchmark Rate ? 1.50% or Capped rate 3.75% (introduced in May 2022) **
- **Loan Payment Method - Direct Debit (preferred), Direct Credit, Branch Payment, Internet or Phone Banking, Smart ATM**
- **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 requirements that we have, such as repaying part of the loan amount. We will require the new mortgage to be provided at the same time that the existing mortgage is discharged. We charge a fee for substituting a mortgage or other security.**
- **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 options which includes portability, redraw, repayment holiday, top-ups**
- **Extra repayments** (The product includes extra repayment features.)
- **Fraud protection** (The product includes fraud protection features.)
- **Guarantor supported** (Subject to terms and conditions, this product includes guarantor features.)

## Eligibility

- **Applicant must have served in the Defence Force either prior to May 1985 or allotted for service in Namibia between 1989 and 1990.**
- **Applicant must be eligible as per Department of Veterans' Affairs and is confirmed by the issue of a Certificate of Entitlement or Or Certificate of Assignment**

## Constraints

- **Minimum LVR** — 0%
- **Maximum LVR** — 95%
- **Maximum limit** — $25,000.00 (Loan amount as stated on the Certificate of Entitlement to a maximum of $25,000.)
- **Maximum repayment term 25 years**

## Data provenance

- Published by Westpac under the Consumer Data Right
- Product ID: `HLDefenceService`
- Last updated by the provider: 13 July 2026
- Source payload (JSON): https://www.cdrcompare.au/api/raw/westpac/HLDefenceService
- Provider page: https://www.cdrcompare.au/brands/westpac
- CDR register entry: https://www.cdr.gov.au/find-a-provider?provider=000002

---

Source: [CDR Compare](https://www.cdrcompare.au/brands/westpac/products/HLDefenceService) — product data published by Australian data holders under the Consumer Data Right. Not financial advice; no rankings, recommendations or affiliate relationships. Always confirm details with the provider.

Site map: [all providers](https://www.cdrcompare.au/) · [how this works](https://www.cdrcompare.au/about) · [agent guide](https://www.cdrcompare.au/agents.md) · [llms.txt](https://www.cdrcompare.au/llms.txt) · [sitemap.xml](https://www.cdrcompare.au/sitemap.xml)