--- title: "Variable Rate Investment Property Loan — 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/HLVariableInvestment source: "CDR Compare" language: en-AU last_updated: 2026-08-21T05:30:50Z --- # Variable Rate Investment Property Loan — 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 variable rate loan which gives flexibility and a choice of different payment options for investment or business purposes. ## At a glance - **From (investment):** 9.38% (Variable) ## Interest rates ### Investment — Principal & interest | Type | Rate | Comparison | Applies to | | --- | --- | --- | --- | | Variable (With Principal and Interest repayment.) | 9.38% | — | — | ### Investment — Interest only | Type | Rate | Comparison | Applies to | | --- | --- | --- | --- | | Variable (With Interest Only repayment.) | 9.64% | — | — | ## Fees | Fee | Type | Amount | | --- | --- | --- | | Lending Establishment Fee — Discount −$600.00 — This fee is waived for customers that have Premier Advantage Package (other fees apply) (eligibility: Other: With Premier Advantage Package and for Investor loans customer with Principal and Interest repayments) | Upfront | $600.00 | | Bank Cheque Issuance Fee — $10 per cheque (1st cheque is free) | Event | $10.00 | | Monthly Loan Account Fee — Charged monthly · Discount −$8.00 — This fee is waived for customers that have Premier Advantage Package (other fees apply) (eligibility: Other: With Premier Advantage Package) | Ongoing | $8.00 | | Missed Payment Fee | Late payment | $15.00 | | Document Processing Fee | Event | $100.00 | | Account Overdrawn Fee | Event | $15.00 | | Loan Discharge Fee | Exit | $350.00 | | Annual Package Fee — Charged yearly · For customer opting for Premier Advantage Package | Ongoing | $395.00 | | 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 reduces bank's risk as a lender when providing a home loan, you may be able to apply for a home loan and get into your home sooner, with a lower deposit. Lenders Mortgage Insurance insures bank for any shortfall in the event that you default on your loan and if the proceeds from the property sale are not enough to pay off the loan in full. The cost of Lenders Mortgage Insurance is calculated as a percentage of the loan amount. The percentage applied will vary depending on a number of factors. Please speak to your lender if you would like to understand this process in more detail. The cost of Lenders Mortgage Insurance premium is passed on to you. We do not receive a commission on Lenders Mortgage Insurance. | Upfront | Variable | | Property Valuer Fee | Event | Variable | ## Features - **Redraw facility** (The product includes redraw features) - **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 single residential dwelling, refinancing of an existing investment property loan, other investment opportunities (e.g. shares), personal purposes, refinancing of existing loans** - **Discounts on other products** — You save on fees when you choose the Premier Advantage Package, however an annual package fee of $395 applies. - **Partial Split is available** - **Cancellation of the package : A package owner may cancel the package at any time by giving us 14 days advance notice in writing.** - **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 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 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 package and lenders mortgage insurance** - **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.) - **Relationship management** (Relationship management is available for eligible customers.) ## Eligibility - **Individuals, Companies, Discretionary or Family Trusts (individual or non-individual trustees)** ## Constraints - **Minimum LVR** — 0% - **Maximum LVR** — 95% - **Minimum limit** — $10,000.00 (The minimum amount financed is $10,000) - **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** ## Data provenance - Published by Westpac under the Consumer Data Right - Product ID: `HLVariableInvestment` - Last updated by the provider: 21 August 2026 - Source payload (JSON): https://www.cdrcompare.au/api/raw/westpac/HLVariableInvestment - 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/HLVariableInvestment) — 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. 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