Rocket Loan : Variable Home Loan with Offset (Investor)
You could save on home loan interest with up to 10 offset accounts, unlimited extra repayments and our package option.
- From (investment)
- 6.59%
- 6.96% comparison
Interest Rates
Investment — Principal & interest
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Variable The 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&Cs Apply. Maximum LVR for Non Mortgage Insured Loan: 80%, Maximum LVR for Mortgage Insured Loan: 95% inclusive of any capitalised mortgaged insurance (MI) premium (if available). | 6.59% | 6.96% | LVR up to 70% |
| Variable Our 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%, Maximum LVR for Mortgage Insured Loan: 95% inclusive of any capitalised mortgaged insurance (MI) premium (if available). | 6.69% | 7.06% | LVR above 70% to 80% |
| Variable There 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 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%, Maximum LVR for Mortgage Insured Loan: 95% inclusive of any capitalised mortgaged insurance (MI) premium (if available). | 6.99% | 7.36% |
Fees
| Fee | Type | Amount |
|---|---|---|
Lending Establishment Fee
| Upfront | $600.00 |
| Bank Cheque Issuance Fee $10 per cheque (1st cheque is free) | Event | $10.00 |
| Monthly Loan Account Fee Charged monthly
| 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 |
Features
- Redraw facility
- Repay or redraw: Make unlimited extra payments to pay off your loan sooner. Or redraw your funds if you need to.
- Offset account
- Offset and save : Every dollar in up to 10 linked offset accounts reduces the interest on your home loan.
- Discounted rates: Your lender can tailor a sweet rate, based on your needs. Repay weekly, fortnightly or monthly.
- Discounts on other products — Handy loan options: Package and save for a $395 annual package fee and/or split your loan for added flexibility.. Eligibility criteria, T&Cs apply.
- Split your loan balance into separate fixed rate and variable rate accounts for the best of both worlds.
- Cancellation of the package : A package owner may cancel the package at any time by giving us 14 days advance notice in writing.
Eligibility
- Minimum age — 18 years18+ years old
- Residency status — Those with an Australian permanent residency and who are currently in Australia
- Individuals only
- Available to personal customers only.
- Employment status — Employed or self-employed
Constraints
- Minimum LVR — 0%
- Maximum LVR — 95%
- Minimum limit — $10,000.00The minimum amount financed is $10,000
- 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
More Information
Published by Westpac under the Consumer Data Right · Last updated 13 July 2026 · Product ID HLVariableOffsetInvestment · View on CDR.gov.au