Westpac Mortgage Lender

Westpac Mortgage Lender

Westpac Mortgage Lender, or formally the Westpac Banking Corporation, was founded in 1817. It was first called The Bank of New South Wales. This was changed to Westpac only in 1982. Westpac Mortgage Lender is one of the top ten listed companies in Australia. It is also the country's third largest bank. Westpac Mortgage Lender offers several financial services, including home and personal loans, credit cards, and insurance.

Westpac Mortgage Lender's home loan services include:

1. Westpac Mortgage Lender's Rocket Pay provides low variable interest rates and a transaction account wherein deposits and withdrawals can be made. The balance of this account is set against the loan amount and reduces daily interest incurred from the said loan.
2. Westpac Mortgage Lender's First Option Loan boasts of having the lowest variable interest rates.
3. Westpac Mortgage Lender's Premium Option Loan offers flexible terms and variable interest rates, and the SmartPay option. SmartPay sets up a transaction account wherein borrowers can make deposits and withdrawals. The balance of that account is set against the remaining loan amount and decreases interest incurred.
4. Westpac Mortgage Lender's Equity Access Loan lets borrowers access to equity in their property. Interest is paid only for the equity amount used.
5. Westpac Mortgage Lender's Fixed Options Loan locks repayment amount to a fixed interest rate. Self-employed borrowers can opt for the low documentation version of this product.
6. Westpac Mortgage Lender's One Year Guaranteed Loan offers a discounted interest rate on the first year of repayment. After which, the standard variable interest rate will be applied.