Your cookie choices

We use necessary cookies to make this site work. With your permission, analytics cookies help us understand usage and marketing cookies support advertising.

You can reject non-essential cookies and still use the site. Change your choices anytime in Cookie settings.

Cookie settingsCookie policy

Westpac home loan Referrer Program review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.

Our verdict

Westpac's home loan referrer program suits Australian buyers, remortgagers and buy-to-let investors who want no product fee and an established lender behind the loan. The trade-off is the rate, with an APRC of 6% sitting above the site median and a capped loan to value.

Key facts

Best for
Australian home buyers and remortgagers who want no product fee.
Initial rate
5.99%↗
APRC
6%↗
Maximum loan to value
80%↗
Product fee
A$0↗
Purpose
Purchase, Remortgage, Buy-to-let↗
Legal entity
Westpac Banking Corporation ABN 33 007 457 141↗
Headquarters
Australia↗
Founded
1817↗
Support channels
Email, Phone, Help-centre, Community↗
Official website
westpac.com.au

Facts checked September 26, 2026, 5 sources

Apps and profiles

Get the app
Google Play
Elsewhere
WikidataWikipediaLinkedInXyoutube.com

Pros and cons

Pros

  • The product fee on the basic variable home loan is AUD 0, so nothing is charged to set it up.
  • Regulated in Australia by the Australian Securities and Investments Commission (ASIC), licence 233714.
  • A lender trading since 1817, so the balance sheet has a long history.
  • Help when you need it on email, phone and help centre.

Cons

  • The APRC rank is 99 of 152, so cheaper options sit ahead of it.
  • The initial rate rank is 197 of 316 on our data.
  • The maximum loan to value of 80% is capped low, ranked 201 of 313.
Westpac home loan Referrer Program

Ready to try Westpac home loan Referrer Program?

Scored 9.3 / 10 by SumCue.

See alternatives

Who it suits

  • Australian buyers and movers who want a basic variable loan with no product fee to open.
  • People who want a lender that has traded since 1817 and answers on email, phone and help centre.
  • Borrowers who can cover the gap with a deposit at a maximum loan to value of 80%.

Who should look elsewhere

  • Prestalo, if the headline rate decides it: its initial rate of 2.36% sits well below Westpac's 5.99%.
  • Creditilia ES, where the initial rate of 4% also comes in under Westpac's 5.99%.
  • Sofkredit, whose initial rate runs 8% to 14%, for anyone after the cheapest entry point.

How it compares on our data

On our data Westpac sits below the middle of the field on every measure we track. Ranked on APRC it is 99 of 152, on initial rate 197 of 316, and on maximum loan to value 201 of 313. A large position number means many brands price ahead of it, so the rate is the part to weigh.

The company behind it

The lender is Westpac Banking Corporation ABN 33 007 457 141, based in Australia and trading since 1817. It holds an Australian licence from the Australian Securities and Investments Commission (ASIC), 233714. The referrer program runs on that regulated balance sheet, and you can reach the team on email, phone and help centre.

How Westpac home loan Referrer Program compares

Where Westpac home loan Referrer Program is available

Available
Australia
Licence in Australia
Australian Securities and Investments Commission (ASIC) (233714), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What does the Westpac home loan referrer program cost to open?+

The basic variable home loan carries a product fee of AUD 0, so there is nothing to pay to open it. The figure to watch instead is the APRC of 6%, which reflects the borrowing cost over the life of the loan.

Is my money safe with Westpac?+

The lender is Westpac Banking Corporation ABN 33 007 457 141 and is authorised in Australia by the Australian Securities and Investments Commission (ASIC) under licence 233714. It has traded since 1817 from AU, and a typical retail loss rate across products on this site is 70.15%.

What can I use this loan for?+

The program is set up for purchase, remortgage and buy to let. That covers a house purchase, switching an existing home loan across to Westpac, and a buy-to-let property, so it suits whether you are moving or remortgaging.

How much can I borrow?+

The maximum loan to value is 80%, so you cover the rest of the property value with a deposit. On our data that limit places Westpac at 201 of 313 among the brands ranked on borrowing.

How do I get help with the application?+

Support runs on email, phone and help centre, so you can email, phone, use the help centre or read the community. A phone line and a help centre should answer most questions before you apply through the referrer program.

Is the rate competitive?+

The initial rate is 5.99% and the APRC is 6%. On our data that puts Westpac at 197 of 316 on initial rate and 99 of 152 on APRC, so the headline rate is not the draw here.

Who should pick this over the other options?+

If you want no product fee and a lender that has traded since 1817 in Australia, it fits. If the rate is your only test, Creditilia ES at 4% and Prestalo at 2.36% both sit below Westpac's 5.99%.

Sources

Compiled from 5 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Fixed period.

Westpac home loan Referrer Program

Westpac home loan Referrer Program

Australian home buyers and remortgagers who want no product fee.

9.3/10See alternatives