Westpac Sustainable Upgrades Investment Loan
Variable rate
Looking to make energy efficient or climate resilient upgrades? Our Sustainable Upgrades home or investment loan is an additional loan secured against your property, with a cool rate to help you get started.
- Interest rate a year, from
- 4.74%
- Comparison rate
- 4.74%
- Upfront fees
- None
- Annual fee
- Not published
- Monthly fee
- None
Monthly repayment
$50,000 over 30 years
What it would cost
At the lowest rate of 4.74% (variable, investment, principal and interest). The rate you are offered depends on your deposit and the loan you choose, and upfront fees are not included.
- Monthly repayment
- $261
- Total repayments
- $93,788
- Interest
- $43,788
Rates
Every rate Westpac publishes for this loan. LVR is the loan as a share of the property's value: 80% for a 20% deposit.
| Rate | Property | Repayments | LVR | Interest rate | Comparison rate |
|---|---|---|---|---|---|
| Variable | Investment | Principal and interest | Any | 4.74% | 4.74% |
Comparison rates are for an example loan of $150,000 over 25 years. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
Fees and features
Fees
- Upfront fees
- None
- Annual fee
- Not published
- Monthly fee
- None
Features
- Offset account
- No
- Redraw
- No
- Highest LVR
- Not published
- Loan amount
- From $4,000 up to $50,000
How it compares
Against the other home loans we compare, for a home you live in with a 20% deposit. Typical means the middle half of them.
Upfront fees
None
Typical upfront fees are $600.
Pros and cons
Pros
- No upfront fees. Less cash needed at settlement.
- Extra repayments. Paying more than the minimum pays the loan off sooner and cuts the interest you pay.
- No early repayment fee listed. You can pay the loan off early, or refinance, without a penalty. Check the terms to be sure.
Cons
- No offset account. Your savings can't reduce the interest unless you pay them into the loan.
- A $15 late payment fee. Setting up automatic repayments avoids it.