Rating based on 35 reviews


  • Home loans up to $50,000
  • Low-interest starting from 23%
  • Repayment up to 5 years

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Author Westpac. Screenshot of Westpac website.
[Accessed April 17, 2018]

Westpac - Stress-free home loans

A month after the bank came to an agreement to take over the Oriental Bank in New Zealand in and around April 1861, gold was discovered in Otago, well our bankers were soon to take to their horses and slept in tents so that they could offer services in the gold fields.

We offer the following and much more

Consumer Bank is accountable for sales and services of 9 million customers, helping them with their daily banking needs.

The division covers all customer banking products and services under the Westpac, BankSA, Bank of Melbourne, St. George and RAMS brands.

Undertakings are directed through the Consumer Bank’s nationwide network which has around 1,429 branches and provides cover from third-party distributors to internet banking.

The Business Bank is in charge for sales and service of its small-to-medium enterprise such as commercial and agribusiness, as well as asset and equipment investment and works under the Westpac, BankSA, St. George, and Bank of Melbourne brands.

We offer a range of home loans as well as credit cards, car loans and savings and bank accounts.

Westpac Services

Why your location is so important when searching for your home? How to know whether the property you are thinking of buying is a good investment or not? And what would the implications of buying an old house or new house be?

In addition to finding the best home loans you must also consider a range of additional information

These are important factors to cover and note while you are house hunting

  • When you are house hunting be prepared and logical, we offer a few tips on how to start your journey on your property search.
  • Make a list of the features of your looking for in your home, the location of the property and the type of property is equally important.
  • Make use of our calculator to get some indication as to what you can afford.
  • Perhaps you might think of getting pre-approval so that you know how much you need to borrow.
  • Spend time to get a feel for the market and do some research by comparing loans online. Take a drive around some of the area’s you looking to buy; you could also go online and do some searching there.

Westpac – Home loan

  • Loan Type Home loans
  • Interest Rate from 23%
  • Loan Amount up to $50,000
  • Repayment 6 months to 5 years

Benefits of Westpac

  • Get a loan top-up
  • Simple online application
  • Repayment terms are flexible

Westpac - We will guide you to buy your first home

If you’re thinking of buying your first home, it would be a good idea to start saving for the deposit, most lenders will require a 20% deposit of the property price, but if you don’t have the 20% there are other options available with regards to your deposit that could be of assistance before you get your first home sooner.

Our home loan journey

The first thing you need to do is the math, you’ll want to establish where you stand financially at the present time and what you will need a deposit and how much you might need to borrow.

Being able to afford the property

The info below will provide you with a good head-start to important questions that need to be answered; it also includes a guide to what the cost of things is. Talk to one of our mobile mortgage managers when you feel ready to take the plunge, it’s a good way of determining your financial situation; you’re also welcome to give us a visit.

The amount you are able to borrow depends on a few factors, like

  • What is the value of the property you would like to purchase?
  • What is the amount of deposit or equity that you have to contribute?
  • And lastly, what is your affordability, in other words, what can you afford on monthly repayments.

Each lender has a different guideline, it’s important to check with us how much you’ll need for the property you’re interested in (this is important).

To purchase residential property would generally require 20% of the value of the property being bought. However, there are instances when a lower deposit may be requested, such as whether you’re buying a new home or if you’re building a new home. on the other hand, there are instances where you are requested to pay a bigger deposit such as if you’re buying an investment property or a small apartment perhaps you want to purchase bare land.

This is how an auction works

Firstly you need to do all the checks beforehand. Buying at an auction is unconditional and legally binding. Everyone that attends the auction is interested in the property so they all bid against each other until only one bidder remains, so have all your finances in order.

The seller will generally set a reserve price they will communicate this to the auctioneer, he will then start the bidding at the reserved price, once the bid is over and the property is sold, and the deposit is paid by the buyer which is generally 10%, to the auctioneer. The settlement which is normally the day of ownership is normally 20 days later, note that this can be negotiated in some instances.

Before you purchase the property at an auction

  • To get a feel of how an auction works you may want to go and watch a few.
  • Let your agent know that you’re interested in the auction and obtain a copy of the auction contract.
  • Make a decision on what your top price is and arrange your finances with your lender so that you can have the deposit available.
  • Westpac can be of assistance if you don’t have the deposit all you need to do is giving us a call.

Customer Reviews & Testimonials

Their home loan calculators are very useful. I found the tools to be advantageous in assisting me to work out my numbers. On top of that, the consultants were also very helpful.

Serena K
— Invercargill —

The mortgage manager who helped me was amazing! She answered all my questions and was very proactive throughout the process. Having her made a huge difference.

Angela B
— Gisborne —

Your customer service is outstanding! We were looking for a home loan and Westpac was on top of things from the word go. Not only are they efficient, but they’re also really nice people.

Michael O
— Upper Hutt —

Westpac Contact

Physical Address

  • 140 Lambton Quay Wellington Wellington Region 6011 New Zealand
  • Get Directions

Opening Hours

  • Monday 10:00 – 14:00
  • Tuesday – Closed
  • Wednesday 10:00 – 14:00
  • Thursday – Closed
  • Friday 10:00 – 14:00
  • Saturday – Closed
  • Sunday – Closed