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Westpac Greater Choices Home Loan Top-Up
Up to $50,000 interest-free for 5 years for a cozier, eco-friendly home.
Westpac Greater Choices Home Loan for Solar and Beyond
Elevate your home with up to $50,000 interest-free for 5 years. Enhance insulation, install solar panel, go green with electric transport. Flexibility and no establishment fees make it ideal for creating a more sustainable home and lifestyle.
- Interest Rate: 0% for up to 5 years
Maximum Loan Amount: $50,000
Default Interest Rate: 5% on outstanding balance after 5 years
Eligible Uses: Solar energy systems (including batteries), heating systems (heat pumps, wood burners), insulation, ventilation, double glazing, electric vehicle chargers, electric and hybrid vehicles
Eligibility: Must have a home loan with Westpac or be willing to transfer your mortgage to Westpac, and have at least 20% equity in your home (40% for investment properties)
Pros:
Interest-free loan
Longer loan term of 5 years
No establishment or early repayment fees
Cons:
Maximum loan amount may be insufficient for some projects
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