Westpac
Sustainable Upgrades Home Loan
Westpac · residential mortgages
Provider last updated this product 2026-08-21.
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.
As published by the lender
- Security - Secured
Lending rates
| Type | Rate | Comparison^ | Purpose | Repayment | Fixed term | Applies to | Interest |
|---|---|---|---|---|---|---|---|
| VARIABLE | 4.49% | 4.49% | OWNER OCCUPIED | PRINCIPAL AND INTEREST | - | - | calculated daily, paid monthly |
Fees
| Fee | Type | Amount | Details |
|---|---|---|---|
| Monthly Account Fee | PERIODIC | $0 | - |
| Lending Establishment Fee | UPFRONT | $0 | - |
| Bank Cheque Issuance Fee | EVENT | $10 | $10 per cheque (1st cheque is free) |
| Loan Account Fee | PERIODIC | $0 | - |
| Missed Payment Fee | LATE_PAYMENT | $15 | - |
| Document Processing Fee | EVENT | $0 | - |
| Account Overdrawn Fee | EVENT | $15 | - |
| Loan Discharge Fee | EXIT | $350 | - |
Rate history
Rate Comparison rate
The figures behind this chart
| From | Until | Rate | Comparison |
|---|---|---|---|
| 2026-07-15 | 2026-09-30 (current) | 4.49% | 4.49% |
Published figures as captured daily since 2026-07-15. A step is the day the provider's published figure changed; days without a published figure carry the last published value.
Features
- Access a 2nd loan: An extra home loan or investment loan secured against your property, with no package or offset available. Borrow up to $50k.
- Home improvements: Help take control of your energy consumption with upgrades like solar panels and batteries. Plus, you could make bushfire, storm, and flood resilient upgrades.
- Cool rate, no monthly fees: You won't pay any loan establishment or monthly account fees.
- Flexible repayments: Pay it off as fast as you like with unlimited extra repayments (redraw unavailable).
- The product provides options which includes repayment holiday and a progressive drawdown features.
- Loan Payment Method: Direct Debit (preferred), Direct Credit, Branch Payment, Internet or Phone Banking
- Repayment frequencies includes weekly, fortnightly or monthly
- Sustainable upgrade offers from our approved providers. Qualifies for our cool interest rate. We've teamed up with Origin for quotes on home energy upgrades from Origin's network of local approved installers: Battery, Solar panels, EV charger, Hot water heat pump, explore offers and government rebates.
Who can apply
- otherYou must have or be approved for a Westpac home or investment loan with a minimum loan size of $150k
- min age - 1818+ years old
- otherThe property securing your Westpac home or investment loan must be the property being upgraded for energy-efficiency or climate-resilience
- otherLenders mortgage insurance must not be applicable at time of applying.
- otherIndividuals, Discretionary or Family Trusts (Individual trustees only)
- otherYou've chosen from our list of eligible energy-efficient or climate-resilient upgrades and funds spent on these upgrades only.
Limits
- min limit - 4000.00The minimum amount financed is $4000
- max limit - 50000.00The maximum amount financed is $50,000
- otherMaximum repayment term 10 years
- otherLoan Maximum - Interest only period 9 months
- other$4k to $50k loan amount on Principal & Interest repayments
The provider's own documents
Published by the provider under the Consumer Data Right. These are their documents, not ours - they are the authority on this product.
Last updated by data holder: 2026-08-21T05:30:51Z · Product ID: HLSustainableUpgradesOwnersOccupied