As of 18 September 2026, the Westpac Rocket Loan : Variable Home Loan with Offset (Owner Occupied)'s variable owner-occupier P&I variant has a comparison rate of 8.97% (8.83% advertised), ranking 102nd of 107 variable owner-occupier P&I loans and sitting 2.21 points above the market average of 6.76%. The product comes in 5 variants; the others are interest-only and other LVR bands.
8.97%comparison rate p.a.
8.83% advertised · Variable · P&I · Owner-occupier · 70–80% LVR
4 other variants: interest-only and other LVR bands below.
Rate over time
Comparison rate · Variable · P&I · Owner-occupier · 70–80% LVR- Rocket Loan : Variable Home Loan with Offset (Owner Occupied) · Variable · P&I · Owner-occupier
- RBA cash rate
- Market average
Changes
No changes recorded for this product since tracking began on 12 September 2026.
Rates by variant
Comparison rate · advertised rate- Variable · P&I · Owner-occupier · ≤70% LVR
- 8.87% comparison · 8.73% advertised
- Variable · P&I · Owner-occupier · 70–80% LVR
- 8.97% comparison · 8.83% advertised
- Variable · P&I · Owner-occupier · 80–95% LVR
- 9.27% comparison · 9.13% advertised
- Variable · Interest Only · Owner-occupier · ≤70% LVR
- 9.14% comparison · 9.32% advertised
- Variable · Interest Only · Owner-occupier · 70–80% LVR
- 9.24% comparison · 9.42% advertised
Fees
Headline variant- Application fee
- $600
- Ongoing fee
- $33 a month
- Discharge fee
- $350
- Package annual fee
- $395 a year
- Redraw fee
- None
Features
Headline variant- Offset account
- Yes
- Redraw
- Yes
- Extra repayments
- Yes
- Portable
- Yes
- Repayment holiday
- Yes
Eligibility
- Minimum loan
- $10,000
About this product
You could save on home loan interest with up to 10 offset accounts, and unlimited extra repayments.