Westpac

Big 4

Westpac Banking Corporation

Indicative Construction Loan Rate

Variable rate

6.54%

Comparison rate

6.57%

Rate as at 24 April 2026. Verify before applying.

Max LVR

95%

Offset account

Yes

Construction loans

Yes

Best for

Borrowers who want rate lock before construction starts

Advantages

✓ Multiple sub-brands (St.George, Bank of Melbourne, BankSA)
✓ Good fixed rate options
✓ Rate lock available

Limitations

· Higher comparison rates
· Complex product range

Compare Westpac vs other lenders

A broker can compare Westpac's construction loan product against 15+ lenders to find the best fit for your project size, LVR and timeline.

← Back to All Lenders Get Rate Comparison

Westpac Banking Corporation holds Australian Credit Licence 233714. Rates shown are indicative and may change without notice. Always verify the current rate directly with the lender.