We

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 against 15+ lenders to find the best fit for your project size, LVR and timeline.

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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.