Mortgage Fee Rebates


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You can now redeem your Altitude reward points as fee rebates for Westpac Home Loans. You can choose to pay off all or part of monthly loan maintenance fees or package fees.

Redemption amounts are listed below:

Redemption Option Points Required
  $48 rebate (6 months of $8/mth monthly loan maintenance fees#) 9,600
  $96 rebate (1 year of $8/mth monthly loan maintenance fees#) 19,200
  $60 rebate (6 months of $10/mth monthly loan maintenance fees*) 12,000
  $120 rebate (1 year of $10/mth monthly loan maintenance fees*) 24,000
  $100 rebate ( off Premier Advantage Package annual fee of $395) 20,000
  $95 rebate (off Premier Advantage Package annual fee of $395) 19,000

Call 1300 887 820 or 1300 859 100 for Platinum

Note:

  • This offer is only available via redemption by phone.
  • You will need to pay your package or monthly loan maintenance fee as it falls due and then claim a rebate later.
  • The redeemed amount will be deposited into the Westpac home loan account you provide and appear on your statement as 'Fee rebate'.
  • Any fee rebate is subject to existing home loan terms and conditions especially relating to the deposits and withdrawal of funds into your loan account. This includes (but is not limited to), prepayment break costs for fixed loans and redraw authority to access funds. For example, if you are on a fixed rate loan and your rebate amount results in exceeding your annual allowed threshold limit of $25,000, then a break cost may apply. Please note break costs can be expensive.

# For all loans other then Equity Access Loan Plan 2
* For Equity Access Loan – Plan 2