6 live products
Up
Best available rate
5.45%p.a.
Up Home Loan (Variable)
Highest ranked offer currently surfaced for this bank on the compare page.
Comparison
5.45%
Offset
Included
Redraw
Included
Finding the best rates…
Home Loans Comparison
Bank One
Up
Best available
From 5.45% p.a.
Line-up
6 live products
VS
Up vs Westpac
Compare Up and Westpac home loans in March 2026. Up offers rates from 5.45% p.a. across 6 products, while Westpac starts at 5.79% p.a. with 179 products. Up currently has the lower rate by 0.34%.
VS
179 live products
Westpac
Best available rate
5.79%p.a.
Fixed Rate Home Loan (Investment Fixed 1 Yr)
Highest ranked offer currently surfaced for this bank on the compare page.
Comparison
6.45%
Offset
Not included
Redraw
Included
Live edge
Up is lower on headline home loan rate by 0.34%, which is roughly $142 per month on a $500,000 loan.
0.34% gap
Feature Comparison
Side-by-side view of the strongest offers surfaced above.
| Feature | Up | Westpac |
|---|---|---|
| Interest rate | 5.45% | 5.79% |
| Comparison rate | 5.45% | 6.45% |
| Offset account | Yes | No |
| Redraw | Yes | Yes |
All Up Products
Every tracked home loans option from Up.
All Westpac Products
Every tracked home loans option from Westpac.
Up's lowest variable rate is 5.45% p.a. (comparison rate 5.45%) while Westpac starts at 5.79% p.a. (comparison rate 6.45%). Up is 0.34% lower, which saves approximately $142/month on a $500,000 loan.
Key features: Up includes offset, Up includes redraw, Westpac includes redraw.
Quick Comparison
| Feature | Up | Westpac |
|---|---|---|
| Interest Rate | 5.45% | 5.79% |
| Comparison Rate | 5.45% | 6.45% |
| Offset Account | Yes | No |
| Redraw Facility | Yes | Yes |
Common Questions
Up vs Westpac FAQs
Which bank has a lower home loan rate, Up or Westpac?
Up currently offers the lower variable rate at 5.45% p.a. compared to 5.79% p.a. Always check the comparison rate for a true cost picture.
Do Up and Westpac home loans have offset accounts?
Up offers an offset account. Westpac does not include an offset account.
What is Up's lowest home loan rate in 2026?
Up's lowest variable rate is 5.45% p.a. (comparison rate 5.45%) on the Up Home Loan (Variable).
What is Westpac's lowest home loan rate in 2026?
Westpac's lowest variable rate is 5.79% p.a. (comparison rate 6.45%) on the Fixed Rate Home Loan (Investment Fixed 1 Yr).