Westpac gives customers many more reasons to celebrate Diwali

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Westpac has announced a range of exciting offers to celebrate Diwali ‘the festival of lights’ including a special variable home loan rate and competitive Term Deposit rates.

  • 4.84% p.a. 2 year variable introductory rate for new Flexi First Option Home Loans
  • Competitive Term Deposit rates

To help customers own their own home sooner, Westpac is offering a special 4.84% p.a. 2 year variable introductory rate (5.24 % p.a.** comparison rate) for new Flexi First Option Home Loans that are approved by 31 December 2014 (a discount of 0.49% for 2 years). The Flexi First Option Home Loan boasts a competitive interest rate, and also provides customers with a range of flexible features such as a $0 establishment fee, $0 monthly maintenance fees and extra repayments allowed at any time.


Westpac is also offering competitive Term Deposit rates during Diwali to ensure customers’ savings shine brightly with a range of products to help individuals and families manage and grow their money. Customers are encouraged to visit one of the 70 participating Westpac branches across Australia that are celebrating Diwali to speak with Westpac’s dedicated staff about competitive Term Deposit rates .


Westpac Premium’s General Manager Damien MacRae said: “We are delighted to offer something special for the Indian community to celebrate Diwali. Our culturally diverse migrant and multicultural banking team will be available over this festive period to help customers who want to own their own home sooner or save more.”


Mr MacRae was also pleased to announce that Westpac is continuing to make banking more efficient for customers offshore. Westpac’s Mumbai branch is equipped to offer retail banking products and services to Westpac customers, providing an efficient and convenient banking experience to the Indian community in Australia.


Once an account is opened customers can enjoy Westpac banking services and products such as investing funds in attractive deposit options in India through the Mumbai branch, and even seamlessly conduct foreign currency remittance to India, as well as foreign currency repatriation.


Customers can open a Non-Resident Ordinary Rupee Account, a Non-Resident (External) Rupee Account, and a Foreign Currency Non Resident (Bank) Account which can be done through contacting your nearest Westpac branch in Australia.


Westpac also offers wholesale banking services via its Mumbai Branch.


Please ensure the product is appropriate to you. Loans subject to Westpac’s credit criteria. Terms and conditions available upon request.

**The comparison rate for the Flexi First Option Home Loan is based on a loan of $150,000 over a term of 25 years. This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.


For full terms and conditions and to find out more about Westpac’s Diwali product offerings, along with a list of their branches celebrating Diwali this year, visit westpac.com.au/deepavali.


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