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Westpac Banking Corporation (ASX:WBC) is offering $1,000 cash back for new home loan applications in an attempt to lure house hunters.
The sweetener is designed to entice customers to the bank by offering $1,000 of credit into a Westpac Choice account on its new home loans over $250,000 until the end of October.
The bank is also currently offering a discount of up to 0.8 per cent off the variable rate home loan for those borrowing more than $500,000 and a 20 per cent discount on the first year of home and contents insurance for new homes.
Westpac is Australia’s second-largest home lender, and the latest move comes just one week after the bank cut the three-year fixed-rate on its
Premier Advantage Package home loan by 15 basis points to 6.44 per cent.
In the first half of its 2011 financial year Westpac recorded a net profit of $3.996 billion.
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Last
$39.03 |
Change
0.300(0.77%) |
Mkt cap ! $133.4B | |||
| Open | High | Low | Value | Volume |
| $38.82 | $39.13 | $38.66 | $152.4M | 3.909M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1308 | $39.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $39.04 | 2500 | 2 |
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| Last trade - 16.10pm 16/09/2025 (20 minute delay) ? |
| WBC (ASX) Chart |