Westpac vs NAB home loans June 2026

Westpac's lowest variable home loan rate is 6.17% p.a. and NAB's is 6.14% p.a., a gap of 3 basis points, with NAB the lower of the two today. Both figures are ranked by comparison rate and refreshed daily, so check features and fees alongside the headline rate before deciding.

Westpac vs NAB at a glance

Feature	Westpac	NAB
Lowest variable rate	6.17% p.a.	6.14% p.a.
Lowest 3-year fixed rate	6.54% p.a.	6.49% p.a.
Lowest comparison rate	6.21% p.a.	6.18% p.a.
Products tracked	32	29
Offset available	Yes	Yes
Cashback offer	—	—

Westpac or NAB: which should you pick?

On the lowest advertised variable rate, NAB sits at 6.14% p.a. and Westpac at 6.17% p.a. On a $500,000 loan over 30 years, that gap works out to roughly $10 a month in repayments, so the rate difference is worth weighing carefully.

Both lenders offer an offset account, so if parking savings against your loan matters to you, neither rules itself out on that front.

The cheapest headline rate isn't always the rate a lender approves on your file. Your loan size, deposit and income all move the number, so the right pick between Westpac and NAB depends on your scenario, not just the advertised figure.

Not sure which one fits your scenario?

Advertised rates aren’t always the rate a lender approves. Get the sharper of the two negotiated against your specific numbers, at no cost.

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Westpac vs NAB — frequently asked questions

Who has the lower home loan rate, Westpac or NAB?

As of June 2026, NAB has the lower headline variable rate at 6.14% p.a., versus 6.17% p.a. for Westpac. Both are ranked by comparison rate and refreshed daily.

What's the difference between Westpac and NAB home loans?

Beyond the rate, Westpac and NAB differ on features. Westpac offers an offset account, and NAB offers one too. Ratesniffers tracks 32 Westpac and 29 NAB products, ranked by comparison rate and refreshed daily.

Is it worth switching from Westpac to NAB?

It depends on the gap and your balance. The lowest advertised variable rates differ by 3 basis points today, and on a $500,000 loan even a small gap adds up over the life of the loan. Compare the comparison rate and features, then check the rate each lender would actually approve on your file.

How often are Westpac and NAB rates updated?

Ratesniffers refreshes both Westpac and NAB home loan rates daily. Rates can change whenever either lender reprices or the RBA moves the cash rate, so the figures on this page reflect the most recent data we hold rather than a static snapshot.

Go deeper on each lender

Full product ranges, refreshed daily and ranked by comparison rate.