Westpac vs NAB home loans August 2026

At 80% LVR as at 31 July 2026, Westpac's lowest exact owner-occupier variable row is 6.09% p.a. (6.13% comparison rate) and NAB's is 6.12% p.a. (6.16% comparison rate). The headline-rate gap is 3 basis points, with Westpac lower in this matched scenario. Product features and individual eligibility can still change the practical result.

Westpac vs NAB at a glance

Feature	Westpac	NAB
Lowest variable rate	6.09% p.a. (6.13% comparison rate)	6.12% p.a. (6.16% comparison rate)
Lowest 3-year fixed rate	6.54% p.a. (6.58% comparison rate)	6.49% p.a. (6.53% comparison rate)
Products tracked	32	29
Offset available	Yes	Yes
Approved cashback register	—	—

Promoted rate comparisons require exact owner-occupier principal-and-interest rows at 80% LVR from the snapshot dated 31 July 2026. A dash means a two-sided exact comparison is unavailable, not that a lender has no products.

*Important Information and Comparison Rate Warning

This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years.

The information provided on this site is general in nature and does not take into account your objectives, financial situation or needs. Before acting on any information, consider whether it is appropriate for you and read the relevant Credit Guide and lender disclosures.

Westpac or NAB: which should you pick?

For the exact 80% LVR rows dated 31 July 2026, Westpac sits at 6.09% p.a. (6.13% comparison rate) and NAB at 6.12% p.a. (6.16% comparison rate). On a $500,000 loan over 30 years, the headline-rate gap is roughly $10 a month in repayments before fees, so compare the attached comparison rates as well.

Feature records in the table are comparison prompts, not eligibility guarantees. Check offset coverage, redraw rules, package fees and any approved offer conditions in the lender's current documents before relying on a feature difference.

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.

Compare my options

Westpac vs NAB: frequently asked questions

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

At 80% LVR as at 31 July 2026, Westpac has the lower exact headline variable rate at 6.09% p.a. (6.13% comparison rate). The other exact row is 6.12% p.a. (6.16% comparison rate).

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

Beyond the rate, compare offset coverage, redraw rules, extra-repayment limits, package fees and eligibility. The table shows current recorded product attributes, but those fields are not part of the dated rate snapshot and should be verified in each lender's current documents.

Is it worth switching from Westpac to NAB?

It depends on your balance, switching costs and the rate approved. The exact 80% LVR headline rows dated 31 July 2026 differ by 3 basis points. Compare each row's attached comparison rate and features, then calculate whether the saving exceeds all switching costs.

How often are Westpac and NAB rates updated?

Promoted rate comparisons on this page use exact owner-occupier principal-and-interest rows at 80% LVR from the snapshot dated 31 July 2026. Current product and feature rows may refresh separately, but they do not drive a rate winner.

Go deeper on each lender

Current product pages with comparison rates, features and eligibility context.

Related lender comparisons

Compare each lender against other major banks and lower-rate challengers.