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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.
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A discharge or refinance authority is used to release the security (e.g. your property) that youve provided for a home loan. This means the bank will no longer hold security over your property. You can use a discharge or refinance authority if youve sold your property and plan to pay off your loan in full.
To close your account, please give us a call on 1300 797 470 (within Australia) or +61 2 9155 7744 (from overseas). Before you can close your account, youll need to convert any foreign currencies into AUD and transfer your available balance to your Westpac savings or transaction account.
View fees and costs for: Fees and costsPackaged# amount Overdrawn fee $15 Document processing fee (may be payable if we deal with the mortgage or title document after settlement) $150 Property valuer fee (may be payable if a valuation is needed) Determined by external valuers fee Loan discharge fee $350 per loan11 more rows
Through our unique portfolio of brands comprising Westpac, St. George, Bank of Melbourne, BankSA, BT and RAMS we support and serve over 12.7 million customers.
All you need to do is pay out the loan balance and complete the Property and Security Request Form. Follow the instructions on the form, including any associated costs, to discharge your home loan.
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People also ask

Yes, you can close your home loan account online. Log in to your lenders customer portal or mobile app, follow the steps to settle the outstanding balance, and complete the necessary formalities. Can we clear the home loan amount at once? Yes, you can clear the home loan amount at once through prepayment.
How do I close my account? Sign into Online Banking or the Westpac App (eligible everyday and savings account, credit card and Flexi Loan accounts) Visit your nearest branch. Call 132 032 8am-8pm Sydney time, 7 days a week or +61 2 92939270 if overseas.

westpac discharge authority