Bankwest Complete Home Loan Package – Variable

This home loan package from Bankwest includes an optional 100% offset account and eligible credit card with the annual fee waived.

The Complete Home Loan Package offered by Bankwest allows you to maintain a combination of a home loan with multiple offset accounts and either a low rate or rewards credit card for a single annual package fee. You also have the option to split your loan into different portions with different rates.

No reviews yet. Write a review

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!


Review by

Richard Whitten is a senior writer at Finder, and has been covering home loans and the property market in Australia for the last 4 years. He has written for Yahoo Finance, Money Magazine and Homely, as well as multiple banks and lenders. Richard has a Certificate IV in Finance and Mortgage Broking, a Bachelor of Education from the University of Sydney and a Graduate Certificate in Communication. He enjoys helping people understand the ins and outs of mortgages so they can make smarter property decisions. Richard trained as a high school teacher but found it easier to manage personal finances than a classroom full of kids. Before joining Finder, he edited textbooks and taught English in South Korea.

Expert review

You can use funds you receive through the Bankwest Complete Home Loan Package - Variable to buy a home to live in or to refinance. It's also available for investors looking to refinance their principal and interest investment loans. The package waives a number of fees and offers discounts in exchange for a single annual package fee.

About this loan

What are the features and benefits of the Bankwest Complete Home Loan Package - Variable?

  • Loan amount and Loan-to-Value Ratio (LVR). The minimum you can borrow with this home loan package is $200,000, and there is no maximum limit. The maximum LVR owner occupiers can borrow is 80%, including LMI with this loan. If you borrow more than 80% LVR you will incur lenders mortgage insurance (LMI) and a higher rate.
  • Offset account. You can add a 100% offset transaction account which you can use to reduce the amount of interest due on your home loan. You can open up to nine separate offset accounts with this loan while avoiding monthly fees.
  • Repayment flexibility. With the Complete Home Loan Package - Variable you can make your repayments weekly, fortnightly, or monthly. You also have the option to make interest-only repayments for up to five years, and can make unlimited extra repayments on the loan to pay it off sooner.
  • Redraw facility. The option to redraw exists only if you opt for the variable rate loan. Online redraws are free, and you can redraw any amount. Any other means of redrawing requires you to redraw at least $1,000.
  • Credit card. With this package loan you can choose to add either a Bankwest Qantas Mastercard (Platinum tier), a Bankwest More Mastercard (Classic and Platinum tier) or a Bankwest Breeze Mastercard (Classic or Platinum tier) and avoid the annual fee. Other fees and charges may apply.

What fees and charges come with this loan?

There are several fees attached to this mortgage:

  • Annual package fee: $395. This fee covers the ongoing maintenance of your loan accounts and all features associated with the package. This fee is charged annually and in advance for the following year.
  • Settlement fee: $38.20. This covers the legal costs associated with settling your home loan.

How to apply

You can apply for the Bankwest Complete Home Loan Package online, over the phone or by visiting any Bankwest branch store.

Remember that you can only apply if you meet the following criteria:

  • You're a permanent resident of Australia
  • You're over 18 years of age

Applying for this loan, as with any other home loan, requires that you provide personal details as well as work-related and financial information, so keep the following handy:

  • Primary photographic ID such as a driver's license, passport and Medicare card
  • Employment details, including name and contact details of employer as well as the duration of your employment
  • Income and expenditure details
  • List of all assets and liabilities

While this home loan package by Bankwest comes with a number of features and offers reasonable flexibility, take some time to compare it with packages offered by other lenders before making your decision.

Home Loan Offers

Important Information*

Ask an expert

To ask a question simply log in via your email or create an account.

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.


    Default Gravatar
    August 26, 2019

    What is interest rate on a construction loan for my new house? The lending ratio is only 55% and has plenty of income.


      Avatarfinder Customer Care
      August 27, 2019

      Hi Peter,

      Thank you for getting in touch with Finder.

      We’re unable to provide the specific rate however if you consider applying for a construction loan with Bankwest, simply head to their official page where you may learn more about their offered products as well as get their contact information.

      I recommend that you check the details of the loan, eligibility requirements, and its terms and conditions before you apply. I also suggest that you seek help from a mortgage broker if you’re looking for providers that offer the cheapest rate.

      I hope this helps.

      Thank you and have a wonderful day!


    Default Gravatar
    August 21, 2017

    Is Mortgage insurance included in loan amount above the 95% LVR.

      Avatarfinder Customer Care
      August 21, 2017

      Hi BSPC,

      Thanks for your question.

      Generally, you will pay LMI on your home loan if you are borrowing more than 80% of the property value on a standard loan, or more than 60% of the property value on a low doc loan.

      Please feel free to read more about lender’s mortgage insurance to better understand the overall costs of purchasing a property and applying for a home loan.


Go to site