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Bankwest Complete Home Loan Package – Variable

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This package home loan from Bankwest includes a 100% offset account and a rewards 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, offset transaction account, and a rewards credit card for a single annual package fee. You also have the option to split your loan into different portions with different rates.

Interest Rate Max Insured LVR Max LVR
$200k to <$500k LVR ≤80% (Investor, P&I)
3.24% p.a.
Comparison Rate
3.68% p.a.
80% 80%
$200k to <$750k LVR ≤80% (Owner Occupier, P&I)
2.73% p.a.
Comparison Rate
3.18% p.a.
80% 80%
$200k+ LVR 80.01% to 90% incl. LMI (Investor, P&I)
3.46% p.a.
Comparison Rate
3.90% p.a.
90% 80%
$200k+ LVR 80.01% to 90% incl. LMI (Owner Occupier, P&I)
3.03% p.a.
Comparison Rate
3.48% p.a.
90% 80.01%
$200k+ LVR 90.01% to 95% incl. LMI (Owner Occupier, P&I)
3.86% p.a.
Comparison Rate
4.29% p.a.
95% 80%
$200k+ LVR 95.01% to 98% incl. LMI (Owner Occupier, P&I)
4.62% p.a.
Comparison Rate
5.03% p.a.
98% 80%
$500k+ LVR ≤ 80% (Investor, P&I)
3.17% p.a.
Comparison Rate
3.61% p.a.
80% 80%
$750k+ LVR ≤ 80% (Owner Occupier, P&I)
2.68% p.a.
Comparison Rate
3.14% p.a.
80% 80%
Product NameBankwest Complete Home Loan Package Variable
Interest Rate TypeVariable
Comp Rate^ (p.a.)
Minimum Loan Amount$200,000
Minimum Loan Term1 year
Maximum Loan Term30 years
Maximum LVR80%
Mortgage Offset AccountYes
Mortgage 100% OffsetYes
Loan Redraw FacilityYes
Split Loan FacilityYes
Fixed Interest OptionNo
Suitable for InvestmentYes
Extra RepaymentYes
Repayment TypePrincipal & Interest and Interest Only Options

Application Fee$0
Lender's Legal Fee$0
Ongoing Fees$395 p.a.
Settlement Fee$250


  • There is $0 application fee
  • Fee free 100% offset account


  • There is an annual package fee of $395
  • A settlement fee of $250

Details to consider about the Bankwest Complete Home Loan Package - Variable

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.

Features 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 , 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 also get a 100% offset transaction account which you can use to reduce the amount of interest due on your home loan.
  • 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.
  • Rewards credit card. At time of application you get to choose either a Bankwest Qantas Mastercard (Platinum tier only) or a Bankwest More Mastercard (Classic and Platinum tiers only). Your product tier will be determined based on the credit limit you are approved for. All of these cards give you the ability to earn reward points and the annual fee is waived under the package.

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: $250. This covers the legal costs associated with settling your home loan.

How to apply for the Bankwest Complete Home Loan Package - Variable

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.

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4 Responses

  1. Default Gravatar
    peterAugust 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
      JeniAugust 27, 2019Staff

      Hi Peter,

      Thank you for getting in touch with Finder.

      We’re unable to provide the specific rate however if you consider to apply for a construction loan with Bankwest, please click on the Go to site button and you’ll be redirected to their official page were you may learn more on their offered products as well as get their contact info.

      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!


  2. Default Gravatar
    BSPCAugust 21, 2017

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

    • Avatarfinder Customer Care
      DeeAugust 21, 2017Staff

      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.

      If you want to learn more about LMI, you can check our guide here.


Bankwest Complete Home Loan Package Variable

  • Interest Rate


  • Comparison Rate


  • App Fee / Annual Service Fee

    $0 / $395

  • Max LVR


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