Bankwest is an Australian financial institution owned by Commonwealth Bank. Bankwest has home loans for investors and owner-occupiers, including fixed and variable rates, plus package loans. Check out the full table of Bankwest products below or read more about the lender and its loans.
Hit the "Load more" button to compare a bigger selection of products. You can also find more information on each individual product by clicking "More info".
Review by our money editor Richard Whitten
Here are the key features and details you need to know about Bankwest's mortgage products.
| Feature | Details |
|---|---|
| Minimum deposit | Some Bankwest home loans are available with a 5% deposit (95% max insured LVR), including some of its most competitive rates. |
| Offset account? | Bankwest's package loans come with offset accounts. |
| Fees | Bankwest loans have very low fees, including no application or ongoing fees. This could save you hundreds of dollars in loan costs. |
| Repayment options | Both Bankwest's fixed and variable rate loans allow you to make interest-only repayments for a limited period. The lender also offers the standard principal-and-interest repayments on its loans. |
| Package benefits | The Bankwest Complete Home Loan Package lets you combine a credit card, mortgage and transaction account (with offset) for one annual fee. |
When applying for any home loan, you will need various documents to establish your identity, your financial situation, employment status and details about the property.
Each Bankwest product has specific eligibility criteria but some will apply to all products. For example:
When you apply for a mortgage with Bankwest you are required to provide certain information, so make sure you have all your documents ready before you apply. The documents you will be expected to provide are:
📄 Property details. You can start a loan enquiry before you've bought a property. But to complete an application you need the address of the property and a signed contract of sale.
📄 Identification documents. You will need identification such as a driver's licence, passport or birth certificate.
📄 Proof of income documents. Recent payslips can establish your income.
📄 Asset and liability documents. You need to provide documents showing your current assets (savings accounts, investments) and liabilities (your outstanding debt).
If you want to compare loans from lenders similar to Bankwest then you could look at the Big Four or some of Australia's other mid-sized lenders.
SPONSORED: Grow your business with the right payment system, banking tools and financial resources.
SPONSORED: Saving money is about more than just stashing cash. By getting smart with the way you save, you can build wealth better.
As property prices continue to soar and the economy gets back on its feet, many millennials are forgetting about saving for a home and opting for holidays instead.
This is double the rebate paid to QLD households in the current financial year.
From accelerated ageing to arguments with loved ones, the cost of living is taking its toll, according to new research by Finder.
Get 10,000 bonus points if you're an eligible first time cardholder who hasn't had a Qantas points earning card in the last 12 months.
The short of it is: this electric car eased my usual range anxiety during the trip, consuming just a quarter of its battery on a journey that typically has seen others dipping into the red by up to 60%.
From bald tyres to worn brake pads, the nation’s roads are crowded with cars that could struggle to pass a roadworthy inspection, according to new research by Finder.
SPONSORED: With the right tools in place, building a global team for your business doesn't have to be a logistics headache.
SPONSORED: Being aware of wider economic considerations can help you make more informed decisions when buying a property.
If you have a variable home loan can you pay it out in full or do you have to fix the loan
Hi Karen,
Yes, you can pay out a variable home loan early.
Do I make an appointment to come into a branch to apply for a home loan
Hi Pidge,
thanks for the question.
You can apply for a home loan in a number of ways. By clicking the ‘Go to Site’ button on this page, you’ll be taken to the Bankwest site where you can apply online, arrange a call back, or make an appointment to apply in person.
I hope this helps,
Marc.
Did Bankwest revise interest rates for home loan after the RBA reduction of 0.25%? Cant find any info.
Hi Alam,
thanks for the question.
Bankwest recently announced a rate reduction of 0.17%, which is effective for existing customers on the Tuesday 19 May.
Cheers,
Marc.
when paying off a mortgage in full, what charges are there
Hi Brown,
Thanks for your question.
If you repay your mortgage early, you will be liable for break fees and discharge costs.
The fees and charges will depend on your loan and how early you paid it off.
You may find this guide to home loan exit fees as your reference to know more about the fees if you want to pay off your loan ahead of time. Remember to revisit the relevant product disclosure statement and terms and conditions of your loan.
Cheers,
Shirley
retired 65 & 63- mortgage free home valuation $600000. impaired credit rating, defaults paid or being paid.
equity release is this possible
Hi Sharon,
Thanks for your question.
Please contact your home loan consultant or the customer service team at Bankwest to enquire about this.
Cheers,
Shirley