Finder makes money from featured partners, but editorial opinions are our own.

Bankwest offers home loan discounted against major banks


currency chess money notes bankBankwest has launched a new product offering a home loan rate discount against the rates offered by three major banks.

The lender’s Equaliser Home Loan will offer a three-year 1.35% discount for owner occupiers and 1.00% discount for investors off the combined average standard variable rate of ANZ, NAB and Westpac. The product has a floor rate of 2.5%.

Bankwest general manager for broker sales Stewart Saunders said the product demonstrated an ability to innovate in a challenging home loan market.

“With so much uncertainty in the markets on a state, national and international level, this new home loan gives people peace of mind they’ll be getting a competitive rate,” Saunders said.

The loan offers the discount for three years, at which time it converts to the bank’s life of loan discounted variable rate. The loan is available for new loans over $200,000, and at a loan-to-value ratio of up to 80%.

“We’ve listened to what our brokers and our customers are telling us and we know there’s a demand for a simple, no frills home loan which offers competitive rates that align consistently with the major banks,“ Saunders said. “This product isn’t meant to be a ‘hero product’,but addresses a growing segment of customers who are looking for certainty in competitive rates.”

Latest home loans headlines

Image: Shutterstock

Find the right home loan now

Ask an Expert

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 6. Finder Group Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Go to site