Bankwest offers a range of home loans that suit the first home buyer, investor or refinancer.
Bankwest has more than 1 million retail customers in Australia and 211 stores and business banking centres across Australia. Check out our Bankwest home loan comparison below to find the right home loan option for first home buyers, refinancers and investors.
Bankwest Complete Home Loan Package Fixed - 2 Year Fixed Rate LVR <90% (Owner Occupier)
2 year fixed rate
comparison rate
Bankwest Home Loan Offer
The Bankwest Complete Home Loan Package - 2 Year Fixed with a loan-to-value ratio up to 90% is a package home loan with no application fees and the option of a Qantas Frequent Flyer points earning credit card.
Bankwest home loans comparison
| Loan | Interest rate | Comparison rate |
|---|---|---|
| Bankwest Complete Home Loan Package 2 Year Fixed Rate LVR <90% (Owner Occupier) | 3.69% p.a. | 4.29% p.a. |
| Bankwest Complete Home Loan Package Variable - (New Lending Special LVR <80% ($200k+) (Owner Occupier) | 3.85% p.a. | 4.26% p.a. |
| Bankwest 3 Year Fixed Rate Home Loan (Owner Occupiers) | 3.99% p.a. | 5.04% p.a. |
| Bankwest Complete Home Loan Package Equity - $200k to $500k | 4.47% p.a. |
Types of Bankwest home loans
The type of home loan you are best suited to depends on your financial situation, your financial goals and the type of property you have or are buying:
- Variable rate home loans. Bankwest offers a range of competitive variable rate loans, including the limited time Online Home Loan, which has a discounted rate and no ongoing fees. You can take advantage of low introductory rates, discounted for the first year of your loan to help you ease into being a mortgage holder.
- Fixed rate home loans. If you're on a tight budget or just like the security and reliability of knowing what your repayments are going to be, you may want to consider a Bankwest fixed interest rate loan. You can reduce your interest repayments if you take advantage of the linked offset facility.
- Accessing equity. If you have an existing home you may consider using a Bankwest equity loan to access the value you have built up in your property. You can use a Bankwest line of credit facility as part of your equity loan, or use the specialised seniors equity release option to help fund your retirement.
- First home buyer loans. Bankwest is also able to offer support for first home buyers who may not have the required documentation and may benefit from a discount in the first year of their loan.
- Investment loans. Bankwest offers interest-only repayments for investors, a complimentary credit card to help you manage expenses and a fixed interest rate loan to maintain cash flow or a loan with no ongoing fees.
The Complete Home Loan Package
Benefits of Bankwest home loans
If you are an existing Bankwest customer, you can borrow more of the property value than new customers, and in most cases only need to provide a 5% deposit.
You can also choose to be rewards such as a lifetime discounted interest rate on your loan or a refund of your application fee if you hold your loan for more than three years.
Calculate your repayments by filling in some of your details
How to apply for a Bankwest home loan
Conditional approval in 15 minutes
A Bankwest lending specialist can give you conditional approval for a home loan within 15 minutes. This allows you to start looking for your home while you organise the information that Bankwest needs.
Online application
If you are looking to apply for a home loan with Bankwest then one of the most convenient ways to do so will be to fill out an online application.
In-person application
If you prefer the personal touch you may want to apply for a Bankwest home loan in person at a branch. If Bring your two latest payslips and a group certificate or a tax return, as well as proof of identification.
Apply over the phone
When you call Bankwest you will be able to talk to a staff member who will walk you through the application process.
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’ll be liable for break fees and discharge costs.
The fees and charges will depend on your loan and how early you paid it off.
For more information, please see our page on home loan exit fees.
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
HI there
do you guys offer loan on land? will it be home loan or investment loan ?
thanks
Hi Xayn,
Thanks for your question.
Bankwest offers a few home loans if you intend to build a new home. It can be for both investment or purchasing a home.
If you would like compare construction home loans, please see this page.
Cheers,
Shirley
I want to be a Guarantor for my daughter who wants to borrow $335000 to buy a unit in Merrylands. She wants to borrow 100% loan. I have two mortgages with bankwest. No problem with my repayments. Value of my houses $1800000. I owe bankwest on both mortgages $546000. If I can get a loan from the bank I may transfer my loans to a bank that will accept to give my daughter the loan and I am her guarantor. My daughter has permanent job with the department of corrective services on an income of $70000 plus a year.
Hello Joe,
thanks for the question.
You may wish to speak to Bankwest directly regarding this matter, as they’ll be able to help you with the ins and outs of guarantor loans.
Cheers,
Marc.
My 3 year fixed rate with you ends in March 2014. What is the going rate to refinace? At present it is an investment property, but I wish to reside in it if the price is right
Hi Ann,
thanks for the question.
This will depend on the Bankwest loan you choose to refinance to. It may be helpful to contact Bankwest directly regarding rate negotiation.
I hope this helps,
Marc.