Bankwest Home Loans Rates Comparison | Finder

Bankwest Home Loans

Bankwest offers a range of home loans that suit the first home buyer, investor or refinancer.

Bankwest

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Find everything you need to know about Bankwest home loans on this page. Skip ahead to the full table of products or read more about Bankwest home loans below.

Compare Bankwest home loans

Compare Bankwest home loans below. Hit "load more" to see a fuller selection of home loans and hit "Go to site" to go to Bankwest's website for the selected home loan.

Data updated regularly
$
years
Name Product Interest Rate (p.a.) Comp. Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment
Bankwest Complete Home Loan Package Variable
2.55%
3.01%
$0
$395 p.a.
80%
$597.7
$2,000 refinance cashback.
Eligible customers who apply to move their home loan to Bankwest by 30 April 2021 can get a $2,000 cashback. To qualify you must refinance a minimum loan amount of $250,000 or more with an LVR of 80% or lower. The loan must be funded by 30 June 2021 (other terms, conditions and exlcusions apply).
Bankwest Complete Home Loan Package Fixed
2.49%
3.98%
$0
$395 p.a.
90%
$593.01
Invest in your dream property with a secure fixed rate and 40% offset account.
Bankwest Complete Home Loan Package Variable
2.52%
2.98%
$0
$395 p.a.
70%
$595.35
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Bankwest lender profile

  • Bankwest began in 1895 as the Agricultural Bank of Western Australia. It is now a division of the Commonwealth Bank.
  • Bankwest has more than 1 million retail customers in Australia and 211 stores and business banking centres across Australia.
  • Bankwest offers home loans, personal loans, credit cards, savings accounts, bank accounts and other products and services.

Bankwest mortgage features

Bankwest offers fixed and variable rate mortgages, with options for home buyers and investors plus package loans that bundle other Bankwest products together.

FeatureDetails
Deposit sizeMost Bankwest home loans are available with a 10% deposit (90% max insured LVR). Some of their most competitive rates require a 20% deposit.
Offset accountThe Bankwest Complete Home Loan Package Variable comes with a 100% offset account.
Redraw facilityMost Bankwest products offer fee-free redraw facility.
Package benefitsThe Bankwest Complete Home Loan Package lets you combine a credit card, mortgage and transaction account (with offset) for one annual fee.

How do I apply for a Bankwest mortgage?

You can learn more about a specific Bankwest mortgage by clicking through to that product's review page. Clicking "Go to site" on the Bankwest comparison table will take you through to the lender's website.

Eligibility

Each Bankwest product have specific eligibility criteria but some will apply to all products. For example:

  • Age. You must be over 18 years of age.
  • Residency. You should be a resident of Australia.
  • Employment. You should have a regular source of income.

Documents required

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:

  • Identification documents. You will need identification such as a driver's license, 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).

Detailed guide to home loan applications and paperwork

Looking for more mortgage options?

More guides on Finder

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14 Responses

    Default Gravatar
    PidgeMay 26, 2015

    Do I make an appointment to come into a branch to apply for a home loan

      Avatarfinder Customer Care
      MarcMay 29, 2015Staff

      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.

    Default Gravatar
    AlamMay 12, 2015

    Did Bankwest revise interest rates for home loan after the RBA reduction of 0.25%? Cant find any info.

      Avatarfinder Customer Care
      MarcMay 13, 2015Staff

      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.

    Default Gravatar
    brownFebruary 12, 2015

    when paying off a mortgage in full, what charges are there

      Avatarfinder Customer Care
      ShirleyFebruary 12, 2015Staff

      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

    Default Gravatar
    sharonJune 8, 2014

    retired 65 & 63- mortgage free home valuation $600000. impaired credit rating, defaults paid or being paid.
    equity release is this possible

      Avatarfinder Customer Care
      ShirleyJune 10, 2014Staff

      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

    Default Gravatar
    xaynMay 14, 2014

    HI there
    do you guys offer loan on land? will it be home loan or investment loan ?
    thanks

      Avatarfinder Customer Care
      ShirleyMay 15, 2014Staff

      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.

      You may refer to our page and compare construction home loans. Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you.

      Cheers,
      Shirley

    Default Gravatar
    JoeOctober 12, 2013

    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.

      Avatarfinder Customer Care
      MarcOctober 14, 2013Staff

      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.

    Default Gravatar
    AnnSeptember 29, 2013

    My 3 year fixed rate with you ends in March 2014. What is the going rate to refinance? At present it is an investment property, but I wish to reside in it if the price is right

      Avatarfinder Customer Care
      MarcSeptember 30, 2013Staff

      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.

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