Bankwest offers a range of home loans that suit the first home buyer, investor or refinancer.
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.
Bankwest's lowest rate for...
- Home buyers. The Bankwest Complete Home Loan Package Variable - 200k to 499k LVR < 80% has a 3.68% p.a. interest rate and lets you borrow up to 80%.
- Investors. The Bankwest Complete Home Loan Package Fixed - 2 Year Fixed Rate LVR < 90% has a 3.88% p.a. interest rate and lets you borrow up to 90%.
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.
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.
| Feature | Details |
|---|---|
| Deposit size | Most Bankwest home loans are available with a 10% deposit (90% max insured LVR). Some of their most competitive rates require a 20% deposit. |
| Offset account | The Bankwest Complete Home Loan Package Variable comes with a 100% offset account. |
| Redraw facility | Most Bankwest products offer fee-free redraw facility. |
| Package benefits | The 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?
- Big Four banks. Check out home loan rates from Australia's Big Four banks.
- Online lenders. Compare more mortgages from online lenders.
- Non-bank lenders. Compare loans from non-bank lenders.
- Mortgage brokers. Find out how to get free, expert guidance from a mortgage broker.
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 refinance? 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.