Bankwest Home Loans Rates & Fees Comparison

Rates and fees last updated on

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 changes to investment loans

Please note that Bankwest is now accepting standalone refinances for principal and investment loans from non-Bankwest customers.

For other terms and conditions please visit the Bankwest website for more details.

Bankwest home loans comparison

Rates last updated June 24th, 2017
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Interest Rate (p.a.) Comp Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment
3.94% 4.41% $0 $395 p.a. 90% More info
3.92% 4.35% $0 $395 p.a. 90% More info
Bankwest Equaliser Home Loan - $200k+ LVR ≤80% (Owner Occupier, new customers only)
Enjoy a variable 3 year introductory rate with Bankwest Equaliser Home Loan.
3.79% 4.20% $0 $0 p.a. 80% More info
Bankwest Complete Home Loan Package Variable - LVR <=90% (Owner Occupier, P&I)
A low variable rate for Owner Occupier with 100% offset account and borrow up to 90% LVR.
3.99% 4.41% $0 $395 p.a. 90% More info
Bankwest Complete Home Loan Package Fixed - 5 Year Fixed Rate LVR <90% (Owner Occupier)
Get the security of knowing your repayments with this 5 year fixed rate package home loan.
4.39% 4.58% $0 $395 p.a. 90% More info
Bankwest Complete Home Loan Package Variable - LVR 90.01% to 95% (Owner Occupier, P&I)
A great package with no application fee and a maximum LVR of 95%.
4.53% 4.94% $0 $395 p.a. 95% More info
Bankwest Complete Home Loan Package Fixed - 3 Year Fixed Rate LVR <90% (Owner Occupier)
Take advantage of a low 3 year fixed rate, 40% offset account and no application fee.
3.78% 4.36% $0 $395 p.a. 90% More info
Bankwest Complete Home Loan Package Fixed - 1 Year Fixed Rate LVR <90% (Owner Occupier)
Fix your home loan for just 1 year with this competitive rate.
4.21% 4.44% $0 $395 p.a. 90% More info
Bankwest Complete Home Loan Package Fixed - 4 Year Fixed Rate LVR <90% (Owner Occupier)
Enjoy a 4 year fixed rate and flexible repayment options.
4.35% 4.54% $0 $395 p.a. 90% More info
Bankwest Fixed Rate Home Loan - 3 Year Fixed Rate (Owner Occupiers)
Fix your home loan for 3 years and be able to work out your budget knowing your loan repayments.
4.38% 5.21% $295 $12 monthly ($144 p.a.) 90% More info
Bankwest Premium Select Home Loan - $20k+ (LVR 80% to 90%) (Owner Occupier, P&I)
A low interest home loan with no application or ongoing fees and an offset account.
4.21% 4.23% $0 $0 p.a. 90% More info
Bankwest Fixed Rate Home Loan - 2 Year Fixed Rate (Owner Occupiers)
Lock in a fixed rate for 2 years with a partial offset account.
4.39% 5.29% $295 $12 monthly ($144 p.a.) 90% More info
4.84% $0 $395 p.a. 90% More info
Bankwest Complete Home Loan Package Equity - $500k to $750k
All the benefits of Bankwest's Complete Package Home Loan with a line of credit.
4.84% $0 $395 p.a. 80% More info
Bankwest Premium Select Home Loan - $20k+ (Up to 80% LVR) (Owner Occupier, P&I)
A low interest rate home loan with a lifetime discount offer.
4.09% 4.11% $0 $0 p.a. 80% More info
4.84% $0 $395 p.a. 80% More info
Bankwest Seniors Equity Release Home Loan - Variable Rate
Borrow up to 25% of your home value.
6.27% 6.30% $695 $0 p.a. 25% More info

Quick compare Bankwest's home loan rates

Loan Interest Rate (p.a.) Comparison Rate (p.a.)
Bankwest Complete Home Loan Package Fixed - 2 Year Fixed Rate LVR <90% (Owner Occupier) 3.94% 4.41%
Bankwest Complete Home Loan Package Variable - New Lending Special LVR <=90% ($200k+ Owner Occupier, P&I) 3.92% 4.35%
Bankwest Equaliser Home Loan - $200k+ LVR ≤80% (Owner Occupier, new customers only) 3.79% 4.20%
Bankwest Complete Home Loan Package Variable - LVR <=90% (Owner Occupier, P&I) 3.99% 4.41%

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. 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.

The Premium Select Home Loan

    • 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.

The Fixed Rate Home Loan

    • 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.

The Complete Equity Home Loan

    • 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

Get an idea of 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.

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This page was last modified on 16 June 2017 at 10:48am.

Bank of Queensland Fixed Rate Home Loan - 3 Year Fixed Rate Discount Rate $150k+ <80% LVR (Owner Occupier, P&I)

Special offer for new lending of $150k or more & under 80% LVR, this offer has been extended.

Bank Australia Basic Home Loan - Variable (Owner Occupier)

A competitive variable rate that allows borrowers to borrow a minimum of $100,000 with a $0 ongoing fee.

NAB Choice Package Home Loan - 2 Year Fixed (Owner Occupier P&I)

A fixed rate package loan with flexible repayments options. 350K NAB Rewards Points offer available. Terms and conditions apply.

Greater Bank Ultimate Home Loan - Discounted 1 Year Fixed LVR ≤85% ($150K+ Owner Occupier)

Discount off an already competitive interest rate for loans over $150k. NSW, QLD and ACT residents only.

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14 Responses to Bankwest Home Loans Rates & Fees Comparison

  1. Default Gravatar
    Pidge | May 26, 2015

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

    • Staff
      Marc | May 29, 2015

      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.

  2. Default Gravatar
    Alam | May 12, 2015

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

    • Staff
      Marc | May 13, 2015

      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.

  3. Default Gravatar
    brown | February 12, 2015

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

    • Staff
      Shirley | February 12, 2015

      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

  4. Default Gravatar
    sharon | June 8, 2014

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

    • Staff
      Shirley | June 10, 2014

      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

  5. Default Gravatar
    xayn | May 14, 2014

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

    • Staff
      Shirley | May 15, 2014

      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

  6. Default Gravatar
    Joe | October 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.

    • Staff
      Marc | October 14, 2013

      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.

  7. Default Gravatar
    Ann | September 29, 2013

    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

    • Staff
      Marc | September 30, 2013

      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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