Bankwest Home Loans

Rates and Fees verified correct on July 31st, 2016

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

Bankwest has over 1 million retail customers in Australia and 211 stores and business banking centres across Australia. Bankwest is a challenger bank in Australia and their award winning home loan products have very competitive interest rates in the Australian market. Check out our Bankwest home loan comparison below to find the right home loan option for first home buyers, refinancers and investors.

Bankwest home loans comparison

Rates last updated July 31st, 2016
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Loan purpose
Offset account
Loan type
Your filter criteria do not match any product
Product nameInterest Rate (p.a.) Comp Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment
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.
3.89% 4.39% $0 $395 p.a. 90% Go to site More info
4.02% 4.43% $0 $395 p.a. 80% Go to site More info
Bankwest Complete Home Loan Package Variable - LVR <80% ($500k to $750k) (Owner Occupier)
Keep your LVR under 80% and receive this competitive rate.
4.02% 4.43% $0 $395 p.a. 80% Go to site More info
Bankwest Complete Home Loan Package Variable - LVR <80% ($750k to $1M) (Owner Occupier)
Pay no application fee with an offset account and redraw facility.
4.02% 4.43% $0 $395 p.a. 80% Go to site 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% 4.45% $0 $395 p.a. 90% Go to site More info
Bankwest Complete Home Loan Package Variable - LVR <80% ($1M to $1.5M) (Owner Occupier)
Enjoy package benefits and a competitive rate when you have a low LVR.
4.02% 4.43% $0 $395 p.a. 80% Go to site More info
Bankwest Complete Home Loan Package Variable - LVR <80% ($1.5M +) (Owner Occupier)
Package all your banking needs with a competitive variable home loan.
4.02% 4.43% $0 $395 p.a. 80% Go to site 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.
4.45% 4.60% $0 $395 p.a. 90% Go to site More info
3.99% 4.42% $0 $395 p.a. 90% Go to site 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% Go to site More info
4.02% 4.43% $0 $395 p.a. 90% Go to site More info
4.02% 4.43% $0 $395 p.a. 90% Go to site More info
4.02% 4.43% $0 $395 p.a. 90% Go to site More info
4.02% 4.43% $0 $395 p.a. 90% Go to site More info
4.02% 4.43% $0 $395 p.a. 90% Go to site 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.
3.99% 5.11% $295 $12 monthly ($144 p.a.) 90% More info
Bankwest Premium Select Home Loan - $20k to $500k (LVR 80% to 90%) (Owner Occupier)
A low interest home loan with no application or ongoing fees and an offset account.
4.24% 4.25% $0 $0 p.a. 95% More info
5.45% 5.50% $695 $0 p.a. 95% 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.
4.09% 5.24% $295 $12 monthly ($144 p.a.) 90% More info
4.57% $0 $395 p.a. 90% More info
4.95% 4.98% $295 $0 p.a. 95% 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.
4.52% $0 $395 p.a. 90% More info
4.12% 4.13% $0 $0 p.a. 80% More info
4.47% $0 $395 p.a. 90% More info
6.30% 6.34% $695 $0 p.a. 25% More info
Rates last updated July 31st, 2016
$
Loan purpose
Offset account
Loan type
Your filter criteria do not match any product
Product nameInterest Rate (p.a.) Comp Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment
Bankwest Complete Home Loan Package Fixed - 3 Year Fixed Rate LVR <90% (Investors)
Invest in your dream property with a secure fixed rate and 40% offset account.
3.99% 4.79% $0 $395 p.a. 90% More info
Bankwest Complete Home Loan Package Fixed - 5 Year Fixed Rate LVR <90% (Investors)
Package all your financial needs with this 5 year fixed rate package home loan for investors.
4.59% 4.96% $0 $395 p.a. 90% More info
Bankwest Complete Home Loan Package Fixed - 4 Year Fixed Rate LVR <90% (Investors)
Flexible repayment options and 40% offset with a 4 year fixed rate.
4.49% 4.92% $0 $395 p.a. 90% More info
Bankwest Complete Home Loan Package Fixed - 1 Year Fixed Rate LVR <90% (Investors)
Enjoy the security of 1 year fixed rate investment home loan.
4.59% 4.94% $0 $395 p.a. 90% More info
Bankwest Complete Home Loan Package Fixed - 2 Year Fixed Rate LVR <90% (Investors)
Fix the rate on your investment property for 2 years with this competitive home loan package.
4.49% 4.93% $0 $395 p.a. 90% More info
5.27% 5.30% $295 $0 p.a. 90% More info
4.49% 4.89% $0 $395 p.a. 90% More info
4.49% 4.89% $0 $395 p.a. 90% More info
4.49% 4.89% $0 $395 p.a. 90% More info
4.49% 4.89% $0 $395 p.a. 90% More info
4.54% 4.94% $0 $395 p.a. 90% More info
5.77% 5.82% $695 $0 p.a. 90% More info
4.79% 5.42% $295 $12 monthly ($144 p.a.) 90% More info
4.69% 5.45% $295 $12 monthly ($144 p.a.) 90% More info
4.79% 5.71% $295 $12 monthly ($144 p.a.) 90% More info
4.09% 5.36% $295 $12 monthly ($144 p.a.) 90% More info
4.69% 5.61% $295 $12 monthly ($144 p.a.) 90% More info

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:

    • A variable interest rate. 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 choose from a range of variable rate loans from Bankwest including taking advantage of low introductory rates, discounted for the first year of your loan to help you ease into being a mortgage holder, and settle into your home.

The Premium Select Home Loan

    • A fixed interest loan. 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 be willing to trade off for a slightly higher interest rate with a Bankwest fixed interest rate loan. Plus you can reduce your repayments anyway 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 enjoy your retirement thanks to the hard work you have put into repaying your home loan.

The Complete Equity Home Loan

    • First home buyer loans. Bankwest are also able to offer support for first home buyers who may not have the required documentation, may need a discount in the first year of their loan, or an ongoing discount to maintain their lifestyle.

The Super Start Home Loan

  • Investment loans. Bankwest offers you more than just the choice of interest-only repayments as an investor and can offer you a complimentary credit card to help you manage your expenses, 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

Bankwest work hard to offer you more than the other banks, for example, 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, rather than a 10% deposit.

You can also choose to be rewarded in a way which suits you, whether you want to enjoy 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.

With so many choices from just one bank you may be feeling a bit overwhelmed. Therefore, read our reviews for more information about each Bankwest product.

The Bankwest website also includes a number of online tools and calculators to get you started on your journey to owning a home. You can also use our calculators to get an idea of how much you could borrow and what your repayments would be.

About Home Loan Calculators

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Calculate your repayments by filling in some of your details

How to apply for a Bankwest home loan

If you are looking for a Bankwest home loan there are many different ways to apply for them. Here's some information about Bankwest home loan applications:

Conditional approval in 15 minutes

One of the great features of a Bankwest home loan application is that if you call and request a visit by a Bankwest lending specialist, they can give you conditional approval for a home loan within 15 minutes. While the conditional approval on the home loan is subject to approval you will be able 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. By filling out an online application the information will be passed to the Bankwest staff and your loan application will be dealt with efficiently.

In person application

If you prefer the personal touch then you may want to apply for a Bankwest home loan in person at one of the branches. If you do go into a branch then you should bring in your two latest payslips and a group certificate or a tax return. Furthermore, Bankwest need to prove that you are who you say you are so bring in some identification.

Apply over the phone

If you would still like that personal touch but are too busy to come into a store then you can ring Bankwest. By ringing them you will be able to talk to a staff member who will detail the application process for you. If you are going to call to do your application then you should do so within the office hours.

If you are looking to get a home loan then Bankwest may have the home loan for you. To apply for a Bankwest home loan there will be many ways you can do so. If you are confident with what you are doing then apply online. If you need someone to guide you through the application process then either drop into a branch or call and they will be able to help you.

Refinance with Bankwest

When you're paying off a home loan there are many things that you should be doing to ensure that you are always able to make the repayments and pay off the loan as fast as possible. One thing that you should definitely be doing is reviewing your loan to see if there are any better deals available to you. If you find that there are better deals available then you should consider refinancing your loan to save money. If you are thinking of refinancing a home loan you should look at Bankwest and their award winning range of loans.

What home loan is right for you?

If you're looking at refinancing your home loan then you'll have to find the right loan. However, the right loan will often depend on what your personal circumstances are: If you're looking for another home loan then you may want to look at the benefits of:

  • Fixed interest rates. Fixed rate loans are a range of loans offered by Bankwest. A fixed rate loan is a home loan where the interest rate will be locked in for a period of time. However, a fixed rate loan may cost you more money if the rates don’t rise and they offer less flexibility when compared to the other loans.
  • Variable. Variable rate loans are some of the more popular loans. Variable rate loans are very flexible as they allow you to make additional repayments and will often come with additional features. However, if the interest rates rise then you'll have to make larger repayments.

How easy is it to refinance?

It's very easy to refinance with Bankwest as they will help you do it. If you are looking to refinance you will be either:

  • Switching from another lender. If you're switching from another lender to a loan offered by Bankwest then you should know it's much easier then you think. If you ring up Bankwest then they will describe the process that you will have to undergo to refinance. They will also inform you about all the additional costs of refinancing that you will have to pay and may not know about.
  • Already with Bankwest. If you're already with Bankwest then the process of refinancing will be a lot easier. If you contact the lenders they'll be able to advise you on what you should do to save more money and refinance.

If you're looking to refinance then you should look at refinancing with Bankwest as they have a range of award winning loans that will help you save money. If you're looking to refinance with Bankwest then you'll need to find out what type of loan you suits you. After you've identified what loan you would like then you should talk to their lenders and find out how to go about refinancing.

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This page was last modified on 10 June 2016 at 11:40.

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14 Responses to Bankwest Home Loans

  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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