Rates and fees verified as correct at 22 September, 2017. Other information correct at the time of writing.
What home loans do Bankwest offer?
Fixed Rate Home Loans Fixed Rate Home Loans
If knowing exactly what your loan repayments will be is important to you, Bankwest’s Fixed Rate Loan is definitely something to consider. You have a choice of terms to choose from 1 year to a period of 5 years. It is available for loans starting from $20,000 and if you’re an owner occupier you can borrow up to 90% of the property’s value (up to 80% LVR for investors). With the Fixed Rate Loan you can make extra repayments up to $10,000 a year and there is a redraw facility should you need to free up funds at a later date but you’ll be charged an access fee. While there is a monthly service fee, you’ll also be able to save a bit on interest repayments with the loan’s optional offset facility which allows you to offset up to 40% of the loan amount.
| Product | Fixed 3 year rate | Comparison Rate* | Service fee | Upfront fee | Monthly repayments ‡ |
|---|---|---|---|---|---|
| 4.58% p.a. | 5.99% p.a. | $12.00 monthly | $295 | ||
| 4.58% p.a. | 5.73% p.a. | $12.00 monthly | $295 | ||
| 4.38% p.a. | 5.55% p.a. | $12.00 monthly | $295 | ||
| 4.38% p.a. | 5.21% p.a. | $12.00 monthly | $295 |
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Variable Rate Home Loans Variable Rate Home Loans
Bankwest caters to all borrowing needs with its variable home loan options from first time buyers with the SuperStart home loan, the internet savvy with the Online Home Loan through to investors with the Premium Select option. A variable rate home loan from Bankwest is a perfect fit if you are looking for home loan flexibility. You get competitive interest rates, money saving features like an offset account (monthly fee applies) and the ability to make free extra repayments and a choice of weekly, fortnightly or monthly repayments.
| Product | Rate | Comparison Rate* | Service fee | Upfront fee | Monthly repayments ‡ | |
|---|---|---|---|---|---|---|
| 4.88% p.a.variable for 36 months and then 5.07% p.a. | 5.04% p.a. | $0.00 | $250 | |||
| 3.72% p.a.variable for 36 months and then 4.32% p.a. | 4.19% p.a. | $0.00 | $250 | Go to site | ||
| 6.32% p.a. | 6.37% p.a. | $0.00 | $695 | |||
| 6.07% p.a. | 6.09% p.a. | $0.00 | $695 | |||
| 5.77% p.a. | 5.82% p.a. | $0.00 | $695 | |||
| 5.42% p.a. | 5.44% p.a. | $0.00 | $695 | |||
| 4.69% p.a. | 4.71% p.a. | $0.00 | $0 | |||
| 4.09% p.a. | 4.11% p.a. | $0.00 | $0 | |||
| 4.94% p.a. | 4.96% p.a. | $0.00 | $0 | |||
| 4.69% p.a. | 4.71% p.a. | $0.00 | $0 | |||
| 4.44% p.a. | 4.46% p.a. | $0.00 | $0 | |||
| 4.09% p.a. | 4.11% p.a. | $0.00 | $0 |
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Fixed Package Home Loan Fixed Package Home Loan
The Complete Home Loan Package from Bankwest is a great choice if your loan is $200,000 or more and you love the idea of saving money by combining your accounts. With Bankwest’s package you’ll receive a discounted home loan interest rate, plus several fees on your home loan (i.e. application, property valuation) and the annual fee on your rewards credit card will be automatically waived. There is an annual package fee on the fixed rate option, but you’ll have a complete range of money savvy features at your fingertips including additional repayment flexibility, a 40% offset account and the choice of interest based repayments.
| Product | Fixed 3 year rate | Comparison Rate* | Service fee | Upfront fee | Monthly repayments ‡ | |
|---|---|---|---|---|---|---|
| 4.28% p.a. | 4.92% p.a. | $395.00 yearly | $250 | |||
| 4.28% p.a. | 4.92% p.a. | $395.00 yearly | $250 | |||
| 3.98% p.a. | 4.41% p.a. | $395.00 yearly | $250 | |
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Variable Package Home Loan Variable Package Home Loan
You might also opt for a variable rate Complete Home Loan Package from Bankwest if you’re borrowing more than $200,000 and want to combine your accounts to save some cash. The variable option comes with all the benefits of the fixed, plus a fee free redraw facility and an optional 100% offset account, which means any money in the account will be offset daily against your home loan principal to reduce the amount of interest you are charged.
| Product | Rate | Comparison Rate* | Service fee | Upfront fee | Monthly repayments ‡ |
|---|---|---|---|---|---|
| 4.59% p.a. | 5.00% p.a. | $395.00 yearly | $250 | ||
| 4.53% p.a. | 4.94% p.a. | $395.00 yearly | $250 | ||
| 4.84% p.a. | 5.21% p.a. | $395.00 yearly | $250 | ||
| 4.59% p.a. | 5.00% p.a. | $395.00 yearly | $250 | ||
| 4.34% p.a. | 4.72% p.a. | $395.00 yearly | $250 | ||
| 3.99% p.a. | 4.41% p.a. | $395.00 yearly | $250 |
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Line of Credit Line of Credit
| Product | Rate | Comparison Rate* | Service fee | Upfront fee |
|---|---|---|---|---|
| 5.40% p.a. | n/a | $325.00 yearly | $250 | |
| 5.40% p.a. | n/a | $325.00 yearly | $250 |
