7.7/10

Based on 6082 Bankwest product reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.

Bankwest home loans

Bankwest has been offering Australians personal and business banking services since 1895. Bankwest joined the Commonwealth Bank Group in 2008 becoming part of Australia’s largest provider of financial services.

Bankwest has a reputation for ‘making banking easier’ and has a wide range of competitive fixed, variable and package home loans to suit whatever your borrowing needs are.

If you think a Bankwest home loan could be a good choice, we’ve made things nice and simple by giving you all the information you need here on this page. You’ll find out what home loans Bankwest offers, the features you should keep an eye out for and what documents you should have at the ready to apply for a Bankwest home loan.

What home loans do Bankwest offer?

Rates and fees verified as correct at 21 June 2024. Other information correct at the time of writing. Advertiser disclosure.

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 loan terms ranging from 1 to 5 years, available on amounts starting from $20,000, and you can borrow up to 90% of the property’s value whether you're an investor or an owner occupier. While there is a monthly service fee, you’ll also be able to save on interest payments with the loan’s partial offset account which allows you to offset up to 40% of the loan amount.

Home loan repayments calculator

years

Product Fixed 3 year rate Comparison Rate Service fee Upfront fee Monthly repayments

6.49% p.a.

8.31% p.a.

$12.00 monthly

$545

6.69% p.a.

8.45% p.a.

$12.00 monthly

$545

6.89% p.a.

8.51% p.a.

$12.00 monthly

$545

7.39% p.a.

8.66% p.a.

$12.00 monthly

$545

7.19% p.a.

8.95% p.a.

$12.00 monthly

$545

6.69% p.a.

8.80% p.a.

$12.00 monthly

$545

Variable Rate Home Loans

A variable rate home loan from Bankwest is a perfect fit if you are looking for home loan flexibility. You get a range of 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. Plus there are no application or ongoing service fees, and you'll be able to borrow up to 90-95% of the property value depending on whether you go with the Mortgage Shredder or Premium Select. 

Home loan repayments calculator

years

Product Rate Comparison Rate Service fee Upfront fee Monthly repayments

6.34% p.a.

6.36% p.a.

$0.00

$250

6.54% p.a.

6.56% p.a.

$0.00

$250

7.14% p.a.

7.16% p.a.

$0.00

$250

8.77% p.a.

8.79% p.a.

$0.00

$250

6.29% p.a.

6.31% p.a.

$0.00

$250

6.49% p.a.

6.51% p.a.

$0.00

$250

6.89% p.a.

6.91% p.a.

$0.00

$250

7.89% p.a.

7.91% p.a.

$0.00

$250

6.44% p.a.

6.46% p.a.

$0.00

$250

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 up to $10,000 p.a., a 40% offset account and the ability to match your repayments to your pay cycle. 

Home loan repayments calculator

years

Product Fixed 3 year rate Comparison Rate Service fee Upfront fee Monthly repayments

6.69% p.a.

7.37% p.a.

$395.00 yearly

$250

6.29% p.a.

7.15% p.a.

$395.00 yearly

$250

6.49% p.a.

7.21% p.a.

$395.00 yearly

$250

7.19% p.a.

8.63% p.a.

$395.00 yearly

$250

6.99% p.a.

7.97% p.a.

$395.00 yearly

$250

6.49% p.a.

7.83% p.a.

$395.00 yearly

$250

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.

Home loan repayments calculator

years

Product Rate Comparison Rate Service fee Upfront fee Monthly repayments

7.14% p.a.

7.50% p.a.

$395.00 yearly

$250

8.77% p.a.

9.11% p.a.

$395.00 yearly

$250

6.99% p.a.

7.35% p.a.

$395.00 yearly

$250

7.89% p.a.

8.24% p.a.

$395.00 yearly

$250

Bankwest home loan features in a glance

Image of coins

Offset facility

Saving on your interest repayments is easy with an optional 100% offset facility that is available with Bankwest’s variable standard and package home loans, but there may be a monthly fee charged. The Fixed Rate home loan has an optional 40% offset facility.

Offset icon

Split your loan

With Bankwest’s Complete Home Loan Package, you can split your loan between a fixed and variable rate. Not only will you have the certainty of a fixed rate, but you'll also be able to access all the flexibility of a variable home loan.

Repayment Icon

Additional repayments

Want to pay your home loan off sooner and reduce the interest you’re charged over the life of the loan? Bankwest’s home loans allow borrowers to do just through additional repayments. If you have the Fixed Rate home loan you won’t miss out either because you can make up to $10,000 in extra repayments every year without penalty.

Image of coins

Accepts smaller deposits

Saved up only a small deposit? Both owner occupiers and investors can borrow up to 90-95% of their property value with Bankwest, although bear in mind you may need to pay Lenders Mortgage Insurance if you do so. 

How are Bankwest home loans rated?

Mozo users have rated Bankwest home loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

Icon of home-loans
Bankwest home loans customer reviews
Overall
7.1/10
Price
7.1/10
Features
6.6/10
Customer service
7.1/10
Convenience
7.1/10
Trust
6.9/10
Based on 1176 Bankwest product reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.

Recent Bankwest home loan reviews

Bankwest Home Loan
Overall 9/10
The Bank I Trust

All deal my with staff at BankWest are smooth, comprehensive, clear and trustworthy. Staff are extremely friendly, understanding and show compassion.

Read full review

All deal my with staff at BankWest are smooth, comprehensive, clear and trustworthy. Staff are extremely friendly, understanding and show compassion.

Price
9/10
Features
8/10
Customer service
10/10
Convenience
9/10
Trust
9/10
Less
Joyce, Western Australia, reviewed 3 months ago
Bankwest Fixed Rate Home Loan
Overall 6/10
.

They have just announced they are closing all branches

Read full review

They have just announced they are closing all branches

Price
7/10
Features
6/10
Customer service
1/10
Convenience
5/10
Trust
6/10
Less
Natasha, Western Australia, reviewed 3 months ago
Bankwest Home Loan
Overall 4/10
ok rate no thrills user interface is dated works

I have a basic home loan, it's a decent rate and no thrills. I'm happy with the product and the bank. All dealings are online and the user interface is dated but functions.

Read full review

I have a basic home loan, it's a decent rate and no thrills. I'm happy with the product and the bank. All dealings are online and the user interface is dated but functions.

Price
5/10
Features
5/10
Customer service
3/10
Convenience
5/10
Trust
4/10
Less
Gavin, Victoria, reviewed 3 months ago
Bankwest Home Loan
Overall 9/10
Bankwest review

Interest rates are not as competetive but the staff are always willing to go above any beyond to try, App features are great especially loan tracker and easy alerts.

Read full review

Interest rates are not as competetive but the staff are always willing to go above any beyond to try, App features are great especially loan tracker and easy alerts.

Price
8/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
William, Victoria, reviewed 8 months ago
Bankwest Home Loan
Overall 8/10
Easy to contact and responsive to requests

BankWest are easy to contact. Happy to assist with annual review of mortgage rate and even suggested this as a thing to do. Everything is online, so don’t expect a branch you can walk in to. You can have multiple offset accounts and there is one annual fee to have this and other services. Of all the banks I have held an account. or a mortgage, I have found BankWest, responsive, open in their communications and easy to deal with.

Read full review

BankWest are easy to contact. Happy to assist with annual review of mortgage rate and even suggested this as a thing to do. Everything is online, so don’t expect a branch you can walk in to. You can have multiple offset accounts and there is one annual fee to have this and other services. Of all the banks I have held an account. or a mortgage, I have found BankWest, responsive, open in their communications and easy to deal with.

Price
9/10
Features
7/10
Customer service
9/10
Convenience
8/10
Trust
6/10
Less
Caroline, Tasmania, reviewed 8 months ago

What do you need to apply for a Bankwest home loan?

To apply for a Bankwest home loan, you’ll need these details handy:

If you are new to Bankwest and applying for a home loan in person, you’ll need to bring along a few forms of identification such as a passport, driver’s licence and birth certificate. You'll also be able to apply online with Bankwest's electronic ID check. 

Once you’re ready for full approval, you may need to provide these documents depending on your situation:


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