Bankwest logo

Bankwest Complete Variable Home Loan (Package)

Advertiser disclosure

The details shown below are for an owner occupier taking out a principal & interest loan of at least $200,000 with an LVR below 80%

The details shown below are for an owner occupier taking out a principal & interest loan of at least $200,000 with an LVR below 90%

The details shown below are for an owner occupier taking out a principal & interest loan of at least $200,000 with an LVR below 95%

The details shown below are for an owner occupier taking out a interest only loan of at least $200,000 with an LVR below 80%

The details shown below are for an investor taking out a principal & interest loan of at least $200,000 with an LVR below 80%

The details shown below are for an investor taking out a principal & interest loan of at least $200,000 with an LVR below 90%

The details shown below are for an investor taking out a interest only loan of at least $200,000 with an LVR below 90%

The details shown below are for an investor taking out a interest only loan of at least $200,000 with an LVR below 80%

Choose the version of this loan that suits you best

  • Owner Occupier (Principal & Interest)

    LVR < 80%

    Loan: $200,000

  • Owner Occupier (Principal & Interest)

    LVR < 90%

    Loan: $200,000

  • Owner Occupier (Principal & Interest)

    LVR 90%-95%

    Loan: $200,000

  • Owner Occupier (Interest Only)

    LVR < 80%

    Loan: $200,000

  • Investor (Principal & Interest)

    LVR < 80%

    Loan: $200,000

  • Investor (Principal & Interest)

    LVR 80%-90%

    Loan: $200,000

  • Investor (Interest Only)

    LVR 80%-90%

    Loan: $200,000

  • Investor (Interest Only)

    LVR < 80%

    Loan: $200,000

Rate
2.49% p.a.
Comparison Rate
2.95% p.a.
Service fee
$395.00 yearly
Upfront fee
$250
Rate
2.99% p.a.
Comparison Rate
3.44% p.a.
Service fee
$395.00 yearly
Upfront fee
$250
Rate
2.99% p.a.
Comparison Rate
3.43% p.a.
Service fee
$395.00 yearly
Upfront fee
$250
Rate
3.67% p.a.
Comparison Rate
4.09% p.a.
Service fee
$395.00 yearly
Upfront fee
$250
Rate
3.92% p.a.
Comparison Rate
4.34% p.a.
Service fee
$395.00 yearly
Upfront fee
$250
Rate
3.92% p.a.
Comparison Rate
4.34% p.a.
Service fee
$395.00 yearly
Upfront fee
$250
Rate
4.05% p.a.
Comparison Rate
4.47% p.a.
Service fee
$395.00 yearly
Upfront fee
$250
Rate
4.05% p.a.
Comparison Rate
4.47% p.a.
Service fee
$395.00 yearly
Upfront fee
$250

Mozo editorial review Bankwest Complete Variable Home Loan (Package) - last updated: 16 September 2021

binocular icon
What's hot
  • Extra repayments and redraw facility
  • Multiple offset accounts
  • $2,000 cashback deal (conditions apply)
What's not
  • $395 annual service fee
Mozo snapshot

As the name implies, Bankwest’s Complete Variable Home Loan (Package) is an offer with the works. Borrowers will be able to make use of handy features like an offset account, extra repayments and a redraw facility, as well as special offers on a number of eligible Bankwest credit cards. 

key icon
Key features

The Complete Variable Home Loan (Package) is available to owner occupiers and investors who are looking to take out a mortgage of at least $200,000, with both principal and interest and interest-only repayment options on offer.

Variable rates on the loan vary depending on the type of borrower you are and your loan-to-value ratio (LVR), but the lowest currently available for owner occupiers is 2.49% (2.95% comparison rate*) while the lowest for investors is 3.92% (4.35% comparison rate*). 

How about features? Well, borrowers will be able to open and split their money between up to nine offset accounts if they’re looking to reduce the loan amount they’re paying interest on. Extra repayments are also available, as are redraws, though there is a $1,000 minimum if you choose not to redraw online. 

Now this is a package loan, which means customers will also be able to take advantage of deals on other Bankwest products including an annual fee waiver on either a Breeze Mastercard, More Mastercard or Qantas Platinum Mastercard. Just bear in mind that there is a $395 annual service fee with the loan, plus a one-off $250 settlement fee and a $338.20 discharge fee. 

And for a limited time refinancers will be able to score $2,000 cashback on loans of $250,000 or more (<80% LVR). Applications will need to be approved by 25 February, 2022 and funded by 30 April, 2022

snapshot
Who is it good for

With its range of features and extra perks, the Bankwest Complete Variable Home Loan (Package) could be a loan to consider for mortgage holders looking to bundle multiple products with Bankwest.

question icon
Any catches

The Complete Variable Home Loan (Package) doesn’t have the lowest variable rates in the Mozo database right at the moment, so if you’re looking for a sharper rate you may want to compare other variable rate home loans. 

Details

Rates and fees information correct as at 8 December 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

2.49% p.a.

n/a

n/a

n/a

2.95% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$0.00

$0.00

$250.00

n/a

$395.00 yearly

$338.20

Other financial bits

$200,000

none

none

80.00%

Features

Owner Occupier

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

none

yes - free

$0.00

yes

yes

Minimum redraw amount is $1,000 if not done online and attracts $10 fee for each redraw request.

Bankwest Qantas and More Mastercard (Classic and Platinum tiers only) available with $0 annual fee.

none

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 8 December 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

2.99% p.a.

n/a

n/a

n/a

3.44% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$0.00

$0.00

$250.00

n/a

$395.00 yearly

$338.20

Other financial bits

$200,000

none

none

90.00%

Features

Owner Occupier

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

none

yes - free

$0.00

yes

yes

Minimum redraw amount is $1,000 if not done online and attracts $10 fee for each redraw request.

Bankwest Qantas and More Mastercard (Classic and Platinum tiers only) available with $0 annual fee.

Receive $2,000 cashback for refinances of $250,000 or more, with LVR <80%, for applications approved by 25 February 2022, funded by 30 April 2022, excluding refinances from Bankwest or Commonwealth Bank.

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 8 December 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

2.99% p.a.

n/a

n/a

n/a

3.43% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$0.00

$0.00

$250.00

n/a

$395.00 yearly

$338.20

Other financial bits

$200,000

none

90.00%

95.00%

Features

Owner Occupier

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

none

yes - free

$0.00

yes

yes

Minimum redraw amount is $1,000 if not done online and attracts $10 fee for each redraw request.

Bankwest Qantas and More Mastercard (Classic and Platinum tiers only) available with $0 annual fee.

Receive $2,000 cashback for refinances of $250,000 or more, with LVR <80%, for applications approved by 25 February 2022, funded by 30 April 2022, excluding refinances from Bankwest or Commonwealth Bank.

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 8 December 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

3.67% p.a.

n/a

n/a

n/a

4.09% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$0.00

$0.00

$250.00

n/a

$395.00 yearly

$338.20

Other financial bits

$200,000

none

none

80.00%

Features

Owner Occupier

Interest Only

Monthly

yes - free

none

yes - free

$0.00

yes

yes

Minimum redraw amount is $1,000 if not done online and attracts $10 fee for each redraw request.

Bankwest Qantas and More Mastercard (Classic and Platinum tiers only) available with $0 annual fee.

Receive $2,000 cashback for refinances of $250,000 or more, with LVR <80%, for applications approved by 25 February 2022, funded by 30 April 2022, excluding refinances from Bankwest or Commonwealth Bank.

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 8 December 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

3.92% p.a.

n/a

n/a

n/a

4.34% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$0.00

$0.00

$250.00

n/a

$395.00 yearly

$338.20

Other financial bits

$200,000

none

none

80.00%

Features

Investor

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

none

yes - free

$0.00

yes

yes

Minimum redraw amount is $1,000 if not done online and attracts $10 fee for each redraw request.

Bankwest Qantas and More Mastercard (Classic and Platinum tiers only) available with $0 annual fee.

Receive $2,000 cashback for refinances of $250,000 or more, with LVR <80%, for applications approved by 25 February 2022, funded by 30 April 2022, excluding refinances from Bankwest or Commonwealth Bank.

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 8 December 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

3.92% p.a.

n/a

n/a

n/a

4.34% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$0.00

$0.00

$250.00

n/a

$395.00 yearly

$338.20

Other financial bits

$200,000

none

80.00%

90.00%

Features

Investor

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

none

yes - free

$0.00

yes

yes

Minimum redraw amount is $1,000 if not done online and attracts $10 fee for each redraw request.

Bankwest Qantas and More Mastercard (Classic and Platinum tiers only) available with $0 annual fee.

Receive $2,000 cashback for refinances of $250,000 or more, with LVR <80%, for applications approved by 25 February 2022, funded by 30 April 2022, excluding refinances from Bankwest or Commonwealth Bank.

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 8 December 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

4.05% p.a.

n/a

n/a

n/a

4.47% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$0.00

$0.00

$250.00

n/a

$395.00 yearly

$338.20

Other financial bits

$200,000

none

80.00%

90.00%

Features

Investor

Interest Only

Weekly, Fortnightly, Monthly

yes - free

none

yes - free

$0.00

yes

yes

Minimum redraw amount is $1,000 if not done online and attracts $10 fee for each redraw request.

Bankwest Qantas and More Mastercard (Classic and Platinum tiers only) available with $0 annual fee.

Receive $2,000 cashback for refinances of $250,000 or more, with LVR <80%, for applications approved by 25 February 2022, funded by 30 April 2022, excluding refinances from Bankwest or Commonwealth Bank.

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 8 December 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

4.05% p.a.

n/a

n/a

n/a

4.47% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$0.00

$0.00

$250.00

n/a

$395.00 yearly

$338.20

Other financial bits

$200,000

none

none

80.00%

Features

Investor

Interest Only

Monthly

yes - free

none

yes - free

$0.00

yes

yes

Minimum redraw amount is $1,000 if not done online and attracts $10 fee for each redraw request.

Bankwest Qantas and More Mastercard (Classic and Platinum tiers only) available with $0 annual fee.

Receive $2,000 cashback for refinances of $250,000 or more, with LVR <80%, for applications approved by 25 February 2022, funded by 30 April 2022, excluding refinances from Bankwest or Commonwealth Bank.

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Customer Reviews

How are Bankwest home loans rated by the Mozo community?

Overall
Price
Features
Customer service
Convenience
Trust

Latest reviews of Bankwest Complete Variable Home Loan (Package)

About Bankwest

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.