The details shown below are for an owner occupier taking out a principal & interest loan of at least $20,000 with an LVR below 90%
The details shown below are for an owner occupier taking out a interest only loan of at least $20,000 with an LVR below 80%
The details shown below are for an investor taking out a principal & interest loan of at least $20,000 with an LVR below 90%
The details shown below are for an investor taking out a interest only loan of at least $20,000 with an LVR below 80%
Choose the version of this loan that suits you best
| Availability | Loan type | LVR | Min loan amount | Max loan amount | |
|---|---|---|---|---|---|
| | Owner Occupier | Principal & Interest | < 90% | $20,000 | |
| | Owner Occupier | Interest Only | < 80% | $20,000 | |
| | Investor | Principal & Interest | < 90% | $20,000 | |
| | Investor | Interest Only | < 80% | $20,000 |
Owner Occupier (Principal & Interest)
LVR < 90%
Loan: $20,000
Owner Occupier (Interest Only)
LVR < 80%
Loan: $20,000
Investor (Principal & Interest)
LVR < 90%
Loan: $20,000
Investor (Interest Only)
LVR < 80%
Loan: $20,000
With its competitive rates and top features like the offset facility which helps you to reduce your interest, no maximum loan amount and the ability to borrow up to 90% of the property value, the Bankwest Fixed Rate Home Loan is a great home loan choice for investors and owner occupiers alike, including first time buyers. The loan is available from 1 - 5 year fixed terms with Bankwest's lowest rate available for the 2 year fixed term at 2.44% p.a. (4.39% comparison rate*) for owner occupiers and 2.39% for investors (5.09% comparison rate*).
The Bankwest fixed rate home loan is available for loans of $20,000 or more. You can choose the fixed term that suits you from 1 up to 5 years and for a limited time the application fee is only $295 reduced from $695. There is also a $12 monthly maintenance fee.
One of the best features of the Bankwest Fixed Rate Loan is its optional offset facility which allows you to save on interest repayments via the Offset Transaction Account attached to your home loan. With the Fixed Rate Home Loan you can offset up to 40% of the loan amount and also make up to $10,000 in extra repayments per annum.
Good news is that you can time repayments to work with your pay cycle as you can choose between weekly, fortnightly and monthly repayments. Though if you take up the interest only option you’ll need to pay monthly.
Anyone who wants the certainty of knowing what their monthly repayments will be for a set period.
Be sure to mark in your calendar the end date of the fixed term as the Fixed Rate Home Loan reverts to the 4.75% variable rate for owner occupiers. Rather than rolling onto the standard revert rate, switch to a new fixed rate term or opt for one of Bankwest’s more competitive variable rate loans at the end of the fixed term.
n/a
n/a
n/a
n/a
3.09% (4.77%*)
2.44% (4.39%*)
2.53% (4.24%*)
3.49% (4.50%*)
3.29% (4.34%*)
n/a
n/a
4.75% p.a.
$295.00
$0.00
$0.00
$250.00
n/a
$12.00 monthly
$338.20
$20,000
none
none
90.00%
Weekly, Fortnightly, Monthly
yes - free up to $10,000 a year
none
yes - free
$1,000.00
yes
yes - partial only
Free extra repayments up to $10,000 per year. Offset facility is 40% only.
Monthly service fee only applies for the fixed period of the loan.
none
n/a
n/a
n/a
n/a
3.79% (5.15%*)
3.79% (5.04%*)
3.59% (4.88%*)
3.99% (4.90%*)
3.99% (4.82%*)
n/a
n/a
5.10% p.a.
$295.00
$0.00
$0.00
$250.00
n/a
$12.00 monthly
$338.20
$20,000
none
none
80.00%
Monthly
yes - free up to $10,000 a year
none
yes - free
$1,000.00
yes
yes - partial only
Free extra repayments up to $10,000 per year. Offset facility is 40% only.
Monthly service fee only applies for the fixed period of the loan.
none
n/a
n/a
n/a
n/a
3.39% (5.38%*)
3.39% (5.09%*)
2.69% (4.75%*)
3.79% (5.02%*)
3.49% (4.79%*)
n/a
n/a
5.40% p.a.
$295.00
$0.00
$0.00
$250.00
n/a
$12.00 monthly
$338.20
$20,000
none
none
90.00%
Weekly, Fortnightly, Monthly
yes - free up to $10,000 a year
none
yes - free
$1,000.00
yes
yes - partial only
Free extra repayments up to $10,000 per year. Offset facility is 40% only.
Monthly service fee only applies for the fixed period of the loan.
none
n/a
n/a
n/a
n/a
3.69% (5.53%*)
3.69% (5.36%*)
3.19% (5.08%*)
3.99% (5.17%*)
3.89% (5.02%*)
n/a
n/a
5.53% p.a.
$295.00
$0.00
$0.00
$250.00
n/a
$12.00 monthly
$338.20
$20,000
none
none
80.00%
Monthly
yes - free up to $10,000 a year
none
yes - free
$1,000.00
yes
yes - partial only
Free extra repayments up to $10,000 per year. Offset facility is 40% only.
Monthly service fee only applies for the fixed period of the loan.
none
Bankwest is the worst bank I have ever been and dealt with. I have a home and investment property. Since I've been with Bankwest I have had nothing but problems. I'm now considering selling the investment property just to get away from this bank, I've looked into breaking the loan but the break costs are ridiculous at a cost of $15,000 to get out of my loans. Honestly stay away from Bankwest
Read full reviewBankwest is the worst bank I have ever been and dealt with. I have a home and investment property. Since I've been with Bankwest I have had nothing but problems. I'm now considering selling the investment property just to get away from this bank, I've looked into breaking the loan but the break costs are ridiculous at a cost of $15,000 to get out of my loans. Honestly stay away from Bankwest
Great and easy to deal with. Never a hassle banking with Bankwest.
Read full reviewGreat and easy to deal with. Never a hassle banking with Bankwest.
The home loan is ok, however they don't have many branches.
Read full reviewThe home loan is ok, however they don't have many branches.
I like this bank because they are friendly and understanding. One of the only banks to give us a go with a home loan.
Read full reviewI like this bank because they are friendly and understanding. One of the only banks to give us a go with a home loan.
We tried 4 different banks before Bankwest gave us a shot. We are reliable and all it took was them to give us a chance.
Read full reviewWe tried 4 different banks before Bankwest gave us a shot. We are reliable and all it took was them to give us a chance.
Bankwest is all about making your finances simple. Originally from Western Australia, Bankwest has attracted thousands of customers around the country with its competitively priced products such as the Hero Saver. In late 2008 the bank was bought by the Commonwealth Bank, which has promised to retain the Bankwest brand. So if you like the sound of simple banking, check out Bankwest's range of personal banking products including savings accounts, bank accounts, credit cards, home loans and more.
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