Bankwest Fixed Rate Home Loan
This product is available in different versions. Pick the right version for you here.
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
4.13% p.a.
4.84% p.a.
$12.00 monthly
Bankwest Fixed Rate Home Loan
4.13% p.a.
4.84% p.a.
$12.00 monthly
Bankwest Fixed Rate Home Loan
4.13% p.a.
4.84% p.a.
$12.00 monthly
4.38% p.a.
5.26% p.a.
$12.00 monthly
Bankwest Fixed Rate Home Loan
4.38% p.a.
5.26% p.a.
$12.00 monthly
Bankwest Fixed Rate Home Loan
4.38% p.a.
5.26% p.a.
$12.00 monthly
4.43% p.a.
5.39% p.a.
$12.00 monthly
Bankwest Fixed Rate Home Loan
4.43% p.a.
5.39% p.a.
$12.00 monthly
Bankwest Fixed Rate Home Loan
4.43% p.a.
5.39% p.a.
$12.00 monthly
4.70% p.a.
5.66% p.a.
$12.00 monthly
Bankwest Fixed Rate Home Loan
4.70% p.a.
5.66% p.a.
$12.00 monthly
Bankwest Fixed Rate Home Loan
4.70% p.a.
5.66% p.a.
$12.00 monthly
Mozo Review Bankwest Fixed Rate Home Loan Review
Last updated: 16 October 2019.
What's hot:
Competitive 4.13% p.a. 3 year fixed rate (4.84% comparison rate*)
Optional offset facility to reduce interest
Low $295 application fee for a limited time - a saving of $400
What's not:
$12 monthly maintenance fee
Mozo snapshot:
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 4.03% p.a. (4.88% comparison rate*) for owner occupiers and 4.13% for investors (5.42% comparison rate*).
Key features:
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.
Who it's good for:
Anyone who wants the certainty of knowing what their monthly repayments will be for a set period.
Any catches?
Be sure to mark in your calendar the end date of the fixed term as the Fixed Rate Home Loan reverts to the 5.00% 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.
Details
Rates and fees information correct as at 6 December 2019. 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
-
n/a
-
n/a
-
n/a
-
n/a
-
4.36% (5.12%*)
-
4.03% (4.88%*)
-
4.13% (4.84%*)
-
4.54% (5.02%*)
-
4.64% (5.03%*)
-
n/a
-
n/a
-
5.00% p.a.
Fees
-
$295.00
-
$0.00
-
$0.00
-
$250.00
-
n/a
-
$12.00 monthly
-
$338.20
Other financial bits
-
$20,000
-
none
-
none
-
90.00%
Features
-
Weekly, Fortnightly, Monthly
-
yes - free up to $10,000 a year
-
none
-
yes - fees apply
-
$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
Details
Rates and fees information correct as at 6 December 2019. 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
-
n/a
-
n/a
-
n/a
-
n/a
-
4.51% (5.45%*)
-
4.39% (5.35%*)
-
4.38% (5.26%*)
-
4.65% (5.28%*)
-
4.69% (5.25%*)
-
n/a
-
n/a
-
5.35% p.a.
Fees
-
$295.00
-
$0.00
-
$0.00
-
$250.00
-
n/a
-
$12.00 monthly
-
$338.20
Other financial bits
-
$20,000
-
none
-
none
-
80.00%
Features
-
Monthly
-
yes - free up to $10,000 a year
-
none
-
yes - fees apply
-
$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
Details
Rates and fees information correct as at 6 December 2019. 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
-
n/a
-
n/a
-
n/a
-
n/a
-
4.46% (5.71%*)
-
4.13% (5.42%*)
-
4.43% (5.39%*)
-
4.75% (5.51%*)
-
4.89% (5.50%*)
-
n/a
-
n/a
-
5.65% p.a.
Fees
-
$295.00
-
$0.00
-
$0.00
-
$250.00
-
n/a
-
$12.00 monthly
-
$338.20
Other financial bits
-
$20,000
-
none
-
none
-
90.00%
Features
-
Weekly, Fortnightly, Monthly
-
yes - free up to $10,000 a year
-
none
-
yes - fees apply
-
$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
Details
Rates and fees information correct as at 6 December 2019. 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
-
n/a
-
n/a
-
n/a
-
n/a
-
4.61% (5.84%*)
-
4.58% (5.73%*)
-
4.70% (5.66%*)
-
4.90% (5.64%*)
-
5.04% (5.64%*)
-
n/a
-
n/a
-
5.78% p.a.
Fees
-
$295.00
-
$0.00
-
$0.00
-
$250.00
-
n/a
-
$12.00 monthly
-
$338.20
Other financial bits
-
$20,000
-
none
-
none
-
80.00%
Features
-
Monthly
-
yes - free up to $10,000 a year
-
none
-
yes - fees apply
-
$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
Customer Reviews
How are Bankwest home loans rated by the Mozo community?
Latest reviews of Bankwest Fixed Rate Home Loan
- Overall7/10
Great product just not enough office locations.
The home loan is ok, however they don't have many branches.
Read full review
The home loan is ok, however they don't have many branches.
Price7/10Features7/10Customer service5/10Convenience5/10Trust7/10Less
Andrew | Queensland
reviewed 22 days ago
- Overall9/10
Friendly helpful staff who give you a go.
I like this bank because they are friendly and understanding. One of the only banks to give us a...
Read full review
I like this bank because they are friendly and understanding. One of the only banks to give us a go with a home loan.
Price7/10Features5/10Customer service7/10Convenience8/10Trust9/10Less
Tarryn | Western Australia
reviewed 23 days ago
- Overall8/10
Trustworthy.
We tried 4 different banks before Bankwest gave us a shot. We are reliable and all it took was...
Read full review
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.
Price6/10Features-1/10Customer service6/10Convenience6/10Trust9/10Less
Olivia | South Australia
reviewed about 1 month ago
- Overall10/10
Competitive products with great customer service
Feel very confident with Bankwest. Customer service always outstanding and have never had a...
Read full review
Feel very confident with Bankwest. Customer service always outstanding and have never had a problem. Competitive products and easy to use online function
Price9/10Features9/10Customer service10/10Convenience9/10Trust10/10Less
Jason | Victoria
reviewed almost 4 years ago
- Overall8/10
Competitive rates and very good service
Competitive rates on both fixed and line of credit.Any issues are quickly sorted.
Read full review
Competitive rates on both fixed and line of credit.Any issues are quickly sorted.
Price8/10Features8/10Customer service8/10Convenience8/10Trust8/10Less
Robert | Queensland
reviewed about 4 years ago
About Bankwest
Bankwest is the bank best known for Making Banking Easier, an initiative which aims to make banking a more positive experience. 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, who have promised to retain the Bankwest brand. So if you like the sound of Making Banking Easier, check out Bankwest's range of personal banking products including savings accounts, bank accounts, credit cards, home loans and more.
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