The details shown below are for an owner occupier taking out a principal & interest loan of at least $20,000 with an LVR below 80%
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 principal & interest loan of at least $20,000 with an LVR below 95%
The details shown below are for an owner occupier taking out a principal & interest loan of at least $20,000 with an LVR below 98%
The details shown below are for an investor taking out a principal & interest loan of at least $20,000 with an LVR below 90%
Choose the version of this loan that suits you best
| Availability | Loan type | LVR | Min loan amount | Max loan amount | |
|---|---|---|---|---|---|
|
|
Owner Occupier | Principal & Interest | < 80% | $20,000 | |
|
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Owner Occupier | Principal & Interest | 80%-90% | $20,000 | |
|
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Owner Occupier | Principal & Interest | 90%-95% | $20,000 | |
|
|
Owner Occupier | Principal & Interest | 95%-98% | $20,000 | |
|
|
Investor | Principal & Interest | < 90% | $20,000 |
Owner Occupier (Principal & Interest)
LVR < 80%
Loan: $20,000
Owner Occupier (Principal & Interest)
LVR 80%-90%
Loan: $20,000
Owner Occupier (Principal & Interest)
LVR 90%-95%
Loan: $20,000
Owner Occupier (Principal & Interest)
LVR 95%-98%
Loan: $20,000
Investor (Principal & Interest)
LVR < 90%
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 1 year fixed term at 5.59% p.a. (6.01% comparison rate*) for owner occupiers and 5.79% for investors (6.01% comparison rate*).
The Bankwest fixed rate home loan is available for loans of $20,000 or more and up to a 98% LVR. 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 or a refinancer looking for a great cashback offer.
Be sure to mark in your calendar the end date of the fixed term as the Fixed Rate Home Loan reverts to the 6.00% 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.
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
5.59% (6.58%*) |
|
|
5.89% (6.55%*) |
|
|
5.99% (6.53%*) |
|
|
6.09% (6.52%*) |
|
|
6.19% (6.54%*) |
|
|
n/a |
|
|
n/a |
|
|
6.50% p.a. |
|
$295.00 |
|
|
$0.00 |
|
|
$0.00 |
|
|
$250.00 |
|
|
n/a |
|
|
$12.00 monthly |
|
|
$338.20 |
|
$20,000 |
|
|
none |
|
|
none |
|
|
80.00% |
|
Weekly, Fortnightly, Monthly |
|
|
yes - free up to $10,000 a year |
|
|
none |
|
|
no |
|
|
$0.00 |
|
|
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. |
|
|
Receive $2,000 cashback for refinances of $250,000 or more, with LVR <80%, for applications approved by 28 February 2023, funded by 30 April 2023, 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.
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
5.79% (6.60%*) |
|
|
6.09% (6.59%*) |
|
|
6.19% (6.58%*) |
|
|
6.29% (6.59%*) |
|
|
6.39% (6.62%*) |
|
|
n/a |
|
|
n/a |
|
|
6.50% p.a. |
|
$295.00 |
|
|
$0.00 |
|
|
$0.00 |
|
|
$250.00 |
|
|
n/a |
|
|
$12.00 monthly |
|
|
$338.20 |
|
$20,000 |
|
|
none |
|
|
80.00% |
|
|
90.00% |
|
Weekly, Fortnightly, Monthly |
|
|
yes - free up to $10,000 a year |
|
|
none |
|
|
no |
|
|
$0.00 |
|
|
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. |
|
|
Receive $2,000 cashback for refinances of $250,000 or more, with LVR <80%, for applications approved by 28 February 2023, funded by 30 April 2023, 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.
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
5.99% (6.62%*) |
|
|
6.29% (6.63%*) |
|
|
6.39% (6.64%*) |
|
|
6.49% (6.67%*) |
|
|
6.59% (6.71%*) |
|
|
n/a |
|
|
n/a |
|
|
6.50% p.a. |
|
$295.00 |
|
|
$0.00 |
|
|
$0.00 |
|
|
$250.00 |
|
|
n/a |
|
|
$12.00 monthly |
|
|
$338.20 |
|
$20,000 |
|
|
none |
|
|
90.00% |
|
|
95.00% |
|
Weekly, Fortnightly, Monthly |
|
|
yes - free up to $10,000 a year |
|
|
none |
|
|
no |
|
|
$0.00 |
|
|
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. |
|
|
Receive $2,000 cashback for refinances of $250,000 or more, with LVR <80%, for applications approved by 28 February 2023, funded by 30 April 2023, 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.
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
6.49% (6.67%*) |
|
|
6.79% (6.73%*) |
|
|
6.89% (6.78%*) |
|
|
7.09% (6.89%*) |
|
|
7.09% (6.94%*) |
|
|
n/a |
|
|
n/a |
|
|
6.50% p.a. |
|
$295.00 |
|
|
$0.00 |
|
|
$0.00 |
|
|
$250.00 |
|
|
n/a |
|
|
$12.00 monthly |
|
|
$338.20 |
|
$20,000 |
|
|
none |
|
|
95.00% |
|
|
98.00% |
|
Weekly, Fortnightly, Monthly |
|
|
yes - free up to $10,000 a year |
|
|
none |
|
|
no |
|
|
$0.00 |
|
|
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. |
|
|
Receive $2,000 cashback for refinances of $250,000 or more, with LVR <80%, for applications approved by 28 February 2023, funded by 30 April 2023, 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.
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
5.79% (7.17%*) |
|
|
6.09% (7.10%*) |
|
|
6.19% (7.04%*) |
|
|
6.29% (7.00%*) |
|
|
6.39% (6.98%*) |
|
|
n/a |
|
|
n/a |
|
|
7.15% 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 |
|
|
no |
|
|
$0.00 |
|
|
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. |
|
|
Receive $2,000 cashback for refinances of $250,000 or more, with LVR <80%, for applications approved by 28 February 2023, funded by 30 April 2023, 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.
I like my bank as you are able to pick up the phone and speak to a support person when needed. Prime example as I was in Bali early this year and I transferred money to my son in Australia with no qualms but when completed had major doubts about what I had done and how safe it may have been. My husband jumped on the phone and rang Bankwest and immediately they took care to make sure our accounts were protected.
Read full reviewI like my bank as you are able to pick up the phone and speak to a support person when needed. Prime example as I was in Bali early this year and I transferred money to my son in Australia with no qualms but when completed had major doubts about what I had done and how safe it may have been. My husband jumped on the phone and rang Bankwest and immediately they took care to make sure our accounts were protected.
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.
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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.
