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 | |
|
Owner Occupier | Principal & Interest | 80%-90% | $20,000 | |
|
Owner Occupier | Principal & Interest | 90%-95% | $20,000 | |
|
Owner Occupier | Principal & Interest | 95%-98% | $20,000 | |
|
Investor | Principal & Interest | < 90% | $20,000 | |
|
Investor | Principal & Interest | 90%-95% | $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 6.79% p.a. (8.80% comparison rate*) for owner occupiers and 6.99% for investors (9.40% 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.
If you are looking to make a lower deposit this loan could be a good option as it allows up to 98% LVR.
Be sure to mark in your calendar the end date of the fixed term as the Fixed Rate Home Loan reverts to the 9.00% 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 |
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n/a |
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n/a |
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n/a |
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6.79% (8.80%*) |
|
6.59% (8.55%*) |
|
6.49% (8.31%*) |
|
6.59% (8.15%*) |
|
6.69% (8.03%*) |
|
n/a |
|
n/a |
|
9.00% 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. |
|
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.
n/a |
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n/a |
|
n/a |
|
n/a |
|
6.99% (8.93%*) |
|
6.79% (8.68%*) |
|
6.69% (8.45%*) |
|
6.79% (8.30%*) |
|
6.89% (8.19%*) |
|
n/a |
|
n/a |
|
9.00% 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. |
|
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.
n/a |
|
n/a |
|
n/a |
|
n/a |
|
7.19% (8.95%*) |
|
6.99% (8.73%*) |
|
6.89% (8.51%*) |
|
6.99% (8.38%*) |
|
7.09% (8.28%*) |
|
n/a |
|
n/a |
|
9.00% 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. |
|
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.
n/a |
|
n/a |
|
n/a |
|
n/a |
|
7.69% (9.01%*) |
|
7.49% (8.83%*) |
|
7.39% (8.66%*) |
|
7.49% (8.57%*) |
|
7.59% (8.50%*) |
|
n/a |
|
n/a |
|
9.00% 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. |
|
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.
n/a |
|
n/a |
|
n/a |
|
n/a |
|
6.99% (9.40%*) |
|
6.79% (9.09%*) |
|
6.69% (8.80%*) |
|
6.79% (8.61%*) |
|
6.89% (8.45%*) |
|
n/a |
|
n/a |
|
9.65% 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. |
|
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.
n/a |
|
n/a |
|
n/a |
|
n/a |
|
7.49% (9.45%*) |
|
7.39% (9.22%*) |
|
7.19% (8.95%*) |
|
7.29% (8.80%*) |
|
7.39% (8.68%*) |
|
n/a |
|
n/a |
|
9.65% 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. |
|
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.
They have just announced they are closing all branches
Read full reviewThey have just announced they are closing all branches
The bank are happy to help were they can and are very friendly on the phone
Read full reviewThe bank are happy to help were they can and are very friendly on the phone
Bankwest customer service staff listened to my problem with the home loan and fixed it on the same day.
Read full reviewBankwest customer service staff listened to my problem with the home loan and fixed it on the same day.
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
Fixed Rate Loan (with Orange Advantage)
5.99% p.a.
fixed 3 years
6.12% p.a.
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.