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

  • 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

3.13% p.a.

4.57% p.a.

$12.00 monthly

Bankwest Fixed Rate Home Loan

3.13% p.a.

4.57% p.a.

$12.00 monthly

3.99% p.a.

5.16% p.a.

$12.00 monthly

Bankwest Fixed Rate Home Loan

3.99% p.a.

5.16% p.a.

$12.00 monthly

3.49% p.a.

5.13% p.a.

$12.00 monthly

Bankwest Fixed Rate Home Loan

3.49% p.a.

5.13% p.a.

$12.00 monthly

3.69% p.a.

5.39% p.a.

$12.00 monthly

Bankwest Fixed Rate Home Loan

3.69% p.a.

5.39% p.a.

$12.00 monthly

Mozo Review   Bankwest Fixed Rate Home Loan Review

Last updated: 24 January 2020.

What's hot:
  • Competitive 3.13% p.a. 3 year fixed rate (4.57% 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 3.29% p.a. (4.75% comparison rate*) for owner occupiers and 3.99% for investors (5.40% 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 26 February 2020. 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

  • 3.69% (5.05%*)

  • 3.29% (4.75%*)

  • 3.13% (4.57%*)

  • 3.69% (4.73%*)

  • 3.39% (4.52%*)

  • 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 - 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

*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 26 February 2020. 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

  • 4.19% (5.41%*)

  • 4.19% (5.31%*)

  • 3.99% (5.16%*)

  • 4.19% (5.12%*)

  • 4.19% (5.04%*)

  • 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 - 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

*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 26 February 2020. 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

  • 3.99% (5.66%*)

  • 3.99% (5.40%*)

  • 3.49% (5.13%*)

  • 3.99% (5.25%*)

  • 3.69% (5.01%*)

  • 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 - 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

*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 26 February 2020. 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

  • 4.19% (5.80%*)

  • 4.19% (5.65%*)

  • 3.69% (5.39%*)

  • 4.19% (5.40%*)

  • 4.09% (5.24%*)

  • 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 - 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

*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 customer rating
7.1/10
Price
7.1/10
Features
6.6/10
Customer service
7.1/10
Convenience
7.2/10
Trust
6.9/10

Latest reviews of Bankwest Fixed Rate Home Loan

  • Overall 7/10
    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.

    Price
    7/10
    Features
    7/10
    Customer service
    5/10
    Convenience
    5/10
    Trust
    7/10
    Less
    Andrew, Queensland reviewed 3 months ago
  • Overall 9/10
    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 go with a home loan.

    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.

    Price
    7/10
    Features
    5/10
    Customer service
    7/10
    Convenience
    8/10
    Trust
    9/10
    Less
    Tarryn, Western Australia reviewed 4 months ago
  • Overall 8/10
    Trustworthy.

    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 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.

    Price
    6/10
    Features
    -1/10
    Customer service
    6/10
    Convenience
    6/10
    Trust
    9/10
    Less
    Olivia, South Australia reviewed 4 months ago
  • Overall 10/10
    Competitive products with great customer service

    Feel very confident with Bankwest. Customer service always outstanding and have never had a problem. Competitive products and easy to use online function

    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

    Price
    9/10
    Features
    9/10
    Customer service
    10/10
    Convenience
    9/10
    Trust
    10/10
    Less
    Jason, Victoria reviewed almost 4 years ago
  • Overall 8/10
    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.

    Price
    8/10
    Features
    8/10
    Customer service
    8/10
    Convenience
    8/10
    Trust
    8/10
    Less
    Robert, Queensland reviewed over 4 years ago
Bankwest

About Bankwest

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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*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.