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Bankwest Fixed Rate Home Loan

Advertiser disclosure
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%
The details shown below are for an investor taking out a principal & interest loan of at least $20,000 with an LVR below 95%

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
  • 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
  • Investor (Principal & Interest)
    LVR 90%-95%
    Loan: $20,000
Fixed 3 year rate
6.49% p.a.
Comparison Rate
8.31% p.a.
Service fee
$12.00 monthly
Upfront fee
$545
Fixed 3 year rate
6.69% p.a.
Comparison Rate
8.45% p.a.
Service fee
$12.00 monthly
Upfront fee
$545
Fixed 3 year rate
6.89% p.a.
Comparison Rate
8.51% p.a.
Service fee
$12.00 monthly
Upfront fee
$545
Fixed 3 year rate
7.39% p.a.
Comparison Rate
8.66% p.a.
Service fee
$12.00 monthly
Upfront fee
$545
Fixed 3 year rate
6.69% p.a.
Comparison Rate
8.80% p.a.
Service fee
$12.00 monthly
Upfront fee
$545
Fixed 3 year rate
7.19% p.a.
Comparison Rate
8.95% p.a.
Service fee
$12.00 monthly
Upfront fee
$545

Mozo editorial review Bankwest Fixed Rate Home Loan - last updated: 14 March 2024

binocular icon
What's hot
  • Competitive 6.59% p.a. 2 year fixed rate (8.55% comparison rate*)
  • Optional offset facility to reduce interest
  • Loan to value ratio (LVR) up to 98%
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 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*). 

key icon
Key features

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. 


snapshot
Who is it good for

If you are looking to make a lower deposit this loan could be a good option as it allows up to 98% LVR. 


question icon
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 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.


Details

Rates and fees information correct as at 29 March 2024. 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

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.

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

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.

Details

Rates and fees information correct as at 29 March 2024. 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

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.

Fees

$295.00

$0.00

$0.00

$250.00

n/a

$12.00 monthly

$338.20

Other financial bits

$20,000

none

80.00%

90.00%

Features

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.

Details

Rates and fees information correct as at 29 March 2024. 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

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.

Fees

$295.00

$0.00

$0.00

$250.00

n/a

$12.00 monthly

$338.20

Other financial bits

$20,000

none

90.00%

95.00%

Features

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.

Details

Rates and fees information correct as at 29 March 2024. 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

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.

Fees

$295.00

$0.00

$0.00

$250.00

n/a

$12.00 monthly

$338.20

Other financial bits

$20,000

none

95.00%

98.00%

Features

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.

Details

Rates and fees information correct as at 29 March 2024. 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

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.

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

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.

Details

Rates and fees information correct as at 29 March 2024. 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

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.

Fees

$295.00

$0.00

$0.00

$250.00

n/a

$12.00 monthly

$338.20

Other financial bits

$20,000

none

90.00%

95.00%

Features

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.

Customer Reviews

How are Bankwest home loans rated by the Mozo community?

Overall
Price
Features
Customer service
Convenience
Trust

Latest reviews of Bankwest Fixed Rate Home Loan

About Bankwest

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Macquarie

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Fixed Rate Home Loan

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fixed 3 years

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Ultra Low Rate

6.30% p.a. variable

6.58% p.a.

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Variable

5.99% p.a. variable

5.90% p.a.

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Basic Home Loan (Fixed)

5.99% p.a.
fixed 3 years

6.13% p.a.

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Neat Home Loan

6.14% p.a. variable

6.16% p.a.

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Macquarie

Basic Home Loan

6.15% p.a. variable

6.17% p.a.

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Unloan

Variable

5.99% p.a. variable

5.90% p.a.

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Sucasa

Ultra Low Rate

6.30% p.a. variable

6.58% p.a.

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Bendigo Bank

Express Home Loan

6.01% p.a. variable

6.14% p.a.

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ubank

Neat Home Loan

6.14% p.a. variable

6.16% p.a.

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Macquarie

Offset Home Loan (Package)

6.15% p.a. variable

6.40% p.a.

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Unloan

Variable

6.29% p.a. variable

6.20% p.a.

Thumbnail icon for ubank
ubank

Flex Home Loan Fixed

5.99% p.a.
fixed 3 years

6.37% p.a.

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan (Fixed)

5.99% p.a.
fixed 3 years

6.13% p.a.

Thumbnail icon for Unloan
Unloan

Variable

5.99% p.a.

5.90% p.a.

Thumbnail icon for Sucasa
Sucasa

Ultra Low Rate

6.30% p.a.

6.58% p.a.

Thumbnail icon for Macquarie
Macquarie

Offset Home Loan (Package)

6.15% p.a.

6.40% p.a.

Thumbnail icon for Bendigo Bank
Bendigo Bank

Express Home Loan

6.01% p.a.

6.14% p.a.

Thumbnail icon for BCU Bank
BCU Bank

OMG Home Loan

5.99% p.a.

6.00% p.a.

Thumbnail icon for ubank
ubank

Neat Home Loan

6.14% p.a.

6.16% p.a.

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan

6.15% p.a.

6.17% p.a.

Thumbnail icon for BCU Bank
BCU Bank

Fixed Rate Home Loan

p.a.

6.30% p.a.

Thumbnail icon for Bendigo Bank
Bendigo Bank

Express Home Loan (Fixed)

6.04% p.a.
fixed 3 years

6.15% p.a.

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan (Fixed)

5.99% p.a.
fixed 3 years

6.13% p.a.

Thumbnail icon for Bendigo Bank
Bendigo Bank

Express Home Loan (Fixed)

6.54% p.a.
fixed 3 years

6.38% p.a.

Thumbnail icon for ubank
ubank

Flex Home Loan Fixed

5.99% p.a.
fixed 3 years

6.41% p.a.

Thumbnail icon for ING
ING

Fixed Rate Loan (with Orange Advantage)

5.99% p.a.
fixed 3 years

6.12% p.a.

Thumbnail icon for BCU Bank
BCU Bank

Fixed Rate Home Loan

6.29% p.a.
fixed 3 years

6.30% p.a.

Thumbnail icon for Bendigo Bank
Bendigo Bank

Express Home Loan (Fixed)

6.54% p.a.
fixed 3 years

6.38% p.a.

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan (Fixed)

6.09% p.a.
fixed 3 years

6.19% 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.

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