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Bankwest Mortgage Shredder

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 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 < 95%

    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

Rate
4.75% p.a.
Comparison Rate*
4.77% p.a.
Service fee
$0.00
Upfront fee
$250
Rate
5.10% p.a.
Comparison Rate*
5.12% p.a.
Service fee
$0.00
Upfront fee
$250
Rate
5.40% p.a.
Comparison Rate*
5.42% p.a.
Service fee
$0.00
Upfront fee
$250
Rate
5.53% p.a.
Comparison Rate*
5.55% p.a.
Service fee
$0.00
Upfront fee
$250

Details

Rates and fees information correct as at 26 October 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
  • 4.75% p.a.

  • n/a

  • n/a

  • n/a

  • 4.77% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $0.00

  • $0.00

  • $0.00

  • $250.00

  • n/a

  • $0.00

  • $338.20

Other financial bits
  • $20,000

  • none

  • none

  • 95.00%

Features
  • Owner Occupier

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • none

  • yes - free

  • $0.00

  • no

  • yes - optional, $10 per month

  • none

  • none

  • 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 October 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
  • 5.10% p.a.

  • n/a

  • n/a

  • n/a

  • 5.12% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $0.00

  • $0.00

  • $0.00

  • $250.00

  • n/a

  • $0.00

  • $338.20

Other financial bits
  • $20,000

  • none

  • none

  • 80.00%

Features
  • Owner Occupier

  • Interest Only

  • Monthly

  • yes - free

  • none

  • yes - free

  • $0.00

  • no

  • yes - optional, $10 per month

  • none

  • none

  • 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 October 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
  • 5.40% p.a.

  • n/a

  • n/a

  • n/a

  • 5.42% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $0.00

  • $0.00

  • $0.00

  • $250.00

  • n/a

  • $0.00

  • $338.20

Other financial bits
  • $20,000

  • none

  • none

  • 90.00%

Features
  • Investor

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • none

  • yes - free

  • $0.00

  • no

  • yes - optional, $10 per month

  • none

  • none

  • 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 October 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
  • 5.53% p.a.

  • n/a

  • n/a

  • n/a

  • 5.55% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $0.00

  • $0.00

  • $0.00

  • $250.00

  • n/a

  • $0.00

  • $338.20

Other financial bits
  • $20,000

  • none

  • none

  • 80.00%

Features
  • Investor

  • Interest Only

  • Monthly

  • yes - free

  • none

  • yes - free

  • $0.00

  • no

  • yes - optional, $10 per month

  • none

  • none

  • 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
7.1/10
Price
7.1/10
Features
6.5/10
Customer service
7.1/10
Convenience
7.1/10
Trust
6.9/10

Latest reviews of Bankwest Mortgage Shredder

  • Overall 0/10
    Not recommended.

    • Extremely unhelpful • High mortgage rates • Not good customer service • Not recommended

    Read full review

    • Extremely unhelpful • High mortgage rates • Not good customer service • Not recommended

    Price
    0/10
    Features
    0/10
    Customer service
    0/10
    Convenience
    0/10
    Trust
    0/10
    Less
    Bina, New South Wales reviewed 5 months ago
  • Overall 10/10
    Its all new, but we are looking forward to trying.

    We Love Bankwest, because they have been so understanding and when all the other banks were very discriminating against us, Bankwest were the only bank who even gave us a look-in and helped us out and for that, my hubby and I thank them from the bottom of our heart. Now finally we can make those important home renovations that are urgently needed. Bankwest should be called 'the loving bank', because they really DO Care. Thank you Bankwest for caring.

    Read full review

    We Love Bankwest, because they have been so understanding and when all the other banks were very discriminating against us, Bankwest were the only bank who even gave us a look-in and helped us out and for that, my hubby and I thank them from the bottom of our heart. Now finally we can make those important home renovations that are urgently needed. Bankwest should be called 'the loving bank', because they really DO Care. Thank you Bankwest for caring.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Fiona, Victoria reviewed 11 months ago
  • Overall 6/10
    Most likely wouldn't use Bankwest again.

    I payed my loan back fortnightly and always on time so I found Bank West easy to get along with as far as my mortgage payments went

    Read full review

    I payed my loan back fortnightly and always on time so I found Bank West easy to get along with as far as my mortgage payments went

    Price
    6/10
    Features
    1/10
    Customer service
    6/10
    Convenience
    1/10
    Trust
    5/10
    Less
    Marie, New South Wales reviewed almost 3 years ago
  • Overall 6/10
    Good rates but be vigilant!!

    I'm generally happy with Bankwest, though I've taken off points because they raised my interest rate twice, by a total of over 1%, over the course of 2 weeks. I called them and they were happy to move me to a better product that had a lower interest rate than I was originally paying as long as I filled out some forms and mailed them back. Their rates are good but be vigilant, and know that it's worth making a call if you're unhappy with your rates.

    Read full review

    I'm generally happy with Bankwest, though I've taken off points because they raised my interest rate twice, by a total of over 1%, over the course of 2 weeks. I called them and they were happy to move me to a better product that had a lower interest rate than I was originally paying as long as I filled out some forms and mailed them back. Their rates are good but be vigilant, and know that it's worth making a call if you're unhappy with your rates.

    Price
    6/10
    Features
    5/10
    Customer service
    8/10
    Convenience
    7/10
    Trust
    6/10
    Less
    Cass, Victoria reviewed over 4 years ago
  • Overall 5/10
    I am very disappointed with the support

    Bankwest used to be great. Excellent rates, great product options, helpful staff. But since I've been experiencing financial difficulties they have been less than helpful. One lady in the financial hardship team told me that if I couldn't afford my house I should just sell it. She was very cold and offered no alternative solutions such as a product change or rate reduction.

    Read full review

    Bankwest used to be great. Excellent rates, great product options, helpful staff. But since I've been experiencing financial difficulties they have been less than helpful. One lady in the financial hardship team told me that if I couldn't afford my house I should just sell it. She was very cold and offered no alternative solutions such as a product change or rate reduction.

    Price
    5/10
    Features
    9/10
    Customer service
    3/10
    Convenience
    3/10
    Trust
    4/10
    Less
    Karlie, Victoria 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.