Rates for principal and interest payments with loan sizes from $20,000. Different rates apply for interest only.
Make sure you understand the comparison rate and loan purpose .
Log in
Why sometimes, a simple home loan is best
Rates and fees
Get a discount off Bankwest’s standard variable rate. 2
Rates are based on your loan to value ratio (LVR) and lenders mortgage insurance (LMI) may apply.
Rates shown are for principal and interest repayments with loan sizes from $20,000.
Loan purpose
| LVR | Variable rate | Comparison rate |
|---|---|---|
|
Up to 60%
|
6.29% p.a.
|
6.31% p.a.
|
|
60.01% to 80%
|
6.34% p.a.
|
6.36% p.a.
|
|
80.01% to 90% with LMI
|
6.54% p.a.
|
6.56% p.a.
|
|
90.01% to 95% with LMI
|
7.14% p.a.
|
7.16% p.a.
|
|
95.01% to 98% with LMI
|
8.77% p.a.
|
8.79% p.a.
|
LVR
Variable rate
Comparison rate
Up to 60%
6.29% p.a.
6.31% p.a.
60.01% to 80%
6.34% p.a.
6.36% p.a.
80.01% to 90% with LMI
6.54% p.a.
6.56% p.a.
90.01% to 95% with LMI
7.14% p.a.
7.16% p.a.
95.01% to 98% with LMI
8.77% p.a.
8.79% p.a.
| LVR | Variable rate | Comparison rate |
|---|---|---|
|
Up to 60%
|
6.44% p.a.
|
6.46% p.a.
|
|
60.01% to 80%
|
6.49% p.a.
|
6.51% p.a.
|
|
80.01% to 90% with LMI
|
6.89% p.a.
|
6.91% p.a.
|
|
90.01% to 95% with LMI
|
7.89% p.a.
|
7.91% p.a.
|
LVR
Variable rate
Comparison rate
Up to 60%
6.44% p.a.
6.46% p.a.
60.01% to 80%
6.49% p.a.
6.51% p.a.
80.01% to 90% with LMI
6.89% p.a.
6.91% p.a.
90.01% to 95% with LMI
7.89% p.a.
7.91% p.a.
| Fee | Amount |
|---|---|
|
Application fee
?
Includes legal fees for standard mortgage preparation and one standard valuation fee. Any amount in excess of the standard fees are to be met by the customer.
|
$0 (usually $695)
|
|
Home loan increase fee
?
The home loan Increase fee is charged when you increase the amount of credit on your existing home loan.
|
$295
|
|
Redraw fee
3
There is no minimum redraw amount, including transactions completed over the counter.
|
$0
|
|
Optional offset facility
1
Offset Transaction Account must be held in the same name as the loan account. Maximum 40% offset is available with our Complete Fixed and Fixed Rate home loans. Other exclusions apply. Account holders must be 18 years or older. Other fees and charges may apply. Credit interest is not payable on this account. Where a monthly offset fee applies, it will apply to each offset account held.
|
$10 per month for each offset account
|
|
Settlement attendance fee (Legal disbursement fee)
?
Applies when we take a new security.
|
$250
|
Fee
Amount
Application fee
?
Includes legal fees for standard mortgage preparation and one standard valuation fee. Any amount in excess of the standard fees are to be met by the customer.
$0 (usually $695)
Home loan increase fee
?
The home loan Increase fee is charged when you increase the amount of credit on your existing home loan.
$295
Redraw fee
3
There is no minimum redraw amount, including transactions completed over the counter.
$0
Optional offset facility
1
Offset Transaction Account must be held in the same name as the loan account. Maximum 40% offset is available with our Complete Fixed and Fixed Rate home loans. Other exclusions apply. Account holders must be 18 years or older. Other fees and charges may apply. Credit interest is not payable on this account. Where a monthly offset fee applies, it will apply to each offset account held.
$10 per month for each offset account
Settlement attendance fee (Legal disbursement fee)
?
Applies when we take a new security.
$250
Other fees may apply, including government and bank fees. A full list of fees will be sent out in your home loan contract.
Rates and fees subject to change. Download the Key Facts Sheet.
- Download the Choosing Your Home Loan Repayment Option customer information sheet (PDF)
- Download the Mortgage Saver Offset Facility customer information sheet (PDF)
- Download the Variable & Fixed Interest Rate Home Loans customer information sheet (PDF)
- Download the Home Loans Terms and Conditions (PDF)
Dedicated lending specialists
We're available seven days a week, including evenings.
Save on home loan interest
You could pay your home loan off faster with up to nine offset accounts. 1 Offset Transaction Account must be held in the same name as the loan account. Maximum 40% offset is available with our Complete Fixed and Fixed Rate home loans. Other exclusions apply. Account holders must be 18 years or older. Other fees and charges may apply. Credit interest is not payable on this account. Where a monthly offset fee applies, it will apply to each offset account held.
Easy applications
Track the progress of your home loan application and sign important documents digitally from anywhere.
Award-winning
Money Magazine 'Home Lender of the Year 2023', MFAA 'Non-Major Lender of the Year' for six years running, and Australian Mortgage Awards 'Bank of the Year' twice.
