A lot of people end up paying more than they need to on their home loans because they think it's 'too hard' to refinance or switch. Bankwest can help make the switching process a much happier experience so you can get a better deal sooner.

Our friendly lenders are experts at finding you find the right loan to suit your changing needs. Call us 7 days a week on 13 17 18 for a chat or to make an appointment for a Home Loan Specialist to visit you. Alternatively click here to locate your nearest branch.

Why Bankwest?

At Bankwest we have a wide range of award-winning home loans to help every type of customer save money. In fact, we've recently won a swag of awards, including Mortgage and Finance Association of Australia (MFAA) Lender of the Year 2008 and Bank of the Year 2008 (Australian Financial Review).

Which loan is right for me?

That all depends on your circumstances. Variable and Fixed Loans have their pros and cons so it's good to consider these before making a decision. Split Loans combine features of both Variable and Fixed Loans which allow you to broaden your options. The chart below will give you an initial idea of which loan may be right for you.   

Loan Type	Pros	Cons
Variable	Additional repayments can be made without any penalties. When the Reserve Bank or the market lowers interest rates, these savings will be passed on to you.	When the Reserve Bank or market increases rates, the interest rate on your loan will also increase meaning you will pay more interest.
Fixed	During the fixed term, your repayments won't change so budgeting is easier. During the fixed period, if interest rates go up your rate won't change.	If you want to make extra repayments there is less flexibility on Fixed Rate Loans. When market rates go down, the rate on your loan will remain the same so you won't access potential savings. If you choose to exit or switch your loan, there may be early termination fees asociated.

Click here to view our full Home Loan range or talk to our lenders who can help you make the right choice.

Switching from another financial institution?

It's much easier than you think. Contact us now to find out how much you could save. Our lenders will explain what you'll need to do and help make the switch as smooth as possible.

Remember, your current financial institution may charge a fee for discharging the loan. Standard costs such as stamp duty and registrations will also apply, although in some states you may be exempt from paying stamp duty. It's worth considering all those factors before you make a final decision.

Already a Bankwest Customer?

Great! Switching to a different Bankwest product is even easier. Our lenders will help find the best way to save you even more money based on your current situation. You just sign the contracts and we take care of the rest.

Managing your Mortgage

Fine tuning your home loan doesn't have to stop there. Once you have secured your new loan, there are a whole lot of additional ways we can help you save thousands of dollars throughout the life of the loan. Click here for some hints from our experts.