Equaliser Home Loan

Get a head start on your home loan


Competitive rate

Get a discount of 1.35% p.a. off the average of the standard variable rates of ANZ, NAB and Westpac for the first 3 years (owner occupiers). Minimum rate of 2.50% p.a. applies. Conditions apply.* These rates are available for new lending only.

After the first three years, you will receive our discounted standard variable rate^, currently 4.25% p.a. (comparison rate 4.21% p.a. ) for owner occupiers.


Flexible repayment options

Choose from weekly, fortnightly or monthly repayments, and make extra repayments at any time. Principal and interest repayments only.


Online redraw

Use our free online redraw facility to access extra funds at any time


Save on fees

Save with $0 monthly maintenance fees


Rates for owner occupiers##

Your Loan Size Variable Rate Comparison Rate
$200k + Introductory 3 year rate 3.91% p.a.

After the intro period rate reverts to 4.25% p.a.
4.21% p.a.


Rates for investment purposes

Your Loan Size Variable Rate Comparison Rate
$200k + Introductory 3 year rate 4.36% p.a.

After the intro period rate reverts to 4.72% p.a.
4.68% p.a.



Description Fee
Standard Home Loan Application Fee (#1)
Transfer Fee
Home Loan Access

#1 - 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.

Fees subject to change without prior notice. NOTE: Other government and bank fees may be payable.

A full list of fees will be set out in your home loan contract.

Important things you should know:

* Bankwest Equaliser Home Loan Annual Percentage Rate is a variable 3 year introductory rate which is the higher of:

  • 2.50% p.a. ; or
  • The average of NAB Standard Variable Rate for home loans, Westpac P&I Variable Home Loan (owner occupier) rate, and ANZ Standard Variable Rate for home loans calculated twice per month, less the Equaliser Home Loan discount (different discounts apply for loans with investment purposes).

Available for new loans over $200,000 for up to 80% of the property value with principal and interest repayments only. At the end of the introductory period, the rate reverts to:

  • For owner occupiers, Bankwest Standard Variable Rate (Mortgage Shredder Reference Rate) less a discount of 1.10% p.a.
  • For investment purposes, Bankwest Standard Variable Rate (Investor Reference Rate) less a discount of 1.10% p.a.

Information, including rates and discounts is subject to change.

Equaliser Home Loan is available to Individuals only.

^ For owner occupiers, the standard variable rate is the Mortgage Shredder Reference Rate . For investors the standard variable rate is the Investor Reference Rate .

## This rate is for owner occupiers only. Where the predominant purpose of the loan is for investment purposes then you will not be eligible for this rate. Note: investment purpose includes but is not limited to, funds for shares, land, construction or an established dwelling (including re-finance of investment loans) for investment purposes.

Comparison rate is calculated on the statutory assumption of a $150,000 loan over 25 years but the minimum required loan amount is $200,000. 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.


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© 2016 Copyright Bankwest, a division of Commonwealth Bank of Australia (Bankwest) ABN 48 123 123 124 AFSL / Australian credit licence 234945. All rights reserved. To use this Website, you are required to read the Financial Services Guide (which you agree to be provided by accessing the link). Bankwest is a division of Commonwealth Bank of Australia, which is the product issuer unless otherwise stated. Rates stated are subject to change without notice. Any advice given does not take into account your objectives, financial situation or needs so please consider whether it is appropriate for you. For deposit and payment products, please ensure you read and consider the Product Disclosure Statement (which you agree to be provided through this link) before making any decision about the product(s). For lending products, lending criteria and fees and charges apply. Terms and conditions apply and are available on request.