Owner occupiers can borrow up to 98% of the property value (with LMI).
Bankwest Simple Home Loan can help you get started with a smaller deposit. Take control of your home loan by only selecting the features you need and you could save on fees. Plus, you can make extra repayments or redraw at no extra cost.
6.34%
p.a.
Variable rate
6.36%
p.a.
Comparison rate
60.01% to 80% LVR. Owner occupiers paying principal and interest. Loan sizes from $20,000.
8.77%
p.a.
Variable rate
8.79%
p.a.
Comparison rate
95.01% to 98% LVR with LMI. Owner occupiers paying principal and interest. Loan sizes from $20,000.
The Bankwest Simple Home Loan is a low-cost and flexible variable rate option. Here's what that means:
With a variable rate, you can offset 100% of your eligible accounts against your mortgage to reduce the amount of interest you pay.
There are no limits on additional repayments, so you can make extra repayments to your loan and pay down your mortgage faster.
You can access any repayments you’ve made above the minimum required repayments. You could use your redraw to help pay for things like renovations, holidays or a new car.
This lets you renovate, upsize, downsize or invest in property. Lending criteria applies.
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.
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A variable rate home loan is a home loan with an interest rate that may change over time.
A fixed rate home loan locks in your home loan rate for an agreed period, usually one to five years. A variable home loan is often more flexible, but the rate can change. Learn more on the differences between fixed and variable rates.
You can easily split a variable home loan so that a portion has a fixed rate for an agreed period. Learn more on splitting your loan between variable and fixed.
You can switch your variable home loan to a fixed term loan, or you can choose to fix only a portion of your loan.
Book time with a Home Lending Specialist – when and where it suits you. Talk on the phone, meet at a branch, or have a Mobile Lending Manager come to you.
Use these calculators to guide you in your home ownership journey. Or browse our range of home loans.