Bankwest has today announced new competitive fixed rate home loans to support the recovery of the Australian economy, including a new four-year fixed home loan rate for customers at 1.99% p.a..
Bankwest's new four-year fixed rate at 1.99% p.a. will apply to new applications for the Complete Fixed Home Loan Package for Owner Occupiers borrowing up to 80% of the property value paying principal and interest. Existing variable rate customers who wish to switch to a fixed rate should contact Bankwest to discuss their needs.
Bankwest has also announced:
- 2.07% p.a. on new two and three-year Fixed Rate home loans for Owner Occupiers borrowing up to 80% of the property value paying Principal and Interest in the Complete Home Loan Package;
- 2.14% p.a. on new one-year Fixed Rate home loans for Owner Occupiers borrowing up to 80% of the property value paying Principal and Interest in the Complete Home Loan Package;
- 2.99% p.a. secured and 3.99% p.a. unsecured business loans rates through the Federal Government’s SME loan guarantee scheme.
Bankwest Executive General Manager Sinead Taylor said: “We have introduced these new rates with the intention of offering homeowner and business customers long-term confidence and assurance and to reflect the RBA’s focus on supporting job creation and the Australian economy as it recovers from the pandemic.”
These changes are effective as of 12 November 2020.
Customers who have questions regarding today’s rate change are encouraged to speak with their local Bankwest home lending specialist or Bankwest business relationship manager.