Home loans

Whether you’re buying your first home, your next home or an investment property, Bankwest has a range of home loans to help get you there.

$1,500 cashback with our home loans

Apply for a new home loan by 31 Jan 2019 and you could enjoy $1,500 cashback.

Min loan amount $350,000. Eligibility requirements and T&Cs apply. 12

Here’s how we can help you

What to expect and things to consider, so you’re ready when the right home comes along.

Guides that could help you build wealth with bricks and mortar.

Help to get those home improvements underway.

Practical tips to help you own your home sooner.

Let’s talk about what’s possible

One of our Home Finance Managers will call you back within one business day.

For  account specific, urgent or confidential issues it is best you contact us directly on 13 17 19 or 1800 650 111 (Toll Free. 8am-8pm WST, 7 days per week) or +61 8 9449 2840 from overseas. Calls made from overseas will be subject to standard international call rates applicable to the country you're calling from.

We've collected your information so we can respond to you and may send you further information relating to your enquiry. Unless you tell us not to, you consent to us using your personal information to advertise or promote products, services, or business or investment opportunities we think may interest you. You can ask us not to contact you by following the opt-out instructions in any Bankwest marketing communication that we send you. Our Privacy Policy outlines how you can check any information we hold about you, and raise any privacy concerns. Our policy is available on the Bankwest website or you can call us to obtain a copy.

Our home loans

What's the difference between a property to live in and an investment purpose ?

Show me home loans for

What's the comparison rate?
It’s a tool that can help you identify the truer cost of a loan. It’s calculated using a standard formula that includes the interest rate, as well as certain fees and charges relating to a loan (not all fees and charges are included).

Comparison rate warning:

Comparison rate is calculated on the statutory assumption of $150,000 loan over 25 years but the minimum required loan amount is $200,000 for the Complete Home Loan Package and Equaliser Home Loan. Different rates apply for different loan amounts and may depend on the duration of a fixed rate period or the ratio of the loan amount to the property value. 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.

Home loan calculators

Home loan repayments calculator

Work out what your mortgage repayments could be and discover how much you could save if you made extra repayments.

Calculate your borrowing power

Find out how much you can borrow and calculate what your repayments might be based on your income and regular expenses.

Calculate potential home loan fees

Get an estimate on stamp duty, lenders' mortage insurance and other non-standard home buying fees that come with purchasing a property.

Home loan comparison calculator

Compare the repayments on Bankwest home loans and find out if refinancing your loan may save you money on interest in the long term.

Home loan guidance

Need help understanding what’s right for you?

Whether it’s your first home or next property move, they can help at every stage. Here’s how.

Being smart with your finances includes reviewing your mortgage.

Learn how to reduce the interest you pay on your home loan by using offset accounts like a pro.

From doing your research to picking up the keys.

Handy ways you can use your mortgage to your advantage and think about it less.

We’ve broken down the reasons why principal and interest repayments may work for you.

Need help choosing a loan?

Get in touch with one of our Home Finance Managers, and they’ll respond within one business day.

Things you should know

  1. Offset Transaction Account not available with our Complete Equity, Equaliser and Seniors Equity Release home loans and must be held in the same name as the loan account. Maximum 40% offset is available with our Complete Fixed and Fixed Rate home loan. Other exclusions apply.

  2. For interest-only loans, only monthly repayments are permitted.

  3. For borrowings between 90% and 95% of the property value different rates and comparison rates apply. Investors can only borrow up to 90% of the property value.

  4. 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 a discount of 1.51% p.a.

    Available to individuals and for new owner occupier loans over $200,000 for up to 80% of the property value with principal and interest repayments only. After the introductory period the rate reverts to the Bankwest Standard Variable Rate for owner occupiers (Mortgage Shredder Reference Rate) less a discount of 1.10% p.a. Different discounts and revert rates apply for loans with investment purposes. Information, including rates and discounts is subject to change.

  5. For borrowings between 80% and 90% of the property value, different rates and comparison rates apply. Investors can only borrow up to 90% of the property value.

  6. For owner occupiers the standard variable rate is the variable Mortgage Shredder Reference Rate or the variable Mortgage Shredder Interest Only Reference Rate. For investment purposes the standard variable rate is the Investor Reference Rate or the Investor Interest Only Reference Rate. See our home loan reference rates.

  7. Offset account must be held in the same name as the loan account. Other exclusions apply. No offset fee applies during the fixed term although a $12 monthly loan maintenance fee applies. At the end of the fixed term an offset fee of $10 per month will apply if an offset account is held.

  8. Offset account must be held in the same name as the loan account. Other exclusions apply. A $10 monthly offset fee applies to the Premium Select home loan.

  9. If you take out a Bankwest home loan for investment purposes, you will be contacted by Deppro Pty Ltd. Bankwest does not endorse or approve the depreciation schedule prepared by Deppro Pty Ltd.

  10. For Complete Fixed and Complete Equity loans, different rates apply. Investors can only borrow up to 90% of the property value.

  11. Different rates apply for interest only repayments, contact your Home Finance Manager or call us on 13 17 19 to find out more.

  12. Home loan cashback promotion is available to individuals who take out a new Bankwest home loan:
  • Applications must be submitted within the promotional period starting on 17 September 2018 and closing on 31 January 2019
  • Lending must be new to Bankwest (refinance of existing Bankwest loans is excluded)
  • Refinances from CommBank are excluded
  • Home loan must be for a minimum loan amount of $350,000
  • Your home loan borrowings must not exceed 90% of the property value
  • Repayment type must be principal and interest
  • Available on owner occupier and investor loans
  • Available on any Bankwest home loan product
  • Applications must settle on or before 31 March 2019
  • Normal lending policies apply
  • This offer is not available in conjunction with any other promotions
  • Only one cashback per eligible customer. Only one cashback per eligible home loan.

See full home loan cashback promotion terms and conditions (PDF).

Other fees may apply, including government and bank fees. A full list of fees will be set out in your home loan contract.