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Home loans you can live with

Fixed and variable home loans, with the flexibility to match your situation.
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Compare home loan rates

Variable rates

Make the most of flexible payments and optional 100% offsets to save on home loan interest.*

Bankwest Simple Home Loan

6.24% p.a.
Variable rate
For borrowings from 60.01% - 80% of the property value. Principal and interest repayments.†^
6.27% p.a.
Comparison rate
  1. No annual fee
  2. Unlimited extra repayments
  3. Redraw
  4. Add an optional 100% Offset Transaction Account*

Get the complete package

A variable home loan, plus the flexibility to add on other good stuff – like multiple offset accounts, an eligible credit card, no progress payment fees for construction loans, for one annual fee of $395.*^^

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Fixed rates

Lock in a fixed rate and enjoy the peace of mind that comes with consistent repayments.

Fixed Rate Home Loan

6.49% p.a.

1 year fixed rate

For borrowings up to 80% of the property value. Principal and interest repayments.†^
8.78% p.a.
Comparison rate
  1. No annual fee
  2. Extra repayments up to $10,000 a year
  3. Redraw unavailable
  4. Add an optional 40% Offset Transaction Account*

Get the complete package

A fixed home loan, plus the flexibility to add on other good stuff – like multiple offset accounts and an eligible credit card, for one annual fee of $395.*^^

Start applying
Learn more

Why choose a Bankwest home loan?

  • Get started sooner

    Explore home loan options that could help you buy with a smaller deposit.

  • Help when it matters

    From comparing loans to applying, our home loan specialists can guide you through the process.

  • Less waiting

    Fast home loan approvals, helping you to keep your property plans on track.

  • An award-winning app

    Get the most out of your home loan with easy tools and support in the Bankwest App.

Home loan calculators

How much can I borrow

Add your income and expenses to calculate your borrowing power.
Borrowing power calculator

Home loan repayments

Calculate your mortgage repayments and discover how much you could save.
Home loan repayment calculator

Home equity

See how much equity you could access to spend on your next home, renovation or investment property.
Home equity calculator

It’s time to get started

Talk to a specialist

Tell us what you’re planning, and we’ll connect you with a home loan specialist to talk through your options.
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Get pre-approval

Get a clearer idea of how much you may be able to borrow before you start your property search.#

Finalise your loan

Found a property? We’ll explain what documents you need and help you work through your application.

Make your move

From approval to settlement, we’ll help you keep moving towards your property goal.
Start applying

A loan for every situation

Buying your first home

As a first home buyer, there’s a lot to take in. Here’s what you need to know.

Getting your deposit together

See how much you’ll need to save and which options might help you get there.

View guide

Applying for a loan

See the steps involved in applying for a home loan.
View guide

An award-winning home loan team, once again

Recognised by Australian Mortgage Awards for best-in-class service, approval times, innovation and support in 2024 and 2025.

Find the right loan for you

Talk to a specialist to get started

Common questions

You’ll need a deposit that covers a percentage of the house price, typically around 20%. The rest can be covered by a home loan (subject to approval). If you’re looking to enter the housing market with a lower deposit, options may be available – such as, paying Lenders Mortgage Insurance (LMI) or using a guarantor.

With a variable rate home loan your interest rate can go up and down as rates change. This means your repayments can go up and down too. It can be a good option if you want more flexibility, like making extra repayments, redrawing extra payments or using an offset account.

With a fixed rate home loan you can lock in your rate for up to five years. This means your rate won’t change during your fixed term and neither will your repayments. This can make it easier to budget, but there may be limits on extra repayments, redraw may not be available, and fees apply if you need to break your fixed rate early.

You could also choose to split your loan, which gives you a bit of both. Part of your loan is fixed and part is variable, so you can have some certainty around repayments while keeping some flexibility. Our Home Loan Specialists can help you work out if splitting your loan is the right option for you.​

We’ll ask for some key info like your identification, income, assets, expenses and liabilities. Whether you’re refinancing or buying a new property we’ve put together a guide with everything you need to know.

If you've built up enough usable equity in your current property, you could put this towards an investment property.

Loans for a property to live in (owner-occupier loans ) include but aren’t limited to loans to fund the purchase of a property, refinances of existing loans, and land or construction loans, where the borrower currently lives or intends to live at the property.

Loans for an investment purpose (investor loans) include but aren’t limited to loans where the predominant part is used to invest in an established property, construction or land. They also include refinancing an investor loan.

Principal and interest (P&I) refers to when your loan repayments cover both the loan amount portion (the principal) and the interest owing on that loan. This means the amount you owe will reduce over time.

Interest only (IO) repayments cover just the interest for an agreed period of time. This means the amount you owe won’t decrease during this time.

When you refinance your home loan to a new lender, you essentially take out a new loan. Therefore, you'll encounter similar application and bank fees. You should also check with your current lender whether any discharge or break fees apply. The good news is that you won't need to pay stamp duty when refinancing, as you already own the property.

Yes. A minimum of 18 months ABN registration is acceptable where the LVR is less than 80%.

If your variable interest rate changes, any applicable updates will be applied to your home loan from the effective date in line with your loan terms and conditions. We’ll notify you and explain how this may affect your repayments. For more information, visit our home loan rate changes page.

An offset account is a bank account that can help reduce the interest you pay on your home loan. Any money you have in your offset account is ‘offset’ against your home loan balance. As interest is calculated daily, the more money you have in your offset account, the less interest you’ll be charged on your linked eligible home loan.​

For more information, download the Mortgage Saver Offset Facility Customer Information Sheet (PDF).​

Things to consider

  • Lending and eligibility criteria, and fees and charges, apply for our home loans. Rates are subject to change.
  • Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.

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. 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.

* Offset accounts

Offset Transaction Accounts must be held in the same name as the associated loan account. Fees and charges may apply. Credit interest is not payable on the Offset Transaction Account. Where a monthly offset fee applies it will be charged to each offset account held, not the home loan.

With our Complete Fixed and Fixed Rate home loans maximum 40% offset is available. Other exclusions apply.

For the Fixed Rate Home Loan no offset fee applies during the fixed term, however a $12 monthly loan maintenance fee applies. At the end of the fixed term, a $10 monthly offset fee applies per offset account.

† Principal and interest repayments

Different rates apply for interest only repayments, contact your broker or Bankwest home loan specialist to find out more. Rates are subject to change.

^ Loans for a property to live in vs. loans for an investment purpose

Loans for a property to live in (owner-occupier loans) include but aren’t limited to loans to fund the purchase of a property, refinances of existing loans, and land or construction loans, where the borrower currently lives or intends to live at the property.

Loans for an investment purpose (investor loans) include but aren’t limited to loans where the predominant part is used to invest in shares, land, construction or an established property. They also include refinancing an investor loan.

# Pre-approval (approved in principle)

Pre-approval, or ‘approved in principle’ is a letter that indicates the amount we might be able to lend to you. This can give you a good idea of what your borrowing power might be before you go house-hunting. It’s based on the information you’ve given us (without validation or assessment) and is issued after we perform a credit check.

This is different from a conditional approval, where your information is validated and assessed before it’s issued.

^^ Complete Home Loan Package

Package consists of an eligible home loan, one optional eligible credit card per customer and up to nine optional Offset Transaction Accounts per loan. The Complete Home Loan Package is closed when all home loans included in the package are closed.
Under the package, only one optional Bankwest Qantas Mastercard, Bankwest More Mastercard or Breeze Mastercard account is allowed per customer. Minimum credit limit is $3,000 for the Bankwest Qantas Platinum Mastercard, $1,000 for the Bankwest More Classic Mastercard and the Breeze Classic Mastercard, and $6,000 for the Bankwest More Platinum Mastercard and Breeze Platinum Mastercard, and $12,000 for the Bankwest More World Mastercard and Bankwest Qantas World Mastercard.

## Property valuation fee

Any amount in excess of the standard fees is to be met by the customer.

‡ Other fees and charges apply

When you buy a property, other fees may apply, including government and bank fees. Calculate stamp duty, LMI and other upfront costs of buying a home. Rates and fees are subject to change. A full list of fees will be set out in your home loan contract.

Download the Key Facts Sheet for these products.

~ Application fee

Includes legal fees for standard mortgage preparation and one standard valuation fee. Any amount in excess of the standard fees is to be met by the customer.

Loan increase fee

The home loan Increase fee is charged when you increase the amount of credit on your existing home loan.

Settlement fee (legal disbursement fee)

Applies when we take a new security.

Loan to Value Ratio (LVR)

Loan to Value Ratio (LVR) is the portion of money you are borrowing in relation to the value of the property. For example, if you borrow $400,000 to buy a property worth $500,000, your LVR is 80% (400,000/500,000).

Lenders Mortgage Insurance (LMI)

Lenders’ Mortgage Insurance (LMI) is insurance to protect your lender if you have trouble with your repayments in the future. LMI can be an added expense when you’re buying your home, but you can avoid it if you save 20% or more of the value of the property.

Redraw

Redraw is not available while an account is on a Fixed Rate. This feature will be available once the Fixed Rate term ends.

Digital signing

Some exclusions apply. Due to state laws, restrictions apply to digitally signing the Mortgage Form in some States and Territories. Customers must have access to a device (computer or tablet recommended) with internet and email access.

DocuSign is a registered trademark of DocuSign, Inc.

Important documents

Offset Transaction Account terms and conditions

The relevant Product Schedule together with all of the related documents form the complete Product Disclosure Statement for this product.