Home loan offset calculator

Use our calculator to find out how much you could save on your home loan interest over the life of the loan if you use an offset account. 1 Offset Transaction Account must be held in the same name as the loan. Maximum 40% offset is available with our Complete Fixed and Fixed Rate Home Loan. Other exclusions apply. Where a monthly offset fee applies, it will apply to each offset account held.

If you have a Complete Home Loan, you can open up to nine offset transaction accounts to help you manage your money while reducing your home loan interest.

Offset Account

If you’ve got an eligible home loan, you could make the most of it by opening up to nine offset accounts to bucket your money. They’re linked to your home loan – meaning you could save on interest, too. 1 Offset Transaction Account must be held in the same name as the loan. Maximum 40% offset is available with our Complete Fixed and Fixed Rate Home Loan. Other exclusions apply. Where a monthly offset fee applies, it will apply to each offset account held.

Still exploring your options?

Browse our home loans

…and find one to suit you.

Calculate your borrowing power

Calculate your borrowing power and what your repayments might be.

Calculate how much you could save

Compare repayments to find out whether refinancing your loan could save you money on interest.

Calculate home loan repayments

Calculate your mortgage repayments and discover how much you could save if you make extra repayments.

Apply today

Open an offset account in the Bankwest App. Or, get in touch with one of our Home Lending Specialists, and they’ll respond within one business day.

What’s the difference between a property to live in, and an investment purpose?
Loans for an investment purpose (also known as investor loans) include – but aren’t limited to – loans where the predominant part of the loan is used to invest in shares, land, construction or an established dwelling (including refinance of investment loans).

Loans for a property to live in (also known as owner-occupier loans) include – but aren’t limited to – loans to fund the purchase of a property or refinance an existing loan, where the borrower currently resides or intends to reside in the property.

Other conditions apply.

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 account is not available with our Equaliser home loan or equity products and must be held in the same name as the loan account. Account holders must be 18 years or older. Other fees and charges, including Overseas ATM Access and Foreign Transaction Fees, may apply. Credit interest is not payable on this account.

Complete Home Loan Package:
Lending and eligibility criteria, fees and charges apply including an annual package fee of $395. Terms and conditions apply and are available on request. The Complete Home Loan Package is available to individuals and eligible family trusts. Minimum initial loan size $200,000. The package consists of an eligible home loan, one optional eligible credit card per customer and optional Offset Transaction account. Offset Transaction Account must be held in the same name as the loan account. Maximum 40% offset available with Complete Fixed Home Loan. Other exclusions apply. Consider the Offset Transaction Account Product Disclosure Statement (PDS) available from bankwest.com.au and whether the product is right for you. Mastercard and the circles design are registered trademarks, and tap & go is a trademark, of Mastercard International Incorporated. Variable rate is subject to change.

  1. Offset Transaction Account 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. Where a monthly offset fee applies, it will apply to each offset account held.