Want us to cover your first home loan repayment?

WA first home buyer? We want to help you deck out your new home sooner – and not just with deck chairs. Apply for a home loan by 31 Jan 2020 and we could cover your first min. monthly repayment up to $2.5k.

Owner occupier borrowings with principal and interest repayments only. Eligibility requirements, lending criteria, fees, charges and T&Cs apply. See full T&Cs.

How it works

Apply for a home loan

Our Home Finance Managers can help you find a home loan to suit you.

Move in to your new home

After your home loan’s approved and settlement’s done, it’s time to plan that housewarming party and pick out your new furniture.

Receive the payment

It’ll be made to your home loan account the month after your loan’s funded, before your first min. monthly repayment is due.

Important stuff

You could take advantage of this offer if...
1

It’s the first home (or piece of land) you’re buying, it’s to live in, and it’s in WA

2

You apply for a home loan by 31 Jan 2020

3

Home loan disbursal happens by 30 April 2020

4

You’re making repayments on the principal (loan amount) and interest

For all the important details and eligibility criteria, see the full T&Cs.

Check out our home loans

Complete Variable Home Loan Package

Combine a Complete Variable Home Loan, rewards credit card and offset account into one flexible package. Min. loan size $200,000.

Complete Fixed Home Loan Package

The security of our great fixed home loan rate, plus a rewards credit card and offset account. Min. loan size $200,000.

Variable Rate Home Loan

When you don’t need to borrow as much - and don’t need the included extras. Min. loan size $20,000 and a discount off Bankwest’s standard variable rate.

Fixed Rate Home Loan

When you don’t need the included extras or to borrow as much - but want the certainty of locking in your rate for one to five years. Min. loan size $20,000.

FAQs

Answers at your fingertips

1

How much of my first repayment will Bankwest cover?

If you’re eligible for this offer, you’ll receive a payment amount equivalent to your first minimum monthly repayment - up to a maximum of $2,500.

What’s your minimum monthly repayment? It’s the lowest amount you have to pay each month to meet the terms of your home loan contract, and it’s what your weekly, fortnightly or monthly repayments all contribute to each month.

If your first minimum monthly repayment is more than $2,500, you’ll need to pay the difference. For example, if it’s $3,000, you’ll need to make a total repayment of $500 by the due date.

2

Will I still need to make repayments in the first month?

If your first minimum monthly repayment is $2,500 or less, you won’t need to make your weekly, fortnightly or monthly repayments in the first month. If you choose to make repayments anyway, it just means you’ll be ahead – nice one.

Keep in mind that if your first minimum monthly repayment is more than $2,500, you’ll need to pay the difference. For example, if it’s $3,000, you’ll need to make a total repayment of $500 by the due date.

3

How and when will I receive the money?

Payment will be deposited into your home loan account sometime during the month after your home loan’s funded, before your first minimum monthly repayment is due. We’ll email that month to let you know. We’ll also tell you if - for any reason - you’re not eligible to receive the payment.

Get in touch

Find out what's possible with our home loans and how we could cover your first min. monthly repayment up to $2.5K.