Loans for an investment purpose (also known as investor loans) include but are not 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 are not 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.
Fixed Rate Home Loan
Lock in a competitive fixed rate for one to five years, and enjoy the peace of mind that comes with consistent repayments.
Benefits
Track your application
See your application status in real time with our Home Loan Application Tracker. 1 Application tracker not available on lines of credit. Other exclusions may apply. Close
Save on application fees
Reduced $295 home loan application fee (save $400).
Choose your terms
Lock in a fixed rate for up to five years (rate will change depending on fixed term).
No surprises
Your interest rate and home loan repayments won't change during the fixed period.
How it works
Bankwest’s Fixed Rate Home Loan is great if you want the certainty of knowing what your interest rate and repayments will be.
Before going into a fixed rate loan
It’s worth thinking about the implications should you decide to break the loan during the fixed period, as break fees may apply.
At the end of the fixed rate period
You may be able to fix a new rate for a further period, or your home loan will revert to the standard variable rate. 3 For owner occupiers the standard variable rate is the Mortgage Shredder Reference Rate. For investors the standard variable rate is the Investor Reference Rate. Close
Rates and fees
What's the difference between a property to live in and an investment purpose
?
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| Rates - For new borrowing up to 90% of property value | ||
|---|---|---|
| Fixed term | Fixed rate | Comparison rate |
| 1 year fixed rate | 4.36% p.a. | 4.99% p.a. |
| 1 year fixed rate | 4.46% p.a. | 5.58% p.a. |
| 2 year fixed rate | 4.03% p.a. | 4.88% p.a. |
| 2 year fixed rate | 4.13% p.a. | 5.42% p.a. |
| 3 year fixed rate | 4.13% p.a. | 4.84% p.a. |
| 3 year fixed rate | 4.43% p.a. | 5.39% p.a. |
|
4 year fixed rate |
4.54% p.a. | 4.92% p.a. |
|
4 year fixed rate |
4.75% p.a. | 5.41% p.a. |
|
5 year fixed rate |
4.64% p.a. | 4.93% p.a. |
|
5 year fixed rate |
4.89% p.a. | 5.41% p.a. |
| Rates are for principal and interest repayments 4 |
Understand the comparison rate |
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| Fees | |
|---|---|
| Type of fee | Amount |
| Application fee ? Includes legal fees for standard mortgage preparation and one standard valuation fee. Any amount in excess of the standard fees are to be met by the customer. Close |
$295 (usually $695) |
| Home loan increase fee ? The Home Loan Increase Fee is charged when you increase the amount of credit on your existing home loan. Close | $295 |
| Loan maintenence fee |
$12 per month |
| Transfer fee ? | $135 |
| Redraw fee (redraw not available online) 5 $1,000 minimum redraw applies to other methods of redraw, including over the counter. Close | $0 |
|
Optional offset facility
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Offset Transaction Account must be held in the same name as the loan account. Other exclusions apply. Maximum 40% offset is available with our Fixed Rate Home Loan. At the end of the fixed term an offset fee of $10 per month will apply if an offset account is held. Monthly offset fee is charged to the offset account, not the home loan. Close |
$0 |
| Settlement attendance fee (Legal disbursement fee) ? Applies when we take a new security. Close |
$250 |
|
Understand the comparison rate |
|
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Note: When you buy a property, other fees may apply, including government and bank fees. Calculate yours.
Rates and fees are subject to change. Break fees apply within the fixed period.
Download the Key Facts Sheet for this product.
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.
Rates and fees are subject to change. Break fees apply within the fixed period.
Download the Key Facts Sheet for this product.
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.
Still exploring your options?
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.
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We can arrange home insurance packages through our partner CommInsure that are tailored to your needs.
Start your application online
Check your eligibility
- You must be 18 years or older
- You must be a permanent Australian resident
- Only available to individuals, eligible trusts and non-trading companies
- Minimum loan size $20,000
- You must meet Bankwest's lending criteria.
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Things you need to get started online
- Financial details, including your income, expenses, assets and liabilities
- Two forms of identification, like your Australian Driver’s licence, Medicare card or Australian passport.
Things you will need after you submit online
All home lending applications are required to hold evidence of building insurance prior to settlement or final progress payment. Bankwest will not book settlement without this in place.
Already started? Track your application.
Need help choosing a loan?
Get in touch with one of our Home Finance Managers, and they'll respond within one business day.