See your application status in real time with our Home Loan Application Tracker. 1
Lock in a competitive fixed rate for one to five years, and enjoy the peace of mind that comes with consistent repayments.
Get some certainty over your home loan repayments by locking in our great three-year fixed rate.
6.79%
p.a.
3 year fixed rate
8.40%
p.a.
Comparison rate
Up to 80% LVR. Loan sizes from $20,000 paying principal and interest.
6.99%
p.a.
3 year fixed rate
8.89%
p.a.
Comparison rate
Up to 90% LVR with LMI. Loan sizes from $20,000 paying principal and interest.
Bankwest’s Fixed Rate Home Loan is great if you want the certainty of knowing what your interest rate and repayments will be.
Your interest rate is fixed over a period of one to five years. You can choose from weekly, fortnightly or monthly repayments to help manage your budget.
?
If you decide to pay interest only, only monthly repayments are permitted.
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Redraw is not available while an account is on a Fixed Rate. This feature will be available once the Fixed Rate term ends. Eligible customers who receive a cashback payment into their Fixed Rate home loan account can access those funds upon request.
It’s worth thinking about the implications should you decide to break the loan during the fixed period, as break fees may apply.
You may be able to fix a new rate for a further period, or your home loan will revert to the standard variable rate. 2
Rates are based on your loan to value ratio (LVR) and lenders mortgage insurance (LMI) may apply.
Rates shown are for principal and interest repayments with loan sizes from $20,000.
Fixed term | Fixed rate | Comparison rate |
---|---|---|
1 year | 7.09% p.a. | 8.84% p.a. |
2 year | 6.99% p.a. | 8.63% p.a. |
3 year | 6.79% p.a. | 8.40% p.a. |
4 year |
6.89% p.a. | 8.26% p.a. |
5 year |
6.99% p.a. | 8.16% p.a. |
Fixed term | Fixed rate | Comparison rate |
---|---|---|
1 year | 7.29% p.a. | 8.86% p.a. |
2 year | 7.19% p.a. | 8.67% p.a. |
3 year | 6.99% p.a. | 8.46% p.a. |
4 year |
7.09% p.a. | 8.34% p.a. |
5 year |
7.19% p.a. | 8.25% p.a. |
Understand the comparison rate |
Fixed term | Fixed rate | Comparison rate |
---|---|---|
1 year | 7.49% p.a. | 8.88% p.a. |
2 year | 7.39% p.a. | 8.72% p.a. |
3 year | 7.19% p.a. | 8.52% p.a. |
4 year |
7.29% p.a. | 8.41% p.a. |
5 year |
7.39% p.a. |
8.34% p.a. |
Understand the comparison rate |
Fixed term | Fixed rate | Comparison rate |
---|---|---|
1 year | 7.99% p.a. | 8.94% p.a. |
2 year | 7.89% p.a. | 8.82% p.a. |
3 year | 7.69% p.a. | 8.67% p.a. |
4 year |
7.79% p.a. | 8.61% p.a. |
5 year |
7.89% p.a. | 8.57% p.a. |
Understand the comparison rate |
Fixed term | Fixed rate | Comparison rate |
---|---|---|
1 year | 7.29% p.a. | 9.43% p.a. |
2 year | 7.19% p.a. | 9.17% p.a. |
3 year | 6.99% p.a. | 8.89% p.a. |
4 year |
7.09% p.a. | 8.72% p.a. |
5 year |
7.19% p.a. | 8.59% p.a. |
Understand the comparison rate |
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. |
$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. | $295 |
Loan maintenence fee |
$12 per month |
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. No offset fee applies during the fixed term although a $12 monthly loan maintenance fee applies. At the end of the fixed term, a $10 monthly offset fee per offset account applies. Monthly offset fee is charged to the offset account, not the home loan. |
$0 |
Settlement attendance fee (Legal disbursement fee) ? Applies when we take a new security. |
$250 |
Other fees may apply, including government and bank fees. A full list of fees will be sent out in your home loan contract.
Rates and fees subject to change. Break fees apply within the fixed period. Download the Key Facts Sheet.
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With a Fixed Rate Home Loan, you fix your interest rate for a set period (between one and five years). Your rate and the repayments you make on your home loan won't change during this period.
At the end of your fixed rate period, you can choose to either fix a new rate, or roll to a variable rate home loan.
With a variable rate loan, the rate can go up and down, which means your repayments can vary. A fixed loan locks in your rate for an agreed period of time, so your repayments remain the same. You should consider the different types of home loans available.
Splitting a fixed loan would be considered a break in the fixed term, so break fees may apply. If you have a variable loan, it's easy to split your loan between variable and fixed.
Technically yes, but you'll likely have to pay break fees which can be in the thousands. The break fee depends on a number of factors, including how long you've got to go on your fixed period.
Get in touch with a Home Lending Specialist, and they'll respond within one business day. You can talk on the phone, meet at a branch, or have a Mobile Lending Manager come to you.
Use these calculators to guide you in your home ownership journey. Or browse our range of home loans.