Different rates apply for interest only repayments, contact your Home Finance Manager or call us on 13 17 19 to find out more.
Property to live in
Two year fixed rate
For principal and interest repayments, borrowings up to 90% of the property value, and loan sizes of $20,000+.
Two year fixed rate
Three year fixed rate
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).
Your interest rate and home loan repayments won't change during the fixed period.
Bankwest’s Fixed Rate Home Loan is great if you want the certainty of knowing what your interest rate and repayments will be.
Choose your fixed rate period and repayment frequency
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.
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.
Understand the difference between loan purposes (a property to live in vs. an investment)
|Rates - For new borrowing up to 90% of property value|
|Fixed term||Fixed rate||Comparison rate|
|1 year fixed rate||3.09% p.a.||4.64% p.a.|
|1 year fixed rate||3.39% p.a.||5.26% p.a.|
|2 year fixed rate||2.44% p.a.||4.39% p.a.|
|2 year fixed rate||3.39% p.a.||5.09% p.a.|
|3 year fixed rate||2.53% p.a.||4.24% p.a.|
|3 year fixed rate||2.69% p.a.||4.75% p.a.|
4 year fixed rate
||3.49% p.a.||4.40% p.a.|
4 year fixed rate
||3.79% p.a.||4.92% p.a.|
5 year fixed rate
||3.29% p.a.||4.24% p.a.|
5 year fixed rate
||3.49% p.a.||4.69% p.a.|
|Rates are for principal and interest repayments 4||
Understand the comparison rate
|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.||
$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
|Transfer fee ?||$135|
|Redraw fee (redraw not available online) 5 $1,000 minimum redraw applies to other methods of redraw, including over the counter.||$0|
Optional offset facility
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.
|Settlement attendance fee (Legal disbursement fee) ? Applies when we take a new security.||
Transfer fee is payable on or before the date when your existing loan contract is varied at your request, including but not limited to transferring your home loan to another product type, changing the interest rate tier within the same product or splitting your home loan or combining it with another home loan.
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.
Things you need to get started online
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.
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.
Loans for a property to live in vs. loans for an investment purpose
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 lives or intends to live in the property.
Loans for an investment purpose – also known as 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.
Other conditions apply.
1. Application tracker not available on lines of credit. Other exclusions may apply
2. If you decide to pay interest only, only monthly repayments are permitted.
4. Different rates apply for interest only repayments, contact your Home Finance Manager or call us on 13 17 19 to find out more.
5. $1,000 minimum redraw applies to all methods of redraw, including over the counter.
6. 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.