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.
A taster of our rates
Property to live in
2.09%
p.a.
Two-year fixed rate
4.33%
p.a.
Comparison rate
For borrowings up to 80% of the property value and loan sizes of $20,000+. For principal and interest repayments.
Investment purpose
2.69%
p.a.
Three year fixed rate
4.75%
p.a.
Comparison rate
For borrowings up to 90% of the property value and loan sizes of $20,000+. For principal and interest repayments.
Why choose our Fixed Rate Home Loan?
Track your application
See your application status in real time with our Home Loan Application Tracker. 1
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
Understand the difference between loan purposes (a property to live in vs. an investment)
| Rates - For new borrowing up to 80% of property value | ||
|---|---|---|
| Fixed term | Fixed rate | Comparison rate |
| 1 year fixed rate | 2.34% p.a. | 4.57% p.a. |
| 2 year fixed rate | 2.09% p.a. | 4.33% p.a. |
| 3 year fixed rate | 2.27% p.a. | 4.17% p.a. |
|
4 year fixed rate |
2.49% p.a. | 4.07% p.a. |
|
5 year fixed rate |
2.79% p.a. | 4.04% p.a. |
| Rates are for principal and interest repayments 4 |
Understand the comparison rate |
|
| Rates - For new borrowing between 80.01% - 90% of the property value | ||
|---|---|---|
| Fixed term | Fixed rate | Comparison rate |
| 1 year fixed rate | 3.09% p.a. | 4.64% p.a. |
| 2 year fixed rate | 2.26% p.a. | 4.36% p.a. |
| 3 year fixed rate | 2.53% p.a. | 4.24% p.a. |
|
4 year fixed rate |
3.79% p.a. | 4.50% p.a. |
|
5 year fixed rate |
3.49% p.a. | 4.32% p.a. |
| Rates are for principal and interest repayments 4 |
Understand the comparison rate |
|
| Rates - For new borrowing up to 90% of property value | ||
|---|---|---|
| Fixed term | Fixed rate | Comparison rate |
| 1 year fixed rate | 3.39% p.a. | 5.26% p.a. |
| 2 year fixed rate | 3.39% p.a. | 5.09% p.a. |
| 3 year fixed rate | 2.69% p.a. | 4.75% p.a. |
|
4 year fixed rate |
3.79% p.a. | 4.92% p.a. |
|
5 year fixed rate |
2.88% p.a. | 4.45% p.a. |
| Rates are for principal and interest repayments 4 |
Understand the comparison rate |
|
| 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 all methods of redraw, including over the counter. Close | $0 |
|
Optional offset facility
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. 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. Close |
$0 |
| Settlement attendance fee (Legal disbursement fee) ? Applies when we take a new security. Close |
$250 |
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.
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.
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.
Need help choosing a loan?
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.