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

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.

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. 2 If you decide to pay interest only, only monthly repayments are permitted.
5 Redraw is not available whilst an account is on a Fixed Rate. This feature will be available once the Fixed Rate term ends.

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.

Fixed home loan rates and fees

Understand the difference between loan purposes (a property to live in vs. an investment)

Show me rates for

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Rates - borrowings up to 80% of property value
Fixed term Fixed rate Comparison rate
1 year fixed rate 4.49% p.a. 5.45% p.a.
2 year fixed rate 5.09% p.a. 5.48% p.a.
3 year fixed rate 5.39% p.a. 5.54% p.a.
4 year fixed rate
5.49% p.a. 5.58% p.a.
5 year fixed rate
5.59% p.a. 5.63% p.a.
Rates are for principal and interest repayments 4 Understand the comparison rate
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Rates - borrowings 80.01% - 90% (including Lenders Mortgage Insurance) of the property value​
Fixed term Fixed rate Comparison rate
1 year fixed rate 4.69% p.a. 5.47% p.a.
2 year fixed rate 5.29% p.a. 5.52% p.a.
3 year fixed rate 5.59% p.a. 5.60% p.a.
4 year fixed rate
5.69% p.a. 5.65% p.a.
5 year fixed rate
5.79% p.a. 5.71% p.a.
Rates are for principal and interest repayments 4 Understand the comparison rate
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Rates - borrowings 90.01% - 95% (including Lenders Mortgage Insurance) of the property value​
Fixed term Fixed rate Comparison rate
1 year fixed rate 4.89% p.a. 5.49% p.a.
2 year fixed rate 5.49% p.a. 5.56% p.a.
3 year fixed rate 5.79% p.a. 5.65% p.a.
4 year fixed rate
5.89% p.a. 5.72% p.a.
5 year fixed rate
5.99% p.a. 5.80% p.a.
Rates are for principal and interest repayments 4 Understand the comparison rate
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Rates - borrowings 95.01% - 98% (including Lenders Mortgage Insurance) of the property value​
Fixed term Fixed rate Comparison rate
1 year fixed rate 5.39% p.a. 5.54% p.a.
2 year fixed rate 5.99% p.a. 5.66% p.a.
3 year fixed rate 6.29% p.a. 5.79% p.a.
4 year fixed rate
6.39% p.a. 5.90% p.a.
5 year fixed rate
6.49% p.a. 6.02% p.a.
Rates are for principal and interest repayments 4 Understand the comparison rate
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Rates - borrowings up to 90% (including Lenders Mortgage Insurance) of property value
Fixed term Fixed rate Comparison rate
1 year fixed rate 4.69% p.a. 6.06% p.a.
2 year fixed rate 5.29% p.a. 6.04% p.a.
3 year fixed rate 5.59% p.a. 6.06% p.a.
4 year fixed rate
5.69% p.a. 6.06% p.a.
5 year fixed rate
5.79% p.a. 6.08% 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. $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
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.

$0
Settlement attendance fee (Legal disbursement fee) ? Applies when we take a new security.  $250
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Note: When you buy a property, other fees may apply, including government and bank fees. Calculate the upfront costs of buying a home.

Rates and fees are subject to change. Break fees apply within the fixed period.

Download the Key Facts Sheet for this product.
 

Start your application online

Check your eligibility

  • You must be 18 years or older
  • You must be a permanent Australian resident
  • Available to individuals, and eligible family trusts (through relationship managers or Bankwest small business customers service team only)
  • Minimum loan size $20,000 
  • You must meet Bankwest's lending criteria.

  • 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.

See a detailed list of what you may need

Already started? Track your application.

Frequently asked questions

Info at your fingertips

1

What is the difference between fixed and variable rate?

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.

2

Can you split a fixed rate home loan?

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.

3

Can you break a fixed term home loan?

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.

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.

Still exploring your options?

Use these mortgage calculators to guide you in your home ownership journey. Or, view all our home loan calculators.

Browse our home loans

…and find one to suit you.

Calculate home loan repayments

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 home loan fees and stamp duty

Get an estimate on stamp duty, lenders' mortage insurance and other non-standard home buying fees that come with purchasing a property.

Calculate how much you could save

Compare the repayments on Bankwest home loans and find out if refinancing your loan may save you money on interest in the long term.

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.

  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.

  4. Different rates apply for interest only repayments. Contact your Home Lending Specialist or call us on 13 17 19 to find out more.

  5. Redraw is not available whilst an account is on a Fixed Rate. This feature will be available once the Fixed Rate term ends.

  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.