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Complete Variable Home Loan Package

Take advantage of our great variable rates with the flexibility to add other features that suit your needs — like multiple offset accounts and an eligible credit card. 1 Offset Transaction Account must be held in the same name as the loan account. Maximum 40% offset is available with our Complete Fixed and Fixed Rate home loans. Other exclusions apply. Account holders must be 18 years or older. Other fees and charges may apply. Credit interest is not payable on this account. Where a monthly offset fee applies, it will apply to each offset account held.

Enquire now Start applying today

Our variable rates

A standard variable rate home loan package with a wide range of add on features.

Property to live in

6.99%
p.a.

Variable rate

7.37%
p.a.

Comparison rate

Up to 90% LVR with LMI paying principal and interest. Loan sizes from $200,000.

Investment purpose

7.89%
p.a.

Variable rate

8.26%
p.a.

Comparison rate

Up to 95% LVR with LMI paying principal and interest. Loan sizes from $200,000.

Enquire now
Make sure you understand the comparison rate and loan purpose.

How the Complete Home Loan Package works

For an annual package fee of $395, you get a Complete Variable Home Loan, plus the flexibility to add on features to help you manage your mortgage and money your way.

For a less lazy home loan, you can choose to add...

Up to nine offset accounts

Slice and dice your money into multiple offset accounts to help you manage your money while saving on home loan interest. Use an offset like an everyday bank or savings account where the balance in each account is reduced from your home loan balance, reducing the overall interest you pay. 1 Offset Transaction Account must be held in the same name as the loan account. Maximum 40% offset is available with our Complete Fixed and Fixed Rate home loans. Other exclusions apply. Account holders must be 18 years or older. Other fees and charges may apply. Credit interest is not payable on this account. Where a monthly offset fee applies, it will apply to each offset account held.

An eligible credit card

To enjoy our low ongoing purchase rate, add a Breeze Mastercard® (Classic or Platinum). To earn points on your eligible purchases, add a Bankwest More Mastercard (Classic, Platinum or World) or Bankwest Qantas Mastercard (Platinum or World).

Pick one to suit your needs and pay no annual credit card fee. Other fees and charges may apply. 2

Why choose our Complete Variable Home Loan Package?

Ability to split or switch your loan

You could choose to split between variable and fixed. You can also switch between the two at any time later. 3 Other fees and charges, such as break fees on a fixed rate loan, may apply.

Flexible repayments

Pay weekly, fortnightly or monthly to suit your pay cycle. Plus, make unlimited extra repayments to help pay your loan off faster. ? If you decide to pay interest only, only monthly repayments are permitted.

Home loan redraw

Access your extra repayments for free when you need, or even use your surplus to take a break from making repayments. 4 There is no minimum redraw amount, including transactions completed over the counter.

Save on fees

$0 home loan application fee and property valuation fees. Other fees and charges may apply.

Easy digital application experience

Track your application online in real time with our Home Loan Application Tracker. You can also sign your loan documents online anytime. 5 6

Want to get closer to your goals?

Whether you’re renovating, building a house or buying an investment property, the flexibility of our Complete Home Loan Package could help you get there.

Great for construction

No progress payment fees apply for construction loans. Find out more about construction loans.

Investor savings

For investment properties, receive a saving on the cost of a depreciation schedule prepared by DEPPRO Pty Ltd. 8 If you take out a Bankwest home loan for investment purposes, you will be contacted by DEPPRO Pty Ltd. Bankwest does not endorse or approve the depreciation schedule prepared by DEPPRO Pty Ltd.

Apply for additional lending or reduce your limit

This lets you renovate, upsize, downsize or invest in property. Lending criteria applies.

Variable interest rates and fees

Get a discount off Bankwest’s standard variable rate. 7

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 $200,000.
Loan purpose
LVR Variable rate Comparison rate
Up to 90% with LMI
6.99% p.a.
7.37% p.a.
90.01% to 95% with LMI
7.14% p.a.
7.51% p.a.
95.01% to 98% with LMI
8.77% p.a.
9.13% p.a.
Understand the comparison rate
LVR
Variable rate
Comparison rate
Up to 90% with LMI
6.99% p.a.
7.37% p.a.
90.01% to 95% with LMI
7.14% p.a.
7.51% p.a.
95.01% to 98% with LMI
8.77% p.a.
9.13% p.a.
Understand the comparison rate
LVR Variable rate Comparison rate
Up to 95% with LMI
7.89% p.a.
8.26% p.a.
Understand the comparison rate
LVR
Variable rate
Comparison rate
Up to 95% with LMI
7.89% p.a.
8.26% p.a.
Understand the comparison rate
Fee Amount
Annual Package fee ? This is charged to the nominated home loan.
$395
Redraw fee 4 There is no minimum redraw amount, including transactions completed over the counter.
$0
Settlement attendance fee (Legal disbursement fee) ? Applies when we take a new security. 
$250
Fee
Amount
Annual Package fee ? This is charged to the nominated home loan.
$395
Redraw fee 4 There is no minimum redraw amount, including transactions completed over the counter.
$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. Download the Key Facts Sheet.

Offset Transaction Account terms and conditions

The relevant Product Schedule together with all of the related documents form the complete Product Disclosure Statement for this product.

Product Schedule:

Related documents:

Home Lender of the Year

Reason to celebrate

Awarded by you in Money magazine's Consumer Finance Awards 2023.

Get started on your home loan

We just need a few details to get started. Once you’ve submitted them, one of our Home Lending Specialists will give you a call.

Get conditional pre-approval

Be prepared by knowing how much you may be able to borrow. Conditional pre-approval is valid for 90 days and gives you that boost of confidence while you're on the property hunt.

Request conditional pre-approval

Start your home loan application

Found your dream home and ready to apply? Or, perhaps you’re switching to Bankwest? Provide us with some details to get started.

Start applying for a home loan

Frequently asked questions

It's a home loan with other features and services included, like offset accounts and credit cards, under one package fee.

An offset account is a bank account that's linked to your home loan and the money in that account will offset your home loan – so you pay less interest. You can still use it like a normal bank account too and might be able to open multiple.

It's easy to switch your current variable home loan, we'll just need some information first. Chat to a Home Lending Specialist to get started and they'll help you from start to finish.

If you're interested in fixing your home loan, or splitting your loan - it's easy. To get started, chat to a Home Lending Specialist who will take you through it.

Looking to fix your loan?

We also offer a fixed rate package option.
See if our Complete Fixed Home Loan package will suit you.

Find out more

Get in touch with a Home Lending Specialist

Make an enquiry

Book an appointment

Start applying today

Still exploring your options?

Use these calculators to guide you in your home ownership journey. Or browse our range of home loans.

Browse all calculators

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.

Loan 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.

Loan to Value Ratio (LVR) is the portion of money you are borrowing in relation to the value of the property.

Lenders’ Mortgage Insurance (LMI) is insurance to protect your lender if you have trouble with your repayments in the future. LMI can be an added expense when you’re buying your home, but you can avoid it if you save more than 20% of the value of your property to pay as a deposit.

Other conditions apply.
 

  1. Offset Transaction Account must be held in the same name as the loan account. Maximum 40% offset is available with our Complete Fixed and Fixed Rate home loans. Other exclusions apply. Account holders must be 18 years or older. Other fees and charges may apply. Credit interest is not payable on this account. Where a monthly offset fee applies, it will apply to each offset account held.
  2. Under the package, only one optional Bankwest Qantas Mastercard, Bankwest More Mastercard or Breeze Mastercard account is allowed per customer. Minimum credit limit is $3,000 for the Bankwest Qantas Platinum Mastercard, $1,000 for the Bankwest More Classic Mastercard and the Breeze Classic Mastercard, and $6,000 for the Bankwest More Platinum Mastercard and Breeze Platinum Mastercard and $12,000 for the Bankwest More World Mastercard and Bankwest Qantas World Mastercard.
  3. Other fees and charges, such as break fees on a fixed rate loan, may apply.
  4. There is no minimum redraw amount, including transactions completed over the counter.
  5. Digital signing – some exclusions apply. Due to state laws, restrictions apply to digitally signing the Mortgage Form in some States and Territories. Customers must have access to a device (computer or tablet recommended) with internet and email access.
  6. Application tracker not available on lines of credit. Other exclusions may apply.
  7. For owner occupiers the rate is the Standard Variable Reference Rate or the Standard Variable Interest Only Reference Rate. For investment purposes the standard variable rate is the Investor Variable Reference Rate or the Investor Variable Interest Only Reference Rate. See our home loan reference rates.
  8. If you take out a Bankwest home loan for investment purposes, you will be contacted by DEPPRO Pty Ltd. Bankwest does not endorse or approve the depreciation schedule prepared by DEPPRO Pty Ltd.

Package consists of an eligible home loan, one optional eligible credit card per customer and up to nine optional Offset Transaction Accounts per loan.

The Complete Home Loan Package is closed when all home loans included in the package are closed.

Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.

Easy Alerts are available for mobile personal banking accounts on eligible devices in which you have the Bankwest App installed and notifications enabled. Limited alerts only are available for credit products. Consider the Product Disclosure Statement (PDS) and Bankwest App Terms of Use available from Bankwest before deciding whether the product is right for you. Fees and charges may apply with the App.

The information contained on this web page is of a general nature and is not intended to be nor should it be considered as professional advice. You should not act on the basis of anything contained in this web page without first obtaining specific professional advice. Also to the extent permitted by law, Bankwest, a division of Commonwealth Bank of Australia ABN 48 123 123 124 AFSL / Australian credit licence 234945, its related bodies corporate, employees and contractors accept no liability or responsibility to any persons for any loss which may be incurred or suffered as a result of acting on or refraining from acting as a result of anything contained on this web page.