Variable Rate Home Loan

Get a flexible discounted rate with the Premium Select Home Loan.


For principal and interest repayments, borrowings up to 90% of the property value, and loan sizes of 20,000+.

Why choose our Premium Select Home Loan?

$0 application fee

Save $695.

$0 account maintenance fee

And $0 annual fee.

Optional 100% offset account

To help save on home loan interest and pay your mortgage faster. 1 Offset Transaction Account must be held in the same name as the loan account. Other exclusions apply. Close

Redraw your extra repayments

Online for free.


Type of fees Amount
Application fee i 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 $0 (usually $695)
Home loan increase fee i The Home Loan Increase Fee is charged when you increase the amount of credit on your existing home loan. Close $295
Transfer fee i $135
Redraw fee 2 $1,000 minimum redraw applies to other methods of redraw, including over the counter. Close $0
Optional offset facility 1 Offset Transaction Account must be held in the same name as the loan account. Other exclusions apply. Close $10 per month
Settlement attendance fee (Legal disbursement fee) i Applies when we take a new security.  Close  $250
Other fees may apply when you buy a property, including government and bank fees – calculate them. Rates and fees are subject to change. A full list of fees will be sent out in your home loan contract.

Download the Key Facts Sheet for this product.

Still exploring your options?

Browse our home loans

…and find one to suit you.

Home loan repayments calculator

Work out what your mortgage repayments could be and discover how much you could save if you make extra repayments.

Calculate your borrowing power

Find out how much you could 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’ Mortgage 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.

Let’s talk about what’s possible

Get in touch with a Home Finance Manager – choose the option that’s right for you.

Start your application online

Check your eligibility

  • You must be 18 years or older
  • You must be a permanent Australian resident
  • Minimum loan size $20,000
  • Available to individuals and eligible family trusts
  • You must meet Bankwest's lending criteria.

Things you need to get started online

  • 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.