Rates for principal and interest payments with loan sizes from $20,000. Different rates apply for interest only.
Make sure you understand the comparison rate and loan purpose .
Get a discount off Bankwest’s standard variable rate. 2
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 $20,000.
LVR | Variable rate | Comparison rate |
---|---|---|
Up to 60%
|
6.29% p.a.
|
6.32% p.a.
|
60.01% to 80%
|
6.34% p.a.
|
6.37% p.a.
|
80.01% to 90% with LMI
|
6.54% p.a.
|
6.57% p.a.
|
90.01% to 95% with LMI
|
7.14% p.a.
|
7.17% p.a.
|
95.01% to 98% with LMI
|
8.77% p.a.
|
8.80% p.a.
|
LVR | Variable rate | Comparison rate |
---|---|---|
Up to 60%
|
6.44% p.a.
|
6.47% p.a.
|
60.01% to 80%
|
6.49% p.a.
|
6.52% p.a.
|
80.01% to 90% with LMI
|
6.89% p.a.
|
6.92% p.a.
|
90.01% to 95% with LMI
|
7.89% p.a.
|
7.92% p.a.
|
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.
|
$0 (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
|
Redraw fee
3
There is no minimum redraw amount.
|
$0
|
Optional offset facility
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.
|
$10 per month for each offset account
|
Settlement attendance fee (Legal disbursement fee)
?
Applies when we take a new security.
|
$350
|
Other fees may apply, including government and bank fees. A full list of fees will be sent out in your home loan contract.
We're available seven days a week, including evenings.
You could pay your home loan off faster with up to nine offset accounts. 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.
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MFAA ‘Non-Major Lender of the Year’ for seven years running, Australian Mortgage Awards ‘Bank of the Year’ twice, and Mortgage Business Non-Major Bank of the Year 2024.