Save $695.
A fixed rate home loan locks in your home loan rate for an agreed period, usually one to five years. A variable home loan is often more flexible, but the rate can change. Learn more on the differences between fixed and variable rates.
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Variable Rate Home Loan
Get a discount off our standard variable rate with the Premium Select Home Loan.
Variable home loan rates
For principal and interest repayments, borrowings up to 70% of the property value, and loan sizes of $20,000+.
Property to live in
3.03%
p.a.
Variable rate
3.05%
p.a.
Comparison rate
Investment purpose
3.29%
p.a.
Variable rate
3.31%
p.a.
Comparison rate
Understand the comparison rate and difference between loan purposes (a property to live in vs. an investment).
Why choose our Variable Rate Home Loan?
Variable interest rates and fees
Get a discount off Bankwest’s standard variable rate. 3
Understand the difference between loan purposes (a property to live in vs. an investment)
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| Rates – borrowings up to 70% of the property value | ||
|---|---|---|
| Amount you want to borrow | Variable rate | Comparison rate |
| $20,000+ | 3.03% p.a. | 3.05% p.a. |
| $20,000+ | 3.29% p.a. | 3.31% p.a. |
| Rates are for principal and interest repayments 4 | ||
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| Rates – borrowings 70.01% - 80% of the property value | ||
|---|---|---|
| Amount you want to borrow | Variable rate | Comparison rate |
| $20,000+ | 3.08% p.a. | 3.10% p.a. |
| $20,000+ | 3.39% p.a. | 3.41% p.a. |
| Rates are for principal and interest repayments 4 | ||
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| Rates – borrowings 80.01% - 90% (including Lenders Mortgage Insurance) of the property value | ||
|---|---|---|
| Amount you want to borrow | Variable rate | Comparison rate |
| $20,000+ | 3.43% p.a. | 3.45% p.a. |
| $20,000+ | 3.84% p.a. | 3.86% p.a. |
| Rates are for principal and interest repayments 4 | ||
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| Fees | |
|---|---|
| Fee | 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. | $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. | $295 |
| Transfer fee i | $135 |
|
Redraw fee
2
There is no minimum redraw amount, including transactions completed over the counter. |
$0 |
| Optional offset facility 1 Offset Transaction Account must be held in the same name as the loan account. Other exclusions apply. |
$10 per month for each offset account |
| Settlement attendance fee (Legal disbursement fee) i Applies when we take a new security. |
$250 |
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Other fees may apply when you buy a property, including government and bank fees – calculate the upfront costs of buying a home.
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.
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.
- Download the Choosing Your Home Loan Repayment Option customer information sheet (PDF)
- Download the Mortgage Saver Offset Facility customer information sheet (PDF)
- Download the Variable & Fixed Interest Rate Home Loans customer information sheet (PDF)
- Download the Home Loans Terms and Conditions (PDF)
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 (through relationship managers or Bankwest small business customers service team only)
- You must meet Bankwest's lending criteria.
Already started? Track your application.
Frequently asked questions
Info at your fingertips
Let’s talk about what’s possible
Book time with a Home Lending Specialist – when and where it suits you. 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.