Refinancing your home loan

Get less home load by refinancing your home loan to Bankwest. Switching to a loan that's better for you should ease your burden, not add to it. See how we can help you refinance your home loan.​

$2,000 cashback when you refinance to us

If you’re eligible and you apply to move your home loan to us by 25 February 2022, you could get less home load with $2,000 cashback. 3

Loan must be funded by 30 April 2022. Min. refinance amount $250k. For borrowings up to 90% (including lenders mortgage insurance) of the property value. Excludes refinances from Bankwest and CommBank. Eligibility requirements and T&Cs apply.

Why refinance your home loan to us?

Search for a lower rate

A lower rate could help reduce your repayments. We have a range of fixed and variable rate home loans to choose from.

Up to nine offset accounts per loan

This could help you manage your money and save on home loan interest.

Flexible repayments

Pay weekly, fortnightly or monthly. Plus, make extra repayments and redraw them when you need.

Your very own Home Lending Specialist

Our Home Lending Specialists help make the process easier – and our Mobile Lending Managers come to you. Book time to suit you.

Track your application online in real time

More clarity, less waiting and wondering with our Home Loan Application Tracker.

Sign your loan documents online

View, sign and return them anytime. Plus, less printing saves time and paper. 1

Should you refinance your mortgage?

Refinancing might be for you if you want a lower interest rate, more flexibility, to consolidate debt, or to use your equity to renovate or invest.

Less home load with our fixed rate

2.49%
p.a.

Two-year fixed rate

3.35%
p.a.

Comparison rate

Our Complete Fixed Home Loan Package offers the security of our fixed rate, plus the flexibility to add multiple offset accounts and an eligible credit card. 2

For owner occupied borrowings with principal and interest repayments. For borrowings up to 80% of the property value and loan sizes of $200,000+. Understand the comparison rate.

Refinance savings calculator

Wondering how your home loan compares? Get an idea of the interest and time you could save by switching to Bankwest.

We’re ready to help

Your very own Home Lending Specialist will respond within one business day. You can talk on the phone, meet at a branch, or have a Mobile Lending Manager come to you.

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.

Complete Home Loan Package:
Lending and eligibility criteria, and fees and charges apply – including an annual package fee of $395. Available to individuals and eligible family trusts. Minimum initial loan size $200,000. Rates are subject to change. Package consists of an eligible home loan, one optional eligible credit card per customer and up to nine optional Offset Transaction Accounts per loan.

  1. Digital signing excludes home loan transfers. Other 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.
  2. Offset Transaction Account must be held in the same name as the loan account. Other exclusions apply. Maximum 40% offset is available with our Complete Fixed Home Loan.
  3. Home loan cashback promotion is available to Australian residents aged 18+ who refinance a property with a new Bankwest home loan.

    • Home loan application must be submitted for full approval within the promotional period 12 November 2020 and 25 February 2022
    • Home loan must be funded on or before 30 April 2022
    • Lending must be new to Bankwest (refinances of existing Bankwest and CommBank loans are excluded from this offer)
    • Lending must not exceed a loan to value ratio (LVR) of 80% for applications received from 12 November 2020 to 14 September 2021​
    • Lending must not exceed a LVR of 90% (including lenders mortgage insurance) for applications received from 15 September 2021 to 25 February 2022
    • Repayment type can be principal and interest or interest only
    • Available on owner occupier and investor home loans
    • Minimum home-loan-specific refinance amount ≥$250k (excludes debt consolidation of personal loans and credit cards)
    • Any available Bankwest home loan product is eligible
    • Normal lending policies apply
    • This offer is not available in conjunction with any other promotions
    • Only one cashback per Eligible Customer. Only one cashback per eligible home loan. Where a home loan has more than one applicant and one applicant receives the cashback, all applicants are deemed to have received the cashback. Maximum cashback amount of $2,000
    • Eligible customers will receive $2,000 cashback transferred electronically into their new home loan account.

    See full T&Cs (PDF)