Refinance your home loan to us

We know that switching home loans can feel overwhelming, so we’ve made refinancing to Bankwest simple.

Why refinance your home loan to us?

Find a lower rate

A lower rate may help reduce your repayments – find out more from our range of fixed and variable rate home loans.



Flexible repayments on eligible home loans

Make weekly, fortnightly or monthly payments to suit you. Plus, make extra repayments to get ahead.



Use an offset and you could save on your home loan interest

Add one or multiple offset accounts to reduce the interest you pay on the lifetime of your loan.



Existing Bankwest home loan customers

Check out our range of guides to help you manage your existing home loan and make sure it's still working for you.

Variable rate home loan with less fees and less fuss

Bankwest Simple Home Loan


Variable rate


Comparison rate

Get started with a smaller deposit. Take control of your home loan by only selecting the features you need and you could save on fees. Plus, you can make extra repayments or redraw at no extra cost.

Rate subject to change. Owner occupied borrowings from 60.01% - 80% of the property value for principal and interest repayments. Minimum loan size of $20,000. 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.

How we make refinancing simple

  • Your own Home Lending Specialist to help you find a loan that works for you
  • Do it digital – sign and submit your home loan documents online 1
  • Track your application online in real time 2
  • Have your home loan at your fingertips in the Bankwest App and online banking.

When it comes to home loans, brokers rate us the best

Australian Mortgage Award Winners

Australian Mortgage Awards, Bank of the Year 2021 and 2022.

Reasons to refinance

Save on your mortgage

Refinancing can give you access to a lower rate or different features, like offset accounts, that help you save on interest over the lifetime of your loan and ultimately pay it off faster.

Use your home equity

Refinancing gives you access to any equity accrued in your property so that you can reach your next goal, like buying an investment property or renovating. Calculate your usable equity to know how much you could refinance for.

Consolidate your debt

Refinancing can help you simplify your finances by combining other debts, like personal loans, car loans or credit cards into your home loan. This streamlines your repayments and can help you save on interest and fees.

Home loan guides

Whether it's your first house or your third, an investment property or building your dream place – we've got the answers to your home ownership questions.

Keep in mind – refinancing is subject to lending criteria and can incur other fees and charges.

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.

Your home loan refinance questions answered

If you're looking to refinance your home loan to a new lender and have a personal loan, you have a few options. Remember to carefully consider interest rates and repayments when making changes.  ​

  1. Refinance your home loan to a new lender and leave your personal loan as is​

  2. Consider consolidating your debt in to your home loan to simplify your repayments​

  3. Consider moving your personal loan to a new lender, as well as your home loan​

Whether you refinance or take out a new home loan, we'll undertake certain serviceability and credit assessments to ensure that you can manage repayments going forward. If you're currently in arrears, then you may need to provide evidence and explanations to help us understand why.​

Remember, if you are finding it difficult to make repayments, it's important that you discuss options with your lender who might be able to help you with financial hardship assistance.

You can consider refinancing your home loan anytime. However, if your Loan to Value Ratio (LVR) is over 80% you may need to contribute towards a deposit or pay Lenders Mortgage Insurance (LMI). If you're currently on a fixed home loan, you might also encounter break fees.​

When you refinance your home loan to a new lender, you essentially take out a new loan. Therefore, you'll encounter similar application and bank fees. You should also check with your current lender whether any discharge or break fees apply. The good news is that you won't need to pay stamp duty when refinancing, as you already own the property. To get started and find out more, chat to a Home Lending Specialist.

Refinancing your home loan with the same bank is what we call a Home Loan Transfer. This is when you want to make changes to your home loan like borrow more, consolidate your debt or extend your term. Chat to your Home Lending Specialist to see what's possible.

You'll only need a deposit to refinance your home loan if your Loan to Value Ratio (LVR) is more than 80%.  If your LVR is more than 80%, you'll need to contribute your own funds, use any surplus in your mortgage if you've made additional repayments or you may need to pay Lenders Mortgage Insurance (LMI).​

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:
Rate subject to change. Comparison rate is calculated on the statutory assumption of $150,000 loan over 25 years. 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. Lending and eligibility criteria, fees and charges and T&Cs apply and are available on request. 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.


  1. 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.
  2. Application tracker not available on lines of credit. Other exclusions may apply.