Your property goals may be closer than you think

Our Equaliser Home Loan offers 1.35% p.a. off the average of three major banks' standard variable rates for three years (for owner occupiers). Minimum rate 2.50% p.a. Conditions apply.

Equaliser Home Loan

A home loan rate lower than the average standard variable rates of ANZ, NAB and Westpac for the first three years.1


Competitive rate

Owner occupiers get a discount of 1.35% p.a. off the average of the standard variable rates of three major banks for the first three years. Minimum rate 2.50% p.a.1

Save on fees

The application fee (usually $695) is waived for a limited time only.

Manage online

Redraw funds online at any time and pay no fees. 2 A $10 fee and $1,000 minimum redraw applies to other methods of redraw, including over the counter. Close

How it works

For the first three years of your loan, you'll get a discount of 1.35% p.a. off the average of the standard variable rates of ANZ, NAB and Westpac.1

We calculate the average of the three major banks twice a month and adjust your rate accordingly. A minimum rate of 2.50% p.a. applies.1

After the first three years, you'll get a discount off our standard variable rate, currently 4.32% p.a. (comparison rate 4.25% p.a.) for owner occupiers.1
Comparison rate warning

Rates and fees


Amount you want to borrow

Introductory three-year variable rate

Comparison rate


3.95% p.a.

4.25% p.a.

This loan is available for new borrowings only.

Comparison rate warning



Type of fee


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. Close

$0 (usually $695)

Transfer fee ? Transfer fee is payable on or before the date when your existing loan contract is varied at your request, including but not limited to transferring your home loan to another product type, changing the interest rate tier within the same product or splitting your home loan or combining it with another home loan.


Online redraw fee 2 A $10 fee and $1,000 minimum redraw applies to other methods of redraw, including over the counter. Close


Settlement attendance fee (Legal disbursement fee) ? Applies when we take a new security.  Close 



Note: When you buy a property, other fees may apply, including government and bank fees. Calculate yours.
Rates and fees are subject to change without notice. A full list of fees will be set out in your home loan contract.
Download the Key Facts Sheet for this product.

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 and Equaliser Home Loan. 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.

Start your application today

Check your eligibility

  • You must be 18 years or older
  • You must be a permanent Australian resident
  • Minimum loan size $200,000
  • Available to individuals only
  • You must meet Bankwest's lending criteria

Things you need for your application

  • Driver's licence (if you have one)
  • Employment details, including contact numbers and length of employment
  • Financial details, including your income, expenses and assets
  • 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.

Find out more about what you may need to provide.

Already applied? Track your application.

Need help choosing a loan?

Get in touch with one of our Home Loan Specialists, and they'll respond within one business day.

Things you should know

1. Bankwest Equaliser Home Loan Annual Percentage Rate is a variable 3 year introductory rate which is the higher of:

  • 2.50% p.a.; or
  • The average of NAB Standard Variable Rate for home loans, Westpac P&I Variable Home Loan (owner occupier) rate, and ANZ Standard Variable Rate for home loans calculated twice per month, less a discount of 1.35% p.a.
    Available to individuals and for new owner occupier loans over $200,000 for up to 80% of the property value with principal and interest repayments only. After the introductory period the rate reverts to the Bankwest Standard Variable Rate for owner occupiers (Mortgage Shredder Reference Rate) less a discount of 1.10% p.a. Different discounts and revert rates apply for loans with investment purposes. Information, including rates and discounts is subject to change.

2. A $10 fee and $1,000 minimum redraw applies to other methods of redraw, including over the counter.