Fixed Rate Home Loan

Lock in a competitive fixed rate for one to five years, and enjoy the peace of mind that comes with consistent repayments.

$1,500 cashback with our home loans

Apply for a new home loan by 30 Nov 2018 and you could enjoy $1,500 cashback.

Min loan amount $350,000. Eligibility requirements and T&Cs apply. 6

Benefits

Save on application fees 

Reduced $295 home loan application fee (save $400).

Choose your terms 

Lock in a fixed rate for up to five years (rate will change depending on fixed term).

No surprises 

Your interest rate and home loan repayments won't change during the fixed period.

How it works

Bankwest’s Fixed Rate Home Loan is great if you want the certainty of knowing what your interest rate and repayments will be.

Your interest rate is fixed over a period of one to five years. You can choose from weekly, fortnightly or monthly repayments to help manage your budget. 1 If you decide to pay interest only, only monthly repayments are permitted.
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Before going into a fixed-rate loan, it's worth thinking about the implications should you decide to break the loan during the fixed period, as break fees may apply.

At the end of the fixed-rate period, you may be able to fix a new rate for a further period, or your home loan will revert to the standard variable rate. 2 For owner occupiers the standard variable rate is the Mortgage Shredder Reference Rate. For investors the standard variable rate is the Investor Reference Rate. Close

Rates and fees

What's the difference between a property to live in and an investment purpose ?

Show me rates for

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Rates - For new borrowing up to 90% of property value
Fixed term Fixed rate Comparison rate
1 year fixed rate 4.36% p.a. 5.50% p.a.
1 year fixed rate 4.46% p.a. 6.09% p.a.
2 year fixed rate 4.03% p.a. 5.34% p.a.
2 year fixed rate 4.13% p.a. 5.88% p.a.
3 year fixed rate 4.13% p.a. 5.25% p.a.
3 year fixed rate 4.43% p.a. 5.79% p.a.
4 year fixed rate
4.54% p.a. 5.29% p.a.
4 year fixed rate
4.75% p.a. 5.77% p.a.
5 year fixed rate
4.64% p.a. 5.26% p.a.
5 year fixed rate
4.89% p.a. 5.74% p.a.
Rates are for principal and interest repayments 5 Understand the comparison rate
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Fees
Type of 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. Close $295 (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. Close $295
Loan maintenence fee $12 per month
Transfer fee ? $95
Redraw fee (redraw not available online) 3 A $10 fee and $1,000 minimum redraw applies to other methods of redraw, including over the counter. Close $10
Optional offset facility 4 40% offset facility is available during the fixed-rate period. At the end of the fixed term, a $10 monthly fee is payable to maintain your offset account. Offset facility must be held in the same name as the loan account. Other exclusions apply. Close
$0
Settlement attendance fee (Legal disbursement fee) ? Applies when we take a new security.  Close  $250
Understand the comparison rate
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Note: When you buy a property, other fees may apply, including government and bank fees. Calculate yours.
Rates and fees are subject to change. Break fees apply within the fixed period.
Download the Key Facts Sheet for this product.

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 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.

Home loan calculators

Home loan repayments calculator

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 potential home loan fees

Get an estimate on stamp duty, lenders' mortage insurance and other non-standard home buying fees that come with purchasing a property.

Home loan comparison calculator

Compare the repayments on Bankwest home loans and find out if refinancing your loan may save you money on interest in the long term.

Start your application online

Check your eligibility

  • You must be 18 years or older
  • You must be a permanent Australian resident
  • Only available to individuals, eligible trusts and non-trading companies
  • Minimum loan size $20,000 
  • You must meet Bankwest's lending criteria.
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Things you need to get started online

  • Financial details, including your income, expenses, assets and liabilities
  • Two forms of identification, like your Australian Driver’s licence, Medicare card or Australian passport.

Things you will need after you submit online

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.

See a detailed list of what you may need

Already started? Track your application.

More home loan options

Fixed Rate Home Loan isn’t right for you? Check out some of our other home loan options.

Need help choosing a loan?

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

Things you should know

1. If you decide to pay interest only, only monthly repayments are permitted.

2. The standard variable rate is the variable Mortgage Shredder Reference Rate for owner occupiers and the Investor Reference Rate where the loan is for investment purposes.

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

4. 40% offset facility is available during the fixed-rate period. At the end of the fixed term, a $10 monthly fee is payable to maintain your offset account. Offset facility must be held in the same name as the loan account. Other exclusions apply.

5. Different rates apply for interest only repayments, contact your Home Finance Manager or call us on 13 17 19 to find out more.

6. Home loan cashback promotion is available to individuals who take out a new Bankwest home loan:

  • Applications must be submitted within the promotional period starting on 17 September 2018 and closing on 30 November 2018
  • Lending must be new to Bankwest (refinance of existing Bankwest loans is excluded)
  • Refinances from CommBank are excluded
  • Home loan must be for a minimum loan amount of $350,000
  • Your home loan borrowings must not exceed 90% of the property value
  • Repayment type must be principal and interest
  • Available on owner occupier and investor loans
  • Available on any Bankwest home loan product
  • Applications must settle on or before 1 February 2019
  • 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.

    See full home loan cashback promotion terms and conditions (PDF, 261KB).