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.

Benefits

Save on application fees 

Reduced $295 application fee (save $400).

Choose your terms 

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

No surprises 

Your interest rate and 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 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. Close

Rates and fees

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

Show me rates for

Rates - For new borrowing up to 90% of property value

Fixed term

Fixed rate

Comparison rate

1 year

4.31% p.a.

5.36% p.a.

1 year

4.41% p.a.

5.96% p.a.

2 years

4.05% p.a.

5.22% p.a.

2 years

4.50% p.a.

5.83% p.a.

3 years

4.19% p.a.

5.16% p.a.

3 years

4.54% p.a.

5.72% p.a.

4 years

4.45% p.a.

5.16% p.a.

4 years

4.70% p.a.

5.66% p.a.

5 years

4.49% p.a.

5.11% p.a.

5 years

4.84% p.a.

5.63% p.a.

Comparison rate warning

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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 ? 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.
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$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

Comparison rate warning

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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.

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
  • 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 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 apply.

Already started? Track or resume 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. 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.