Variable Rate Home Loan

Receive a flexible, discounted variable rate with the Premium Select home loan.

Benefits

Save on fees 

$0 application fee (usually $695), $0 account maintenance fee, $0 annual fee.

100% offset available 

Link an offset account to your loan and you could save on home loan interest. 1 Offset facility must be held in the same name as the loan account. Other exclusions apply. Close

Manage online 

Make extra repayments and redraw surplus funds online anytime.

Rates and fees

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

Show me rates and fees for

Rates - For new borrowing up to 80% of property value
Amount you want to borrow Variable rate Comparison rate
$20,000+  4.09% p.a. 4.11% p.a.
Rates are for principal and interest repayments 3 Comparison rate warning
More
Rates - For new borrowing between 80% - 90% of property value
Amount you want to borrow Variable rate Comparison rate
$20,000+  4.09% p.a. 4.11% p.a.
Rates are for principal and interest repayments 3 Comparison rate warning 
More
Rates - For new borrowing up to 90% of property value
Amount you want to borrow Variable rate Comparison rate
$20,000 - $500,000 4.99% p.a. 5.01% p.a.
$500,000+ 4.99% p.a. 5.01% p.a.
Rates are for principal and interest repayments 3 Comparison rate warning
More
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 $0 (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
Transfer fee ? $95
Online redraw fee 2 A $10 fee and $1,000 minimum redraw applies to other methods of redraw, including over the counter. Close $0
Optional offset facility 1 Offset facility must be held in the same name as the loan account. Other exclusions apply. Close $10 per month
Settlement attendance fee (Legal disbursement fee) ? Applies when we take a new security.  Close  $250
More

Note: When you buy a property, other fees may apply, including government and bank fees. Calculate yours. Rates and fees are subject to change. 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 online

Check your eligibility

  • You must be 18 years or older
  • You must be a permanent Australian resident
  • Minimum loan size $20,000
  • Available to individuals and eligible family trusts
  • You must meet Bankwest's lending criteria.
1

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.

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. Offset facility must be held in the same name as the loan account. Other exclusions apply.
2. A $10 fee and $1,000 minimum redraw applies to other methods of redraw, including over the counter.
3. Different rates apply for interest only repayments, contact your Home Loan Specialist or call us on 13 17 19 to find out more.