:format(webp))
Bankwest Home Loans & Rates Comparison
Today’s rates at a glance
Bankwest best
6.19%
P.A. rate6.22%
Comparison*Simple Home Loan · Variable · P&I · ≤80% LVR
Market best
5.69%
P.A. rate5.71%
Comparison*Bankwest is +0.50% higher
*Comparison rates based on a $150,000 loan over 25 years. Different terms, fees or loan amounts might result in a different comparison rate.
See if you can get a better rateBankwest home loan rates
Easily compare Bankwest's home loan interest rates. Use the filters to find rates to suit your needs. To check Bankwest rates versus the lenders in our panel, just click 'compare'.
| Product | Rate | Comparison* | Type | Monthly | Compare |
|---|---|---|---|---|---|
| Simple Home Loan Acquisition | |||||
| ≤60% LVR | 6.19%p.a. | 6.22%p.a. | Variable | $3,671 Principal and interest | Compare Lowest |
| ≤70% LVR | 6.24%p.a. | 6.27%p.a. | Variable | $3,690 Principal and interest | |
| ≤80% LVR | 6.24%p.a. | 6.27%p.a. | Variable | $3,690 Principal and interest | |
| ≤90% LVR | 6.49%p.a. | 6.52%p.a. | Variable | $3,788 Principal and interest | |
| Complete Variable Home Loan Package Acquisition | |||||
| ≤60% LVR | 6.19%p.a. | 6.58%p.a. | Variable | $3,671 Principal and interest | Compare Lowest |
| ≤70% LVR | 6.24%p.a. | 6.63%p.a. | Variable | $3,690 Principal and interest | |
| ≤80% LVR | 6.24%p.a. | 6.63%p.a. | Variable | $3,690 Principal and interest | |
| ≤90% LVR | 6.49%p.a. | 6.88%p.a. | Variable | $3,788 Principal and interest | |
| Complete Fixed Home Loan Package | |||||
| ≤80% LVR | 6.49%p.a. | 7.32%p.a. | Fixed 1yr | $3,788 Principal and interest | Compare Lowest |
| ≤80% LVR | 6.59%p.a. | 7.29%p.a. | Fixed 2yr | $3,828 Principal and interest | |
| ≤80% LVR | 6.69%p.a. | 7.29%p.a. | Fixed 3yr | $3,868 Principal and interest | |
| ≤80% LVR | 6.74%p.a. | 7.28%p.a. | Fixed 4yr | $3,888 Principal and interest | |
| ≤80% LVR | 6.79%p.a. | 7.28%p.a. | Fixed 5yr | $3,908 Principal and interest | |
| ≤90% LVR | 6.89%p.a. | 7.36%p.a. | Fixed 1yr | $3,948 Principal and interest | |
| ≤90% LVR | 6.99%p.a. | 7.37%p.a. | Fixed 2yr | $3,988 Principal and interest | |
| ≤90% LVR | 7.09%p.a. | 7.40%p.a. | Fixed 3yr | $4,028 Principal and interest | |
| ≤90% LVR | 7.14%p.a. | 7.43%p.a. | Fixed 4yr | $4,048 Principal and interest | |
| ≤90% LVR | 7.19%p.a. | 7.46%p.a. | Fixed 5yr | $4,069 Principal and interest | |
| ≤95% LVR | 7.29%p.a. | 7.32%p.a. | Fixed 1yr | $4,109 Principal and interest | |
| ≤95% LVR | 7.39%p.a. | 7.38%p.a. | Fixed 2yr | $4,150 Principal and interest | |
| ≤95% LVR | 7.49%p.a. | 7.45%p.a. | Fixed 3yr | $4,191 Principal and interest | |
| ≤95% LVR | 7.54%p.a. | 7.52%p.a. | Fixed 4yr | $4,212 Principal and interest | |
| ≤95% LVR | 7.59%p.a. | 7.59%p.a. | Fixed 5yr | $4,232 Principal and interest | |
| Fixed Rate Home Loan | |||||
| ≤80% LVR | 6.49%p.a. | 8.78%p.a. | Fixed 1yr | $3,788 Principal and interest | Compare Lowest |
| ≤80% LVR | 6.59%p.a. | 8.55%p.a. | Fixed 2yr | $3,828 Principal and interest | |
| ≤80% LVR | 6.69%p.a. | 8.37%p.a. | Fixed 3yr | $3,868 Principal and interest | |
| ≤80% LVR | 6.74%p.a. | 8.21%p.a. | Fixed 4yr | $3,888 Principal and interest | |
| ≤80% LVR | 6.79%p.a. | 8.08%p.a. | Fixed 5yr | $3,908 Principal and interest | |
| ≤90% LVR | 6.89%p.a. | 8.82%p.a. | Fixed 1yr | $3,948 Principal and interest | |
| ≤90% LVR | 6.99%p.a. | 8.64%p.a. | Fixed 2yr | $3,988 Principal and interest | |
| ≤90% LVR | 7.09%p.a. | 8.49%p.a. | Fixed 3yr | $4,028 Principal and interest | |
| ≤90% LVR | 7.14%p.a. | 8.37%p.a. | Fixed 4yr | $4,048 Principal and interest | |
| ≤90% LVR | 7.19%p.a. | 8.26%p.a. | Fixed 5yr | $4,069 Principal and interest | |
| ≤95% LVR | 7.29%p.a. | 8.87%p.a. | Fixed 1yr | $4,109 Principal and interest | |
| ≤95% LVR | 7.39%p.a. | 8.72%p.a. | Fixed 2yr | $4,150 Principal and interest | |
| ≤95% LVR | 7.49%p.a. | 8.62%p.a. | Fixed 3yr | $4,191 Principal and interest | |
| ≤95% LVR | 7.54%p.a. | 8.52%p.a. | Fixed 4yr | $4,212 Principal and interest | |
| ≤95% LVR | 7.59%p.a. | 8.44%p.a. | Fixed 5yr | $4,232 Principal and interest | |
| Simple Home Loan | |||||
| ≤95% LVR | 6.89%p.a. | 6.92%p.a. | Variable | $3,948 Principal and interest | Compare Lowest |
| ≤90% LVR | 6.99%p.a. | 7.02%p.a. | Variable | $3,988 Principal and interest | |
| Complete Variable Home Loan Package | |||||
| ≤95% LVR | 6.89%p.a. | 7.28%p.a. | Variable | $3,948 Principal and interest | Compare Lowest |
| ≤90% LVR | 6.99%p.a. | 7.37%p.a. | Variable | $3,988 Principal and interest | |
Bankwest’s variable home loan rates
Bankwest has two variable rate home loans that have different levels of inclusions and LVR options.
Bankwest Simple Home Loan
This variable rate loan has minimal fees, redraw capacity, and gives borrowers the option to save on interest by linking an offset account for an extra fee.
| Rate tier | Interest rate | Comparison rate* |
|---|---|---|
| Simple Home Loan Up to 60% LVR | 6.19% p.a. | 6.22% p.a. |
| Simple Home Loan 60.01-80% LVR | 6.24% p.a. | 6.27% p.a. |
| Simple Home Loan 80.01-90% LVR | 6.49% p.a. | 6.52% p.a. |
| Simple Home Loan 90.01-95% LVR | 6.89% p.a | 6.92% p.a. |
| Simple Home Loan 95.01-98% LVR | 8.37% p.a. | 8.40% p.a. |
The fees that apply for Bankwest’s Simple Home Loan are:
$350 settlement fee
$295 loan increase fee
$80 per progress payment fee (when loan is used for construction)
$10 monthly offset account fee (optional)
Bankwest also offers interest-only rates, which are different to their standard principal and interest rates and available upon request.
Complete Variable Home Loan
Bankwest’s Complete Variable Home Loan is its more feature-rich variable rate loan, with up to nine offset accounts available, redraw capacity, plus the option to add an eligible Bankwest credit card with the annual fee waived.
| Rate tier | Interest rate | Comparison rate* |
|---|---|---|
| Complete Variable Home Loan Up to 60% LVR | 6.19% p.a. | 6.58% p.a. |
| Complete Variable Home Loan 60.01-80% LVR | 6.24% p.a. | 6.63% p.a. |
| Complete Variable Home Loan 80.01-90% LVR | 6.49% p.a. | 6.88% p.a. |
| Complete Variable Home Loan 90.01-95% LVR | 6.89% p.a. | 7.28% p.a. |
| Complete Variable Home Loan 95.01-98% LVR | 8.37% p.a. | 8.74% p.a. |
The main fees for Bankwest’s Complete Variable Home Loan include:
$395 annual fee
$350 settlement fee
Bankwest’s fixed home loan rates
Bankwest offers two separate fixed rate home loans: a basic model with lower fees; and a package fixed rate loan with an annual fee instead of a monthly loan maintenance fee
Both options offer access to multiple offset accounts (40% offset) and the ability to make extra repayments up to $10,000 per year during the fixed rate term with no fees (no redraw). The package fixed rate loan offers access to an annual fee waiver on an eligible Bankwest credit card.
Fixed durations are available for up to five years with LVR bands up to 98% available.
Fixed Rate Home Loan
| Rate tier | Interest rate | Comparison rate* |
|---|---|---|
| One Year Fixed Home Loan Up to 80% LVR | 6.49% p.a. | 8.78% p.a. |
| One Year Fixed Home Loan 80.01% - 90% LVR | 6.89% p.a | 8.82% p.a. |
| One Year Fixed Home Loan 90.01% - 95% LVR | 7.29% p.a. | 8.87% p.a. |
| One Year Fixed Home Loan 95.01% - 98% LVR | 8.09% p.a. | 8.96% p.a. |
| Two Years Fixed Home Loan Up to 80% LVR | 6.59% p.a. | 8.55% p.a. |
| Two Years Fixed Home Loan 80.01% - 90% LVR | 6.99% p.a. | 8.64% p.a. |
| Two Years Fixed Home Loan 90.01% - 95% LVR | 7.39% p.a. | 8.72% p.a. |
| Two Years Fixed Home Loan 95.01% - 98% LVR | 8.19% p.a. | 8.90% p.a. |
| Three Years Fixed Home Loan Up to 80% LVR | 6.69% p.a. | 8.37% p.a. |
| Three Years Fixed Home Loan 80.01% - 90% LVR | 7.09% p.a. | 8.49% p.a. |
| Three Years Fixed Home Loan 90.01% - 95% LVR | 7.49% p.a. | 8.62% p.a. |
| Three Years Fixed Home Loan 95.01% - 98% LVR | 8.29% | 8.86% |
| Four Years Fixed Home Loan Up to 80% LVR | 6.74% p.a. | 8.21% p.a. |
| Four Years Fixed Home Loan 80.01% - 90% LVR | 7.14% p.a. | 8.37% p.a. |
| Four Years Fixed Home Loan 90.01% - 95% LVR | 7.54% p.a. | 8.52% p.a. |
| Four Years Fixed Home Loan 95.01% - 98% LVR | 8.34% p.a. | 8.83% p.a. |
| Five Years Fixed Home Loan Up to 80% LVR | 6.79% p.a. | 8.08% p.a. |
| Five Years Fixed Home Loan 80.01% - 90% LVR | 7.19% p.a. | 8.26% p.a. |
| Five Years Fixed Home Loan 90.01% - 95% LVR | 7.59% p.a. | 8.44% p.a. |
| Five Years Fixed Home Loan 95.01% - 98% LVR | 8.39% p.a. | 8.81% p.a. |
The main fees to consider for Bankwest’s Fixed Rate Home Loan include:
$12 per month loan maintenance fee during the fixed term
$295 application fee
$350 settlement fee
$50 fixed rate break admin fee
Optional fixed rate cap fee is either 0.15% of the loan amount or $450 (whichever is greater)
Complete Fixed Home Loan (package)
| Rate tier | Interest rate | Comparison rate* |
|---|---|---|
| One Year Fixed Home Loan Up to 80% LVR | 6.49% p.a. | 7.32% p.a. |
| One Year Fixed Home Loan 80.01% - 90% LVR | 6.89% p.a | 7.36% p.a. |
| One Year Fixed Home Loan 90.01% - 95% LVR | 7.29% p.a. | 7.32% p.a. |
| One Year Fixed Home Loan 95.01% - 98% LVR | 8.09% p.a. | 8.71% p.a. |
| Two Years Fixed Home Loan Up to 80% LVR | 6.59% p.a. | 7.29% p.a. |
| Two Years Fixed Home Loan 80.01% - 90% LVR | 6.99% p.a. | 7.37% p.a. |
| Two Years Fixed Home Loan 90.01% - 95% LVR | 7.39% p.a. | 7.38% p.a. |
| Two Years Fixed Home Loan 95.01% - 98% LVR | 8.19% p.a. | 8.70% p.a. |
| Three Years Fixed Home Loan Up to 80% LVR | 6.69% p.a. | 7.29% p.a. |
| Three Years Fixed Home Loan 80.01% - 90% LVR | 7.09% p.a. | 7.40% p.a. |
| Three Years Fixed Home Loan 90.01% - 95% LVR | 7.49% p.a. | 7.45% p.a. |
| Three Years Fixed Home Loan 95.01% - 98% LVR | 8.29% | 8.72% |
| Four Years Fixed Home Loan Up to 80% LVR | 6.74% p.a. | 7.28% p.a. |
| Four Years Fixed Home Loan 80.01% - 90% LVR | 7.14% p.a. | 7.43% p.a. |
| Four Years Fixed Home Loan 90.01% - 95% LVR | 7.54% p.a. | 7.52% p.a. |
| Four Years Fixed Home Loan 95.01% - 98% LVR | 8.34% p.a. | 8.73% p.a. |
| Five Years Fixed Home Loan Up to 80% LVR | 6.79% p.a. | 7.28% p.a. |
| Five Years Fixed Home Loan 80.01% - 90% LVR | 7.19% p.a. | 7.46% p.a. |
| Five Years Fixed Home Loan 90.01% - 95% LVR | 7.59% p.a. | 7.59% p.a. |
| Five Years Fixed Home Loan 95.01% - 98% LVR | 8.39% p.a. | 8.75% p.a. |
The main fees for Bankwest’s Complete Fixed Home Loan include:
$395 annual fee
$350 settlement fee
$50 fixed rate break admin fee
Optional fixed rate cap fee is either 0.15% of the loan amount or $450 (whichever is greater)
Bankwest’s variable investment home loan rates
Bankwest offers the same suite of variable home loans to investors with different rates.
Bankwest Simple Home Loan - investment
| Rate tier | Interest rate | Comparison rate* |
|---|---|---|
| Simple Home Loan Up to 60% LVR | 6.44% p.a. | 6.47% p.a. |
| Simple Home Loan 60.01-80% LVR | 6.49% p.a. | 6.52% p.a. |
| Simple Home Loan 80.01-90% LVR | 6.79% p.a. | 6.82% p.a. |
| Simple Home Loan 90.01-95% LVR | 7.49% p.a. | 7.52% p.a. |
Complete Variable Home Loan - investment
| Rate tier | Interest rate | Comparison rate* |
|---|---|---|
| Complete Variable Home Loan Up to 60% LVR | 6.44% p.a. | 6.83% p.a. |
| Complete Variable Home Loan 60.01-80% LVR | 6.49% p.a. | 6.88% p.a. |
| Complete Variable Home Loan 80.01-90% LVR | 6.79% p.a. | 7.18% p.a. |
| Complete Variable Home Loan 90.01-95% LVR | 7.49% p.a. | 7.87% p.a. |
Bankwest’s fixed investment home loan rates
| Rate tier | Interest rate | Comparison rate* |
|---|---|---|
| One Year Fixed Home Loan 80.01% - 90% LVR | 6.69% p.a. | 9.37% p.a. |
| One Year Fixed Home Loan 90.01% - 95% LVR | 7.79% p.a. | 9.50% p.a. |
| Two Years Fixed Home Loan 80.01% - 90% LVR | 6.79% p.a. | 9.09% p.a. |
| Two Years Fixed Home Loan 90.01% - 95% LVR | 7.89% p.a. | 9.33% p.a. |
| Three Years Fixed Home Loan 80.01% - 90% LVR | 6.89% p.a. | 8.87% p.a. |
| Three Years Fixed Home Loan 90.01% - 95% LVR | 7.99% p.a. | 9.21% p.a. |
| Four Years Fixed Home Loan 80.01% - 90% LVR | 6.94% p.a. | 8.67% p.a. |
| Four Years Fixed Home Loan 90.01% - 95% LVR | 8.04% p.a. | 9.10% p.a. |
| Five Years Fixed Home Loan 80.01% - 90% LVR | 6.99% p.a. | 8.50% p.a. |
| Five Years Fixed Home Loan 90.01% - 95% LVR | 8.09% p.a. | 9.01% p.a. |
Complete Fixed Home Loan - investment
| Rate tier | Interest rate | Comparison rate* |
|---|---|---|
| One Year Fixed Home Loan 80.01% - 90% LVR | 6.69% p.a. | 8.13% p.a. |
| One Year Fixed Home Loan 90.01% - 95% LVR | 7.79% p.a. | 7.90% p.a. |
| Two Years Fixed Home Loan 80.01% - 90% LVR | 6.79% p.a. | 8.03% p.a. |
| Two Years Fixed Home Loan 90.01% - 95% LVR | 7.89% p.a. | 7.95% p.a. |
| Three Years Fixed Home Loan 80.01% - 90% LVR | 6.89% p.a. | 7.96% p.a. |
| Three Years Fixed Home Loan 90.01% - 95% LVR | 7.99% p.a. | 8.02% p.a. |
| Four Years Fixed Home Loan 80.01% - 90% LVR | 6.94% p.a. | 7.90% p.a. |
| Four Years Fixed Home Loan 90.01% - 95% LVR | 8.04% p.a. | 8.08% p.a. |
| Five Years Fixed Home Loan 80.01% - 90% LVR | 6.99% p.a. | 7.85% p.a. |
| Five Years Fixed Home Loan 90.01% - 95% LVR | 8.09% p.a. | 8.15% p.a. |
How competitive are Bankwest’s home loan rates?
Overall, Bankwest’s home loan rates are generally on par with other lenders. It’s most competitive for its ‘Complete’ home loan packages, which offer more features, at a fairly decent value relative to similar products from other Australian banks.
Its ‘Simple’ home loan rates are less attractive currently, but they are still pretty comparable within the market, especially with rising interest rates. It’s also likely that Bankwest is trying to attract customers to its ‘Complete’ packages, with the aim of retaining borrowers for a longer period.
While Bankwest’s home loans are decent, it’s still worthwhile comparing its rates to other lenders, to ensure that you are getting the best value you can.
Compare Bankwest's home loan rates to other lenders:
What are Bankwest’s lowest home loan rates?
Bankwest’s lowest rates are currently available on its variable rate home loans, both the Simple and Complete models, on the <60% LVR band.
The lowest fixed rate home loan at Bankwest is for owner occupiers on a one-year term with an LVR band of 80%, for both the Simple and Complete loan options.
Shopping home loan rates beyond the big banks?
Non-major banks
Think ING, HSBC, Bendigo, Suncorp Bank etc. In terms of products and processes, these will be very similar to the big 4 banks who lead the trends in banking in Australia. But non-major banks often have lower rates and special offers (e.g. refinance cashback) in order to be competitive versus the bigger lenders. The non-major banks are still well-known brands with high-quality online tools systems.
Customer-owned
There are dozens of small member-owned banks and credit unions in Australia. Many are focussed on customers in a particular regional area, or even workers in a certain profession. These lenders often have the lowest rates in the market and personalised customer service, but the eligibility criteria may be more limited and the application process can be slow.
Non-bank lenders
Australian borrowers also have plenty of choice among non-bank home loan providers. Some are mainstream lenders (often online only) offering loans to your typical home loan borrowers. Others specialise in offering loans to cater for specific borrowers and scenarios, such as self-employed borrowers, bad credit borrowers or SMSF loans.