Bankwest Home Loans & Rates Comparison

RATE OF THE DAY

Variable

5.94%

Comparison Rate*

5.97%

Could you be saving money on your mortgage?

Bankwest's best home loan rates

Compare some of Bankwest's best variable and fixed home loan rates for owner occupiers and investors.

Lender

Variable

1-Year Fixed

2-Year Fixed

3-Year Fixed

4-Year Fixed

5-Year Fixed

5.94%

Interest Rate

5.97%

Comparison Rate

6.49%

Interest Rate

8.56%

Comparison Rate

6.59%

Interest Rate

8.36%

Comparison Rate

6.69%

Interest Rate

8.20%

Comparison Rate

6.74%

Interest Rate

8.06%

Comparison Rate

6.79%

Interest Rate

7.95%

Comparison Rate

Owner occupier loans with principal and interest repayments. Rates assume 60% LVR.

Lender

Variable

1-Year Fixed

2-Year Fixed

3-Year Fixed

4-Year Fixed

5-Year Fixed

6.19%

Interest Rate

6.22%

Comparison Rate

6.69%

Interest Rate

6.15%

Comparison Rate

6.79%

Interest Rate

8.90%

Comparison Rate

6.89%

Interest Rate

8.70%

Comparison Rate

6.94%

Interest Rate

8.53%

Comparison Rate

6.99%

Interest Rate

8.38%

Comparison Rate

Investment loans with principal and interest repayments. Rates assume 60% LVR.

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.

Product	Interest rate	Comparison rate*	Max LVR
Simple Home Loan Up to 60% LVR	5.94% p.a.	5.97% p.a.	60%
Simple Home Loan 60.01-80% LVR	5.99% p.a.	6.02% p.a.	80%
Simple Home Loan 80.01-90% LVR	6.14% p.a.	6.17% p.a.	90%
Simple Home Loan 90.01-95% LVR	6.54% p.a.	6.57% p.a.	95%
Simple Home Loan 95.01-98% LVR	8.02% p.a.	8.05% p.a.	98%

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 stadard 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.

Product	Interest rate	Comparison rate*	Max LVR
Complete Variable Home Loan Up to 60% LVR	5.94% p.a.	6.34% p.a.	60%
Complete Variable Home Loan 60.01-80% LVR	5.99% p.a.	6.39% p.a.	80%
Complete Variable Home Loan 80.01-90% LVR	6.14% p.a.	6.53% p.a.	90%
Complete Variable Home Loan 90.01-95% LVR	6.54% p.a.	6.93% p.a.	95%
Complete Variable Home Loan 95.01-98% LVR	8.02% p.a.	8.39% p.a.	98%

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

Product	Interest rate	Comparison rate*	Max LVR
One Year Fixed Home Loan Up to 80% LVR	6.49% p.a.	8.56% p.a.	80%
One Year Fixed Home Loan 80.01% - 90% LVR	6.89% p.a.	8.60% p.a.	90%
One Year Fixed Home Loan 90.01% - 95% LVR	7.29% p.a.	8.65% p.a.	95%
One Year Fixed Home Loan 95.01% - 98% LVR	8.09% p.a.	8.74% p.a.	98%
Two Years Fixed Home Loan Up to 80% LVR	6.59% p.a.	8.36% p.a.	80%
Two Years Fixed Home Loan 80.01% - 90% LVR	6.99% p.a.	8.45% p.a.	90%
Two Years Fixed Home Loan 90.01% - 95% LVR	7.39% p.a.	8.53% p.a.	95%
Two Years Fixed Home Loan 95.01% - 98% LVR	8.19% p.a.	8.70% p.a.	98%
Three Years Fixed Home Loan Up to 80% LVR	6.69% p.a.	8.20% p.a.	80%
Three Years Fixed Home Loan 80.01% - 90% LVR	7.09% p.a.	8.32% p.a.	90%
Three Years Fixed Home Loan 90.01% - 95% LVR	7.49% p.a.	8.45% p.a.	95%
Three Years Fixed Home Loan 95.01% - 98% LVR	8.29% p.a.	8.69% p.a.	98%
Four Years Fixed Home Loan Up to 80% LVR	6.74% p.a.	8.06% p.a.	80%
Four Years Fixed Home Loan 80.01% - 90% LVR	7.14% p.a.	8.22% p.a.	90%
Four Years Fixed Home Loan 90.01% - 95% LVR	7.54% p.a.	8.37% p.a.	95%
Four Years Fixed Home Loan 95.01% - 98% LVR	8.34% p.a.	8.68% p.a.	98%
Five Years Fixed Home Loan Up to 80% LVR	6.79% p.a.	7.95% p.a.	80%
Five Years Fixed Home Loan 80.01% - 90% LVR	7.19% p.a.	8.13% p.a.	90%
Five Years Fixed Home Loan 90.01% - 95% LVR	7.59% p.a.	8.31% p.a.	95%
Five Years Fixed Home Loan 95.01% - 98% LVR	8.39% p.a.	8.68% p.a.	98%

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)

Product	Interest rate	Comparison rate*	Max LVR
One Year Fixed Home Loan Up to 80% LVR	6.49% p.a.	7.10% p.a.	80%
One Year Fixed Home Loan 80.01% - 90% LVR	6.89% p.a.	7.14% p.a.	90%
One Year Fixed Home Loan 90.01% - 95% LVR	7.29% p.a.	7.01% p.a.	95%
One Year Fixed Home Loan 95.01% - 98% LVR	8.09% p.a.	8.40% p.a.	98%
Two Years Fixed Home Loan Up to 80% LVR	6.59% p.a.	7.10% p.a.	80%
Two Years Fixed Home Loan 80.01% - 90% LVR	6.99% p.a.	7.18% p.a.	90%
Two Years Fixed Home Loan 90.01% - 95% LVR	7.39% p.a.	7.10% p.a.	95%
Two Years Fixed Home Loan 95.01% - 98% LVR	8.19% p.a.	8.43% p.a.	98%
Three Years Fixed Home Loan Up to 80% LVR	6.69% p.a.	7.11% p.a.	80%
Three Years Fixed Home Loan 80.01% - 90% LVR	7.09% p.a.	7.23% p.a.	90%
Three Years Fixed Home Loan 90.01% - 95% LVR	7.49% p.a.	7.21% p.a.	95%
Three Years Fixed Home Loan 95.01% - 98% LVR	8.29% p.a.	8.48% p.a.	98%
Four Years Fixed Home Loan Up to 80% LVR	6.74% p.a.	7.13% p.a.	80%
Four Years Fixed Home Loan 80.01% - 90% LVR	7.14% p.a.	7.28% p.a.	90%
Four Years Fixed Home Loan 90.01% - 95% LVR	7.54% p.a.	7.31% p.a.	95%
Four Years Fixed Home Loan 95.01% - 98% LVR	8.34% p.a.	8.52% p.a.	98%
Five Years Fixed Home Loan Up to 80% LVR	6.79% p.a.	7.15% p.a.	80%
Five Years Fixed Home Loan 80.01% - 90% LVR	7.19% p.a.	7.33% p.a.	90%
Five Years Fixed Home Loan 90.01% - 95% LVR	7.59% p.a.	7.40% p.a.	95%
Five Years Fixed Home Loan 95.01% - 98% LVR	8.39% p.a.	8.57% p.a.	98%

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

Product	Interest rate	Comparison rate*	Max LVR
Home Loan Up to 60% LVR	6.19% p.a.	6.22% p.a.	60%
Home Loan 60.01-80% LVR	6.24% p.a.	6.27% p.a.	80%
Home Loan 80.01-90% LVR	6.44% p.a.	6.47% p.a.	90%
Home Loan 90.01-95% LVR	7.14% p.a.	7.17% p.a.	95%

Complete Variable Home Loan - investment

Product	Interest rate	Comparison rate*	Max LVR
Home Loan Up to 60% LVR	6.19% p.a.	6.58% p.a.	60%
Home Loan 60.01-80% LVR	6.24% p.a.	6.63% p.a.	80%
Home Loan 80.01-90% LVR	6.44% p.a.	6.83% p.a.	90%
Home Loan 90.01-95% LVR	7.14% p.a.	7.52% p.a.	95%

Bankwest’s fixed investment home loan rates

Fixed Rate Home Loan - investment

Product	Interest rate	Comparison rate*	Max LVR
One Year Fixed Home Loan Up to 90% LVR	6.69% p.a.	6.15% p.a.	90%
One Year Fixed Home Loan 90.01-95% LVR	7.79% p.a.	9.28% p.a.	95%
Two Years Fixed Home Loan Up to 90% LVR	6.79% p.a.	8.90% p.a.	90%
Two Years Fixed Home Loan 90.01-95% LVR	7.89% p.a.	9.14% p.a.	95%
Three Years Fixed Home Loan Up to 90% LVR	6.89% p.a.	8.70% p.a.	90%
Three Years Fixed Home Loan 90.01-95% LVR	7.99% p.a.	9.04% p.a.	95%
Four Years Fixed Home Loan Up to 90% LVR	6.94% p.a.	8.53% p.a.	90%
Four Years Fixed Home Loan 90.01-95% LVR	8.04% p.a.	8.95% p.a.	95%
Five Years Fixed Home Loan Up to 90% LVR	6.99% p.a.	8.38% p.a.	90%
Five Years Fixed Home Loan 90.01-95% LVR	8.09% p.a.	8.88% p.a.	95%

Complete Fixed Home Loan - investment

Product	Interest rate	Comparison rate*	Max LVR
One Year Fixed Home Loan Up to 90% LVR	6.69% p.a.	7.91% p.a.	90%
One Year Fixed Home Loan 90.01-95% LVR	7.79% p.a.	7.59% p.a.	95%
Two Years Fixed Home Loan Up to 90% LVR	6.79% p.a.	7.84% p.a.	90%
Two Years Fixed Home Loan 90.01-95% LVR	7.89% p.a.	7.68% p.a.	95%
Three Years Fixed Home Loan Up to 90% LVR	6.89% p.a.	7.79% p.a.	90%
Three Years Fixed Home Loan 90.01-95% LVR	7.99% p.a.	7.78% p.a.	95%
Four Years Fixed Home Loan Up to 90% LVR	6.94% p.a.	7.75% p.a.	90%
Four Years Fixed Home Loan 90.01-95% LVR	8.04% p.a.	7.87% p.a.	95%
Five Years Fixed Home Loan Up to 90% LVR	6.99% p.a.	7.72% p.a.	90%
Five Years Fixed Home Loan 90.01-95% LVR	8.09% p.a.	7.96% p.a.	95%

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.

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.

Bankwest home loan FAQs

Should I get my home loan from Bankwest?

On its own, Bankwest is a relatively minor home loan provider and may be appealing to borrowers who want an alternative to Australia’s major lenders.

But it’s worth pointing out that Bankwest is actually part of the Commonwealth Bank Group, which is Australia’s largest financial services provider.

While it now operates as a fully digital bank, Bankwest isn’t new to the industry as it originally opened in 1895 as the Agricultural Bank of Western Australia. Although they no longer have retail branches, it still offers customer support online, over the phone or through messaging on its app.

While its home loans are fairly similar to other products in the market, Bankwest offers some unique advantages. All of its home loans allow borrowers to have an offset account to minimise interest payments, even for its more basic models (fees apply). Its ‘Complete’ home loans come with an annual fee waiver on an eligible Bankwest credit card – either the Qantas, More or Breeze Mastercards, which can be used to collect rewards points.

Whether a Bankwest home loan is the right option for you depends on your circumstances and which features are the most useful. It’s important to research and compare loans from multiple lenders across the sector in order to be certain of the appropriate choice.

Is Bankwest increasing its home loan rates in 2026?

Yes, Bankwest has already increased its interest rates this year, alongside many other home loan lenders. This follows the Reserve Bank Australia’s cash rate hikes in February and March, with experts predicting a high likelihood of more increases in 2026.

If your home loan is currently with Bankwest, it could be worthwhile comparing its rates with other lenders to ensure that you're still on the best home loan rate for you. While home loans have generally increased across the market, it is possible that you could find a better option, especially if it’s been a while since your last comparison.

What’s the best Bankwest home loan?

It’s important to consider which home loan features are the most useful for your circumstances, as there’s not one loan that’s a perfect fit for all borrowers. Ideally, your loan should provide the most benefit at the lowest cost possible.

Bankwest’s variable home loans both have the same relatively low interest rate, with the LVR band up to 60% offering the lender’s lowest rate. The key differences are seen in the inclusions and fees, with the Complete Variable Home Loan having access to an annual fee waiver on an eligible credit card as well as fee-free offset, but with a high $395 annual fee on the loan. The Bankwest Simple Home Loan has no ongoing fees, other than the optional $10 offset account monthly fee.

How do I apply for a Bankwest home loan?

You can apply for a home loan with Bankwest by contacting one of its home loan specialists via phone or submitting an enquiry form online.

Some requirements for the application include proof of identity and information about your income and expenses. Bankwest will accept identification documents in the form of digital verification or in-person at a participating Australia Post, with required ID being either an Australian driver’s licence or passport (all countries).

Be prepared to provide income and employment details, such as whether you're an employee, sole trader or business owner and if there’s additional income from rental properties. Bankwest will also need a list of your expenses and liabilities, for things like bills, insurances and credit card balance.

Does Bankwest offer home loans as part of the Home Guarantee Scheme?

No, Bankwest is not a participating lender in the Australian Government’s 5% Deposit Scheme. If you’re a first home buyer looking to take advantage of this initiative it’s worthwhile checking the government’s first home buyers website for suitable lenders.

Can I get an offset account on a Bankwest home loan?

Yes, Bankwest offers access to offset accounts on all of its home loans, with borrowers able to have up to nine accounts. It’s included in the fixed rate loans (40% offset only) and the Complete Variable Home Loan with no additional fees, but a $10 per account monthly fee is required to access offset on Bankwest’s Simple Home Loan.

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