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Complete Variable Home Loan Package

Take advantage of our great variable rates with the flexibility to add other features that suit your needs.

Enquire now Start applying today

Featured rates

Rates for principal and interest payments with loan sizes from $200,000. Different rates apply for interest only.​

Make sure you understand the comparison rate and loan purpose .

Owner occupiers​

Up to 90% LVR with LMI .

6.99%
p.a.

Variable rate

7.37%
p.a.

Comparison rate

Investors​

Up to 95% LVR with LMI .

7.89%
p.a.

Variable rate

8.26%
p.a.

Comparison rate

How the Complete Home Loan Package works

For an annual package fee of $395, you get a Complete Variable Home Loan, plus the flexibility to add on features to help you manage your mortgage and money your way.

For a less lazy home loan, you can choose to add...

Up to nine offset accounts

Slice and dice your money into multiple offset accounts to help you manage your money while saving on home loan interest. Use an offset like an everyday bank or savings account where the balance in each account is reduced from your home loan balance, reducing the overall interest you pay. 1 Offset Transaction Account must be held in the same name as the loan account. Maximum 40% offset is available with our Complete Fixed and Fixed Rate home loans. Other exclusions apply. Account holders must be 18 years or older. Other fees and charges may apply. Credit interest is not payable on this account. Where a monthly offset fee applies, it will apply to each offset account held.

An eligible credit card

To enjoy our low ongoing purchase rate, add a Breeze Mastercard® (Classic or Platinum). To earn points on your eligible purchases, add a Bankwest More Mastercard (Classic, Platinum or World) or Bankwest Qantas Mastercard (Platinum or World).

Pick one to suit your needs and pay no annual credit card fee. Other fees and charges may apply. 2 Under the package, only one optional Bankwest Qantas Mastercard, Bankwest More Mastercard or Breeze Mastercard account is allowed per customer. Minimum credit limit is $3,000 for the Bankwest Qantas Platinum Mastercard, $1,000 for the Bankwest More Classic Mastercard and the Breeze Classic Mastercard, and $6,000 for the Bankwest More Platinum Mastercard and Breeze Platinum Mastercard, and $12,000 for the Bankwest More World Mastercard and Bankwest Qantas World Mastercard.

Why choose our Complete Variable Home Loan Package?

Ability to split or switch your loan

You could choose to split between variable and fixed. You can also switch between the two at any time later. 3 Other fees and charges, such as break fees on a fixed rate loan, may apply.

Flexible repayments

Pay weekly, fortnightly or monthly to suit your pay cycle. Plus, make unlimited extra repayments to help pay your loan off faster. ? If you decide to pay interest only, only monthly repayments are permitted.

Home loan redraw

Access your extra repayments for free when you need, or even use your surplus to take a break from making repayments. 4 There is no minimum redraw amount, including transactions completed over the counter.

Save on fees

$0 home loan application fee and property valuation fees. Other fees and charges may apply.

Rates and fees

Get a discount off Bankwest’s standard variable rate. 5

Rates are based on your loan to value ratio (LVR) and lenders mortgage insurance (LMI) may apply.

Rates shown are for principal and interest repayments with loan sizes from $200,000.
Loan purpose
LVR Variable rate Comparison rate
Up to 90% with LMI
6.99% p.a.
7.37% p.a.
90.01% to 95% with LMI
7.14% p.a.
7.51% p.a.
95.01% to 98% with LMI
8.77% p.a.
9.13% p.a.
Understand the comparison rate
LVR
Variable rate
Comparison rate
Up to 90% with LMI
6.99% p.a.
7.37% p.a.
90.01% to 95% with LMI
7.14% p.a.
7.51% p.a.
95.01% to 98% with LMI
8.77% p.a.
9.13% p.a.
Understand the comparison rate
LVR Variable rate Comparison rate
Up to 95% with LMI
7.89% p.a.
8.26% p.a.
Understand the comparison rate
LVR
Variable rate
Comparison rate
Up to 95% with LMI
7.89% p.a.
8.26% p.a.
Understand the comparison rate
Fee Amount
Annual Package fee ? This is charged to the nominated home loan.
$395
Redraw fee 4 There is no minimum redraw amount, including transactions completed over the counter.
$0
Settlement attendance fee (Legal disbursement fee) ? Applies when we take a new security. 
$250
Fee
Amount
Annual Package fee ? This is charged to the nominated home loan.
$395
Redraw fee 4 There is no minimum redraw amount, including transactions completed over the counter.
$0
Settlement attendance fee (Legal disbursement fee) ? Applies when we take a new security. 
$250

Other fees may apply, including government and bank fees. A full list of fees will be sent out in your home loan contract.

Rates and fees subject to change. Download the Key Facts Sheet.

Offset Transaction Account terms and conditions

The relevant Product Schedule together with all of the related documents form the complete Product Disclosure Statement for this product.

Product Schedule:

Related documents:

Why Bankwest?

Dedicated lending specialists

We're available seven days a week, including evenings.

Save on home loan interest

You could pay your home loan off faster with up to nine offset accounts. 1 Offset Transaction Account must be held in the same name as the loan account. Maximum 40% offset is available with our Complete Fixed and Fixed Rate home loans. Other exclusions apply. Account holders must be 18 years or older. Other fees and charges may apply. Credit interest is not payable on this account. Where a monthly offset fee applies, it will apply to each offset account held.

Easy applications

Track the progress of your home loan application and sign important documents digitally from anywhere.

Award-winning

Money Magazine 'Home Lender of the Year 2023', MFAA 'Non-Major Lender of the Year' for six years running, and Australian Mortgage Awards 'Bank of the Year' twice.

Get in touch with a Home Lending Specialist

Make an enquiry

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Start applying today

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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. 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.

Loan purpose
Loans for a property to live in — also known as owner-occupier loans — include (but aren’t limited to) loans to fund the purchase of a property or refinance an existing loan, where the borrower currently lives or intends to live in the property.

Loans for an investment purpose — also known as investor loans — include (but aren’t limited to) loans where the predominant part is used to invest in shares, land, construction or an established property. They also include refinancing an investor loan.

Loan to Value Ratio (LVR) is the portion of money you are borrowing in relation to the value of the property.

Lenders’ Mortgage Insurance (LMI) is insurance to protect your lender if you have trouble with your repayments in the future. LMI can be an added expense when you’re buying your home, but you can avoid it if you save more than 20% of the value of your property to pay as a deposit.

Other conditions apply.
 

  1. Offset Transaction Account must be held in the same name as the loan account. Maximum 40% offset is available with our Complete Fixed and Fixed Rate home loans. Other exclusions apply. Account holders must be 18 years or older. Other fees and charges may apply. Credit interest is not payable on this account. Where a monthly offset fee applies, it will apply to each offset account held.
  2. Under the package, only one optional Bankwest Qantas Mastercard, Bankwest More Mastercard or Breeze Mastercard account is allowed per customer. Minimum credit limit is $3,000 for the Bankwest Qantas Platinum Mastercard, $1,000 for the Bankwest More Classic Mastercard and the Breeze Classic Mastercard, and $6,000 for the Bankwest More Platinum Mastercard and Breeze Platinum Mastercard and $12,000 for the Bankwest More World Mastercard and Bankwest Qantas World Mastercard.
  3. Other fees and charges, such as break fees on a fixed rate loan, may apply.
  4. There is no minimum redraw amount, including transactions completed over the counter.
  5. For owner occupiers the rate is the Standard Variable Reference Rate or the Standard Variable Interest Only Reference Rate. For investment purposes the standard variable rate is the Investor Variable Reference Rate or the Investor Variable Interest Only Reference Rate. See our home loan reference rates.

Package consists of an eligible home loan, one optional eligible credit card per customer and up to nine optional Offset Transaction Accounts per loan.

The Complete Home Loan Package is closed when all home loans included in the package are closed.

Digital signing – some exclusions apply. Due to state laws, restrictions apply to digitally signing the Mortgage Form in some States and Territories. Customers must have access to a device (computer or tablet recommended) with internet and email access.

DocuSign is a registered trademark of DocuSign, Inc.

Some exclusions apply for the use of the Home Loan application tracker.

Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.