Fixed Rate Home Loans.
Fixed rate
Have peace of mind knowing exactly what your repayments will be.
Flexible repayments
Flexible repayments to suit your pay cycle − just meet your minimum monthly amount.
Save on interest
Link an offset and 40% of the balance will offset your home loan.*
Choose your own terms
Fix your rate between one and five years.
Get the basics, or the complete package.
The fixed loan for certainty.
With our fixed rate home loans, lock in a rate and be certain of your repayments for up to 5 years.
Pay off your loan faster by making extra repayments up to $10,000 per year, during your fixed term at no charge.
For a balance between flexibility and security, you can split your loan amount when you set it up between variable and fixed.
What you’ll get with a Bankwest home loan.
Know where you’re at, at a glance.
A home loan with personal service.
Our lenders are here to support you with your home loan when and how it suits you.
See your numbers.
How to apply.
It’s time to get started.
Meet your lender
Tell us about your situation, and we’ll connect you to your specialist lender who’ll help you through the application.
Get pre-approval
If you need pre-approval so you can start your property search, your lender can help you.#
Finalise your loan
Your lender will help you understand which documents are needed to finalise your loan.
Want to talk about buying or refinancing?
Compare the details.
Fixed Rate Home Loan - 3 year term.
Complete Fixed Home Loan - 3 year term.
| Fixed Rate Home Loan - 3 year term. | Complete Fixed Home Loan - 3 year term. |
|---|---|
Description A basic, fixed rate loan for those who want the certainty of consistent repayments. | Description A fixed rate home loan, plus the flexibility to add on other good stuff – like multiple offset accounts and an eligible credit card.*^^ |
| Fixed Rate Home Loan - 3 year term. | Complete Fixed Home Loan - 3 year term. |
|---|---|
Minimum loan $20,000 | Minimum loan $200,000 |
Fixed rate term 3 year | Fixed rate term 3 year |
Maximum loan term 30 years | Maximum loan term 30 years |
| Fixed Rate Home Loan - 3 year term. | Complete Fixed Home Loan - 3 year term. |
|---|---|
Offset facility 40% offset available* | Offset facility 40% offset available* |
Eligible credit card Not included | Eligible credit card Optional – annual fee waived^^ |
Property valuation 1 standard valuation, fees apply for additional## | Property valuation No valuation fees apply |
Redraw Unavailable | Redraw Unavailable |
| Fixed Rate Home Loan - 3 year term. | Complete Fixed Home Loan - 3 year term. |
|---|---|
Loan maintenance fee $12/month during the fixed term† | Loan maintenance fee $0† |
Annual fee $0† | Annual fee $395† |
Application fee $295 (usually $695)†^ | Application fee $0† |
Settlement fee (legal disbursement fee) $350† | Settlement fee (legal disbursement fee) $350† |
Loan increase fee $295, fixed rate break fees may apply† | Loan increase fee $0, fixed rate break fees may apply† |
Redraw fee Redraw not available while on fixed rate† | Redraw fee Redraw not available while on fixed rate† |
Progress payment fee Not applicable† | Progress payment fee Not applicable† |
Fixed rate break admin fee $50† | Fixed rate break admin fee $50† |
Fixed rate break cost Calculated if you break your fixed rate early† | Fixed rate break cost Calculated if you break your fixed rate early† |
| Fixed Rate Home Loan - 3 year term. | Complete Fixed Home Loan - 3 year term. |
|---|---|
Payment frequency Flexible | Payment frequency Flexible |
Extra repayments Up to $10,000/year | Extra repayments Up to $10,000/year |
Interest only Up to 5 years available | Interest only Up to 5 years available |
| Fixed Rate Home Loan - 3 year term. | Complete Fixed Home Loan - 3 year term. |
|---|---|
Offset amount 40%* | Offset amount 40%* |
Monthly fee $0 during fixed term* | Monthly fee $0 |
| Fixed Rate Home Loan - 3 year term. | Complete Fixed Home Loan - 3 year term. |
|---|---|
Up to 80% LVR 6.09% p.a. fixed rate | Up to 80% LVR 5.89% p.a. fixed rate |
Up to 90% LVR including LMI 6.44% p.a. fixed rate | Up to 90% LVR including LMI 6.24% p.a. fixed rate |
Up to 95% LVR including LMI 6.69% p.a. fixed rate | Up to 95% LVR including LMI 6.49% p.a. fixed rate |
Up to 98% LVR including LMI 7.39% p.a. fixed rate | Up to 98% LVR including LMI 7.19% p.a. fixed rate |
| Fixed Rate Home Loan - 3 year term. | Complete Fixed Home Loan - 3 year term. |
|---|---|
Up to 90% LVR including LMI 6.39% p.a. fixed rate | Up to 90% LVR including LMI 6.19% p.a. fixed rate |
Up to 95% LVR including LMI 7.19% p.a. fixed rate | Up to 95% LVR including LMI 6.99% p.a. fixed rate |
Making the most of your loan.
Pay off your loan as fast as possible.
Home loan terms, explained.
Fund a renovation.
The home loan process.
From conditional approval to settlement, we break down the stages for you.
Increasing your home loan.
Find the right loan for you.
Common questions.
With a variable rate home loan your interest rate can go up and down as rates change. This means your repayments can go up and down too.
With a fixed rate home loan you can lock in your rate for period up to five years. This means your rate won’t change during your fixed term and neither will your repayments.
No matter what stage you’re at, we’re here to chat through your home ownership goals at a time that suits you.
Before the end of your fixed term you can choose whether to re-fix your loan or roll on to a variable rate loan. We’ll give you a heads up when your fixed term is ending and outline your options.
If you do nothing, your loan will automatically switch to a variable rate loan with the rate applicable at the time.
If your loan is already locked in to a fixed rate term, then splitting your loan would be would be considered a break in the fixed term and break fees may apply. The break fee depends on a number of factors, including how long you have left on your fixed period.
If you have a variable loan, it’s easy to split your loan between variable and fixed.
Things to consider.
* Offset accounts
Offset Transaction Accounts must be held in the same name as the associated loan account. Fees and charges may apply. Credit interest is not payable on the Offset Transaction Account. Where a monthly offset fee applies it will be charged to each offset account held, not the home loan.
With our Complete Fixed and Fixed Rate home loans maximum 40% offset is available. Other exclusions apply.
For the Fixed Rate Home Loan no offset fee applies during the fixed term, however a $12 monthly loan maintenance fee applies. At the end of the fixed term, a $10 monthly offset fee applies per offset account.
†† Principal and interest repayments
Different rates apply for interest only repayments, contact your broker or Bankwest Lender to find out more. Rates are subject to change.
¶ Loans for a property to live in vs. loans for an investment purpose
Loans for a property to live in (owner-occupier loans) include but aren’t limited to loans to fund the purchase of a property, refinances of existing loans, and land or construction loans, where the borrower currently lives or intends to live at the property.
Loans for an investment purpose (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.
# Pre-approval (approved in principle)
Pre-approval, or ‘approved in principle’ is a letter that indicates the amount we might be able to lend to you. This can give you a good idea of what your borrowing power might be before you go house-hunting. It’s based on the information you’ve given us (without validation or assessment) and is issued after we perform a credit check.
This is different from a conditional approval, where your information is validated and assessed before it’s issued.
^^ Complete Home Loan Package
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. 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.
If you take out a Bankwest Complete Home Loan for investment purposes, you will be contacted by DEPPRO Pty Ltd. Bankwest does not endorse or approve the depreciation schedule prepared by DEPPRO Pty Ltd.
## Property valuation
Any amount in excess of the standard fees is to be met by the customer.
† Other fees and charges apply
When you buy a property, other fees may apply, including government and bank fees. Calculate stamp duty, LMI and other upfront costs of buying a home. 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 these products.
^ 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.
Loan to Value Ratio (LVR)
Loan to Value Ratio (LVR) is the portion of money you are borrowing in relation to the value of the property. For example, if you borrow $400,000 to buy a property worth $500,000, your LVR is 80% (400,000/500,000).
Lenders Mortgage Insurance (LMI)
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 20% or more of the value of the property.
Redraw
Redraw is not available while an account is on a Fixed Rate. This feature will be available once the Fixed Rate term ends. Eligible customers who receive a cashback payment into their Fixed Rate home loan account can access those funds upon request.
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.