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Variable rate home loans

Enjoy the flexibility to split your home loan at any time and take advantage of a discount off our standard variable rate.

Enquire now

Benefits of a variable rate home loan

Save on interest

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.

Buy with less

Owner occupiers can borrow up to 98% of the property value (with LMI).

Make extra repayments​

And pay out your loan early.​

Stay flexible​

Redraw at no extra cost.

Our variable rate home loans

Show me home loans for

Simple Home Loan

Flexibility, pay for features you need.​

  • No application fee (usually $695)
  • No ongoing fees
  • $10 monthly fee for offsets. 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.

6.29%
p.a.

Variable rate

6.32%
p.a.

Comparison rate

LVR up to 60%. Loan sizes from $20,000.
Understand the comparison rate .

Learn more

Complete Home Loan Package

Save money by combining your accounts into a simple package with one annual fee.

  • No application fee
  • $395 annual package fee
  • Added extras – like offset account and eligible credit card. 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.

6.99%
p.a.

Variable rate

7.37%
p.a.

Comparison rate

LVR  up to 90% with LMI . Loan sizes from $200,000.
Understand the comparison rate .

Learn more

Simple Home Loan

Flexibility, pay for features you need.​

  • No application fee (usually $695)
  • No ongoing fees
  • $10 monthly fee for offsets. 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.

6.44%
p.a.

Variable rate

6.47%
p.a.

Comparison rate

LVR up to 60%. Loans sizes from $20,000.
Understand the comparison rate .

Learn more

Complete Home Loan Package

Save money by combining your accounts into a simple package with one annual fee.

  • No application fee
  • $395 annual package fee
  • Added extras – like offset account and eligible credit card. 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.

7.89%
p.a.

Variable rate

8.26%
p.a.

Comparison rate

LVR  up to 95% with LMI . Loan sizes from $200,000.
Understand the comparison rate .

Learn more

Rates shown are for principal and interest repayments. Different rates apply for interest only.

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

MFAA ‘Non-Major Lender of the Year’ for seven years running, Australian Mortgage Awards ‘Bank of the Year’ twice, and Mortgage Business Non-Major Bank of the Year 2024.

Frequently asked questions

A variable rate home loan is a home loan with an interest rate that may change over time.

A variable rate home loan has an interest rate that changes over time, making it more flexible than a home loan with a fixed rate. Learn more about the differences between fixed and variable rates.

Yes. You can split your variable home loan so that a portion has a fixed rate for an agreed period. Learn more on splitting your loan between variable and fixed.

Yes. If you have a Complete Variable Home Loan and want to switch to a Complete Fixed Home Loan, you may be able to do this in the Bankwest App. Go to your home loan account and tap 'Manage', then 'Your options' under the loan type to see what's possible.

For other home loan products, if your home loan is with another bank or to discuss your options, you can chat to your broker or one of our Home Loan Specialists about switching your loan.

An offset account is a transaction account linked to your home loan, and the money in that account “offsets” your home loan so that you pay less interest. Depending on the type of home loan you have, you might be able to set up multiple offset accounts.

Get in touch for home loan related queries

Make an enquiry

Talk to a home loan specialist about your options.

Book an appointment​

Whether it's after hours or on the weekend, let us know what works for you and we'll make it happen.​

Start applying​ today

Request a conditional pre-approval or start your application.

Keep exploring

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.
 

  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.

Lending and eligibility criteria, and fees and charges, apply for our home loans. Rates are subject to change. The Complete Home Loan Package consists of an eligible home loan, one optional eligible credit card per customer and up to nine optional Offset Transaction Accounts per loan.

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

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.