Compare
Bankwest Home Loans
Posted March 31st, 2010
and last modified January 18th, 2012
Compare Bankwest Home Loans with the best home loans available in Australia.
When you are searching for a home loan, the most important thing to remember is that you are in control. Gone are the days when you had to grovel to a bank manager and plead your case to secure a home loan because there was just one or two banks offering safe loan options; the banks are no longer able to maintain their monopoly over the home loan market and you are free to shop around, demand a better deal and choose a home loan with all of the features you want and need, and not be charged for the ones you don’t. Plus, in order to attract home loan customers from the automatic choice many people make in a big bank lender, second tier banks are offering exclusive extras, discounts and benefits, no matter what type of loan you need.
Featured Bankwest Home Loans
| Home Loan | Details | Interest Rate (p.a.) | Comp Rate^ (p.a.) | App Fee / Ongoing Fee | Max LVR | Min & Max Borrowing | |
|---|---|---|---|---|---|---|---|
 Bankwest Rate Cutter Home Loan |
0.4% discount off standard variable rate and additional 0.1% each year for four years. | 6.80% | 6.54% | $595 / $ 0 | 95% | $20,000 / $10,000,000 |
 
|
Bankwest Premium Home Loan |
No application fee on offer for a limited time only. | 6.60% | 6.65% | $700 / $ 0 | 95% | $20,000 / $200,000 |
|
Bankwest Premium Select Home Loan |
0.85% discounted interest rate for the life of the loan. | 6.35% | 6.40% | $700 / $ 0 | 95% | $200,000 / $0 |
|
Bankwest Lite Home Loan |
No application fee and interest only option available. | 7.08% | 7.09% | $500 / $ 0 | 95% | $20,000 / $1,000,000 |
|
Bankwest Lite Plus Home Loan $250,000 to $1,000,000 |
Manage your mortgage via linked accounts. | 6.98% | 6.98% | $ 0 / $360 | 95% | $250,000 / $1,000,000 |
|
Bankwest Lite Plus Home Loan over $1,000,000 |
Consolidate your banking and save. | 6.93% | 6.93% | $ 0 / $360 | 95% | $1,000,000 / $10,000,000 |
|
Bankwest Easy Doc Home Loan |
No proof of income required-declaration only. | 8.12% | 7.95% | $ 0 / $ 0 | 80% | $20,000 / $2,500,000 |
|
Bankwest Fixed Rate Home Loan – 1 Year Fixed Rate |
Bankwest 12 month fixed rate. | 6.19% | 7.27% | $700.00 / $12 | 95% | $20,000 / $10,000,000 |
|
Bankwest Fixed Rate Home Loan – 2 Year Fixed Rate |
Bankwest 2 year fixed rate. | 6.19% | 7.17% | $700.00 / $12 | 95% | $20,000 / $10,000,000 |
|
Bankwest Fixed Rate Home Loan – 3 Year Fixed Rate |
Bankwest 3 year fixed rate. | 6.29% | 7.11% | $700.00 / $ 12 | 95% | $20,000 / $10,000,000 |
|
Bankwest Fixed Rate Home Loan – 5 Year Fixed Rate |
Bankwest 5 year fixed rate. | 6.99% | 7.29% | $700 / $12 | 95% | $20,000 / $10,000,000 |
|
Bankwest Mortgage Shredder |
Bankwest Premium Variable Loan. | 7.20% | 7.26% | $700 / $0 | 95% | $20,000 / $10,000,000 |
|
Bankwest Mortgage Shredder Fixed Introductory Rate |
A fixed loan with a low rate to help get you started. | 7.29% | 7.86% | $700 / $ 0 | 95% | $20,000 / $10,000,000 |
|
Bankwest Mortgage Shredder Variable Introductory Rate |
Flexible repayment options and 100% offset account on offer. | 6.20% | 7.15% | $700 / $ 0 | 95% | $20,000 / $10,000,000 |
|
Bankwest Equity Access |
Provides instant and ongoing access to finance. | 7.18% | $ 0 / $ 325 | 90% | $20,000 / $10,000,000 |
|
|
Bankwest Seniors Equity Release Home Loan |
No repayments required for the life of the loan! | 8.05% | 8.09% | $700 / $ 0 | 25% | $20,000 / $2,500,000 |
|
Types of Bankwest Home Loans
The type of home loan you are best suited to depends on your financial situation, your financial goals and the type of property you have or are buying. That is why it is best to speak with an expert like Home Loan Finder about all of these variables, and we can advise you on the home loan type you need, and the features which will help you repay your loan faster such as:
- A fixed interest loan. If you’re on a tight budget or just like the security and reliability of knowing what your repayments are going to be, you may be willing to trade off for a slightly higher interest rate with a Bankwest fixed interest rate loan. Plus you can reduce your repayments anyway if you take advantage of the linked offset facility.
- A variable interest rate. You can choose from a range of variable rate loans from Bankwest including taking advantage of low introductory rates, discounted for the first year of your loan to help you ease into being a mortgage holder, and settle into your home.
- Accessing equity. If you have an existing home you may consider using a Bankwest equity loan to access the value you have built up in your property. You can use a Bankwest line of credit facility as part of your equity loan, or use the specialised seniors equity release option to enjoy your retirement thanks to the hard work you have put into repaying your home loan.
- First home buyer loans. Bankwest are also able to offer support for first home buyers who may not have the required documentation, may need a discount in the first year of their loan, or an ongoing discount to maintain their lifestyle.
- Investment loans. Bankwest offers you more than just the choice of interest only repayments as an investor and can offer you a complementary credit card to help you manage your expenses, a fixed interest rate loan to maintain cash flow or a loan with no ongoing fees.
Benefits of Bankwest Home Loans
Bankwest work hard to offer you more than the other banks, for example, if you are an existing Bankwest customer, you can borrow more of the property value than new customers and in most cases only need to provide a 5% deposit, rather than a 10% deposit.
You can also choose to be rewarded in a way which suits you, whether you want to enjoy a lifetime discounted interest rate on your loan, or a refund of your application fee if you hold your loan for more than three years.
With so many choices from just one bank you may be feeling a bit overwhelmed. Therefore, read our reviews for more information about each Bankwest product.
If you are looking to apply for a Bankwest Credit Card, consider the low interest rate Bankwest Breeze credit card – currently the lowest purchase rate MasterCard in Australia.
Related Resources
- Bankwest Equity Access
After building up equity on your home you should be able to use the money. Have a look at the Bankwest Equity Access loan and find out how you can unlock the equity in your home. - Bankwest Fixed Home Loan
With fixed rate loans you generally have fewer features. Have a look at the Bankwest Fixed Loan and see that not all fixed rate home loan options have few features. - Bankwest Interest In Advance Fixed Loan
Would you like to save money by paying your interest in advance and getting a discount rate. Have a look at the Bankwest Fixed Loan – Interest in Advance and take advantage of the savings. - Bankwest Lite Home Loan
Are you looking to save money on your next home loan while having the option of being flexible with your repayments? The Bankwest Lite Home Loan offers a home loan with a great interest rate and features that allow you to be flexible. Find out more by reading this article. - Bankwest Lite Plus Home Loan $250,000 to $1,000,000
Do you want a great home loan with a lot of features and fee free transaction and credit accounts? The Bankwest Lite Home Loan $250,000 to $1,000,000 offers all of this. Read on to find out more. - Bankwest Lite Plus Home Loan over $1,000,000
If you are looking at applying for a home loan for an amount over $1,000,000, the Bankwest Lite Plus Home Loan Over $1,000,000 may be for you. To find out more about the additional features you will receive please read on. - Bankwest Mortgage Shredder
Are you looking for a home loan that requires a low deposit? The Bankwest Mortgage Shredder offers a competitive home loan with many features, while only requiring 5% deposit on the house. Read this article to find out more. - Bankwest Mortgage Shredder Fixed Introductory Rate
If you would like the stability of a fixed rate for the start of your loan the Bankwest Mortgage Shredder Fixed Introductory Rate home loan may suit you. With discounts on introductory interest rates you will reduce the cost of paying off you home loan. Read this article to find out more. - Bankwest Mortgage Shredder Variable Introductory Rate
A lower interest rate will save you money on your home loan. The Bankwest Mortgage Shredder Variable Introductory Home Loan offers you a heavily discounted introductory interest rate to help you save money. Read this article to find out more. - Bankwest Premium Home Loan
If you want the a discounted interest rate to ensure you are always getting the lowest rate on your loan, check out the Bankwest Premium Home Loan and start saving today. - Bankwest Seniors Equity Release
Are you retired and need additional funds to supplement your income. The Seniors Equity Release mortgage allows you to use the money you have saved in the equity of your home. Read this article to find out more. - The Premium Select Home Loan
Take advantage of a competitive interest rate and a range of great features including interest only repayments and a linked 100% offset account. - The Rate Cutter Home Loan
Related Posts
- Bankwest Harvest Line of Credit Loan
- Bankwest Rate Tracker Home Loan
- Refinance your Home Loan or Switch to Bankwest
If you are looking to refinance your home loan or switch to Bankwest then you should read this article and find out how easy the whole process can be and how much money you can save. - How to apply for a Bankwest Home Loan
Bankwest offer a wide range of loans at low rates. Read this article and find out how to apply for a Bankwest home loan. - Bankwest Easy Doc Home Loan
Are you self employed and looking for an affordable home loan. The Bankwest Low Doc Home Loan is an affordable home loan designed to meet the needs of a self employed person. Read this article to find out more.
Ask A Question