Bankwest Home Loans

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Bankwest is a provider of home loans, credit cards, bank accounts, personal loans, insurance products, and financial advice.

What home loans does Bankwest offer? 

If you’re currently considering a home loan, the comparison table below displays some of the variable rate home loans on our database from Bankwest that are available for first home buyers. This table is sorted by Star Rating (highest to lowest), followed by comparison rate (lowest-highest). Products shown are principal and interest home loans available for a loan amount of $350K in NSW with an LVR of 80% of the property value. Before committing to a particular home loan product, check upfront with your lender and read the applicable loan documentation to confirm whether the terms of the loan meet your needs and repayment capacity. Use Canstar’s home loan selector to view a wider range of home loan products.

*Comparison rate based on loan amount of $150,000 and a term of 25 years. Read the Comparison Rate Warning

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Bankwest home loan features

Depending on which option you choose, a Bankwest home loan may include:

  • Optional redraw facility
  • Optional offset facility (offset fees apply on some loans)
  • Split loan facility available
  • Multiple repayment options (weekly, fortnightly, or monthly)
  • Additional or lump sum repayments allowed (on selected loans)
  • Interest only repayments available for up to five years on selected loans
  • Unlimited maximum loan amount, subject to approval
  • Family guarantee option available

The inclusions above represent a selection of the features available with Bankwest home loans. Canstar is not making any suggestion or recommendation to you about this product. Additional conditions may apply to different features. Please see our comparison tables for more detailed information about products on offer from this provider. Check upfront with Bankwest and please ensure that you read the product disclosure statement (PDS) or other loan documentation to determine all the current loan terms and conditions for the product you are considering and whether it meets your needs, before committing to it.

Target Market Determinations for Bankwest products are available on Bankwest’s website.

Bankwest FAQs

Before getting started, you might first like to take a look at our applying for a home loan checklist for some pointers, and use the Canstar website to compare home loans with other providers before choosing a product that suits your needs. 

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If you decide to apply for a Bankwest home loan, you can submit an online application or enquire online, over the phone or in person. 

To be eligible for a Bankwest home loan you must be:

  • 18 years or above
  • A permanent Australian resident
  • Able to meet Bankwest’s lending criteria

Bankwest advises that before starting an online application, you should have your financial details, such as your income, expenses, assets and liabilities, and two forms of ID handy.

At the time of writing, Bankwest allows unlimited extra repayments on its variable rate home loans. The fixed rate home loans allow additional payments up to $10,000 above the minimum repayment amount per year. Terms and conditions apply. Contact Bankwest or visit the Bankwest website for details.

To give you an idea of how making extra repayments could save money in interest over the life of your loan, you might like to try our Extra Repayments Calculator.

Home Loans Extra Repayments Calculator

Bankwest offers redraw facilities on eligible variable home loans when additional repayments have been made. Fees and charges apply to the use of a redraw facility that is not online, such as over the counter; contact your lender for details.

If you’re in the market for a home loan, compare your options with Canstar.

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Bankwest says it was founded in 1895 by the Western Australia state government to provide for farmers, under the name Agricultural Bank of Western Australia. In 2008, Bankwest joined the Commonwealth Bank Group.

According to Bankwest, it has been responsible for a number of banking “firsts” in Australia. It says it launched the first drive-through bank branches, WA’s first after-hours cash dispenser (the pre-cursor to the ATM), and it was Australia’s first bank to fully implement electronic data processing. It also says it was the first bank in WA to give women jobs as bank tellers.


Written by: Eliza Parry-Okeden | Last updated: September 12, 2019