Bankwest Home Loans

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

Bankwest Home Loan Rates & Options:

Compare Bankwest banking products at CanstarHere’s a snapshot of Bankwest’s home loans, rates & options currently on offer for a purchase value of $600,000 in NSW. Please note that this table is formulated based on paying both principal and interest whilst being sorted by comparison rate (lowest to highest). To compare other home loans, please click here.

 

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Loan Options: What Bankwest home loans offer

The inclusions below represent a selection of the features available with a standard Variable Rate home loan of $350,000 for an owner-occupier. Canstar is not making any suggestion or recommendation to you about this product. Please see our comparison tables for more details and information about products on offer from this provider and other providers listed on our database.

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Additional conditions may apply to different features. Please ensure that you read the product disclosure statement to determine all the current loan terms and conditions for the product you are considering.

Bankwest Standard Variable Home Loan Features

(Bankwest’s standard variable home loan is the Complete Variable Home Loan also called the Mortgage Shredder.)

  • Redraw facility available.
  • Split loan facility available; unlimited splits allowed; no split loan application fee.
  • Mortgage is portable.
  • Repayments may be made weekly, fortnightly, or monthly.
  • Additional repayments allowed.
  • Lump sum repayments allowed.
  • Interest only repayments available for up to 5 years.
  • Minimum loan amount $20,000 – up to unlimited maximum loan amount.
  • Family guarantee option available.

What types of home loans does Bankwest offer?

At the time of writing, Bankwest offers the following types of home loans:

  • Variable rate home loan
  • Fixed rate home loan
  • Package home loan
  • Investment home loan

Find out about how different types of home loans work here.

See our comparison tables for details of Bankwest home loans:

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Bankwest FAQs

You can apply for a Bankwest loan either online, over the phone on 13 17 19 (open 7 days), or in a branch. You can also arrange for a Bankwest Home Loan Specialist to come to you. Follow our applying for a home loan checklist, and use the Canstar website to compare Bankwest home loans with other home loans before choosing a product that suits your needs:

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Yes, Bankwest allows extra repayments on their variable rate home loans. Terms and conditions apply; contact your lender for details.

Yes, Bankwest offers redraw facilities on eligible home loans when additional repayments have been made. Fees and charges may apply to use of a redraw facility; contact your lender for details.

Bankwest lets you make home loan repayments via bank transfer, mobile banking, online banking, over the phone, or in-branch.

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

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Bankwest was founded in 1895 by the state government to provide for farmers, under the name Agricultural Bank of Western Australia. Back then, WA was a wide and relatively empty expanse, so Bankwest staff would hit the road and travel for miles between farms, sleeping on the side of the road. In 2008, Bankwest joined the Commonwealth Bank Group.

Bankwest was responsible for a number of banking “firsts” in Australia – they launched blue light signature verification units, drive-through bank branches, WA’s first after-hours cash dispenser (the pre-cursor to the ATM), and Australia’s first bank to fully implement electronic data processing. They were also the first bank in WA to give women jobs as bank tellers.

Source: Bankwest 

Complete Home Loan Variable Owner Occupied

Canstar Research
Rating:
Award: Outstanding Value Home Loans

2017 Home Loans -Variable

$600K+

View the 2017 Home Loans Star Ratings

Showing products in Canstar’s database with links to lenders’ websites. The display is sorted by the advertised interest rate (lowest to highest), then provider name (alphabetically).

Source: Canstar. Based on residential variable home loans available for a loan amount of $350,000 at 80% LVR, and available for Principal and Interest repayments. 
*Comparison rate based on loan amount of $150,000. Read the Comparison Rate Warning.

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Written by: TJ Ryan | Last updated: