Bankwest
Bankwest Simple Home Loan
A simple, flexible variable loan designed to save you fees.
Home loansBank updated 23 Sept 2026
At a glance
- Variable (owner occ. P&I)
- 6.19% · 6.22% comparison
- Variable (investor P&I)
- 6.44%
- Max LVR
- 90%
- Features
- offset, redraw, extra repayments
§ 01 — Rates · 13
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| VariableRate to be applied is calculated off the applicable variable reference rate, and any discount that the customer may be entitled to. | Investment · Interest only | — | ≤90% LVR | 8.02% | 8.05% | — |
| VariableRate to be applied is calculated off the applicable variable reference rate, and any discount that the customer may be entitled to. | Investment · P&I | — | ≤60% LVR | 6.44% | 6.47% | — |
| VariableRate to be applied is calculated off the applicable variable reference rate, and any discount that the customer may be entitled to. | Investment · P&I | — | 60–70% LVR | 6.49% | 6.52% | — |
| VariableRate to be applied is calculated off the applicable variable reference rate, and any discount that the customer may be entitled to. | Investment · P&I | — | 70–80% LVR | 6.49% | 6.52% | — |
| VariableRate to be applied is calculated off the applicable variable reference rate, and any discount that the customer may be entitled to. | Investment · P&I | — | 80–90% LVR | 6.79% | 6.82% | — |
| VariableRate to be applied is calculated off the applicable variable reference rate, and any discount that the customer may be entitled to. | Investment · P&I | — | 90–95% LVR | 7.49% | 7.52% | — |
| VariableRate to be applied is calculated off the applicable variable reference rate, and any discount that the customer may be entitled to. | Owner occupied · Interest only | — | ≤80% LVR | 7.34% | 7.37% | — |
| VariableRate to be applied is calculated off the applicable variable reference rate, and any discount that the customer may be entitled to. | Owner occupied · P&I | — | ≤60% LVR | 6.19% | 6.22% | — |
| VariableRate to be applied is calculated off the applicable variable reference rate, and any discount that the customer may be entitled to. | Owner occupied · P&I | — | 60–70% LVR | 6.24% | 6.27% | — |
| VariableRate to be applied is calculated off the applicable variable reference rate, and any discount that the customer may be entitled to. | Owner occupied · P&I | — | 70–80% LVR | 6.24% | 6.27% | — |
| VariableRate to be applied is calculated off the applicable variable reference rate, and any discount that the customer may be entitled to. | Owner occupied · P&I | — | 80–90% LVR | 6.49% | 6.52% | — |
| VariableRate to be applied is calculated off the applicable variable reference rate, and any discount that the customer may be entitled to. | Owner occupied · P&I | — | 90–95% LVR | 6.89% | 6.92% | — |
| VariableRate to be applied is calculated off the applicable variable reference rate, and any discount that the customer may be entitled to. | Owner occupied · P&I | — | 95–98% LVR | 8.37% | 8.40% | — |
§ 02 — Fees · 20
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Arrears Notice Fee | Event | $35 | — | Cost is per notice and payable upon notification that your account is in arrears, during the period the loan is in default. |
| Default Administration Fee | Event | $50 | — | Cost is per month and payable on issue of a statutory default notice, during the period that your loan is under administration due to being in default. |
| Legal Fees | Event | Varies | — | Payable where Bankwest requires external legal services as part of the application. |
| Progress Payment Fee | Event | $80 | — | Payable on each occasion the Bank makes a progress payment. |
| Search Handling Fee | Event | $40 | — | Cost is per dealing and payable for completion of any search conducted by Bankwest. |
| Security Assessment Fee | Event | Varies | — | Payable when we perform a valuation on any mortgaged real property forming part of the Security after the initial settlement in reimbursement of the valuer's fee. |
| Third Party Fees (including legal fees) Associated with the Discharge | Event | Varies | — | These are payable to Bankwest in reimbursement of any third party fees associated with a discharge. |
| Title Production Fee | Event | $130 | — | Cost is per title and payable when Bankwest is required to produce title documents. |
| Transfer of Land Registration Fee | Event | Varies | — | These are payable to Bankwest in reimbursement of Land Titles Office fees. Charges vary depending on the State of lodgement. |
| Discharge of Mortgage Registration Fee | Exit | $135.80 to $238.14 | — | These are payable to Bankwest in reimbursement of Land Titles Office fees. Charges may vary depending on the State of lodgement. |
| Discharge of Pre-existing Mortgage Registration Fee | Exit | Varies | — | These are payable to Bankwest in reimbursement of Land Titles Office fees. Charges vary depending on the State of lodgement. |
| Discharge Settlement Attendance Fee | Exit | $38.20 | — | Payable per settlement and applies whether the settlement is attended in person or digitally. |
| Preparation of Discharge of Mortgage Fee | Exit | $300 | — | Payable for the preparation of each discharge of mortgage document. |
| Bank Cheque Fee | Transaction | $10 | — | Payable per cheque required for settlement purposes and each time you request a bank cheque. |
| Application Fee | Upfront | $695 | — | Application fee currently waived. |
| Legal Disbursement Fee | Upfront | $350 | — | Applies when a new mortgage is being taken. Applies whether the settlement is attended in person or digitally. |
| Lenders Mortgage Insurance | Upfront | Varies | — | Lenders Mortgage Insurance (LMI) may apply where there is an increased risk associated with a home loan. The circumstances of your loan determine whether a loan will incur LMI. There is a one-off cos… |
| Mortgage Registration Fee | Upfront | Varies | — | These are payable to Bankwest in reimbursement of Land Titles Office fees. Charges vary depending on the State of lodgement. |
| Home Loan Portability Fee | Variation | $350 | — | Fee is payable upon application to Bankwest to substitute an existing security with another security. |
| Loan Increase Fee | Variation | $295 | — | Payable when you apply to increase the amount of credit or credit limit under an existing loan. |
§ 03 — Features
Offset accountRedrawExtra repaymentsGuarantor optionInstant paymentsDigital banking
- · Topping up or increasing your home loan is a way to unlock more funds by borrowing against the equity you've built up on your current property.
- · One standard valuation included. Any amount in excess of the standard fee is to be met by the customer.
- · Make weekly or fortnightly repayments, instead of monthly
- · A bridging loan could help you purchase a new property to live in, before you sell your existing home. It's a temporary loan, for up to 6 months, however you'll need to sell and settle your current p…
- · Track your application online in real time with our Home Loan Application Tracker.
- · To reduce your limit, send a request in Bankmail via online banking or chat to your lender or broker.
- · Up to 30 years.
- · This loan can be used for the purposes of owner occupied or investment property purchases, refinancing your existing home loan, purchasing of vacant land (non-commercial), personal needs, off the pla…
- · Sufficient security must be an acceptable residential mortgage
- · If you're worried about fluctuating interest rates, you could choose to fix a portion of your home loan for an agreed term (of one to five years) while keeping the rest variable for extra flexibility…
- · You can switch between Variable Home Loan and Fixed Rate Home Loan. Early termination fees may apply when switching from a Fixed Home Loan.
- · Principal & Interest or Interest only options are available.
§ 04 — Eligibility & limits
- · Minimum age 18
- · Residency: Overseas Citizen
- · Available to individuals
- · Amount $20,000 to no maximum
- · Maximum LVR 90%
- · Security of the home loan is located in Australia.
- · Meet Bankwest's credit assessment criteria which includes demonstrating the capacity to make the required repayments and the ability to pay off the loan without substantial hardship.
- · When both living and working overseas, must be an Australian Citizen; or a New Zealand Citizen; or an Australian permanent resident.
§ 06 — Run the numbers
Put this product through a calculator
Published by Bankwest under the Consumer Data Right, last changed by them on 23 Sept 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.