BankwestBankwest Simple Home Loan
A simple, flexible variable loan designed to save you fees.
At a glance
- Variable (owner occ. P&I)
- 6.44%6.47% comparison
- Variable (investor P&I)
- 6.69%
- Max LVR
- 98%
- Features
- offset, redraw, extra repayments
Rates
Every rate Bankwest publishes for this home loan, 16 in all.
Variable rate by LVR
Owner occupier, principal and interest, the lowest rate published for each band of the loan's share of the property's value
- ≤60%6.44%
- 60–70%6.49%
- 70–80%6.49%
- 80–90%6.64%
- 90–95%6.94%
- 95–98%7.54%
| 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 | 8.27% | 8.30% | - |
| 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 | 6.69% | 6.72% | - |
| 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 | 6.74% | 6.77% | - |
| 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 | 6.74% | 6.77% | - |
| 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 | 7.04% | 7.07% | - |
| 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 | 7.74% | 7.77% | - |
| 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 | 7.59% | 7.62% | - |
| 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 | 6.44% | 6.47% | - |
| VariableRate to be applied is calculated off the applicable variable reference rate, and any discount that the customer may be entitled to. | Owner occupied, 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. | Owner occupied, 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. | Owner occupied, P&I | - | 80–90% LVR | 6.64% | 6.67% | - |
| 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 | 6.74% | 6.77% | - |
| 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 | 6.94% | 6.97% | - |
| 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 | 7.14% | 7.17% | - |
| 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 | 7.54% | 7.57% | - |
| 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 | 8.62% | 8.65% | - |
Rate changes
13 changes logged, newest first.
| Date | Rate | Was | Now | Change |
|---|---|---|---|---|
| 10 Oct 2026 | Variable, Investment, Interest only, ≤90% LVR | 8.02% | 8.27% | up 0.25 |
| 10 Oct 2026 | Variable, Investment, P&I, ≤60% LVR | 6.44% | 6.69% | up 0.25 |
| 10 Oct 2026 | Variable, Investment, P&I, 60–70% LVR | 6.49% | 6.74% | up 0.25 |
| 10 Oct 2026 | Variable, Investment, P&I, 70–80% LVR | 6.49% | 6.74% | up 0.25 |
| 10 Oct 2026 | Variable, Investment, P&I, 80–90% LVR | 6.79% | 7.04% | up 0.25 |
| 10 Oct 2026 | Variable, Investment, P&I, 90–95% LVR | 7.49% | 7.74% | up 0.25 |
| 10 Oct 2026 | Variable, Owner occupied, Interest only, ≤80% LVR | 7.34% | 7.59% | up 0.25 |
| 10 Oct 2026 | Variable, Owner occupied, P&I, ≤60% LVR | 6.19% | 6.44% | up 0.25 |
| 10 Oct 2026 | Variable, Owner occupied, P&I, 60–70% LVR | 6.24% | 6.49% | up 0.25 |
| 10 Oct 2026 | Variable, Owner occupied, P&I, 70–80% LVR | 6.24% | 6.49% | up 0.25 |
| 10 Oct 2026 | Variable, Owner occupied, P&I, 80–90% LVR | 6.49% | 6.74% | up 0.25 |
| 10 Oct 2026 | Variable, Owner occupied, P&I, 90–95% LVR | 6.89% | 7.14% | up 0.25 |
| 10 Oct 2026 | Variable, Owner occupied, P&I, 95–98% LVR | 8.37% | 8.62% | up 0.25 |
Each change is logged the night it appears in the rates Bankwest publishes. See how every lender answered the RBA on the rate tracker.
Fees
21 fees published, grouped by when they're charged.
- When you take it outUp to $6954 fees, each listed below
- While you hold itNo fee published
- When you close it or pay it offUp to $3004 fees, each listed below
When you take it out4
- Application Fee
Application fee currently waived.
$695 - Legal Disbursement Fee
Applies when a new mortgage is being taken. Applies whether the settlement is attended in person or digitally.
$350 - Lenders Mortgage Insurance
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…
Varies - Mortgage Registration Fee
These are payable to Bankwest in reimbursement of Land Titles Office fees. Charges vary depending on the State of lodgement.
Varies
When you make a transaction1
- Bank Cheque Fee
Payable per cheque required for settlement purposes and each time you request a bank cheque.
$10
When particular things happen12
- Arrears Notice Fee
Cost is per notice and payable upon notification that your account is in arrears, during the period the loan is in default.
$35 - Default Administration Fee
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.
$50 - Legal Fees
Payable where Bankwest requires external legal services as part of the application.
Varies - Low Deposit Premium fee
For Australian Government 5% Deposit Scheme loans, if the guarantee is cancelled by Housing Australia or otherwise no longer valid, a Low Deposit Premium fee may apply.
Varies - Progress Payment Fee
Payable on each occasion the Bank makes a progress payment.
$80 - Search Handling Fee
Cost is per dealing and payable for completion of any search conducted by Bankwest.
$40 - Security Assessment Fee
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.
Varies - Third Party Fees (including legal fees) Associated with the Discharge
These are payable to Bankwest in reimbursement of any third party fees associated with a discharge.
Varies - Title Production Fee
Cost is per title and payable when Bankwest is required to produce title documents.
$130 - Transfer of Land Registration Fee
These are payable to Bankwest in reimbursement of Land Titles Office fees. Charges vary depending on the State of lodgement.
Varies - Home Loan Portability Fee
Fee is payable upon application to Bankwest to substitute an existing security with another security.
$350 - Loan Increase Fee
Payable when you apply to increase the amount of credit or credit limit under an existing loan.
$295
When you close it or pay it off4
- Discharge of Mortgage Registration Fee
These are payable to Bankwest in reimbursement of Land Titles Office fees. Charges may vary depending on the State of lodgement.
$135.80 to $238.14 - Discharge of Pre-existing Mortgage Registration Fee
These are payable to Bankwest in reimbursement of Land Titles Office fees. Charges vary depending on the State of lodgement.
Varies - Discharge Settlement Attendance Fee
Payable per settlement and applies whether the settlement is attended in person or digitally.
$38.20 - Preparation of Discharge of Mortgage Fee
Payable for the preparation of each discharge of mortgage document.
$300
Features
- 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.
Eligibility and limits
- Minimum age 18
- Residency: Overseas Citizen
- Available to individuals
- Amount from $20,000, no maximum
- Maximum LVR 98%
- 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.
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Published by Bankwest under the Consumer Data Right, last changed by them on 3 Nov 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.