---
title: "Bankwest Simple Home Loan — Bankwest"
description: "Home Loans from Bankwest. Rates, fees, features and eligibility as published under Australia's Consumer Data Right."
canonical: https://www.cdrcompare.au/brands/bankwest/products/a89c13433bc142f9a6c659dcc1961abd
source: "CDR Compare"
language: en-AU
last_updated: 2026-08-11T20:44:23.000Z
---

# Bankwest Simple Home Loan — Bankwest

> Home Loans from Bankwest. Rates, fees, features and eligibility as published by the provider under Australia's Consumer Data Right, compared on CDR Compare.

**Home Loans**

A simple, flexible variable loan designed to save you fees.

## At a glance

- **From (owner occupied):** 6.19% (6.22% comparison)

## Apply

Applications are handled by the provider: [Apply at Bankwest](https://www.bankwest.com.au/home-loans/variable-rate)

## Interest rates

### Owner occupied — Principal & interest

| Type | Rate | Comparison | Applies to |
| --- | --- | --- | --- |
| Variable (Rate to be applied is calculated off the applicable variable reference rate, and any discount that the customer may be entitled to.) | 6.19% | 6.22% | LVR ≤60% |
| Variable (Rate to be applied is calculated off the applicable variable reference rate, and any discount that the customer may be entitled to.) | 6.24% | 6.27% | LVR 60.01–70% |
| Variable (Rate to be applied is calculated off the applicable variable reference rate, and any discount that the customer may be entitled to.) | 6.24% | 6.27% | LVR 70.01–80% |
| Variable (Rate to be applied is calculated off the applicable variable reference rate, and any discount that the customer may be entitled to.) | 6.49% | 6.52% | LVR 80.01–90% |
| Variable (Rate to be applied is calculated off the applicable variable reference rate, and any discount that the customer may be entitled to.) | 6.89% | 6.92% | LVR 90.01–95% |
| Variable (Rate to be applied is calculated off the applicable variable reference rate, and any discount that the customer may be entitled to.) | 8.37% | 8.4% | LVR 95.01–98% |

### Owner occupied — Interest only

| Type | Rate | Comparison | Applies to |
| --- | --- | --- | --- |
| Variable (Rate to be applied is calculated off the applicable variable reference rate, and any discount that the customer may be entitled to.) | 7.34% | 7.37% | LVR ≤80% |

### Investment — Principal & interest

| Type | Rate | Comparison | Applies to |
| --- | --- | --- | --- |
| Variable (Rate to be applied is calculated off the applicable variable reference rate, and any discount that the customer may be entitled to.) | 6.44% | 6.47% | LVR ≤60% |
| Variable (Rate to be applied is calculated off the applicable variable reference rate, and any discount that the customer may be entitled to.) | 6.49% | 6.52% | LVR 70.01–80% |
| Variable (Rate to be applied is calculated off the applicable variable reference rate, and any discount that the customer may be entitled to.) | 6.49% | 6.52% | LVR 60.01–70% |
| Variable (Rate to be applied is calculated off the applicable variable reference rate, and any discount that the customer may be entitled to.) | 6.79% | 6.82% | LVR 80.01–90% |
| Variable (Rate to be applied is calculated off the applicable variable reference rate, and any discount that the customer may be entitled to.) | 7.49% | 7.52% | LVR 90.01–95% |

### Investment — Interest only

| Type | Rate | Comparison | Applies to |
| --- | --- | --- | --- |
| Variable (Rate to be applied is calculated off the applicable variable reference rate, and any discount that the customer may be entitled to.) | 8.02% | 8.05% | LVR ≤90% |

## Fees

| Fee | Type | Amount |
| --- | --- | --- |
| Application Fee — Discount −$695.00 — Application fee currently waived. (eligibility: Other: Application fee waived.) | Upfront | $695.00 |
| Bank Cheque Fee — Payable per cheque required for settlement purposes and each time you request a bank cheque. | Transaction | $10.00 |
| 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. | Event | $35.00 |
| Legal Fees — Payable where Bankwest requires external legal services as part of the application. | Event | Variable |
| Mortgage Registration Fee — These are payable to Bankwest in reimbursement of Land Titles Office fees. Charges vary depending on the State of lodgement. | Upfront | Variable |
| 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. | Exit | Variable |
| 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. | Event | Variable |
| 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. | Event | Variable |
| 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. | Exit | $135.80 – $238.14 |
| 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. | Event | Variable |
| Legal Disbursement Fee — Applies when a new mortgage is being taken. Applies whether the settlement is attended in person or digitally. | Upfront | $350.00 |
| Preparation of Discharge of Mortgage Fee — Payable for the preparation of each discharge of mortgage document. | Exit | $300.00 |
| Discharge Settlement Attendance Fee — Payable per settlement and applies whether the settlement is attended in person or digitally. | Exit | $38.20 |
| Title Production Fee — Cost is per title and payable when Bankwest is required to produce title documents. | Event | $130.00 |
| Search Handling Fee — Cost is per dealing and payable for completion of any search conducted by Bankwest. | Event | $40.00 |
| Progress Payment Fee — Payable on each occasion the Bank makes a progress payment. | Event | $80.00 |
| Home Loan Portability Fee — Fee is payable upon application to Bankwest to substitute an existing security with another security. | Variation | $350.00 |
| 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. | Event | $50.00 |
| Loan Increase Fee — Payable when you apply to increase the amount of credit or credit limit under an existing loan. | Variation | $295.00 |
| 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 cost associated with LMI. This LMI premium is not a bank fee or an establishment fee. LMI refunds may apply for certain products and customers who met the eligibility criteria. | Upfront | Variable |

## 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 property within the loan term. The proceeds from the property sale will go towards paying off the bridging loan.**
- **Real-time payments (NPP)** (An account of this product type can be used to receive funds as a result of a BSB/Number based NPP payment.)
- **Digital banking** (You can start banking with us anytime using the Bankwest App or Bankwest Online Banking.)
- **Extra repayments** (You can make unlimited extra repayments with our variable rate home loans.)
- **Guarantor supported** (A guarantor is someone who agrees to be responsible for repaying a debt owed to us under a loan provided to another individual if the borrower (or borrowers) cannot make their repayments. A guarantor supports the loan by providing us with an additional property as security. By providing a guarantee, we may lend to the borrower in situations where they may not have been able to secure the full amount of the loan they require. Independent legal and financial advice is required for these applications.)
- **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 plan purchases and building/construction purposes.**
- **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. One great benefit of a fixed rate loan is that your repayments won't change for the entirety of the fixed term, which could help you to budget.**
- **You can switch between Variable Home Loan and Fixed Rate Home Loan. Early termination fees may apply when switching from a Fixed Home Loan.**
- **Notifications** — Notifications (Custom alerts are available for mobile personal banking accounts on eligible devices in which you have the Bankwest App installed and notifications enabled. Limited alerts only are available for credit products.)
- **Offset account** (Link an Offset account to your Bankwest Simple Home Loan. This can help you reduce the amount of interest that you pay over the life of your loan.)
- **Redraw facility** (Access your surplus balance when you need, available via online banking.)
- **Principal & Interest or Interest only options are available.**

## Eligibility

- **Minimum age** — 18 years (Customers must be an individual 18 years or older.)
- **Individuals only** — Individuals
- **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.**
- **Security of the home loan is located in Australia.** — Australia 
- **Residency status** — Australian citizen or Australian permanent resident (Be an Australian citizen or Australian permanent resident. (Limited exceptions may apply subject to conditions.) )

## Constraints

- **Maximum LVR** — 98% (The total LVR of the existing and/or new Bankwest Simple Home Loan cannot exceed 98%. This is applicable to Owner occupiers loans with a Principal and Interest repayment type.)
- **Maximum LVR** — 95% (The total LVR of the existing and/or new Bankwest Simple Home Loan cannot exceed 95%. This is applicable to Investment loans with a Principal and Interest repayment type.)
- **Maximum LVR** — 80% (The total LVR of the existing and/or new Bankwest Simple Home Loan cannot exceed 80%. This is applicable to Owner occupiers loans with an Interest Only repayment type.)
- **Maximum LVR** — 90% (The total LVR of the existing and/or new Bankwest Simple Home Loan cannot exceed 90%. This is applicable to Investment loans with an Interest Only repayment type.)
- **Minimum LVR** — 0% (There is no minimum loan to value ratio (LVR) applied to this product.)
- **Minimum limit** — $20,000.00 (Minimum individual loan size is $20,000.)

## More information from Bankwest

- [Overview](https://www.bankwest.com.au/home-loans/variable-rate)
- [Terms & conditions](https://www.bankwest.com.au/home-loans/variable-rate)
- [Eligibility](https://www.bankwest.com.au/home-loans/variable-rate)
- [Fees & pricing](https://www.bankwest.com.au/home-loans/variable-rate)

## Data provenance

- Published by Bankwest under the Consumer Data Right
- Product ID: `a89c13433bc142f9a6c659dcc1961abd`
- Last updated by the provider: 11 August 2026
- Source payload (JSON): https://www.cdrcompare.au/api/raw/bankwest/a89c13433bc142f9a6c659dcc1961abd
- Provider page: https://www.cdrcompare.au/brands/bankwest
- CDR register entry: https://www.cdr.gov.au/find-a-provider?provider=000029

---

Source: [CDR Compare](https://www.cdrcompare.au/brands/bankwest/products/a89c13433bc142f9a6c659dcc1961abd) — product data published by Australian data holders under the Consumer Data Right. Not financial advice; no rankings, recommendations or affiliate relationships. Always confirm details with the provider.

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