Bankwest Simple Home Loan
A simple, flexible variable loan designed to save you fees.
- From (owner occupied)
- 6.19%
- 6.22% comparison
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 |
| 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 |
| 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 |
| 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 |
| Variable Rate to be applied is calculated off the applicable variable reference rate, and any discount that the customer may be entitled to. |
Fees
| Fee | Type | Amount |
|---|---|---|
Application Fee
| 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 |
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.
Eligibility
- Minimum age — 18 yearsCustomers 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 residentBe 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.
More Information
Published by Bankwest under the Consumer Data Right · Last updated 17 June 2026 · Product ID a89c13433bc142f9a6c659dcc1961abd · View on CDR.gov.au