Bankwest Complete Fixed Home Loan Package
Fixed rateOffset
The Complete Fixed Home Loan Package includes a fixed home loan, up to 9 offset accounts, a credit card and other good stuff - including our great rates.
- Interest rate a year, from
- 6.69%
- Comparison rate
- 7.56%
- Upfront fees
- $350
- Annual fee
- $395
- Monthly fee
- Not published
Monthly repayment
$600,000 over 30 years
What it would cost
At the lowest rate of 6.69% (1 year fixed, live in, principal and interest). The rate you are offered depends on your deposit and the loan you choose, and upfront fees are not included.
- Monthly repayment
- $3,868
- Total repayments
- $1,392,368
- Interest
- $792,368
Rates
Every rate Bankwest publishes for this loan. LVR is the loan as a share of the property's value: 80% for a 20% deposit.
| Rate | Property | Repayments | LVR | Interest rate | Comparison rate |
|---|---|---|---|---|---|
| 1 year fixed | Live in | Principal and interest | Up to 80% | 6.69% | 7.56% |
| 1 year fixed | Live in | Principal and interest | 80% to 90% | 7.09% | 7.60% |
| 1 year fixed | Live in | Principal and interest | 90% to 95% | 7.49% | 7.56% |
| 1 year fixed | Live in | Principal and interest | 95% to 98% | 8.29% | 8.95% |
| 1 year fixed | Live in | Interest only | Up to 80% | 7.19% | 7.61% |
| 1 year fixed | Investment | Principal and interest | Up to 90% | 6.89% | 8.37% |
| 1 year fixed | Investment | Principal and interest | 90% to 95% | 7.99% | 8.14% |
| 1 year fixed | Investment | Interest only | Up to 90% | 7.09% | 8.39% |
| 2 year fixed | Live in | Principal and interest | Up to 80% | 6.79% | 7.53% |
| 2 year fixed | Live in | Principal and interest | 80% to 90% | 7.19% | 7.61% |
| 2 year fixed | Live in | Principal and interest | 90% to 95% | 7.59% | 7.62% |
| 2 year fixed | Live in | Principal and interest | 95% to 98% | 8.39% | 8.94% |
| 2 year fixed | Live in | Interest only | Up to 80% | 7.29% | 7.62% |
| 2 year fixed | Investment | Principal and interest | Up to 90% | 6.99% | 8.27% |
| 2 year fixed | Investment | Principal and interest | 90% to 95% | 8.09% | 8.19% |
| 2 year fixed | Investment | Interest only | Up to 90% | 7.19% | 8.30% |
| 3 year fixed | Live in | Principal and interest | Up to 80% | 6.89% | 7.52% |
| 3 year fixed | Live in | Principal and interest | 80% to 90% | 7.29% | 7.64% |
| 3 year fixed | Live in | Principal and interest | 90% to 95% | 7.69% | 7.69% |
| 3 year fixed | Live in | Principal and interest | 95% to 98% | 8.49% | 8.95% |
| 3 year fixed | Live in | Interest only | Up to 80% | 7.39% | 7.65% |
| 3 year fixed | Investment | Principal and interest | Up to 90% | 7.09% | 8.19% |
| 3 year fixed | Investment | Principal and interest | 90% to 95% | 8.19% | 8.25% |
| 3 year fixed | Investment | Interest only | Up to 90% | 7.29% | 8.24% |
| 4 year fixed | Live in | Principal and interest | Up to 80% | 6.94% | 7.51% |
| 4 year fixed | Live in | Principal and interest | 80% to 90% | 7.34% | 7.66% |
| 4 year fixed | Live in | Principal and interest | 90% to 95% | 7.74% | 7.75% |
| 4 year fixed | Live in | Principal and interest | 95% to 98% | 8.54% | 8.96% |
| 4 year fixed | Live in | Interest only | Up to 80% | 7.44% | 7.68% |
| 4 year fixed | Investment | Principal and interest | Up to 90% | 7.14% | 8.13% |
| 4 year fixed | Investment | Principal and interest | 90% to 95% | 8.24% | 8.31% |
| 4 year fixed | Investment | Interest only | Up to 90% | 7.34% | 8.19% |
| 5 year fixed | Live in | Principal and interest | Up to 80% | 6.99% | 7.51% |
| 5 year fixed | Live in | Principal and interest | 80% to 90% | 7.39% | 7.69% |
| 5 year fixed | Live in | Principal and interest | 90% to 95% | 7.79% | 7.82% |
| 5 year fixed | Live in | Principal and interest | 95% to 98% | 8.59% | 8.97% |
| 5 year fixed | Live in | Interest only | Up to 80% | 7.49% | 7.71% |
| 5 year fixed | Investment | Principal and interest | Up to 90% | 7.19% | 8.07% |
| 5 year fixed | Investment | Principal and interest | 90% to 95% | 8.29% | 8.37% |
| 5 year fixed | Investment | Interest only | Up to 90% | 7.39% | 8.15% |
Comparison rates are for an example loan of $150,000 over 25 years. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
Fees and features
Fees
- Upfront fees
- $350
- Annual fee
- $395
- Monthly fee
- Not published
Features
- Offset account
- Yes
- Redraw
- No
- Highest LVR
- 98%
- Loan amount
- From $200,000
How it compares
Against the other home loans we compare, for a home you live in with a 20% deposit. Typical means the middle half of them.
Upfront fees
$350
Typical upfront fees are $600.
Annual fee
$395
A typical annual fee is $350.
Smallest deposit
2%
Most loans need at least 10% of the price.
Pros and cons
Pros
- A smaller deposit. You can borrow with 2% down, so you may buy sooner. Under 20%, lenders mortgage insurance usually applies.
- An offset account. Money in it is taken off your balance when interest is worked out, so your savings and pay cut the interest while staying easy to reach.
- Extra repayments. Paying more than the minimum pays the loan off sooner and cuts the interest you pay.
- Fixed rates on offer. You can fix for 1 to 5 years if you'd like repayments that don't change for a while.
- Interest only available. Some investors use it to keep repayments down for a few years, though the balance doesn't fall in that time.
Cons
- An early repayment fee. Paying the loan off early or refinancing can cost a fee, which cuts into what you save by repaying sooner.
- A $35 late payment fee. Setting up automatic repayments avoids it.