Fixed Rate Home Loan

General Lending Rates

Product Variations

Product Features

• Other Additional Information: 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.

• Other Additional Information: One standard valuation included. Any amount in excess of the standard fee is to be met by the customer.

• Other Additional Information: Make weekly or fortnightly repayments, instead of monthly

• Npp Enabled Additional Information: An account of this product type can be used to receive funds as a result of a BSB/Number based NPP payment.

• Digital Banking Additional Information: You can start banking with us anytime using the Bankwest App or Bankwest Online Banking.

• Extra Repayments Additional Information: Pay off your loan faster by making extra repayments up to $10,000 per year, during your fixed term at no charge.

• Guarantor Additional Information: 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.

• Other Additional Information: Track your application online in real time with our Home Loan Application Tracker.

• Other Additional Information: If you elect to cap the rate, pay the Fixed Rate Cap Fee and, in the capped rate period, the Loan or any part of it is advanced (or, as relevant, the variation to a fixed rate is effected by us), the rate that applies for the fixed interest rate period will be the lesser of the capped rate or the fixed rate at the date the Loan, or any part of it, is advanced (or, as relevant, the variation to a fixed rate effected by us).

• Other Additional Information: To reduce your limit, send a request in Bankmail via online banking or chat to your lender or broker.

• Other Additional Information: Up to 30 years with a fixed term of one to five years.

• Other Additional Information: 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) and personal needs.

• Other Additional Information: Sufficient security must be an acceptable residential mortgage

• Other Additional Information: 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.

• Other Additional Information: Our Fixed and Variable Home Loans let you split or switch between fixed and variable any time. Keep in mind that other fees and charges, such as break fees on a fixed rate loan, may apply.

• Notifications Additional Information: 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 Additional Information: Link an offset account to your Fixed Rate Home Loan. This can help you reduce the amount of interest that you pay over the life of your loan.

• Other Additional Information: Principal & Interest or Interest only options are available.

• Other Additional Information: At the end of the fixed rate period, you'll roll on to our Standard Variable Rate, minus the discount outlined in your loan contract.

Product Eligibility

• Min Age - 18. Additional Information: Customers must be an individual 18 years or older.

• Residency Status - Australian Citizen Or Australian Permanent Resident. Additional Information: Be an Australian citizen or Australian permanent resident. (Limited exceptions may apply subject to conditions.)

• Natural Person - Individuals.

• Other Additional Information: 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.

• Other - Australia . Additional Information: Security of the home loan is located in Australia.

Bank Fees and Charges

• Application Fee (Upfront), Amount: 295.00. Additional Information: Includes legal fees for standard mortgage preparation and one standard valuation fee. Any amount in excess of the standard fees are to be met by the customer.

• Loan Maintenance Fee (Periodic), Amount: 12.00. Additional Information: Payable monthly in arrears on the monthly repayment due date during the fixed interest rate period.

• Bank Cheque Fee (Transaction), Amount: 10.00. Additional Information: Payable per cheque required for settlement purposes and each time you request a bank cheque.

• Arrears Notice Fee (Event), Amount: 35.00. Additional Information: Cost is per notice and payable upon notification that your account is in arrears, during the period the loan is in default.

• Legal Fees (Variable), Amount: Not Listed.. Additional Information: Payable where Bankwest requires external legal services as part of the application.

• Mortgage Registration Fee (Variable), Amount: Not Listed.. Additional Information: These are payable to Bankwest in reimbursement of Land Titles Office fees. Charges vary depending on the State of lodgement.

• Discharge Of Pre-existing Mortgage Registration Fee (Variable), Amount: Not Listed.. Additional Information: These are payable to Bankwest in reimbursement of Land Titles Office fees. Charges vary depending on the State of lodgement.

• Transfer Of Land Registration Fee (Variable), Amount: Not Listed.. Additional Information: These are payable to Bankwest in reimbursement of Land Titles Office fees. Charges vary depending on the State of lodgement.

• Third Party Fees (including Legal Fees) Associated With The Discharge (Exit), Amount: Not Listed.. Additional Information: These are payable to Bankwest in reimbursement of any third party fees associated with a discharge.

• Discharge Of Mortgage Registration Fee (Variable), Amount: Not Listed.. Additional Information: These are payable to Bankwest in reimbursement of Land Titles Office fees. Charges may vary depending on the State of lodgement.

• Security Assessment Fee (Event), Amount: Not Listed.. Additional Information: 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.

• Legal Disbursement Fee (Upfront), Amount: 350.00. Additional Information: Applies when a new mortgage is being taken. Applies whether the settlement is attended in person or digitally.

• Preparation Of Discharge Of Mortgage Fee (Exit), Amount: 300.00. Additional Information: Payable for the preparation of each discharge of mortgage document.

• Discharge Settlement Attendance Fee (Exit), Amount: 38.20. Additional Information: Payable per settlement and applies whether the settlement is attended in person or digitally.

• Title Production Fee (Event), Amount: 130.00. Additional Information: Cost is per title and payable when Bankwest is required to produce title documents.

• Search Handling Fee (Event), Amount: 40.00. Additional Information: Cost is per dealing and payable for completion of any search conducted by Bankwest.

• Home Loan Portability Fee (Upfront), Amount: 350.00. Additional Information: Fee is payable upon application to Bankwest to substitute an existing security with another security.

• Default Administration Fee (Periodic), Amount: 50.00. Additional Information: 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.

• Loan Increase Fee (Upfront), Amount: 295.00. Additional Information: Payable when you apply to increase the amount of credit or credit limit under an existing loan.

• Fixed Rate Break Cost (Exit), Amount: Not Listed.. Additional Information: If the loan, or any part, is paid prior to its due date during the fixed interest rate period and we suffer a loss as a result, the fixed rate break cost is payable on the date of the prepayment.

• Fixed Rate Break Administration Fee (Exit), Amount: 50.00. Additional Information: Payable if and on the date that, during the fixed interest rate period, the loan is repaid in full or terminated by Bankwest by reason of your default.

• Fixed Rate Capping Fee (Upfront), Amount: Not Listed.. Additional Information: The fixed rate capping fee is charged when customers elect to cap their fixed interest rate as a part of the application. The fee is either 0.15% of the actual amount of the loan or $450, whichever is greater.

• Lenders Mortgage Insurance (Variable), Amount: Not Listed.. Additional Information: 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.

 Limitations & Restrictions (Constraints)

• Max Lvr of 0.98 Additional Information: The total LVR of the existing and/or new Fixed Home Loan cannot exceed 98%. This is applicable to Owner occupiers loans with a Principal and Interest repayment type.

• Max Lvr of 0.95 Additional Information: The total LVR of the existing and/or new Fixed Home Loan cannot exceed 95%. This is applicable to Investment loans with a Principal and Interest repayment type.

• Max Lvr of 0.80 Additional Information: The total LVR of the existing and/or new Fixed Home Loan cannot exceed 80%. This is applicable to Owner occupiers loans with an Interest Only repayment type.

• Max Lvr of 0.95 Additional Information: The total LVR of the existing and/or new Fixed Home Loan cannot exceed 95%. This is applicable to Investment loans with an Interest Only repayment type.

• Min Lvr of 0.00 Additional Information: There is no minimum loan to value ratio (LVR) applied to this product.

• Min Limit of 20000.00 Additional Information: Minimum loan size $20,000.

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