Bankwest Home Loan Rates
Bankwest is a wholly-owned subsidiary of Commonwealth Bank, headquartered in Perth. Historically branch-heavy in WA, the brand transitioned to digital-only in 2024-25, retaining strong home-loan brand recognition through Complete Variable, Simple Home Loan and the Premium Select Package. Pricing is often a step sharper than parent CommBank's.
What are Bankwest home loan rates?
Bankwest home loan rates are in the live table on this page, ranked by comparison rate, with the lowest variable rate currently 6.19% p.a. and the lowest fixed rate currently 6.89% p.a., checked daily (last verified 11 Sept 2026). Compare Bankwest against the wider market on home loan rates, check the comparison rate used to rank the table, or model extra payments with the extra repayments calculator.
What is the lowest Bankwest home loan rate?
The lowest Bankwest variable home loan rate Ratesniffers tracks is 6.19% p.a., and the lowest fixed rate is 6.89% p.a. These figures come from the 60 Bankwest products on this page that pass data-quality checks, ranked by comparison rate, checked daily (last verified 11 Sept 2026).
How many home loan products does Bankwest offer?
Ratesniffers currently tracks 262 Bankwest home loan products across variable, fixed and interest-only options for owner-occupiers and investors, and ranks the 60 that pass our data-quality checks on this page. Every rate is ranked by comparison rate, the ASIC-mandated figure that folds in most fees, so the genuinely cheapest products sit at the top.
Bankwest home loan rates at a glance
| Product type | Rate | Max LVR |
|---|---|---|
| Variable Owner-occupier P&I | 6.19% p.a. | 60% |
| Variable Owner-occupier P&I | 6.24% p.a. | 70% |
| Variable Owner-occupier P&I | 6.24% p.a. | 80% |
| Variable Investor P&I | 6.44% p.a. | 60% |
| Variable Investor P&I | 6.49% p.a. | 70% |
| Variable Investor P&I | 6.49% p.a. | 80% |
| Variable Owner-occupier P&I | 6.49% p.a. | 90% |
| Variable Investor interest-only | 6.69% p.a. | 60% |
| Variable Investor interest-only | 6.69% p.a. | 70% |
| Variable Investor interest-only | 6.69% p.a. | 80% |
| Variable Investor interest-only | 6.69% p.a. | 60% |
| Variable Investor interest-only | 6.69% p.a. | 70% |
60 of 262 tracked Bankwest home loan products
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years.
The information provided on this site is general in nature and does not take into account your objectives, financial situation or needs. Before acting on any information, consider whether it is appropriate for you and read the relevant Credit Guide and lender disclosures.
Bankwest home loan repayment calculator
Pre-filled with Bankwest's lowest advertised variable rate in the table above, 6.19% p.a. Change the loan amount, rate or term to model your own mortgage. Repayments are principal and interest estimates and exclude fees, so the comparison rate in the table is the better guide to total cost.
For a fuller model, use the repayment calculator, see how extra payments change the balance with the extra repayments calculator, or check what you can borrow with the borrowing power calculator.
Who is Bankwest?
Bankwest is a Perth-born bank owned by the Commonwealth Bank, and since 2024 it has operated as a digital-only bank: it closed its remaining branch network that year, converting some regional Western Australian branches to CBA, after 97% of its transactions had already gone digital.
Freed of branch costs, Bankwest now competes on price and digital service nationally while keeping its Western Australian identity. Its range splits neatly in two: a low-cost Simple Home Loan where offset accounts are paid for one at a time, and the Complete Home Loan Package where an annual fee buys the offsets and waives the per-event fees.
Who suits a Bankwest home loan?
Bankwest tends to suit borrowers comfortable with app and phone banking who want CBA-group backing at sharper-than-big-four pricing, and it remains a strong sentimental pick for Western Australians. Offset users with one account are usually better off on the Simple Home Loan; anyone wanting several offsets tends to land in the Complete package instead. If you need branch access, its parent CBA covers that; if not, compare Bankwest's comparison rate against the digital leaders in the table above.
Background facts checked 5 September 2026. Rates above refresh independently.
Bankwest home loan products explained
The line-up as published by Bankwest, checked 5 September 2026. Today's rate for each product is in the table above.
| Product | Who it is for | What to know |
|---|---|---|
| Complete Variable Home Loan, inside the Complete Home Loan Package | Borrowers who want several offset accounts and no per-event lending fees. | 100% offset with no monthly offset fee, up to nine offset accounts, redraw and an optional credit card, for a $395 annual package fee. Loan increase fee $0 and progress payment fee $0, against $295 and $80 respectively on the Simple Home Loan. |
| Simple Home Loan | Borrowers who want a low-cost variable loan and at most one offset account. | Variable rate with redraw and no application fee. A 100% offset account can be added at $10 a month per account, so the cost scales with the number of offsets. Loan increase fee $295 and progress payment fee $80 per payment. |
| Fixed Rate Home Loan | Owner-occupiers and investors who want repayment certainty. | Offset is capped at 40% of the balance rather than 100%, and redraw is not available during the fixed term. Offset carries no monthly fee while the loan is fixed or inside the Complete package, and $10 a month applies after the fixed term ends. It can be added to the Complete Home Loan Package. |
Bankwest fees, offset and limits at a glance
- Application or establishment fee
- Variable loans, Application fee $(695) waived. Fixed Rate loans, $295
- Discharge fee
- $338.20
- Settlement fee
- $0
- Additional valuation fee
- $226.36
- Rate lock fee
- Greater of 0.15% of the total amount (inc fees financed into the loan) or $450.
- Loan portability
- $350 Portability Fee + $300 Discharge Preparation Fee + $300 Settlement attendance fee
- Offset account
- 100% offset, Mortgage Shredder (inc Intro), 100% offset, Fixed Rates, 40% offset
- Minimum offset balance
- > $0
- Lenders mortgage insurer
- Arch
- Capitalising LMI
- LMI can be capitalised to max LVR
- Maximum total lending
- Max subject to serviceability
- Extra repayments on fixed
- Yes, up to $10k pa
- When the fixed rate is locked
- Rate set at settlement but can pay a fee to fix on application
Checked 4 Sept 2026. Lender fees and policy change without notice, so confirm the detail with the lender before you apply.
Bankwest home loan fees and policy
- The Complete Home Loan Package costs $395 a year. In exchange the offset accounts carry no monthly fee, up to nine of them, and the loan increase and progress payment fees drop to nil.
- On the Simple Home Loan an offset account costs $10 a month per account, so two offsets cost twice as much as one. On a Fixed Rate Home Loan offset is free during the fixed term and $10 a month afterwards.
- Offset on a Bankwest fixed rate loan is partial, capped at 40% of the balance, where the variable products offset 100%.
- Bankwest charges a $350 settlement fee and no application fee on these loans. Loan increase is $295 and progress payments $80 each on the Simple Home Loan, and nil on both inside the Complete package.
- Bankwest publishes its rate tiers from just above 60% up to 80% of property value, and lends up to 90% of property value including lenders mortgage insurance on investment lending. Insurance is payable where the deposit is under 20%.
- Bankwest closed its remaining branches in 2024 and now operates digital-only, converting some regional Western Australian branches to its parent Commonwealth Bank. It does not appear on the Australian Government 5% Deposit Scheme participating lender list as at 3 September 2026.
Sources checked 5 September 2026: www.bankwest.com.au, www.bankwest.com.au, www.bankwest.com.au, www.bankwest.com.au, www.bankwest.com.au, www.bankwest.com.au, Bankwest home loans, Bankwest offset account, Australian Government 5% Deposit Scheme participating lenders.