Bankwest lifted its variable home-loan rates by 0.25 percentage points from 9 October 2026, Ratesniffers records. Every lender's date is in the RBA rate pass-through tracker.
Tracked products
264
Variable product example
6.49%
A verified Bankwest product example is Complete Variable Home Loan (70% - 80% LVR) Owner Occupied P&I Special: 6.49% p.a. (6.85% comparison rate), variable, for an owner-occupier principal-and-interest loan at 80% LVR (listed LVR band 70% to 80%), as of 20 October 2026. This is a selected example, not every product or a personalised offer. 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.
Fixed product example
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Check the product rates and conditions in the table. A verified example for this loan scenario is unavailable.
Variable example comparison
6.85%
A verified Bankwest product example is Complete Variable Home Loan (70% - 80% LVR) Owner Occupied P&I Special: 6.49% p.a. (6.85% comparison rate), variable, for an owner-occupier principal-and-interest loan at 80% LVR (listed LVR band 70% to 80%), as of 20 October 2026. This is a selected example, not every product or a personalised offer. 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.
Last updated
1 November 2026
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?
Ratesniffers compares Bankwest home loan products by comparison rate. A verified Bankwest product example is Complete Variable Home Loan (70% - 80% LVR) Owner Occupied P&I Special: 6.49% p.a. (6.85% comparison rate), variable, for an owner-occupier principal-and-interest loan at 80% LVR (listed LVR band 70% to 80%), as of 20 October 2026. This is a selected example, not every product or a personalised offer. 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. 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?
A verified Bankwest product example is Complete Variable Home Loan (70% - 80% LVR) Owner Occupied P&I Special: 6.49% p.a. (6.85% comparison rate), variable, for an owner-occupier principal-and-interest loan at 80% LVR (listed LVR band 70% to 80%), as of 20 October 2026. This is a selected example, not every product or a personalised offer. 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. These selected examples do not establish the lowest rate across every product or borrower scenario.
How many home loan products does Bankwest offer?
Ratesniffers currently tracks 264 Bankwest home loan products across variable, fixed and interest-only options for owner-occupiers and investors, and ranks the 15 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.
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
BankwestComplete Fixed Home Loan 1 Year Owner Occupied >95% LVR P&I
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
*Important Information and Comparison Rate Warning
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.
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.
Rate set at settlement but can pay a fee to fix on application
Checked 8 Oct 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 25 September 2026.
Ratesniffers compares Bankwest home loan products by comparison rate. A verified Bankwest product example is Complete Variable Home Loan (70% - 80% LVR) Owner Occupied P&I Special: 6.49% p.a. (6.85% comparison rate), variable, for an owner-occupier principal-and-interest loan at 80% LVR (listed LVR band 70% to 80%), as of 20 October 2026. This is a selected example, not every product or a personalised offer. 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. Compare Bankwest at /home-loans. The /guides/comparison-rate explains the fee-inclusive figure used to rank the table. To model extra payments, use /calculators/extra-repayment.
What is the lowest Bankwest home loan rate?
A verified Bankwest product example is Complete Variable Home Loan (70% - 80% LVR) Owner Occupied P&I Special: 6.49% p.a. (6.85% comparison rate), variable, for an owner-occupier principal-and-interest loan at 80% LVR (listed LVR band 70% to 80%), as of 20 October 2026. This is a selected example, not every product or a personalised offer. 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. These selected examples do not establish the lowest rate across every product or borrower scenario.
What is the monthly repayment on a $600,000 Bankwest home loan?
For a hypothetical $600,000 principal-and-interest loan over 30 years, keeping this variable interest rate unchanged gives about $3,788 a month before fees. The selected source example is Complete Variable Home Loan (70% - 80% LVR) Owner Occupied P&I Special: 6.49% p.a. (6.85% comparison rate), variable, for an owner-occupier principal-and-interest loan at 80% LVR (listed LVR band 70% to 80%), as of 20 October 2026. Variable rates can change; this calculation does not establish eligibility or approval. 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. Use /calculators/repayment to model your own amount and term.
How much do you need to earn for a $500,000 Bankwest home loan?
There is no single salary requirement for a Bankwest home loan. The lender assesses income, expenses, debts and repayment capacity. APRA's residential mortgage framework generally requires governed authorised deposit-taking institutions to apply a minimum 3 percentage point buffer above the payable interest rate, ignoring temporary introductory discounts, with prudent limited policy exceptions. This does not establish Bankwest's actual assessment rate or approval criteria. Confirm the applicable lender policy and use /calculators/income-required for an illustrative estimate, not approval.
How does Bankwest's home loan rate compare to the market?
A verified Bankwest product example is Complete Variable Home Loan (70% - 80% LVR) Owner Occupied P&I Special: 6.49% p.a. (6.85% comparison rate), variable, for an owner-occupier principal-and-interest loan at 80% LVR (listed LVR band 70% to 80%), as of 20 October 2026. Across 30 covered listed lenders, the median advertised interest rate of one selected owner-occupier principal-and-interest variable example per lender at 80% LVR is 6.44% p.a., as of 20 October 2026. This describes those selected examples, not the whole market or rates approved for borrowers. 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.
How many home loan products does Bankwest offer?
Ratesniffers currently tracks 264 Bankwest home loan products across variable, fixed and interest-only options for owner-occupiers and investors, and ranks the 15 that pass our data-quality checks on this page. Every rate is checked daily against each lender's current published pricing and ranked by comparison rate, the ASIC-mandated figure that folds in most fees, so the genuinely cheapest loans sit at the top.
Is Bankwest competitive for refinancing?
Compare Bankwest's available product conditions and total costs with your existing loan. A listed rate does not establish refinance eligibility. Allow for discharge, establishment and any fixed-loan early repayment costs, and confirm applicable lender terms before switching. Compare the table with /home-loans/refinance.
How often are Bankwest's home loan rates updated?
Ratesniffers refreshes Bankwest's home loan rates daily; this page was last updated 1 November 2026. Rates can change whenever Bankwest reprices or the RBA moves the cash rate, so the figures shown reflect the most recent data we hold rather than a static snapshot.
How long does Bankwest take to approve a home loan?
Bankwest does not publish a fixed approval timeframe. Pre-approval is usually based on unverified information, conditional approval assesses and confirms your financial details, and unconditional (full) approval follows a detailed assessment plus a property valuation, which Bankwest says can take some time. You can track progress and receive email notifications at key milestones through its Home Loan Application Tracker.
Is Bankwest a 2nd tier lender?
Bankwest is a division of Commonwealth Bank of Australia, ABN 48 123 123 124, and its products are offered under Commonwealth Bank's AFSL and Australian credit licence 234945. Founded in 1895 as the Agricultural Bank of Western Australia, it joined the Commonwealth Bank Group in 2008 and is now becoming a digital bank, serving about one million customers.
What fees does Bankwest charge on a home loan?
The Bankwest Simple Home Loan currently has a $0 application fee (usually $695), a $350 settlement fee, no annual fee and a $295 loan increase fee. The Complete Variable Home Loan instead charges a $395 annual package fee with no application, valuation or loan increase fees. A full list of fees is set out in your loan contract.
What is the minimum deposit for a Bankwest home loan, and when is LMI payable?
Bankwest says a deposit is typically around 20% of the property price, with lower deposit options available by paying Lenders Mortgage Insurance or using a guarantor. LMI is an added cost you can avoid by saving 20% or more of the property value. Bankwest's fixed rate tables price owner occupier loans in tiers up to 98% LVR including LMI.
Does Bankwest lend to self-employed borrowers, and what income evidence does it accept?
Yes. Bankwest lends to sole traders, freelancers and business owners and asks for business and personal tax returns, a recent ATO notice of assessment, and bank and financial statements from the business, with alternatives possibly accepted. Applicants self-employed for under two years can apply, as 18 months of ABN registration is acceptable where the LVR is below 80%.
Does Bankwest offer construction loans or bridging loans?
Yes. A Bankwest construction loan is a variable rate home loan released in stages, with interest only repayments until the build is complete; progress payments cost $80 each on the Simple Home Loan and nothing on the Complete Variable. Bridging finance is only available on the Simple Home Loan if your existing home loan is with, or refinanced to, Bankwest.
What is the Bankwest Complete Variable Home Loan?
It is Bankwest's fuller-featured variable loan, sold inside the Complete Home Loan Package for a $395 annual fee. That fee covers 100% offset with no monthly offset fee across up to nine offset accounts, redraw, an optional credit card, and nil loan increase and progress payment fees. Borrowers using one offset often find the Simple Home Loan cheaper overall.
What are Bankwest offset account fees?
On the Simple Home Loan an offset account costs $10 a month, charged per account. Inside the Complete Home Loan Package there is no monthly offset fee, up to nine accounts, but the package itself costs $395 a year. On a Fixed Rate Home Loan offset is free during the fixed term and $10 a month once that term ends.
Does Bankwest offer fixed rate home loans?
Yes, for owner-occupiers and investors. Two things differ from its variable loans: offset is capped at 40% of the balance rather than 100%, and redraw is not available during the fixed term. The fixed loan can be added to the Complete Home Loan Package, which is where the monthly offset fee disappears after the fixed term.
What are Bankwest's home loan rates in November 2026?
Bankwest's current home loan rates are in the live table above, ranked by comparison rate. Ratesniffers does not freeze a number into this answer because Bankwest prices Simple, Complete and each fixed term separately, and tiers them by deposit size. The comparison rate is where the $395 package fee and the $350 settlement fee show up.
Does Bankwest still have branches?
No. Bankwest closed its remaining branch network in 2024 and now runs as a digital-only bank, having converted some regional Western Australian branches to its parent Commonwealth Bank. Applications and servicing happen through the app and by phone. Borrowers who want counter service can use CBA within the same group.
Is Bankwest a good home loan lender?
Bankwest is a Perth-born, digital-only bank owned by Commonwealth Bank, competing on price rather than branches since 2024. Whether it fits depends mostly on how many offset accounts you need and which side of the $395 package fee that lands you, so read the full write-up at /reviews/bankwest and compare the table above.
