Bankwest vs CommBank home loans November 2026
Ratesniffers rates checked 9 November 2026. On the exact owner-occupier principal-and-interest row at 80% LVR, Bankwest is sharper on comparison rate by 2 basis points: 6.49% p.a. (6.85% comparison rate) against 6.74% p.a. (6.87% comparison rate) for CommBank. Interest rate and comparison rate come from the same product row.
Rates checked 9 November 2026 · checked daily against each lender's current published pricing · machine-readable at /rates.json
Bankwest vs CommBank offset fees by number of accounts
Bankwest Simple charges $10 a month for each linked offset. CommBank Simple has a $10 monthly loan service fee and no extra offset fee for up to two accounts. Both Bankwest Complete Variable and CommBank Standard Variable with Wealth Package list a $395 annual package fee. Their eligible variable loans allow up to nine and 99 linked offsets respectively. These are recurring fees, excluding interest and one-off costs.
Four linked offsets are the point at which Bankwest Simple costs more in recurring fees than Bankwest Complete Variable. Three cost $360 a year on Simple and four cost $480, against the $395 package fee. To compare written quotes, add interest, establishment costs and any other fees listed for your loan.
| Variable home loan | Offset limit | 1 offset | 2 offsets | 3 offsets | 4 offsets | 10 offsets |
|---|---|---|---|---|---|---|
| Bankwest Simple | 9 | $120 | $240 | $360 | $480 | Over limit |
| Bankwest Complete Variable package | 9 | $395 | $395 | $395 | $395 | Over limit |
| CommBank Digi | 1 | $0 | Over limit | Over limit | Over limit | Over limit |
| CommBank Simple | 2 | $120 | $120 | Over limit | Over limit | Over limit |
| CommBank Standard Variable with Wealth Package | 99 | $395 | $395 | $395 | $395 | $395 |
Checked 11 November 2026 for the named variable products. Figures assume one eligible loan, the same linked accounts for 12 months and the stated package where shown. A $0 figure means no fee in these recurring categories. Interest, establishment, switching and other costs can still apply. See the Bankwest offset terms, CommBank offset limits and the CommBank October 2026 fee schedule.
Bankwest vs CommBank at a glance
| Feature | Bankwest | CommBank |
|---|---|---|
| Compared product | Complete Variable Home Loan (70% - 80% LVR) Owner Occupied P&I Special | Simple Home Loan 70% - 80% LVR Owner Occupied P&I |
| Variable rate and comparison rate | 6.49% p.a. (6.85% comparison rate) | 6.74% p.a. (6.87% comparison rate) |
| 3-year fixed rate and comparison rate | Unavailable | Unavailable |
| Scope of the compared rate | Owner-occupier, principal and interest, 80% LVR | Owner-occupier, principal and interest, 80% LVR |
| Published LVR scope | Rate tiers are published from just above 60% up to 80% of property value | Insurance or CommBank's own Low Deposit Premium applies where the deposit is under 20% |
| Offset | 100% offset on the variable products, capped at 40% of the balance on a fixed rate loan | Available on at least one tracked product |
| Redraw | Available on at least one tracked product | Available on at least one tracked product |
| Package fee | $395 a year for the Complete Home Loan Package | $395 a year for the Wealth Package, paid in advance |
| First home buyer scheme | Not on the participating lender list when checked | Listed as a participating lender, 5% Deposit Scheme |
| Products tracked | 80 | 80 |
| Approved cashback register | Unavailable | Unavailable |
Promoted rate comparisons require exact owner-occupier principal-and-interest rows at 80% LVR from the snapshot dated 9 November 2026, on both sides. “Unavailable” means a two-sided comparison cannot be substantiated, not that a lender has no product or no such feature.
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.
Is Bankwest or CommBank cheaper?
As at 9 November 2026, Bankwest is the cheaper of these two products on comparison rate at 80% LVR for owner-occupier principal and interest: 6.49% p.a. (6.85% comparison rate) against 6.74% p.a. (6.87% comparison rate). On a $500,000 loan over 30 years the headline gap is about $83 a month before fees. Approved pricing still varies by file.
Bankwest versus CommBank on fees
Fees as at 3 September 2026. Bankwest lists $395 a year for the Complete Home Loan Package. CommBank lists $395 a year for the Wealth Package, paid in advance. The comparison rate folds ongoing fees into the figure, so a sharper headline rate paired with a higher annual fee can finish behind a plainer loan.
Bankwest versus CommBank for refinancing
Refinancing as at 3 September 2026. Bankwest: branches closed in 2024, so an application runs through app and phone banking. CommBank: the online discount on the Standard Variable Rate and Simple Home Loan needs a $150,000 balance. A refinance turns on the comparison rate, the exit and establishment costs on both sides and the LVR the new valuation lands you at.
Bankwest versus CommBank for first home buyers
First home buyers, as at 3 September 2026. On the Australian Government 5% Deposit Scheme participating lender list, Bankwest was not listed when checked and CommBank is listed. Eligibility rules and property price caps apply either way, and a lender that is not listed can still lend at a low deposit with lenders mortgage insurance payable.
Which suits an investor?
For an investor, as at 3 September 2026. Bankwest: lends up to 90% of property value including lenders mortgage insurance on investment lending. No verified investor record is published for CommBank yet, so only one side is described here. Investor pricing, interest-only terms and LVR ceilings sit apart from the owner-occupier row this page compares.
Who should choose Bankwest
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. The comparison table above is the price check, and this section is the fit check. Features, service model and eligibility all move the outcome on a real file.
Who should choose CommBank
CommBank tends to suit borrowers who want maximum branch and service coverage, the full product menu, and the convenience of Australia's biggest banking platform. The comparison table above is the price check, and this section is the fit check. Features, service model and eligibility all move the outcome on a real file. Compare the two on the way you actually use a loan, not only on the advertised figure.
Head-to-heads that share a lender with this one: CommBank vs Westpac, CommBank vs NAB, CommBank vs ANZ. Full product detail sits on the Bankwest and CommBank lender pages, with the candid write-ups on the Bankwest review and the CommBank review.
Not sure which one fits your scenario?
Advertised rates aren’t always the rate a lender approves. Get the sharper of the two negotiated against your specific numbers, at no cost.