Bankwest vs CommBank home loans September 2026

Ratesniffers rates checked 27 August 2026. On the exact owner-occupier principal-and-interest row at 80% LVR, Bankwest is sharper on comparison rate by 11 basis points: 6.49% p.a. (6.63% comparison rate) against 6.49% p.a. (6.74% comparison rate) for CommBank. Interest rate and comparison rate come from the same product row.

Rates checked 27 August 2026 · checked daily against each lender's current published pricing · machine-readable at /rates.json

Bankwest vs CommBank at a glance

Bankwest and CommBank on the standard owner-occupier principal-and-interest scenario at 80% LVR, from the matrix snapshot dated 27 August 2026. Fee, feature and policy rows carry their own verification date on each lender page.
Feature	Bankwest	CommBank
Compared product	Complete Variable Home Loan Package	Simple Home Loan (Owner Occupied)
Variable rate and comparison rate	6.49% p.a. (6.63% comparison rate)	6.49% p.a. (6.74% 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	48	77
Approved cashback register	Unavailable	Unavailable

Promoted rate comparisons require exact owner-occupier principal-and-interest rows at 80% LVR from the snapshot dated 27 August 2026, on both sides. “Unavailable” means a two-sided comparison cannot be substantiated, not that a lender has no product or no such feature.

*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.

Is Bankwest or CommBank cheaper?

As at 27 August 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. (6.63% comparison rate) against 6.49% p.a. (6.74% comparison rate). On a $500,000 loan over 30 years the headline gap is about $0 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?

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Bankwest vs CommBank: frequently asked questions

Who has the lower home loan rate, Bankwest or CommBank?

At 80% LVR as at 27 August 2026, Bankwest is sharper on comparison rate by 11 basis points, at 6.49% p.a. (6.63% comparison rate) against 6.49% p.a. (6.74% comparison rate).

What's the difference between Bankwest and CommBank home loans?

Beyond the rate, compare offset coverage, redraw rules, package fees, published LVR scope and deposit-scheme participation. The table above carries each of those where the fact has been verified against the lender's own documents, and reads "Unavailable" where it has not.

Does Bankwest or CommBank charge a package fee?

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 already folds ongoing fees into the figure, so weigh the annual fee against the headline rate rather than reading either on its own.

Can first home buyers use the 5% Deposit Scheme with Bankwest or CommBank?

Bankwest was not on the scheme's participating lender list when it was checked. CommBank is listed as a participating lender for the Australian Government 5% Deposit Scheme. The scheme's eligibility rules and property price caps apply regardless, and the current participating lender list is the primary check.

Do Bankwest and CommBank both offer an offset account?

Bankwest: 100% offset on the variable products, capped at 40% of the balance on a fixed rate loan. CommBank has an offset account on at least one tracked product. Offset rules differ by product, so check the offset terms on the specific loan rather than at the brand level.

Is it worth switching from Bankwest to CommBank?

It depends on the balance, the switching costs and the rate approved on the file. The exact 80% LVR comparison rates dated 27 August 2026 differ by 11 basis points. Weigh that against exit and establishment costs before deciding.

How often are Bankwest and CommBank rates updated?

Promoted rate comparisons on this page use exact owner-occupier principal-and-interest rows at 80% LVR from the snapshot dated 27 August 2026, checked daily against each lender's current published pricing. Fee, feature and policy rows carry their own verification date and do not drive a rate winner.