Complete Variable Home Loan Package

General Lending Rates

Product Variations

• Lending Rate Type: Variable
• Interest Rate: 5.49%, Comparison Rate 5.89%
• Repayment Type: Principal And Interest
• Loan Purpose: Owner Occupied

• Lending Rate Type: Variable
• Interest Rate: 5.49%, Comparison Rate 5.89%
• Repayment Type: Principal And Interest
• Loan Purpose: Owner Occupied

• Lending Rate Type: Variable
• Interest Rate: 5.69%, Comparison Rate 6.09%
• Repayment Type: Principal And Interest
• Loan Purpose: Investment

• Lending Rate Type: Variable
• Interest Rate: 5.74%, Comparison Rate 6.14%
• Repayment Type: Principal And Interest
• Loan Purpose: Investment

• Lending Rate Type: Variable
• Interest Rate: 5.74%, Comparison Rate 6.14%
• Repayment Type: Principal And Interest
• Loan Purpose: Investment

• Lending Rate Type: Variable
• Interest Rate: 5.79%, Comparison Rate 6.19%
• Repayment Type: Principal And Interest
• Loan Purpose: Owner Occupied

• Lending Rate Type: Variable
• Interest Rate: 6.14%, Comparison Rate 6.53%
• Repayment Type: Principal And Interest
• Loan Purpose: Investment

• Lending Rate Type: Variable
• Interest Rate: 6.39%, Comparison Rate 6.78%
• Repayment Type: Principal And Interest
• Loan Purpose: Owner Occupied

• Lending Rate Type: Variable
• Interest Rate: 6.59%, Comparison Rate 6.95%
• Repayment Type: Interest Only
• Loan Purpose: Owner Occupied

• Lending Rate Type: Variable
• Interest Rate: 7.14%, Comparison Rate 7.52%
• Repayment Type: Principal And Interest
• Loan Purpose: Investment

• Lending Rate Type: Variable
• Interest Rate: 7.27%, Comparison Rate 7.62%
• Repayment Type: Interest Only
• Loan Purpose: Investment

• Lending Rate Type: Variable
• Interest Rate: 8.02%, Comparison Rate 8.39%
• Repayment Type: Principal And Interest
• Loan Purpose: Owner Occupied

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: No valuation fees are payable for customers with a Complete Home Loan Package.

• 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.

• Other Additional Information: If you take out a Bankwest Complete Home Loan for investment purposes, you will be contacted by DEPPRO Pty Ltd. Bankwest does not endorse or approve the depreciation schedule prepared by DEPPRO Pty Ltd.

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

• Extra Repayments Additional Information: You can make unlimited extra repayments with our variable rate home loans.

• Other Additional Information: The Complete Home Loan Package includes a Complete Variable Home Loan, plus the flexibility to add on features to help you manage your mortgage and money your way. You can choose to add offset accounts and/or an eligible credit card.

• 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: 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.

• 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), personal needs, off the plan purchases and building/construction purposes.

• 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 Complete Fixed and Complete Variable Home Loan Packages 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 up to 9 offset accounts to your Complete Variable Home Loan. The money in each offset account reduces the balance on which the interest is charged on your home loan. Other fees and charges may apply.

• Redraw Additional Information: Access your surplus balance when you need, available via online banking.

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

• Other Additional Information: Choose an optional eligible credit card in the Classic or Platinum or World tier - and pay no annual credit card fee. Other fees and charges may apply.

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: 0.00. Additional Information: No application fee applies for any home loans under the Complete Package.

• 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 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. This fee does not apply for construction loans on the Complete Home Loan Package and is waived under the Complete Package benefits.

• 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.

• Complete Home Loan Package Fee (Periodic), Amount: 395.00. Additional Information: Fee is payable annually in advance and covers all Complete Home Loans held under the Package.

• 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.

• Progress Payment Fee (Event), Amount: 80.00. Additional Information: Payable on each occasion the Bank makes a progress payment.

• 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.

• 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 Complete Variable Home Loan Package 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 Complete Variable Home Loan Package 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 Complete Variable Home Loan Package cannot exceed 80%. This is applicable to Owner occupiers loans with an Interest Only repayment type.

• Max Lvr of 0.90 Additional Information: The total LVR of the existing and/or new Complete Variable Home Loan Package cannot exceed 90%. 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 200000.00 Additional Information: Minimum individual loan size is $20,000 however minimum aggregate borrowings required to qualify for the Complete Package is $200,000.

Document Downloads