Complete Variable Home Loan (Principal and Interest) (Special) ($200k-$500k, LVR < 80%)
- Last updated on 30 May 2020
based on $300,000 loan amount for 25 years
- 100% full offset account
- Extra repayments + redraw services
- Comes with a credit card
- Free redraw facility
- Annual fee charged
- Discharge fee at end of loan
- Repayments may increase if RBA raises rates
Interest rate structure
$200k - $500k
Principal & interest
Loan term range
1 - 30 years
100% offset account
Unlimited extra repayments
Redraw fee: $0
Allows split interest
ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Estimated upfront fees
Minimum SMSF Amount
Minimum redraw amount is $1,000 if not done online and attracts $10 fee for each redraw request.
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Bankwest was named Money magazine’s Bank of the Year in 2017, with its below average mortgage rates a contributing factor.
Bankwest was founded by the government of Western Australia in 1895. Originally known as the Agricultural Bank of Western Australia, it has changed hands and names several times since, becoming known as Bankwest in 1994.
Bankwest was bought by the Commonwealth Bank of Australia in 2008. Although its headquarters is in Perth, Bankwest has offices throughout Australia.