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Bankwest

Fixed Rate Home Loan

Interest rate

3.99

% p.a

Fixed - 5 years

Comparison Rate*

4.53

% p.a

Maximum LVR
Less than 80%
Real Time Rating™

1.67

/ 5
Monthly Repayment

$1,582

based on $300,000 loan amount for 25 years at 3.99%

Interest rate

3.99

% p.a

Fixed - 5 years

Comparison Rate*

4.53

% p.a

Maximum LVR
Less than 80%
Real Time Rating™

1.67

/ 5
Monthly Repayment

$1,582

based on $300,000 loan amount for 25 years at 3.99%

Calculate your repayments for this loan

I'd like to borrow

$

Loan term

years

Your estimated repayment

$1,582

based on $300,000 loan amount for 25 years at 3.99%

Bankwest home loans are available through brokers who can help find the right loan and manage your application at no charge.

George Popadalis

5.5
10 Reviews

Get expert advice from a home loans specialist.

After years of working in the banking industry, George saw firsthand how customers were continuously being put on hold and not treated with respect. So he decided to take matters into his own hands by starting Fetch Loans! George never thought that one day he would find himself running a company whose sole focus is providing an all-around positive experience for their clients every time they need them. But when George realized just what was happening within the customer service sector’s disregard for its customers’ needs, something inside him shifted—and so did his career path. Now at Fetch Loans!, we’re committed to giving our invaluable clientele a stress free loan application process while treating each individual as if it were only us who mattered most throughout this entire journey together

Response time: in 31 minutes | Our brokers call during business hours between 9.00am to 6.00pm.

Bernard Desmond

5.0
156 Reviews

Get expert advice from a home loans specialist.

Bernard Desmond OPPORTUNITY BROKER They say there are two guarantees in life, but Bernard securing your mortgage is now unofficially the third. His confidence comes from 14 years of experience and an unequivocal desire to provide you with the most opportunity from your mortgage. But don’t just take our word for it; Bernard’s strike rate from application to approval is awarded as the best in the industry: Winner 2020 Best Customer Service of the year at the Australian Broking Awards, 2020 Best Customer Service of the year at the Better Business Awards, 2019 Residential Broker of the Year and 2018 Australian broker of the Year. Supportive yet honest, Bernard has your best interest at heart and a blank piece of paper in hand, ready to fill it with plans and possibilities. Bernard sees opportunity getting to understand you and your financial goals better than the rest. He’s personable and tenacious, giving you the ability to take your money further — like that ocean villa in Hawaii.

Response time: in an hour | Our brokers call during business hours between 9.00am to 6.00pm.

Quick home loan review

For Fixed Home Loan (Interest Only) 5 Years

These are the benefits of this home loan.

  • Split account option

These are the drawbacks of this home loan.

  • Limited extra repayments
  • No redraw facility
  • Higher than average interest rate
  • Loan reverts to higher rate after fixed period
  • Ongoing fee
  • Higher than average upfront fee
  • Discharge fee at end of loan
  • No repayment holidays

Home loan overview

For Fixed Home Loan (Interest Only) 5 Years

TMD

Details

Maximum LVR

Less than 80%

Total Repayments

Next LVR

Interest rate type

Fixed - 5 years

Borrowing range

Suitable for

Owner Occupiers

Loan term range

1 - 30 years

Principal & interest

Interest only

Applicable states

ACT, NSW, NT, QLD, SA, TAS, VIC, WA

Make repayments

Fortnightly, Monthly, Weekly

Features

Extra repayments

Yes - limited to $10000

Redraw facility

Split interest facility

Loan portable

Repayment holiday available

Allow guarantors

Available for first home buyers

Fees

Total estimated upfront fees

545

Application fee

295

Valuation fee

$0

Settlement fee

250

Other upfront fee

0

Ongoing fee

$12 monthly

Discharge fee

338

Application method

Online

Phone

In branch

Specials
  • Cashback $2000 Refinance Cashback
    If you’re eligible and you apply to move your home loan to us by 30 September 2021, you could get home loan comfy with $2,000 cashback. Min. refinance amount $250k. For borrowings up to 80% of the property value. Excludes refinances from Bankwest and CommBank. Eligibility requirements and T&Cs apply.

Target Market Determination

Visit Bankwest to view Target Market Determination.

Other Restrictions

At the end of the fixed term an offset fee of $10 per month will apply if an offset account is held

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Bankwest is available through brokers

FAQs

What is the minimum amount you can apply for?

The range you can borrow from this loan is $20k to $99,999,999.

What's the minimum deposit needed for this loan?

This loan option comes with a maximum loan-to-value ratio of 79.99 percent, which means it requires a minimum deposit of 20.01 percent

What's the maximum length for this loan?

Bankwest allows you to have this loan for a range of 1 to 30 years.

How often can you make repayments?

Bankwest allows you to make repayments to this loan option through one of the following repayment schedules: fortnightly, monthly, weekly.

How much will the upfront fees be for this loan?

While it could change based on your circumstances, RateCity estimates that this loan option comes with $545 worth of upfront fees.

Does this loan come with a redraw facility?

No, this loan doesn't come with a redraw facility.

Where can you apply for this loan?

Bankwest makes it possible to apply for this product online. Apply here.

Can a broker help me with this loan?

Yes, this Bankwest loan is available through a broker. Find a broker to help you with your needs.