Bankwest Regular Saver Loan


The Bankwest Regular Saver Loan is a basic mortgage product that gives you the opportunity to save by offsetting interest, making additional repayments, avoiding bank fees and taking advantage of discounted insurance.

Bankwest gives you the option of borrowing up to 95 per cent of the property value for owner-occupier purchases, or 90 per cent if the property is an investment. Be aware that borrowing over 80 per cent of the property price may incur the additional charge of lenders mortgage insurance.

Repayments are flexible and can be made weekly, fortnightly or monthly. Plus, borrowers can make extra repayments on the Regular Saver Loan, and redraw without any charges via the free redraw facility.

The Bankwest Regular Saver Loan offers an optional 100 per cent offset account as an extra, which will come at an additional cost by way of a monthly fee.

Who is the Bankwest Regular Saver Loan good for?

The Bankwest Regular Saver Loan is available for first home buyers, owner-occupiers, investors and those looking to refinance. 

Review - What RateCity says

The Bankwest Regular Saver Loan is a variable-rate mortgage with no ongoing fees. It offers some basic features, including the ability to make additional repayments without penalty, and a free redraw facility to access those extra funds should you need them.

There is an optional offset account, for an additional monthly fee, available.

The interest rate charged on the Bankwest Regular Saver Loan is higher than average. However, the fees are competitive by market standards. For instance, the upfront fees charged are slightly below average and there is no ongoing fee charged, unless you opt for the additional offset account. A minor discharge fee also applies.

The Bankwest Regular Saver Loan is available for owner-occupier and investor borrowers, including first home buyers and those looking to refinance from another lender.

Bankwest Regular Saver Loan Options

For further information about the Bankwest Regular Saver Loan options, click the links below.

  • Free redraw facility.
  • No monthly or annual fees.
  • 100 per cent offset account.
  • High variable interest rate.
  • Upfront fees apply.
  • Discharge fees apply.

Must be able to provide proof of income.

Must be over 18 years of age.

Must meet the lender’s serviceability requirements.

About Bankwest

Bankwest offers a range of personal financial products including home loans, personal loans, credit cards, savings and everyday banking accounts and insurance products. It also offers business accounts and loans. Formerly known as the Bank of Western Australia, Bankwest is a division of The Commonwealth Bank.

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