Home loan · Variable
Bankwest Simple Home Loan
6.52%comparison rate p.a. · 6.49% advertised
Variable · P&I · Owner-occupier · 70–80% LVR
48th of 93 variable owner-occupier P&I loans
Comparison rates are based on a secured loan of $150,000 over 25 years. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
- Offset account
- Yes
- Redraw
- Yes
- Extra repayments
- Yes
- Application fee
- $695
- Ongoing fee
- None
- Discharge fee
- $300
Often compared with: Bankwest Complete
- Variable · P&I · Owner-occupier · ≤60% LVR
- 6.47% comparison · 6.44% advertised
- Variable · P&I · Owner-occupier · 60–70% LVR
- 6.52% comparison · 6.49% advertised
- Variable · P&I · Owner-occupier · 70–80% LVR
- 6.52% comparison · 6.49% advertised
- Variable · P&I · Owner-occupier · 80–90% LVR
- 6.77% comparison · 6.74% advertised
- Variable · P&I · Owner-occupier · 90–95% LVR
- 7.17% comparison · 7.14% advertised
- Variable · P&I · Owner-occupier · 95–98% LVR
- 8.65% comparison · 8.62% advertised
- Variable · Interest Only · Owner-occupier · ≤80% LVR
- 7.62% comparison · 7.59% advertised
- Variable · P&I · Investor · ≤60% LVR
- 6.72% comparison · 6.69% advertised
- Variable · P&I · Investor · 60–70% LVR
- 6.77% comparison · 6.74% advertised
- Variable · P&I · Investor · 70–80% LVR
- 6.77% comparison · 6.74% advertised
- Variable · P&I · Investor · 80–90% LVR
- 7.07% comparison · 7.04% advertised
- Variable · P&I · Investor · 90–95% LVR
- 7.77% comparison · 7.74% advertised
- Variable · Interest Only · Investor · ≤90% LVR
- 8.30% comparison · 8.27% advertised
- Application fee
- $695
- Ongoing fee
- None
- Discharge fee
- $300
- Redraw fee
- None
- Offset account
- Yes
- Redraw
- Yes
- Extra repayments
- Yes
- Portable
- No
- Repayment holiday
- No
- Minimum loan
- $20,000
- Bankwest Simple Home Loan · Variable · P&I · Owner-occupier
- RBA cash rate
- Market average
October 20261 change
- 10Sat
- 13 variants up 0.2510 days after the RBA rise to 4.60%+0.25All Variable
P&I · Owner-occupier · ≤60% LVR 6.22 6.47 +0.25 P&I · Owner-occupier · 60–70% LVR 6.27 6.52 +0.25 P&I · Owner-occupier · 70–80% LVR 6.27 6.52 +0.25 P&I · Owner-occupier · 80–90% LVR 6.52 6.77 +0.25 P&I · Owner-occupier · 90–95% LVR 6.92 7.17 +0.25 P&I · Owner-occupier · 95–98% LVR 8.40 8.65 +0.25 Interest Only · Owner-occupier · ≤80% LVR 7.37 7.62 +0.25 P&I · Investor · ≤60% LVR 6.47 6.72 +0.25 P&I · Investor · 60–70% LVR 6.52 6.77 +0.25 P&I · Investor · 70–80% LVR 6.52 6.77 +0.25 P&I · Investor · 80–90% LVR 6.82 7.07 +0.25 P&I · Investor · 90–95% LVR 7.52 7.77 +0.25 Interest Only · Investor · ≤90% LVR 8.05 8.30 +0.25
A simple, flexible variable loan designed to save you fees.
Also from Bankwest: Complete Variable Home Loan Package 6.88% · Complete Fixed Home Loan Package 7.51% · Fixed Rate Home Loan 8.34%
As of 1 November 2026, the Bankwest Simple Home Loan's variable owner-occupier P&I variant has a comparison rate of 6.52% (6.49% advertised), ranking 48th of 93 variable owner-occupier P&I loans and sitting 0.06 points below the market average of 6.58%. The product comes in 13 variants; the others are investor, interest-only and other LVR bands. Its rate last moved on 10 October 2026, 10 days after the RBA rise to 4.60%. From the provider's Consumer Data Right feed, refreshed nightly.