Bankwest Equity Access Bankwest Equity Access (Owner Occupied)

  • 5.33%
    p.a Standard Variable
  • 5.43%
    p.a Comparison**
  • $475
    Upfront fees
  • $325
    Annual fees
  • 90%
    Max Lvr
  • $2,141
    Per Month*

About Bankwest

Established in 1895 the Agricultural Bank of Western Australia by the WA Government, this financial institution was set to service the needs of the state’s farmers only. Now called BankWest, they have expanded to service customers nationwide, determined to get to know their clients, not just their banking, no matter where they’re located in Australia. BankWest have both business and home loan banking specialists who are dedicated to tailor make banking solutions and packages for each individual scenario. BankWest’s motto is to make banking easier and are driven by this value.

Standard Variable

Repayments calculated to take into account ongoing monthly and anual fees.

Monthly repayment*
rate per annum

Loan to Value Ratio

Borrow up to the maxium of 90% of the value of the property.

Lenders Mortgage Insurance, or LMI, will be payable on most loans where the borrowings are greater than 80% of the value of the property.

However, you may be able to capitalise LMI into your loan, increasing the overall loan amount by about 2% (in order to cover the cost of the insurance). Contact a loan market broker to find out how LVR and LMI might impact the cost of your loan repayments.

Capitalise LMI


For ["Line of Credit", "Equity", "Owner Occupied", "Vacant Land"], in ["NSW", "NT", "QLD", "SA", "WA", "VIC", "TAS", "ACT"].

1 - 99 years


The level of financial documentaion and credit history required to apply for the loan.

Full Doc
Credit History
Genuine Saving

Redraw Facility

Get quick access to cash by drawing on the loan to pay for renovations or other purchases.

Redraw Facility
Min Redraw
Redraw fee

Banking Features

Given the wide range of loans on offer – with different interest rates, product features and fees – it pays to shop around to find the loan that fits your needs and circumstances. Some loans offer features that may be appropriate for your situation and result in savings over the life of the loan.

Some features you may wish to consider include:

  • an offset account;
  • ability to make extra repayments;
  • a redraw facility; and
  • linked credit card and savings accounts;
  • ability to split your loan between fixed and variable interest rates
Offset Account
Redraw Available
Credit Card
Internet Banking
Telephone Banking
BPay Option
Portability of Loan
Professional Pack
Check Account
Direct Salary Credit
Free Transactions
Minimum Redraw
Redraw Fee


You can make your repaments Monthly.

Interest Only Option
Max Interest Only
30 years

Upfront Fees

Upfront fess associated with estabilishing the loan. Other loan set-up fees, such as valuation fees and lender's mortgage insurance, and Government charges, such as registration fees and stamp duty on property transfer, have not been included. These will be determined after application.


Ongoing Fees

Monthly and annual fees and charges during the loan period.

Ongoing Yearly

Exit Fees

Fees associated with prematurely ending the loan.

Early Repayment
Switch To Fixed


The Bankwest Equity Access is an ongoing source of instant, low cost finance which is secured against the equity in clients house. The facility is a revolving line of credit with the option of a MasterCard Debit. The loan has a fully fluctuating variable rate which can be used for personal purposes. The facility must not go in to credit at any time. Once established there is no need for future applications unless clients want to increase their credit limit. Bankwest Equity Access is available whenever borrowers want to use it for whatever purpose they choose. Many people find it a convenient form of finance for education costs, share market or property investment, or consolidating debts into one easy to manage line of credit. . Eligibility: - Personal name borrowers - Guarantors acceptable - Non Trading Companies (eg: Family Trusts etc). Conditions apply. Trading Companies not acceptable. Purpose: For the purchase or refinance of Owner Occupier or Investment residential property or for other personal investments. Non Trading Companies (eg: Family Trusts) where the purpose of the loan is for non trading purposes, eg: purchase or refinance residential property, personal investment (shares in the name of trust). Term: Subject to annual review. Interest is calculated daily by multiplying the Unpaid Balance of your loan account up to the Credit Limit by the interest rate and dividing the result by 365 (366 in a leap year). Interest is charged to the account at the end of each month. Features: The account offers the following optional features: - MasterCard Debit - Electronic access (ATM / EFTPOS) - Cheque Book - Periodical Payments - Direct Debit Facility - Direct credits to the account - Bankwest Online Banking - FastPhone - BPay Transactions through Australia Post and BankWest Customer Service Centres. Repayment Options: No Repayments Required. Extra Repayments: Surplus repayments permitted at any time. Interest Offset: N/A (100% offset achieved through fully fluctuating nature of the product).

LVR Notes

Maximum 90% for Owner Occupier inclusive of LMI. (Metro area only - may differ for country or regional areas). LMI to be taken for LVR in excess of 80%. Secured - Mortgage Lending’ for relevant SLM and lending policy: Max 90% LVR up to $750K . SLM’s for luxury residential properties will vary for each state. Please refer to lender guidelines. QBE restrictions apply.


Genuine savings are savings, gifts or deposits made into accounts from sales of shares which have been held in the applicants name or account for a minimum of 3 months. Equity also accepted in an existing property cross-collateralised or funds drawn or sale proceeds. Note: FHOG not considered as genuine savings

Fee Notes

App Fee includes legal fees for std mortg preparation and 1 std valuation. Addition to legal and val fee included in app fee, legal disbursements and additional Val Fee not ascertainable, varies according to transaction and solicitors used. Quoted legal fee will vary depending which solicitors used. 50 free transactions pm. (Transactions include all customer initiated withdrawals.) For each withdrawal over the limit, $2.00 will be charged to the account

*Monthly Repayments

Monthly repayments are calculated to take into account the loan amount, repayment term and ongoing fees and charges over the life of the loan.

  • Variable rate loans show the monthly repayments at the current rate.
  • Fixed rate loans show the monthly repayment during the fixed period only.
  • Monthly repayment calculations are an approximate guide only. Speak to a LoanMarket Mortgage broker to understand the exact cost of a loan given your particular circumstances.

**Comparison Rates

A comparison rate is a tool to help consumers identify the true cost of a loan. It factors in the interest rate, loan amount, repayment term and ongoing fees and charges and displays this as a single percentage rate that can be used to compare various loans from different lenders.

Monthly Repayment and Comparison Rate* calculations do not include:

  • The use of account features such as early repayments and offset accounts which vary widely among loans and can reduce the cost of a loan significantly.
  • Cost savings such as fee waivers or special rate discounts.
  • Fees and charges associated with loan options or events that may or may not be used by the borrower, such as early repayment or redraw fees
  • Lenders Mortgage Insurance (LMI) which may be required to secure the loan and can increase the cost of the loan.
  • Government charges such as stamp duty or mortgage registration fees.
  • Fees and charges which aren’t available at the time the comparison rate is provided