Bankwest updates Bankwest Simple Home Loan (Investment Variable) to 6.89%
Bankwest has decreased the rate on its Bankwest Simple Home Loan (Investment Variable) home loan by 50 basis points to 6.89% p.a., from a previous rate of 7.39%.
Bankwest
Bankwest Simple Home Loan (Investment Variable)
New Rate
6.89%
Illustrative Example
For illustrative purposes, on a $600,000 loan over 30 years at 6.89%, the estimated monthly repayment would be approximately $3,948. That is approximately $203 less per month compared to the previous rate.
Market Context
This rate of 6.89% is above the current market average of 6.67% across 2360 tracked home loan products. The current market leader offers 10.07%.
Notes
Bankwest decreased home loan rate by 0.50% to 6.890000000000001%
⚠️ General information only
This comparison is for informational purposes only and does not constitute financial advice. Always verify current rates and eligibility directly with the provider before making decisions. Consider whether products are appropriate for your circumstances.