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which home loans are receiving the .25% interest rate cut??

Posted by Snowy Snowy
Message 1 of 2 503 Views

I've been with Bankwest for 7 or 8 years, my current loan is virtually paid out, < $4000.

My current loan is at 4.19% which is OK for the size of the balance of this loan as of now.

My partner and I are interested in doing an extension to our existing home, (which is the property mortgaged), and I am investigating who to go to to push this loan out to say $170,000.

A considerable number of home loan offerers have interest rates down around the 3.5% mark.

What is Bankwest going to offer me to stay with them. 

My partner owns a property valued at $500,000 outright, the current property is valued at around the $580,000 to $600,000 mark.


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Re: which home loans are receiving the .25% interest rate cut??

Posted by MegB MegB
Message 2 of 2 400 Views

Hey @Snowy all of our variable home loans will receive both the 0.25%p.a June reduction and 0.19%p.a July reduction. These will be applied from the 25th June and 23rd July respectively. 


In regards to borrowing additional funds, the best people to speak with regarding this will be our Home Loan Lenders. They can be contacted on 13 17 19 between: Monday to Friday 7am-6pm (AWST) - Saturday 8am-4pm (AWST).

If you prefer to speak with someone in person, you're welcome to pop into a branch. You can find your closest branch and their opening hours from the link below;!/

I'd recommend making an appointment just to make sure we have someone available to chat.

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