Bankwest Mortgage Shredder

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Headline interest rate p.a.
Comparison rate p.a.
Annual fee

Moneybuddy says

The BankWest Mortgage Shredder Home Loan is ideal for borrowers with small deposits!

The Basics

Max LVR 95.00%

Interest type Variable rate

Headline interest rate p.a. 5.89%

Comparison rate p.a. 6.11%

Annual fee $180

The cool stuff: features

Draw down loan progressively -

Insurance details -

Loan is Transferable -

Line of credit available No

Product suits Owner - Occupier

The Facts & Figures

Introductory rate p.a. -

Introductory term -

Interest rate (p.a.) 1 year 5.89%

Interest rate (p.a.) 2 years 5.89%

Interest rate (p.a.) 3 years 5.89%

Interest rate (p.a.) 4 years 5.89%

Interest rate (p.a.) 5 years 5.89%

Interest rate (p.a.) 7 years 5.89%

Interest rate (p.a.) 10 years 5.89%

Interest rate (p.a.) 15 years 5.89%

Comparison rate (p.a.) 1 year 6.61%

Comparison rate (p.a.) 2 years 6.99%

Comparison rate (p.a.) 3 years 6.99%

Comparison rate (p.a.) 4 years 6.99%

Comparison rate (p.a.) 5 years 6.99%

Comparison rate (p.a.) 7 years 6.99%

Comparison rate (p.a.) 10 years 6.99%

Comparison rate (p.a.) 15 years 6.99%

Minimum loan term -

Maximum loan term -

Min loan amount -

Max loan amount -

Early repayments Yes

Redraw facility -

Repayment holiday No

Ability to split loan -

Extra repayments Yes

Offset account available Yes

Interest only payments -

The ugly stuff: fees

Application fee $700

Valuation fee -

Subsequent valuation fee -

Valuation fee details -

Discharge fee -

Discharge fee details -

Legal fee -

Settlement fee -

Redraw fee -

Comparison Rate Disclaimer -

All product information comes from the product provider or an affiliate and to the best of our knowledge is correct at time of publishing. MoneyBuddy endeavours to keep product information up to date however we cannot be responsible for changes made to this information by product providers and/or inaccurate information obtained from a product provider. We recommend that you check the accuracy of all information provided on this website with the product provider. MoneyBuddy earns a referral fee from redirecting website users to a product provider's website. Further details are provided in relation to specific product information. Website users have no obligation to apply for a product or service that they may be referred to by this website.

Warning: These comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Bankwest says

Don’t have a big deposit? Don’t worry. With a Mortgage Shredder Home Loan you can borrow up to 95% of the value of your new home.

Key features

  • Variable rate home loan with a discounted introductory interest rate
  • 6.84% comparison rate
  • $700 application fee
  • $180 annual fee
  • Additional repayments permitted
  • Minimum deposit of 5%


  • No monthly fees
  • 100% offset facility available with optional Mortgage Shredder Offset account
  • Make extra repayments without any penalty
  • Borrow up to 95% of your property's value
  • Comes with an optional 100% offset facility so your savings reduce your interest
  • No penalty for early repayments
  • Availability of a construction loan


  • $700 application fee
Interested in this home loan?

We can pass your details on directly to a home loan expert from the bank, who will contact you within 24 hours to discuss your situation.


Approx Loan Amount


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We've partnered with Tomorrow Finance for home loan data, advice and details. You will be contacted within 24 hours by a home loan expert from the bank to discuss your situation. There is no obligation to complete the home loan. You are simply making an enquiry.

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