Understanding Personal Loans

Call the Personal Lending Centre
on 132 651

There are times you'll want something before you have the money to buy it. If you choose to take out a personal loan, Westpac has different personal loans to suit your needs.

Whether you're looking for a variable or fixed interest rate, have assets as security or not, our product range will have something for you. And whatever you decide, you know our service is second to none.

Choose from

Variable Rate Personal Loans

Unsecured Flexi Loan (from $4,000 - $75,000)

Loan Term:
With Westpac Flexi Loan, you can either choose a repayment goal between 1 and 5 years and pay a set amount each month to help you reach it. Or pay what you can each month, providing you meet the minimum monthly amount.¹

Fixed Rate Personal Loans:

Unsecured Loan ($4,000 - $50,000)
Secured Loan ($4,000 - $100,000)
Secured Car Loan ($4,000 - $100,000)
Secured Boat Loan ($4,000 - $70,000).²

Loan Term:
Choose a loan term for Fixed Rate personal loans from one to seven years, to help you manage your repayments.

Managing your Fixed Rate personal loan repayments
There a number of convenient ways that can help you manage your Westpac Personal Loan repayments, some of which include:

Direct Debit, which is the easiest and most convenient way to make regular repayments to your Personal Loan. Simply download and complete a Direct Debit Request Form (PDF 504kb) and return to us
Periodical Payment
BPAY ® using Biller Code 85571 along with your customer reference number
Westpac Online (if you are registered)
At any Westpac Branch
Salary Disbursement.

Fast approval

We pride ourselves on keeping the application process simple, whichever loan type you choose. With our fixed interest rate products, once we have all your details, we can give you conditional approval over the phone (provided you meet our lending criteria) and a final decision the next business day.³

With our variable interest rate Flexi Loan, you will get a response within 60 seconds and funds could be available within an hour (conditions apply). ³

Fully flexible

It's your loan, so customise it to suit you. If you're looking for a fixed interest rate, you can choose a payment period from 1–7 years, based on how much you want to pay each month.

And with our variable interest rate Flexi Loan, you can choose between making minimum monthly repayments or nominating a repayment amount to help you to reach a set repayment goal¹.

Consolidate debts

Consider getting on top of your repayments by consolidating all your outstanding balances into one low-rate loan. So you only pay one repayment per month, rather than different bills for store cards, credit cards or store finances.

Find out more

About fixed rate car, boat and other secured personal loans or fixed and variable rate unsecured personal loans.

Repayment calculators

Calculate repayments for your:

Care with credit

Tips and advice on using credit responsibly.

Got a question about Personal Loans?

General advice on this website has been prepared without taking into account your objectives, financial situation or needs. Before acting on the advice, consider its appropriateness. Consider our disclosure documents, which include Product Disclosure Statements (PDS) for some products. The PDS is relevant when deciding whether to acquire or hold a product. View our ABN & RSE Numbers for Superannuation entities.

By accessing and viewing this website you agree to be bound by the Terms and Conditions of this website.

*To pay by salary disbursement, you must first contact the Personal Lending Centre on 132 651 to obtain salary disbursement instructions to provide to your employer.

BPAY ® Registered to BPAY Pty Ltd ABN 69 079 137 518.

1. Minimum monthly repayment for a Westpac Flexi Loan is equal to 2% of the closing monthly unpaid balance or $10, whichever is greater, plus any unpaid past due amounts from previous statement(s) and any amount that exceeds your Flexi Loan limit.
2. Excludes used boats sold privately.
3. Approval is subject to Westpac's normal lending criteria. Terms and conditions and fees and charges apply. If you are eligible for a Flexi-Loan and you are an existing Westpac customer and we do not have to verify your identity or your current income, your application may be unconditionally approved. All other eligible applications will be conditionally approved subject to verification of the applicant's identity and/or income.

Fees and charges apply. Full details of terms and conditions are available on application. These may be varied, or new terms and conditions introduced, in the future. The content on these pages is for information only and is not an offer by the Bank to provide the products and services. Products and services described here are only available within Australia. Any application for credit is subject to Westpac's normal lending criteria.