Compare Personal Loans

Looking to borrow for a holiday, new car, home renovations or to consolidate debt? Our personal loan comparison table helps you work out the lending option that best suits your needs.

Features Unsecured Personal Loan Car Loan Flexi Loan
Suitable for
  • Debt consolidation
  • Used car
  • Refinance of an existing personal loan
  • New car purchase1
  • Used car purchase1
  • Holiday
  • Home renovations
  • Car
  • Any personal purpose
  More about Unsecured Personal Loans More about Car Loans More about Flexi Loan
Interest rate 12.99% p.a.*
(fixed rate)
8.49% p.a.
(fixed rate)
14.69% p.a.
(variable rate)3
Comparison rate4 14.01% p.a.* 9.54% p.a. n/a
Loan amount
(min-max)
$4,000 - $50,000 $10,000 - $100,000 $4,000 - $75,000
Loan term (min-max) 1-7 years 1-7 years Continuing line of credit
Repayments Monthly payments as set out in your loan contract Monthly payments as set out in your loan contract 2% of the closing monthly unpaid balance or $10 - whichever is greater3
Redraw facility2 No No Yes
Insurance4 Westpac Personal Loan Protection insurance6 Westpac Personal Loan Protection insurance6 Westpac Flexi Loan Repayment Protection insurance7
Establishment fee8 $250 $250 $150
Monthly service fee8 $10 $10 $10
  More about Unsecured Personal Loans More about Car Loans More about Flexi Loan
 

Apply online

Apply online

Apply online

Things you should know
  • Approval is subject to Westpac's normal lending criteria. Terms and conditions and fees and charges apply which may vary without notice.

    * All loans approved from 11 Jan to 29 April 2016

    1. New or used vehicle purchased is used as the security for the loan - excludes imported vehicles not imported to Australia by the manufacturer. Used vehicle must be less than seven years old.

    2. Withdrawals are subject to authorisation.

    3. Interests rates are subject to change (and margins may apply).

    4. The comparison rate is based on an unsecured personal loan with a loan amount of $30,000 and a term of 5 years. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

    5. When you make a withdrawal, you have the option to select a repayment goal. This is when you aim to repay the borrowed amount, within a certain time between 1 and 5 years. You’ll then repay under what’s called a "Term Plan".

    6. General advice on this website has been prepared without taking into account your objectives, financial situation or needs. Personal Loan Protection is issued by Westpac General Insurance Limited ABN 99 003 719 319 (who issues the unfit for work cover and the job loss cover) and Westpac Life Insurance Services Limited ABN 31 003 149 157 (who issues the death cover). Westpac Banking Corporation ABN 33 007 457 141 distributes the insurance, but does not guarantee the insurance. This information does not take into account your personal circumstances. Read the Product Disclosure Statement, to see if this insurance is right for you. Call 132 651 or visit the Personal Loan Protection product page for more information. The insurance is optional and is not a condition of the loan. You can arrange insurance with the insurer of your choice, or not arrange any insurance.

    7. Flexi Loan Repayment Protection is issued by Westpac General Insurance Limited ABN 99 003 719 319 (who issues the unfit for work cover and the job loss cover) and Westpac Life Insurance Services Limited ABN 31 003 149 157 (who issues the death cover). Westpac Banking Corporation ABN 33 007 457 141 distributes the insurance, but does not guarantee the insurance. This information does not take into account your personal circumstances. Read the Product Disclosure Statement, to see if this insurance is right for you. Call 132 651 or visit the Flexi Loan Repayment Protection product page for more information. The insurance is optional and is not a condition of the loan. You can arrange insurance with the insurer of your choice, or not arrange any insurance.

    8. The establishment fee will be added to your loan amount. Other fees and charges may be payable. Full terms and conditions are available on request. These may be varied, or new terms and conditions introduced in the future.