With a Westpac Flexi Loan you could have money available whenever you need it2. It's a reusable, unsecured personal loan with a credit limit of between $4,000 and $75,000. Westpac Flexi Loan lets you withdraw additional funds when you need them without reapplying3, and you only pay interest on the outstanding balance, not your assigned credit limit.
Same day funds1
If you're an existing Westpac customer, you can apply for a Westpac Flexi Loan through Online Banking (get a reply in 60 seconds) or at a branch, and if approved, get same day access to your funds1.
Flexible repayment
As long as you meet the minimum monthly repayment2, you can vary your Flexi Loan repayments to suit your needs. Choose to make extra repayments to pay off your borrowed amount sooner with no early repayment fees, or we can help you to set up a term plan to match your repayments to your budget, it's up to you.
Competitive interest rate and fees
- A competitive variable interest rate of 14.69% p.a.
- $150 establishment feeand a $10 monthly service fee4 applies.
Ready to start calling the shots?
- Apply online or at any Westpac branch
- Receive approval and accept the Contract. If you're approved, then your contract will be presented to you on screen or given to you by the branch staff for you to read and accept
- Immediate Access. As soon as you accept your contract your Flexi Loan Account will be set up1 and you can access your loan amount through Online and Telephone Banking (if you're registered) and at any Westpac branch (during branch opening hours).
Start calling the shots
Get a reply in 60 seconds
Want to talk it through?
Related documents
Things you should know
- Information current as at 14 May 2012. Discount offers apply to the standard variable rate of 14.69% only. Approval is subject to the Westpac’s normal lending criteria. Credit limits between $4,000 - $75,000. Flexi Loan Conditions of Use (PDF 137kb) available on request. These may be varied, or new Terms and Conditions introduced in the future. Fees and charges apply.
- 1. Existing Westpac customers who apply and are approved for a Flexi Loan through Online Banking (if registered) or through any Westpac branch during branch opening hours will have their Flexi Loan account created with immediate access to their loan amount usually within 30 minutes of accepting their contract. Same day access is subject to system availability and is not available for incomplete applications or when Westpac requests additional information and/or supporting documents to assess an application.
- 2. Minimum monthly repayment of 2% of the closing monthly unpaid balance (rounded up to the nearest dollar) or $10, whichever is greater, plus the greater of any unpaid past due amounts from previous statements and any amount that exceeds your Flexi Loan credit limit.
- 3. Individual withdrawals may require authorisation.
- 4. Waived when an account has a zero balance and there have been no transactions on the account for that entire month.
