Unsecured Personal Loan
Essentials
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Unsecured Personal Loan fixed rate 14.39% p.a.
Comparison rates from 15.41% p.a.1
- $250 establishment fee
- $10.00 monthly service fee
- Available in Westpac branches
- Apply for up to $50,000 with this fixed interest Personal Loan for debt consolidation, a holiday, household purchases, education costs, a wedding or for any combination of purposes
- Fast track your Personal Loan by applying online and agreeing to receive your contracts via email, if approved2
- Apply online or at a Westpac branch and we aim to have a decision to you within 24 hours, or you could receive conditional approval within minutes of applying over the phone
- Make extra repayments when you have additional funds to repay your loan faster.3
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Try our calculator
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All applications are subject to the Bank’s normal lending criteria. Information current as at 14 May 2012.
Did you know?
Westpac offers a range of repayment options, including Direct Debit which is an easy and convenient way to repay your loan, so why not set one up today?
Things you should know
- 1. 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.
- 2. If you would prefer to receive your contracts in the post (which can take up to 10 business days), please apply via our Personal Lending Centre on 132 651 (8am-8pm, 7 days a week) from anywhere in Australia. Documents sent via post can take 5-10 days.
- 3. Our Unsecured Personal Loans have a standard term of 1 to 7 years. If you choose a term greater than 2 years, and pay it out in less than 2 years, there is a prepayment fee of $175. This fee is waived if you pay out your personal loan by re-financing to another Westpac personal loan.
Features
Fast response
When applying:
- Online - we will aim to give you a decision within 24 hours of receiving your application
- By phone - we can provide you with a conditional approval within minutes and a formal approval once you provide all the necessary information.
Discounts
- If you meet the eligibility criteria, and your loan is approved, you may receive a discount of 0.5% p.a. rate discount on student loans when you have the Westpac Choice Student package or the Westpac Choice Youth package
- If your employer is part of our Corporate Connections program, you may be eligible for a $0 Establishment Fee and 0.75% p.a. off the standard interest rate. Ask about this offer when you call.
Borrowing details
- Apply for between $4,000 and $50,000
- Use the loan for debt consolidation, a holiday, household purchases, education costs, a wedding, or for any combination of purposes.
Repayments you can control
- Make extra repayments when you have additional funds to repay your loan faster1
- Loan terms of 1 to 7 years available1
- There is one simple monthly repayment so you know exactly how much you need to pay.
Things you should know
- 1. Our Unsecured Personal Loans have a standard term of 1 to 7 years. If you choose a term greater than 2 years, and pay it out in less than 2 years, there is a prepayment fee of $175. This fee is waived if you pay out your personal loan by re-financing to another Westpac personal loan.
Fees
| Fee | Amount |
|---|---|
| Establishment fee |
$250 |
| Monthly service fee |
$10.00 |
| Prepayment fee 2 | $175 |
Things you should know
- 1. 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.
- 2. Our Unsecured Personal Loans have a standard term of 1 to 7 years. If you choose a term greater than 2 years, and pay it out in less than 2 years, there is a prepayment fee of $175. This fee is waived if you pay out your personal loan by re-financing to another Westpac personal loan.
Rates
| Loan | Fixed interest rate | Comparison rate1 | Example amount | Example years |
|---|---|---|---|---|
| Unsecured personal loan $4,000-$10,000 | 14.89% p.a. | 18.24% p.a. | $10,000 | 3 |
| Unsecured personal loan $10,001-$50,000 | 14.39% p.a. | 15.41% p.a. | $30,000 | 5 |
Rates are current as at 14 May 2012 and are subject to change.
View Unsecured personal loan essentials.
Things you should know
- 1. 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.
