Unsecured personal loan
Essentials
-
From 14.64% p.a. fixed for the life of your loan
Comparison rates from 15.17% p.a.
- $250 establishment fee 1
- $7.50 monthly service fee 1
- You could receive a conditional approval within minutes of applying over the phone
- Borrow up to $50,000 for debt consolidation, a holiday, household purchases, education costs, a wedding, or for any combination of purposes
- Reduce your monthly repayments by extending the term of the loan for up to 7 years.
Comparison rate calculations for unsecured personal loans based on a designated amount of $30,000 (unsecured) for a term of 5 years have a comparison rate of 15.52%p.a. 2
All applications are subject to the Bank’s normal lending criteria. Information current as at 04 December 2009.
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.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. View our comparison rate schedules (also available at our branches).
- 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 take additional finance with Westpac within 2 years of the original loan.
- 4. This fee will be added to your loan amount.
Features
Fast approval decisions
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.
Competitive rates
- If you own your own car outright, and it's valued at a minimum of $10,000, you may benefit from an even lower rate by offering the car as security.
Discounts
- If you meet the eligibility criteria, you may receive a discount of 0.5% p.a. rate discount on student loans when you have the Westpac Choice Student package, Westpac Choice Youth package or the Westpac Plus account
- If your employer is part of our Corporate Connections program, you may be eligible for a discounted rate. Ask about this offer when you call.
Borrowing details
- Borrow 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
- Choose how much to repay each month, as long as it results in your loan being repaid within 1 to 7 years
- Make extra repayments when you have additional funds to reduce the term of your loan faster 3
- There is one simple monthly repayment so you know exactly how much you need to pay.
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.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. View our comparison rate schedules (also available at our branches).
- 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 take additional finance with Westpac within 2 years of the original loan.
- 4. This fee will be added to your loan amount.
Fees
| Fee | Amount |
|---|---|
| Establishment fee 4 |
$250 |
| Monthly service fee |
$7.50 |
| Prepayment fee 3 | $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.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. View our comparison rate schedules (also available at our branches).
- 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 take additional finance with Westpac within 2 years of the original loan.
- 4. This fee will be added to your loan amount.
Rates
| Loan | Annual rate | Comparison rate 2 |
|---|---|---|
| Unsecured personal loan | From 14.64% p.a. to 15.14% p.a. | Show comparison rates |
| Amount of loan | Term | Annual interest rate | Comparison rate 2 |
|---|---|---|---|
| $5,000 | 2 years | 15.14% p.a. | 23.84% p.a. |
| $10,000 | 3 years | 14.64% p.a. | 18.93% p.a. |
| $15,000 | 4 years | 14.64% p.a. | 16.62% p.a. |
| $20,000 | 4 years | 14.64% p.a. | 16.12% p.a. |
| $25,000 | 5 years | 14.64% p.a. | 15.70% p.a. |
| $30,000 | 5 years | 14.64% p.a. | 15.52% p.a. |
| $50,000 | 7 years | 14.64% p.a. | 15.17% p.a. |
If you have the Westpac Choice Student package, you may be eligible to receive a 0.5% p.a. discount on the rate.
Rates are current as at 04 December 2009 and are subject to change.
View Unsecured personal loan essentials.
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.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. View our comparison rate schedules (also available at our branches).
- 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 take additional finance with Westpac within 2 years of the original loan.
- 4. This fee will be added to your loan amount.
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?
