Unsecured Personal Loan

The holiday you've always wanted. That renovation. The perfect wedding. A Westpac Personal loan could make your dreams come true.
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Essentials

  • Borrow between $4,000 and $50,000 for a range of personal uses (conditions apply)
  • Fixed interest rate of 14.39% p.a. (comparison rate from 15.41% p.a.) giving you certainty of knowing how much repayments will be for the life of the loan
  • Terms between 1 to 7 years
  • $250 establishment fee
  • $10.00 monthly service fee (other fees may apply).

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    Apply now

    Apply online
  •  

    Give us a call

    1300 720 697 

    8am-8pm, 7 days a week

Things you should know
  • Normal lending criteria need to be met for loan approval.

    Comparison rate information

    The comparison rate of 15.41% p.a. 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.

    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.

    More about choosing your loan term

    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.

    All applications are subject to the Bank’s normal lending criteria. Information current as at 04 April 2014.

Features

Repayments you can control

  • Choose the frequency of your repayments to suit when you get paid (weekly, fortnightly or monthly) as long as you pay your loan back within 1 to 7 years
  • Make extra repayments to repay your loan faster.  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.

Discounts

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    Give us a call

    1300 720 697 

    8am-8pm, 7 days a week

Fees

Fees and charges
  Fee  Amount
Establishment fee (added to your loan amount) 

$250

Monthly service fee 

$10

Prepayment fee
(Applies if you choose a term greater than 2 years, and pay it out in less than 2 years. This fee is waived if you pay out your personal loan by re-financing to another Westpac personal loan).

 $175

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.

  •  

    Apply now

    Apply online
  •  

    Give us a call

    1300 720 697 

    8am-8pm, 7 days a week

Rates

Rates may change.

LoanAnnual rateComparison rate
Unsecured personal loan14.39% p.a.15.41% p.a.

 

  •  

    Apply now

    Apply online
  •  

    Give us a call

    1300 720 697 

    8am-8pm, 7 days a week

Things you should know
  • Comparison rate information

    The comparison rate of 15.41% p.a. is based on a 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.

Insurance

Optional Westpac Personal Loan Protection insurance

What happens if you suddenly lose your job or become unfit for work through illness or injury?  Financial commitments continue even if your income doesn’t. That’s where Westpac Personal Loan Repayment Protection insurance can help.

Depending on individual circumstances, it can cover personal loan repayments until you recover and get back to work. It also helps cover repayments in the event of your death..

Premiums are included as part of the amount you borrow and so are covered in your personal loan repayments.

  • You can apply for Westpac Personal Loan Protection when you apply for your Unsecured Personal  Loan.

Conditions, limits and exclusions apply.  These are explained in the policy wording Personal Loan Protection Product Disclosure Statement (PDF 185kb).  Please read the detail before deciding.

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    Apply now

    Apply online
  •  

    Give us a call

    1300 720 697 

    8am-8pm, 7 days a week

Things you should know
  • Personal Loan Protection is issued by the insurers who are Westpac General Insurance Limited ABN 99 003 719 319 (WGIL) and Westpac Life Insurance Services Limited ABN 31 003 149 157 (WLIS) each of which is liable for separate risks under the terms of the policy. This insurance product is distributed by Westpac Banking Corporation ABN 33 007 457 141 (the Bank). The policy is not an investment in or deposit with the Bank. No Westpac Group company (other than the Bank as policy distributor and WGIL and WLIS as the product issuers) has any liability in connection with the policy or this document. The Bank does not guarantee payments under the policy.

About applying

Personal Loan application process

UnsecuredPersonalLoan-graph.png

Westpac Unsecured Personal Loan - eligibility

  • You must be a permanent resident of Australia
  • Aged 18 years or over
  • Have a regular income.

If you're unsure whether you meet the above criteria, call our Personal Lending Centre on 1300 720 697 to discuss.

What information do I need to provide?

  • Valid Australian driver's licence details (if you have one)
  • Details of your current financial situation
  • Your contact info including email and residential address.

If you’re already a Westpac customer check that the details we have on record are up to date before proceeding.  You can confirm by calling 132 032 or in Westpac Online Banking.  Allow 24 hours for our records to update.

We may use the contact information that you give us to contact you to help you complete your application.

How can I apply?

  Online - Apply online, it usually takes less than 10 minutes.

  Over the phone by calling 1300 720 697 (8am-8pm, 7 days a week). We give conditional approval immediately and a final decision as soon as we receive all required information. 

visit branch In person - Visit your nearest branch.

What happens after I apply?

After you apply, you will be notified if your application has been approved or not within 24 hours.  We may need to contact you to provide further information. Your contract will either be emailed or posted to your address. Once we receive your signed contract you can arrange for either the funds to be transferred to an existing account or a bank cheque. 

Please note:
This loan must be mainly for personal use. To find out more about business loans, call Westpac Business on 132 142 (8am-8pm, Mon-Fri)

  •  

    Apply now

    Apply online
  •  

    Give us a call

    1300 720 697 

    8am-8pm, 7 days a week