Personal loans

What rate will you actually get? With our personal loans it’s clear and simple – the one you see is the one you’ll get.
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For a large purchase or consolidating debt


Unsecured Personal Loan

  • A fixed rate helps you plan ahead, as you know what your repayments will be
  • Weekly, fortnightly or monthly repayment
  • Borrow $4,000 - $50,000
     
We've lowered our rate

Whatever term you choose, you’ll now get our rate of 11.99% p.a. (comparison rate 13.15% p.a.4)

 

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To buy a new or used car (less than 7 years old)


Car Loan

  • Get a lower rate by using your car as security1
  • A fixed rate helps you plan ahead, as you know what your repayments will be
  • Weekly, fortnightly or monthly repayments
  • Borrow $10,000 - $100,000
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For accessing funds as you need them


Flexi Loan

  • A reusable ‘line of credit’ facility, to cover multiple expenses without needing to reapply
  • No early repayment, exit or redraw fees
  • Apply for a credit limit between $4,000 - $50,000

Note: These loans need a high level of discipline in order to pay off the principal.

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What is the purpose of your loan?

Do you want to offer the car you’re buying as security for the loan to get a lower interest rate?

Do you need to use the loan all at once or in several smaller amounts?

How would you like to repay your loan?

Unsecured Personal Loan

With a Westpac Unsecured Personal Loan, you could:

  • Whatever term you choose, you’ll now get our rate of 11.99% p.a. (comparison rate 13.15% p.a.4)
  • Borrow between $4,000 and $50,000 (conditions apply)
  • Pay your loan off between 1 and 7 years
  • Refinance Australian, non-Westpac Personal Loans, credit cards or store cards
  • Access your funds in a Westpac account, within 60 minutes of final approval, 24/7.3
       
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Car Loan

Your dream car could be closer than you think with a Westpac Car Loan. With a Westpac Car Loan, you could:

  • Get a lower interest rate than our other Personal Loans by using your car as security1
  • Borrow $10,000 - $100,000 to buy a new or used car, repaying it over 1-7 years (conditions apply)2
  • Choose a repayment frequency to suit you – weekly, fortnightly or monthly
  • Borrow an additional 10% of the car’s value to help cover incidentals and on-road costs, provided the total amount is within your approved limit
  • Save time as we’ll manage the final payment to the dealer or private seller for you.
     
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Westpac Flexi Loan

Only existing Westpac customers can apply for a Flexi Loan online – please call us on 1300 720 697 or visit a branch if you’re not a Westpac customer.

Westpac Flexi Loan lets you withdraw funds up to an agreed limit without reapplying. This makes the loan useful if you need to cover several costs at different stages over the course of a long-term project, such as home renovation or wedding planning. With a Flexi Loan, you could:

  • Pay interest only on your outstanding balance, not the assigned credit limit – variable interest rate of 16.49% p.a.
  • Repay what you like when you like, above the minimum repayment amount.
  • Use what you need up to a credit limit of between $4,000 and $50,000
  • Pay no additional withdrawal, early repayment fee or exit fees. Withdrawals may need to be authorised.

Line of credit loans require a high level of discipline in order to pay off the loan principal.
Other fees include a $150 establishment fee and $12 monthly service fee.

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Unsecured Personal Loan

With a Westpac Unsecured Personal Loan, you could:

  • Whatever term you choose, you’ll now get our rate of 11.99% p.a. (comparison rate 13.15% p.a.4)
  • Borrow between $4,000 and $50,000 (conditions apply)
  • Pay your loan off between 1 and 7 years
  • Refinance Australian, non-Westpac Personal Loans, credit cards or store cards
  • Access your funds in a Westpac account, within 60 minutes of final approval, 24/7.3
       
Find out more

Unsecured Personal Loan

With a Westpac Unsecured Personal Loan, you could:

  • Whatever term you choose, you’ll now get our rate of 11.99% p.a. (comparison rate 13.15% p.a.4)
  • Borrow between $4,000 and $50,000 (conditions apply)
  • Pay your loan off between 1 and 7 years
  • Refinance Australian, non-Westpac Personal Loans, credit cards or store cards
  • Access your funds in a Westpac account, within 60 minutes of final approval, 24/7.3
       
Find out more

The rate you see is the rate you’ll get.

11.99% p.a. (comparison rate 13.15% p.a.^) for new Unsecured Personal Loans.

Yes, you will actually get our new, lowered rate once you’re approved. And it’s fixed, whether you choose to repay it over 1 year, 7 or somewhere in-between.

Credit criteria and T&Cs apply.
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Understanding personal loans

Everything you need to know about the features and potential uses of the basic personal loan types.

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Thinking of consolidating debt?

Take control with a personal loan for debt consolidation.

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After a bike, boat or jet ski?

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Track or complete your application online

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Give us a call

1300 720 697

8am - 8pm, 7 days a week

Find a branch

Visit your local branch

More to help you choose
Manage your personal loan
Helpful information
Things you should know

Credit criteria, fees, charges, terms and conditions apply.

Any advice on this website is general in nature and has been prepared without taking into account your objectives, financial situation or needs.

1. To qualify for a lower interest rate, any motor vehicle offered as security must be less than 7 years at the start of the loan. Whether purchasing new or used car, the vehicle has to have been imported to Australia by the manufacturer, and all the lending criteria met.


2. 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.

Access to funds within 60 minutes

3. Access to Unsecured Personal Loan funds within 60 minutes from final approval is only available for existing Westpac customers, who apply as a single applicant online, with funds being disbursed into their own Westpac account.


4. Comparison rate information

Comparison rates help you understand the true cost of a loan. 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 and may not include all fees and charges. 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.