Personal loans

A personal loan could help you get what you've always wanted. Get a car, get a holiday or better manage your debts and get ahead.
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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:

  • 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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$0 Establishment Fee

Apply for a new Unsecured Personal Loan before 30 September 2019 and we’ll waive the Establishment Fee (normally $250)*.

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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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Learn about consolidating debts

Tips and strategies to help you take control of your personal finances.

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Manage your personal loan

Retrieve your application

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

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Things you should know

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

Information current as at 13 November 2018. Any advice on this website is general in nature and has been prepared without taking into account your objectives, financial situation or needs.

Comparison rate information

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.

For Westpac Car Loans (Secured Personal Loans), any motor vehicle offered as security must not be more than 12 years old upon loan expiry. The vehicle used as security must be registered under the applicant's name. Initial rate indications quoted prior to full loan-to-valuation ratio being completed may change depending on the valuation of security offered. Whether purchasing new or refinancing a used car, the vehicle has to have been imported to Australia by the manufacturer, and all the lending criteria met.

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.


*$0 Establishment fee offer: Information current as at 20 August 2019. The offer is open to customers who apply and complete an application for a new fixed rate Westpac Unsecured Personal Loan by 30 September 2019 via the 'Apply now' or 'Apply Online' application button on this page. If approved, the Establishment fee will be waived, saving $250. This offer cannot be used in conjunction with any other offer and may be varied or withdrawn at any time. All other fees outlined on the Product page and in the Terms and Conditions apply. Read the product Terms and Conditions, including the Internet and Phone Banking Terms and Conditions (PDF 283KB) before making a decision and consider whether the product is appropriate for you. If you need help, call 132 032.