What is the purpose of your loan?
Things you should know
Credit criteria, fees, charges, terms and conditions apply.
^ 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.
Comparison rate information
1. The comparison rate for the Westpac Car Loan is based on a secured loan of $30,000 for 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. The comparison rate for the Westpac Unsecured Personal Loan is based on a loan amount of $30,000 for 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.
For 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. If the vehicle is registered in joint names, the loan application must be under joint names. 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.
* $0 Establishment fee offer: The offer is open to all customers who complete an application for a new Westpac Unsecured Personal Loan between 1 May 2018 to 14 June 2018. If approved, the Establishment fee will be waived. This offer is open to single applications only. Joint applications are excluded from this offer. This offer cannot be used in conjunction with any other offer and may be varied or withdrawn at any time.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 product disclosure statement apply.
# $200 Fuel Gift Card offer: The offer is available to customers who complete an application for a new Westpac Secured Personal Loan for $10,000 or more for the purpose of purchasing a new or used car between 14 May 2018 and 28 June 2018 (inclusive); and draw down on an approved loan on or before 31 July 2018 (“eligible loan”). Westpac Unsecured Personal Loans and Flexi Loans are excluded from this promotion. To be eligible for this offer, “New car” or “Used car” must be selected as the loan purpose on the application form, under the section “What’s the purpose of this loan?”. Once the eligible loan has been drawn down, the primary applicant will be issued with a Caltex StarCash physical Gift Card or eGift Card [valued at $200]. (“Fuel Gift Card”) by Mastercard Loyalty Solutions (Mastercard Loyalty Solutions Australia Pty Ltd, ABN 49 002 693 656) on behalf of the Westpac Group. Please allow between 4 to 8 weeks to receive the Fuel Gift Card after loan draw down. Limit of one Fuel Gift Card per eligible loan. 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 product Terms and Conditions apply. Fuel Gift Cards can be used at participating locations, and are subject to the Caltex StarCash Terms and Conditions of use available at www.caltex.com.au/our-solutions/fuel-cards/starcash-terms-and-conditions. Please consider that the size of your fuel tank and the cost of fuel on the day, will determine the number of petrol tanks you can fill using the Fuel Gift Card. The average rate of fuel consumption of passenger vehicles in 2016 was 10.6 Litres per 100 kilometres. Source: Bureau of Infrastructure, Transport and Regional Economics (BITRE) 2017, Fuel economy of Australian passenger vehicles — a regional perspective, Information Sheet 91, BITRE, Canberra.