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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:

  • Pay no establishment fee when you apply for a new unsecured personal loan (usually $250)*, available to single applicants only. Offer ends 14th June 2018.
  • Borrow between $4,000 and $50,000 (conditions apply)
  • Lock in a fixed interest rate of 12.99% p.a. (comparison rate of 14.14% p.a.2) available for new loans only
  • Pay your loan off between 1 and 7 years2
  • 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.^
       

Car Loan

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

  • Receive a $200 fuel voucher with a Westpac Car Loan. Offer ends 28 June 2018.#
  • Offer your car as security and get a fixed interest rate of 8.49% p.a. (comparison rate 9.67% p.a.1).
  • Borrow between $10,000 and $100,000 to purchase a new or used car.
  • Set a loan term that works for you from 1 to 7 years.
  • Choose a repayment frequency to suit when you get paid - weekly, fortnightly or monthly.
  • Include up to an additional 10% of the car’s value in the total loan amount to use for on-road costs, such as insurance, registration and transfer costs.
     

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 replying. 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 14.99% 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 principle.
Other fees include a $150 establishment fee and $12 monthly service fee.


$0 Establishment Fee

Apply for a new Unsecured Personal Loan and we’ll waive the establishment fee (normally $250)*. Offer ends 14 June 2018, available to single applicants only.

Learn more


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.