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)
  • Save 1% p.a. on a new Unsecured Personal Loan, bringing the interest rate to 11.99% p.a. (comparison rate 13.15% p.a.~) Apply and be approved by 21 March 2019~
  • 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:

  • 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.
     
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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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Start planning with a 1% p.a. discount on new Unsecured Personal Loans~

Looking to consolidate debt, purchase a car, travel or just need some breathing space? An Unsecured Personal loan could help when you apply and are approved by 21 March 2019.

Credit criteria, terms and conditions apply. Find out more

Tools and calculators

Interactive online services to help you choose your loan and understand how it works.  

Articles

Manage your personal loan

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1300 720 697

8am - 8pm, 7 days a week

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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. The comparison rate is based on a personal loan of $30,000 over 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.

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.


~1% p.a. interest rate discount offer: Information correct as at 21 January 2019. The offer is open to customers who apply and are approved for a new Westpac Unsecured Personal Loan by 21 March 2019 via the 'Apply now' application button on this page. Approved customers will receive a special interest rate of 11.99% p.a. (comparison rate 13.15% p.a.) on new Unsecured Personal Loans, which represents a 1% p.a. discount on the current advertised rate of 12.99% p.a. (comparison rate 14.14% p.a.). 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 Online Banking Terms and Conditions before making a decision and consider whether the product is appropriate for you. If you need help, call 132 032.