What is the purpose of your loan?
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.
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.