Skip to main content Skip to main navigation
Skip to accessibility page Skip to search input
Retrieve application

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
       

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.
     

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.

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
       

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
       

Sign-in and save

Only available to existing customers through your online banking.

Save 1% p.a. on a new Unsecured Personal Loan

Make the festive season a little more festive with this offer on our fixed rate Unsecured Personal Loan. This brings the interest rate down to 11.99% p.a. (comparison rate 13.15% p.a.)*.

Sign-in using the button below to view full offer details and to apply.

Existing customers only. Credit criteria and T&Cs apply.^

For a large purchase or consolidating debt


Unsecured Personal Loan

  • A fixed rate helps you plan ahead, as you know what your repayments will be
  • Weekly, fortnightly or monthly repayment
  • Borrow $4,000 - $50,000

To buy a new or used car (less than 7 years old)


Car Loan

  • Get a lower rate by using your car as security1
  • A fixed rate helps you plan ahead, as you know what your repayments will be
  • Weekly, fortnightly or monthly repayments
  • Borrow $10,000 - $100,000

For accessing funds as you need them


Flexi Loan

  • A reusable ‘line of credit’ facility, to cover multiple expenses without needing to reapply
  • No early repayment, exit or redraw fees
  • Apply for a credit limit between $4,000 - $50,000

Note: These loans need a high level of discipline in order to pay off the principal.


Understanding personal loans

Everything you need to know about the features and potential uses of the basic personal loan types.

Find out more

Thinking of consolidating debt?

Take control with a personal loan for debt consolidation.

Find out more

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

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.

^1% p.a. Interest Rate Discount offer: Information correct as at 29 October 2019. This offer comprises a discounted fixed interest rate of 11.99% p.a. (comparison rate 13.15% p.a.) It is only available to existing Westpac customers who start an application and are approved for a new fixed rate Westpac Unsecured Personal Loan between 29 October 2019 and 8 December 2019 via the 'Apply now' application button in Westpac Live or the Westpac Mobile Banking app. Approved customers will receive a special interest rate of 11.99% p.a. (comparison rate 13.15% p.a.) on new fixed rate 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 Internet and Phone Banking Terms and Conditions (PDF 1MB) before making a decision and consider whether the product is appropriate for you. If you need help, call 132 032. Credit provided by Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714.

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.