How it works
The Borrowing Power Calculator gives you an estimate of how much you might be able to borrow based on your income and expenses. It could help you make smarter choices and plan your finances better.
What should I keep in mind when using this calculator?
Loans this calculator works for
Comparison rates
Lending Establishment Fee
Check our 'Things you should know' section for more details.
Please review the Terms and Conditions before making a decision to apply for a Westpac Personal Loan.
Knowing your borrowing power is a helpful first step
The Personal Loan Borrowing Power Calculator is a handy tool to help support your financial planning. While it’s not a loan offer, it could give you a starting point. Your final borrowing amount may vary when you apply.
Steps to get your Personal Loan
1. Check your borrowing power
Use the calculator on this page to check how much you could borrow based on the information you give us.
2. Get your personalised quote
Choose to get your no-obligation, more personalised interest rate estimate. It won’t affect your credit score.
3. Save time - apply online
Once approved, funds are sent fast—on the same day you accept your loan contract.
Get a personalised rate
We'll work out your Personal Loan personalised rate and repayment estimate based on your credit score and the loan details you give us. It only takes a few steps, and it won’t affect your credit score. Already bank with us? Sign in to save time.
How the Borrowing Power Calculator works
It's a guide to help you plan
This calculator gives you an estimate of how much you might be able to borrow. It’s based on the details you enter and some built-in assumptions.
It's just a guide, not a loan offer. Your borrowing amount may change when you apply.
Borrowing Power Calculator: The output shown by the borrowing power calculator is based on the information you have entered and is subject to the calculator assumptions set out in the ‘How it calculates’ section. It is for illustrative purposes only. The information provided is not an offer of credit and your borrowing power amount may vary once you have completed a loan application. The calculations should not be relied upon for the purpose of making a decision whether to apply for a personal loan.
Things you should know
This information is general in nature and has been prepared without taking your objectives, needs and overall financial situation into account. For this reason, you should consider the appropriateness of the information to your own circumstances and, if necessary, seek appropriate professional advice. Please consider your individual circumstances before applying for a Westpac Personal Loan. Credit criteria, fees, charges, terms and conditions apply. Information is correct as of 30 October 2025.
Comparison rates: Comparison rates help you understand the true cost of a loan. All comparison rate examples shown are for a personal loan amount of $30,000 and a term of 5 years. WARNING: Comparison rates apply only to the example or examples given and may not include all fees and charges. Different loan 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.
- Unsecured Personal Loan repayment terms range from 1 to 7 years. Interest rate ranges and representative examples are based on an unsecured loan of $30,000 borrowed for 5 years with the interest rate of 7.00% p.a. (comparison rate 8.41% p.a.), the estimated total amount payable including fees is $36,839. The actual rate offered may be higher or lower than the comparison example above. Rates currently range from 7.00% p.a. to 21.99% p.a. (comparison rate from 8.41% p.a. to 23.28% p.a.)
- Car Loan repayment terms range from 1 to 7 years. Interest rate ranges and representative examples are based on a personal loan of $30,000 borrowed for 5 years with the interest rate of 6.49% p.a. (comparison rate 7.90% p.a.), the estimated total amount payable including fees is $36,404. The actual rate offered may be higher or lower than the comparison example above. Rates currently range from 6.49% p.a. to 12.99% p.a. (comparison rate from 7.90% p.a. to 14.34% p.a.)
- Electric Car Loan repayment terms range from 1 to 7 years. Interest rate ranges and representative examples are based on a personal loan of $30,000 borrowed for 5 years with the interest rate of 5.99% p.a. (comparison rate 7.41% p.a.), the estimated total amount payable including fees is $35,981. The actual rate offered may be higher or lower than the comparison example above.
- Hybrid Car Loan repayment terms range from 1 to 7 years. Interest rate ranges and representative examples are based on a personal loan of $30,000 borrowed for 5 years with the interest rate of 5.99% p.a. (comparison rate 7.41% p.a.), the estimated total amount payable including fees is $35,981. The actual rate offered may be higher or lower than the comparison example above. Rates currently range from 5.99% p.a. to 10.29% p.a. (comparison rate from 7.41% p.a. to 11.66% p.a.)
Credit provided by Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714.