Discover your borrowing power
What we ask
A few simple questions about you, such as your income and expenses.
What you get
Your estimated borrowing power for an unsecured loan with repayment options.
Things you should know
Credit criteria, fees, charges, terms and conditions apply.
- The output of this calculator is subject to the calculator assumptions set out below and is subject to change. This calculation is provided as a guide only and does not constitute an offer of credit or a quote. It is only an estimate of what you may be able to borrow based on the accuracy of the information provided. It is not intended to be relied on for the purpose of making a decision whether to apply for a personal loan. If you do apply for a personal loan, you will be required to provide information in addition to the information entered for the purpose of this calculation, including a detailed breakdown of your income and expenses. Credit criteria will apply. This calculator does not take stamp duty or other government charges into account. Other fees and charges may apply to a personal loan.
- The comparison rate is based on a loan of $30,000 for a term of 5 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
- For the purposes of the Car Loan, the vehicle offered as security must not be more than 7 years old at application.
Length of month
All months are assumed to be of equal length. In reality, many loans accrue on a daily basis leading to a varying number of days' interest dependent on the number of days in the particular month.
Number of weeks & fortnights in a year
One year is assumed to contain exactly 52 weeks or 26 fortnights. This implicitly assumes that a year has 364 days rather than the actual 365 or 366.
Rounding of amount of each repayment
In practice, repayments are rounded to at least the nearer cent. However the calculator uses the unrounded repayment to derive the amount of interest payable at points along the graph and in total over the full term of the loan. This assumption allows for a smooth graph and equal repayment amounts.
The interest rates represented on this page are Westpac's standard interest rates and exclude any package or promotional discounts and are subject to change.
* $0 Establishment Fee: Information current as at 17 October 2018. The offer is open to customers who apply and complete an application for a new Westpac Unsecured Personal Loan by 20 December 2018 via the 'Apply now' application button on this page. If approved, the Establishment fee will be waived, saving $250. 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 before making a decision and consider whether the product is appropriate for you. If you need help, call 132 032.