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What we ask

A few simple questions about you, such as your income and expenses.

What you get

An estimate of your borrowing potential with a Westpac Unsecured Personal Loan and a calculation of what your repayments could be - weekly, fortnightly, monthly and annually.


About

 

We consider anyone under 18 who is living with you as a dependent.

 


Income

 

Note: this calculator does not take into account types of income, which could impact the estimate.

Additional income may include overtime, bonuses, rent, pension, family allowances, share dividends, investment interest or other income streams.

 


Expenses

 

Additional expenses include rent, mortgage, credit card and other loan repayments as well as any other expenses you may share.

Additional expenses include rent, mortgage, credit card and other loan repayments as well as any other expenses you may share.

 


 

Things you should know

Online Banking Terms and Conditions (PDF 277KB)


Any advice on this website is general in nature and has been prepared without considering your objectives, financial situation or needs. Please consider your individual circumstances before applying for a Westpac Personal Loan. Credit criteria, fees, charges, terms and conditions apply. Information correct as of 23 March 2021.


~2% interest rate discount: Important information current as at 23 March 2021. This offer is only available to a customer who applies for a Westpac Unsecured Personal Loan, is approved and accepts their loan contract by 18 May 2021. Loan application can be submitted via the ‘apply online’ application link, by calling 1300 720 697 or by visiting a branch. Offer is not available when refinancing an existing Westpac Personal Loan. Eligible customers will receive a discounted fixed interest rate of 9.99% p.a. (comparison rate 11.16% p.a.) on a new Westpac Unsecured Personal Loan, which represents a 2% p.a. discount on the current advertised rate of 11.99% p.a. (comparison rate 13.15% p.a.). This offer is open to single applicants only. This offer cannot be used in conjunction with any other offer and may be varied or withdrawn at any time. All other fees are outlined on Westpac Unsecured Personal Loan. Please read the Terms and Conditions (PDF 127KB), including the Internet and Phone Banking Terms and Conditions (PDF 277KB), before making a decision and consider whether the product is appropriate for you. If you need help, please call 1300 720 697.


^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 9.99% p.a. (comparison rate 11.16% p.a.), the estimated total amount payable including fees is $39,274.
  • 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 7.49% p.a. (comparison rate 8.68% p.a.), the estimated total amount payable including fees is $37,080. 

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 below. 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.

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.

Interest Rate: 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.


##The establishment fee will be added to your loan amount. Other fees and charges may be payable. Please read full terms and conditions before making a decision to apply for a Westpac Personal Loan.


Credit provided by Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714.