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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.



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




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.




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

Personal Loan Contract Terms and Conditions (PDF 127KB)

Credit criteria, fees, charges, terms and conditions apply. Information current as at 13 November 2018.

The Joint application option is no longer available on Westpac Unsecured Personal Loans and Westpac Secured Car Loans. Single applications are still available.

Personal Loan Borrowing power calculator disclaimer and assumptions

1. The output of this Borrowing Power 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. 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. This calculator does not take stamp duty or other government charges into account. Other fees and charges may apply to a personal loan. Your borrowing power amount may be different when you complete a loan application and all the details relevant to our lending criteria are captured and verified.  The calculations should not be relied on for the purpose of making a decision whether to apply for a personal loan.

Personal Loan Borrowing power calculator assumptions

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.

Comparison rate information

2. The comparison rate is based on a personal loan of $30,000 for a term of 5 years. WARNING: This comparison rate applies only to the example or examples given. 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.

3. For the purposes of the Car Loan, the vehicle offered as security must not be more than 7 years old at application.