What you're applying for
Let's recap on your choice of an Unsecured Personal Loan.
The important numbers
- Borrow $4,000 to $50,000 on a 1-7 year loan term
- Fixed rate range 7.00% p.a. - 21.99% p.a. (comparison rate of 8.41% p.a. - 23.28% p.a.^)
- Fees include a $15 monthly loan account fee
Save up to 100% of the establishment fee for a Personal Loan for purpose of Debt Consolidation.***
- Loans above $20K and up to $50K: Pay $0 establishment fee (save $250)
- Loans above $10K and up to $20K: Pay $100 establishment fee (save $150)
- Loans under $10K: Pay $250 establishment fee
Eligibility and what you'll need
You'll need to
- Have a regular income
- Be up-to-date with your regular repayments (rent or home loan, phone, credit cards and other loans etc.)
- Be able to cover your expenses
Considerations
If you're buying a car that's less than 7 years old and are willing to offer it as security, our Car Loan could offer a lower interest rate^^
A $175 prepayment fee applies if you choose a loan term of 3-7 years and repay it within 2 years
Other options:
Personal loans can be a good way to secure a lump sum of money for a specific need. However, there are instances where it's worth considering another form of credit:
You need a payment tool to access funds for everyday purchases on an ongoing basis. In this case, view our Credit Cards
If you need ongoing help with short-term cashflow or prefer paying in stages instead of a lump sum upfront, consider our Flexi Loan
You're doing home renovations that will cost more than $50,000. In this case look at increasing your home loan, or a construction option.
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 10 June 2026.
***Tiered Establishment fee discount on a Westpac Unsecured Personal Loan for Debt Consolidation: This offer is available to new and existing Westpac customers. Eligibility is contingent upon applying for a new Westpac Unsecured Personal Loan contract for Debt Consolidation loan purposes only by 30 September 2026 via the ‘apply online’ application link, with approval and contract acceptance by 14 October 2026. Establishment Fee savings apply as follows:
- Loans of $20,001 or more: Full establishment fee discount applies ($0 establishment fee, saving $250)
- Loans from $10,001 and up to $20,000: Partial establishment fee discount applies ($100 establishment fee, saving $150)
This offer excludes non-resident applicants. Loans under $10,000 will not receive the establishment fee discount. Credit criteria and other fees & charges may apply. All other fees are outlined on the Personal Loans Product Page and in the Terms & Conditions apply. This offer cannot be used in conjunction with any other offer and may be varied or withdrawn at any time. This offer is valid from 10 June 2026 until 30 September 2026.
^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.)
^^To qualify for a Car Loan, applicant must meet all credit criteria and the car offered as security must meet all criteria - either new or if used, cannot be older than 7 years at time of application, registered under the applicant's name, has been made locally or imported by the manufacturer, has never been written off (even if it was repaired), has a paid, fully comprehensive insurance policy with Westpac noted as the financier and is for personal use only. The loan amount may exceed the vehicle's market value, as reported by Redbook, to cover the purchase price of the vehicle and other expenses. If you're using a Westpac Car Loan to buy an electric or hybrid car, check our list of eligible vehicles.
Credit provided by Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714.