What you're applying for
Let's recap on your choice of a Flexi Loan
Flexi Loan
- Access to credit on an ongoing basis without needing to reapply, to help manage cashflow1
- Flexible repayment options (with a monthly minimum) rather than a set repayment schedule2
- Access funds by transferring to a Westpac transaction account, or pay bills directly using BPAY®
- Pay interest only on the amount you’ve used (and not your whole credit limit).
The important numbers
- Credit Limit: $4,000 to $50,000
- Variable interest rate: 18.99% p.a. on the funds you use
- Fees include a $0* establishment fee and a $12 monthly loan account fee (only charged on the months you use your account, or have a balance owing)
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
- To apply online you must be an existing customer and have paid your regular income into a Westpac transaction or savings account for more than six months, or have a Westpac Home Loan
- While you only need to make the minimum repayment, it can take longer to pay off loan balances unless you choose to make higher or additional repayments
Other options:
A final check that this is the right credit option for you. A Flexi Loan can help with short-term cashflow shortfalls. 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
You have a longer-term or specific borrowing need, like a car or home renovations. In this case, view our Personal Loans
- You want a fixed repayment schedule with a defined loan end-date. In this case, view our Personal Loans
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 20 November 2025.
1. Ongoing access to credit: Withdrawals are subject to authorisation. A $500 minimum applies.
2. The minimum monthly payment is the minimum amount you need to pay each month, which includes;
- The monthly loan account fee
- 2% of the statement's closing balance (excluding the monthly loan account fee) or the full closing balance if under $10, whichever is greater
- Any overdue amount owing, or the amount of your closing balance which exceeds your credit limit, whichever is greater.
*Establishment Fee Waiver: is available to existing Westpac customers who apply, are approved, and accept a new Westpac Flexi Loan contract by 18 December 2025 to have the $150 establishment fee waived.
This offer cannot be used in conjunction with any other offer and may be varied or withdrawn at any time. This offer excludes non-resident applications. Eligibility, credit criteria, standard fees and terms & conditions apply. All other applicable fees are outlined on the product page and in the terms & conditions. The offer is valid from 20 November 2025 to 18 December 2025.
BPAY® is a registered trademark of BPAY Pty Ltd ABN 69 079 137 518.
Credit provided by Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714.