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What is Westpac Flexi Loan?

Flexi Loan is different to a traditional personal loan. It allows you to withdraw funds whenever you want (up to an agreed limit) without reapplying.


  • Only pay interest on your outstanding balance, not the assigned credit limit
  • Variable interest rate of 14.69% p.a.
  • Once your application is approved, you’ll have between $4,000 and $75,000 credit limit
  • No fee for additional withdrawals, no early repayment fee and no exit fee. Withdrawals may need to be authorised
  • $150 establishment fee
  • $10 monthly service fee (waived when the account has zero balance and no transactions made for a  month). Other fees apply.
Are you an existing Westpac customer?

You could get same day access to funds if:

Track or complete your Westpac Flexi Loan application


  • Annual percentage rate - 14.69% p.a. (variable)


Fee Amount
Establishment fee $150
Monthly service fee Waived when account has a zero balance and there have been no transactions on the account for that entire month. $10.00
Prepayment / exit fee NIL
Missed payment fee $9.00
Redraw NIL

Other fees and charges

Fee Amount
Cheque dishonour fee $9.00
Declined direct debit fee $9.50
eStatements NIL
Duplicate statement fee $7.50
Information fee $9.00
Bank cheque fee $10.00
Over limit fee $9.00

Optional Westpac Flexi Loan Repayment Protection Insurance

What happens if you suddenly lose your job or become unfit for work through illness or injury?

Financial commitments continue even if your income doesn’t. That’s where Westpac Flexi Loan Repayment Protection insurance can help. Depending on individual circumstances, it can cover personal loan repayments until you recover and get back to work. It also helps cover Flexi Loan repayments in the event of your death.

  • Monthly premium is automatically charged to your Westpac Flexi Loan
  • You can apply for Westpac Flexi Loan Repayment Protection insurance when you apply for your Flexi Loan.

Conditions, limits and exclusions apply. These are explained in the policy wording Flexi Loan Repayment Protection Product Disclosure Statement (PDF 120KB) Please read the detail before deciding.

Flexi Loan application process


Instant access to funds

  • If approved.

Make a withdrawal

  • Within 60 days.


  • Bank transfer
  • Bank cheque.


  • Aged 18 years or over
  • Have regular permanent income
  • You need to be a permanent resident of Australia or,
    Non-residents: need to hold an acceptable visa (PDF 181KB) and have confirmed employment in Australia.

To find out whether your Visa qualifies you and to apply for a Personal Loan under an acceptable migrant visa (PDF 181KB), please call our Personal Lending Centre on 1300 720 697 to discuss.

Information needed to complete application

Your Flexi Loan must be mainly for personal use

To find out more about business loans, call Business Direct on 132 142 (8am - 8pm, Monday - Friday).

Ways to apply?

  • Over the phone by calling 1300 720 697 (8am - 8pm, 7 days a week). We give conditional approval immediately and a final decision as soon as we receive all required information.
  • In person - at your nearest branch.

What happens after I apply?

If you meet the credit criteria and are approved you will receive your contract in an email and have access to funds within 15 minutes (if you are registered for online banking). If you are not registered for online banking you will need to go to your nearest branch to access the funds.

Things you should know

Flexi Loan Conditions of Use (PDF 475KB)

Westpac Flexi Loan brochure (PDF 195KB)

Credit criteria, fees, charges, terms and conditions apply.

BPAY® is a registered trademark of BPAY Pty Ltd ABN 69 079 137 518.

Flexi Loan Repayment Protection is issued by the insurers who are Westpac General Insurance Limited ABN 99 003 719 319 (WGIL) and Westpac Life Insurance Services Limited ABN 31 003 149 157 (WLIS) each of which is liable for separate risks under the terms of the policy. This insurance product is distributed by Westpac Banking Corporation ABN 33 007 457 141 (the Bank). The policy is not an investment in or deposit with the Bank. No Westpac Group company (other than the Bank as policy distributor and WGIL and WLIS as the product issuers) has any liability in connection with the policy or this document. The Bank does not guarantee payments under the policy.