Skip to main content Skip to main navigation
Skip to access and inclusion page Skip to search input

The important numbers

Credit Limit: $4,000 to $50,000
Variable interest rate: 16.99% p.a. on the funds you use
Lending establishment fee: $150##
Monthly loan account fee: $12 (Only charged on the months you use your account, or have a balance owing)

What you'll get

  • 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 schedule

  • 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).


  • 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 fees and charges may apply#.

Check you're eligible

Regular income

A regular, verifiable Australian taxable income from the same source for at least 3 months (18 months for self-employed)

Regular payments

You're up-to-date with your regular payments (rent, phone, credit cards or afterpay etc.)

Expenses covered

Make sure you can cover your expenses, as well as your Personal Loan repayments.

Other eligibility criteria

  • Existing Westpac customer and you’re aged 18 or over
  • You're an Australian citizen or permanent resident
  • You have a fixed residential address in Australia
  • Have regular income credited to a Westpac account for 6 months or more, or hold a Westpac Home Loan
  • You have an eligible Australian bank account.

Before continuing

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 1 November 2023.

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

#Other fees and charges may apply. Refer to Personal Loans for details.

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.

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.