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Why choose a Westpac Unsecured Personal Loan for home renovations?

Pay your way

Match your pay day with weekly, fortnightly and monthly repayments

Get a quote in under 5 minutes

Know your repayments and get your rate, without impacting your credit score. 

$0 extra repayment fee

Make extra repayments and get ahead of your personal loan#. You’re in control with Westpac.

More reasons to choose us

  • Borrow up to $50,000: Choose the loan amount you want between $4k - $50k
  • Loan terms to fit your budget: Set your loan term however you want between 1 - 7 years. A longer term will lower your repayment amount, a shorter term will lower the interest you pay overtime
  • Same-day funding: Access your funds within an hour of accepting your contract when transferred to an existing Westpac account. *

Switching to solar? More power to you.

With the speed and savings of a Personal Loan.

Upgrade your home to renewable energy with our personal loan offer and you could save time and money.

Here's how:

  • Pay less interest with shorter loan term options
  • Apply online today and get a 60 second response
  • Enjoy a special fixed interest rate.

Existing Westpac Customers only, T&Cs apply.

Common questions about funding your home renovation

To an extent this will depend on the type of home renovations or improvements you’re planning (and how much you expect to spend).

If you’re asking ‘should I get a personal loan for home improvements?’, and by home improvements you mean upgrading furniture or appliances, repainting, working on the garden or even a new kitchen renovation or DIY project – and your borrowing costs are expected to come in between $4k and $50k, a personal loan such as our Unsecured Personal Loan could be an option.

But for larger upgrades like adding rooms or an entire floor, where the costs will be much higher than $50k, you might also want to consider increasing your home loan amount or a new loan with our construction option.

Repayment calculator

This calculator helps you estimate how much your personal loan repayments could be.**

The details

Our Unsecured Personal Loan comes with a fixed rate, meaning that you have the certainty of a set repayment amount throughout the life of the loan. You can also make extra repayments to pay off your loan faster, giving you the best of both worlds (prepayment fee may apply#).

Get your personalised rate.

Key rates and fees

Rate or fee Amount
Annual fixed rate range 7.99% p.a. to 20.49% p.a.
Comparison rate range 9.18% p.a. to 21.61% p.a.^

Median rate 

Around half of our customers receive the median rate or lower
16.99% p.a.
Lending establishment fee
Monthly loan account fee $12

Other fees and charges may be payable. 

Before you apply

Follow this section to improve the likelihood your application is approved. 


  • You're aged 18 or over
  • You have permanent residency in Australia/NZ OR;
  • You're a non-resident or migrant and hold an acceptable Visa (PDF 169KB), with a minimum 1 year before expiry 
  • You have a regular, verifiable Australian taxable income
  • You have a fixed, verifiable residential address in Australia.
Things you should know

Personal Loan Contract Terms and Conditions (PDF 394KB) - for customers approved before 18 March 2024.
Personal Loan Contract Terms and Conditions (PDF 210KB) - ​for customers who apply, or are approved, on or after 18 March 2024.​

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 March 2024.

##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.

^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 7.99% p.a. (comparison rate 9.18% p.a.), the estimated total amount payable including fees is $37,513. The actual rate offered may be higher or lower than the comparison example above. Rates currently range from 7.99% p.a. to 20.49% p.a. (comparison rate from 9.18% p.a. to 21.61% p.a.)

#Prepayment fee: If you choose a term greater than 2 years for a Westpac Personal Loan, and pay it out in less than 2 years, there is a prepayment fee of $175. This fee is waived if you pay out your personal loan by re-financing to another Westpac personal loan.

*Access to funds within 60 minutes: Available for existing customers who are approved for an Unsecured Personal Loan. Loan funds will be disbursed into an existing Westpac transaction account 60 minutes from when e-contract acceptance has been received. Funds requested to be transferred to a non-Westpac account will take up to 3 days.

**Repayment calculator: Any calculations made by you using this calculator is intended as a guide only. It is for illustrative purposes only and is based on the accuracy of the information provided. The calculation is not an offer of credit. The amount you can borrow may vary once 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. Weekly and fortnightly repayment calculations – if your monthly repayments are $1000, fortnightly repayments are calculated by dividing $1000 by 2 and rounding up if required ($1000 ÷ 2 = $500). Weekly repayments are calculated by dividing $1000 by 4 and rounding up if required ($1000 ÷ 4 = $250).

Credit provided by Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714.