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Personal loan interest rates

Looking for a personal loan with a low interest rate? Our personal loan rates are competitive and come with flexible options to help you achieve your dreams.

Loan Annual rate Comparison rate Rate Type
Car Loan 8.49% p.a. 9.67% p.a. Fixed
Westpac Flexi Loan 16.49% p.a. N/A Variable
Unsecured Personal Loan 11.99% p.a. 13.15% p.a. Fixed

Personal loan comparison rates

The comparison rate is a tool that may help you compare the true cost of a loan.

While the interest rate is a major component, it’s not the only cost. There are other fees and charges that affect the true cost of the loan. The comparison rate includes in its calculation the interest rate and some of the fees and charges that may be payable with a loan reduced to a single rate.

You should be aware that different 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.

Fees and charges are not the only factors to consider when deciding on the best loan for you. The features that each personal loan offers may also be important when making your decision.

Looking for overdraft interest rates?

Personal and Temporary Overdrafts are linked to a transaction account and you only pay interest on funds used (when fees and charges are paid on time).

The Unarranged Lending Rate (ULR) is charged to a transaction account if it becomes overdrawn without arrangement. It will be calculated daily on the debit balance (and deducted on the last business day of each month) using the then current ULR until the account balance is positive again.

Rates are current as at 11 August 2015 and are subject to change.


Loan Overdraft amount Rate (variable)
Personal Overdraft $250 to $25,000 12.09% p.a.
Temporary Overdraft $250 to $50,000 14.09% p.a.


Unarranged Lending Rate (PDF 419KB)

Things you should know

The comparison rate is based on a loan of $30,000 for a term of 5 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Variable rate may change without notice. Credit criteria, fees and charges apply. Terms and conditions available on request.