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You’ve been great with repayments.

So we’d like to offer you something in return when you refinance your Unsecured Personal Loan.

A discounted rate: 11.49% p.a.* (comparison rate 12.28% p.a.)^

Refinance your current loan by applying for a new Unsecured Personal Loan of up to $50,000 and get a special rate.


Refinance with no early repayment or establishment fees

We'll waive the early repayment fee on your existing loan plus the establishment fee on your new loan.

What else do you need to know before applying?

Before you apply to refinance your Unsecured Personal Loan, remember:

  • Refinancing involves applying for a new loan to replace your existing loan
  • Simply choose how much you want to add to your current loan amount when you refinance (up to a credit limit of $50,000). Then choose the new loan term you’re comfortable with (between 1 and 7 years). A new loan could mean that you could pay more interest over time than with your existing loan
  • As your personal circumstances may have changed, we will need to assess your application per our standard responsible lending and credit assessment criteria. It’s a good idea to check your credit score and consider how much you can afford to repay before applying.

Simplify your finances
Consolidate debts to a single loan, with one regular repayment, rate and set of fees.

Turn your plans into an itinerary and get to where you’ve always dreamt of going.

Secure the funds you need to help bring your grand designs to life.

Do something else
Whether it's your big day, school fees or a dream purchase, our Unsecured Personal Loan could help. 

The details

Fees that sometimes apply

Fee Amount
Prepayment fee (applies if you choose a term greater than 2 years and pay it out in less than 2 years. This fee is waived if you pay out your personal loan by re-financing to another Westpac personal loan). $175
Declined direct debit fee $9
Missed payment fee $9
Duplicate statement fee $2
Bank cheque fee $10
Information fee $10

Other fees and charges may be payable. Find out how you can minimise fees and charges on your loan.

Things you should know

Personal Loan Contract Terms and Conditions (PDF 127KB)

Personal Loan Protection Product Disclosure Statement (PDF 237KB)

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

*Discounted Rate offer: The standard Unsecured Personal Loan rate is 11.99% p.a. (comparison rate 13.15% p.a.). The discounted rate is available to existing Westpac Unsecured Personal Loan customers who have received correspondence with details of this offer, and who apply and are approved to refinance their existing Westpac Unsecured Personal Loan during the promotional period stated in the correspondence. This offer may be varied or withdrawn at any time. This offer is not available in conjunction with, or in addition to any other special offers, negotiated rates or discounts. Response time may vary based on your internet connection speed and other factors.

By choosing to refinance your existing unsecured personal loan, your original personal loan contract and personal loan protection insurance (if applicable) contract will be cancelled and you will receive a new contract.

^The comparison rate for the Westpac Unsecured Personal Loan is based on an unsecured loan of $30,000 over a term of 5 years. WARNING: This comparison rate applies only to the example or examples given and may not include all fees and charges. 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.

More about choosing your loan term

#Our Unsecured Personal Loans have a standard term of 1 to 7 years. If you choose a term greater than 2 years, 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.