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Great personal loan options

Great Personal Loan Options

There are a whole lot of reasons why you might need extra funds. We’ve a range of great Personal Loan options that may suit your needs.  Use our selector to help you choose the most effective option for you.

Think about:

  • how much you need
  • how soon you’ll be able to repay what you borrow
  • the interest rates and fees
  • how much flexibility you need your loan to have (do you need the certainty of knowing how much you’ll need to pay each month or would you like a more flexible repayment option)

Explore our Personal Loan options

Flexi Loan

A Westpac Flexi Loan is, as the name suggests, our most flexible loan.  It could allow you to access funds between $4,000 - $75,000 and has a variable interest rate.

Rather than having a Personal Loan for a single purpose where you draw down all your loan funds at the one time, a Westpac Flexi loan can be used for multiple purposes at different stages of your life.  Once your loan is approved, it allows you to make multiple withdrawals up to your available credit limit at any time without the need to re-apply.

It also offers flexible rather than single fixed repayment options.

Learn more about Flexi Loan

Car Loan

With our Car Loan you could borrow between $10,000 and $100,000 for a new or used car. The car is used as security for the loan which means you get a lower interest rate then an Unsecured Personal Loan.  Our car loan has a fixed interest rate that offers you the certainty of knowing how much your repayments will be each month.  A Westpac Car Loan can be taken over a term between 1 and 7 years.

Learn more about Car Loan

Unsecured Personal loans

With an Unsecured Personal Loan, your assets are not used as security, so the amount you are able to borrow and the interest rate differs from a Car Loan.

Unsecured loan amounts range from $4,000 to $50,000 and the loan term  is also 1-7 years. It has a fixed interest rate to give you certainty of knowing how much your repayments will be each month.

Learn more about Unsecured Personal Loan


An Overdraft on an eligible account may be a great option to consider. You’ll find the interest rate is typically lower than on a credit card. You do need, however,  to remain within your credit limit to avoid extra fees and charges.

If you want to have an ongoing buffer on your account, a personal overdraft acts as a line of credit to help you cover the unexpected.

If you need extra cash for a short period only, a Temporary Overdraft lets you borrow for up to 45 days.

Learn more about Personal Overdrafts

Learn more about Temporary Overdrafts

Things you should know

Credit criteria, conditions and fees apply to these loan products and are available on request. They differ between products.