Personal loan for travel & holidays
If you're dreaming of your next big getaway, our Unsecured Personal Loan for travel and holidays could have you packing your bags sooner.
Why choose a Westpac Unsecured Personal Loan for travel?
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. *
Get a personalised rate
We give you a personalised rate and estimated repayments based on your credit score and the loan details you provide to us.
Get your personalised rate and an estimate of your repayments for a Car Loan or Unsecured Personal Loan by answering a few questions. If you already bank with us, sign in to save time.
Repayment calculator
This calculator helps you estimate how much your personal loan repayments could be.**
Travel loan FAQs
A travel loan is usually an unsecured personal loan that’s used for larger travel or holiday costs like flights and accommodation, or travel-specific equipment. Because it’s an ‘unsecured’ loan, applying’s quicker as you don’t have to offer an asset like your car as loan security.
You apply for the amount you need and choose a repayment term that suits your budget. With our loan you can be confident the rate and repayments won’t go up, as the rate’s fixed.
If approved, the money’s sent as a lump sum to your account for you to spend as needed. From there you’ll start making weekly, fortnightly or monthly repayments – choosing the frequency that works with your pay cycle. You can automate your repayments too, so you don’t even need to think about them.
An alternate travel loan option is a line of credit – such as our Flexi Loan. Rather than receiving a lump sum amount for the full amount up-front, you withdraw what you need at that time – up to your available approved credit limit – and only pay interest on the funds you’ve used and haven’t yet repaid. This could work to your advantage for longer trips, using the loan as a ready pool of funds you can access when you need to. Visit our Flexi Loan page for more information.
With Westpac you can apply online for a travel loan. So there’s no reason you couldn’t apply while you’re on a trip – as long as you’re able to supply all the documentation required.
You’d still need to meet all our eligibility criteria – including being able to show you’re currently earning an Australian taxable income, and permanently reside in Australia.
A holiday loan is essentially another term for a travel loan – the difference being how the individual describes their trip. For instance, some people would describe a cruise or a stay in a resort as a holiday, versus a trip to see overseas relatives as travel. Both might involve significant up-front costs, which is where a personal loan could help.
If you’re thinking of using our Unsecured Personal Loan as your travel loan, a good place to start is to find out what your personalised interest rate and repayments would be with our Get my rate tool.
It only take 2 minutes (5 if you’re not yet with Westpac), doesn’t impact your credit score and you’ll get rate and repayment certainty up-front. And if you like what you see, you can continue with your application straight away.
You’ll get an answer within 60 seconds of submitting your application. If we need further details, such as income or ID verification, we’ll email you straight away outlining what’s required. Once all the requirements have been satisfied and you have full approval, you can accept the contract online and funds will be sent to your account within the hour*.
Ideally this would never happen. However, if you’re overseas and have used all your cash, savings and lines of credit, and can’t get someone to send you funds through a transfer, the best suggestion would be to contact your nearest embassy.
It’s not unusual for people to max out their credit cards while traveling. If that sounds like you, and now you’re back, you may be looking for a structured way to make the repayments. Consolidating multiple debts (including credit cards) with an Unsecured Personal Loan is one option. A single personal loan provides simplicity and control with just one regular repayment to make – saving on time, multiple account fees and ideally the interest rate too. It’s worth doing the sums first to see which option works best for your budget.
Choose our Unsecured Personal Loan as your travel loan and online application will take around 10 minutes for existing customers (15-20 if you’re not yet with us). And you’ll get an answer within 60 seconds of submitting it.
That answer will determine how quickly you can get final approval – and the funds.
If we don’t need to verify any information in your application, you could get full approval that same day.
If we do need to verify, we’ll send an email straight away outlining what’s needed. The good news is you can provide most of the verification details (apart from ID verification), online to speed things up.
Once an application’s approved, all you’d need to do is accept your online contract and funds will be sent within the hour*.
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#).
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 |
$250## |
| Monthly loan account fee | $12 |
Other fees and charges may be payable.
Fees that may 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 |
| Missed payment fee | $15 |
| Bank cheque fee | $10 |
Other fees and charges may be payable.
How can I apply?
Online
Apply online in less than 10 minutes. You can use any device and return to complete your application within 14 days.
Over the phone
Apply over the phone by calling 132 651 (8am - 8pm, 7 days a week).
In person
Apply at your nearest branch.
What happens after I apply?
- You can track the status of your loan application with our Online Status Tracker.
- If we require further information to progress your application, we will contact you via phone or email.
- If conditionally approved you may need to email documents to us for verification.
- Once documentation is received and verified, you will be sent an email within 2 business days to view your contract and accept online. Note: Non-Westpac customers will be required to come into a branch to be identified after accepting their contract.
- Tell us which account you would like the funds to be sent to. Allow 1 business day for the funds to be transferred to a Westpac account and up to 3 business days for a non-Westpac account.
Before you apply
Follow this section to improve the likelihood your application is approved.
- You're aged 18 or over
- You're an Australian or New Zealand citizen OR;
- You have permanent residency in Australia and hold an acceptable visa (PDF 489KB) OR;
- You’re a non-resident or migrant and hold an acceptable visa (PDF 489KB), with a minimum 1 year before expiry
- You have a regular, verifiable Australian taxable income
- You have a fixed, verifiable residential address in Australia.
You'll be assessed on your ability to repay the money you borrow. Three things you can do to help:
- Make sure you’re meeting your current repayment obligations for
- other credit cards or loans (including lenders such as Afterpay and Zip Pay)
- rent as well as utilities such as your phone, internet and electricity.
- Check the details on your credit report are correct before applying. Head to CreditSmart.org.au and follow the links to a free credit report. More about credit reports.
- Don't make multiple applications (with us or any other lender). Every application is listed as an enquiry on your credit report. Too many can be seen as a red flag and reduce your chances of approval.
Make sure you have everything in the list below:
- Proof of identity including at least two of the following:
- Australian driver licence
- Medicare card
- Passport
- Australian birth certificate
- NSW photo card.
- Current debts in your name (e.g. home loan, personal loans, other credit or store cards as well as instalment purchases such as Afterpay and Zip Pay)
- Proof of income. If your pay doesn’t already go into a Westpac account, you’ll need to show at least one of the following:
- Two most recent consecutive payslips from your main employer that are less than 60 days old
- A Government Authority statement from the last two months confirming your pension or allowance
- Rental income proof covering the last three months
- Self-employed? You’ll need to show you’ve been in business for at least 18 months, the last two months’ business bank statements and last year’s Notice of Assessment.
- All your regular monthly expenses (including phone bills, insurances etc.)
- If you’re a tax resident of another country, you’ll need your foreign tax identification number.
If you're already a Westpac customer, you'll also need to:
- Sign into online banking to double-check your personal details (name, address etc) are up-to-date
- Apply as an existing customer in the application form
- We will have answered some of the basic questions such as personal details (name, address etc) on your application for you. Check that they’re correct.
Additional eligibility criteria or documentation may be required.
Help when you need it
Handy articles and guides
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 5 March 2025.
##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.