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  • Borrow between $4,000 and $50,000 for a range of personal uses (conditions apply)
  • A fixed interest rate of 12.99%% p.a. (comparison rate of 14.01%% p.a.) available for new loans only
  • Terms between 1 to 7 years
  • $250 establishment fee
  • $10 monthly service fee (other fees may apply).


Loan Annual rate Comparison rate
Unsecured personal loan 12.99% p.a. 14.01% p.a.

Fees and charges

Fee Amount
Establishment fee (added to your loan amount) $250
Monthly service fee $10
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

Other fees and charges may be payable. Full Terms and Conditions are available on request. These may be varied or new Terms and Conditions introduced in the future.

Optional Westpac Personal Loan Protection insurance

What happens if you suddenly lose your job or become unfit for work through illness or injury? Financial commitments continue even if your income doesn’t. That’s where Westpac Personal Loan Protection can help.

Depending on individual circumstances, it can cover personal loan repayments until you recover and get back to work. It also helps cover repayments in the event of your death..

Premiums are included as part of the amount you borrow and so are covered in your personal loan repayments.

  • You can apply for Westpac Personal Loan Protection when you apply for your Unsecured Personal Loan.

Conditions, limits and exclusions apply. These are explained in the policy wording Personal Loan Protection Product Disclosure Statement (PDF 126KB). Please read the detail before deciding.

Westpac Unsecured Personal Loan - eligibility

  • Aged 18 years or over
  • Have regular permanent income
  • You need to be a permanent resident of Australia or,
  • Non-residents: need to hold an acceptable visa (PDF 181KB) and have confirmed employment in Australia.

To find out whether your Visa qualifies you and to apply for a Personal Loan under an acceptable migrant visa (PDF 181KB), please call our Personal Lending Centre on 1300 720 697 to discuss.

What information do I need to provide?

If you’re already a Westpac customer, check that the details we have on record are up to date before proceeding. You can confirm by calling 132 032 or in Westpac Online Banking. Allow 24 hours for records to update.

Ways to apply?

  • Online - usually takes less than 10 minutes.
  • Over the phone by calling 1300 720 697 (8am-8pm, 7 days a week).
    We give conditional approval immediately and a final decision as soon as we receive all required information.
  • In person - at your nearest branch.

What happens after you’ve applied?

After you apply, you will be notified if your application has been approved or not within 2 business days. We may need to contact you to provide further information. Your contract will either be emailed or posted to your address. Once we receive your signed contract you can arrange for either the funds to be transferred to an existing account or a bank cheque.

Please note:

This loan must be mainly for personal use. To find out more about business loans, call Westpac Business on 132 142 (8am-8pm, Mon-Fri).

Things you should know

Personal Loan Protection Product Disclosure Statement (PDF 126KB)

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

Comparison rate information

The comparison rate of 14.01% p.a. is based on an Unsecured Personal Loan with a loan amount of $30,000 and a term of 5 years. WARNING: This comparison rate applies only to the example or examples given. 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.

If you would prefer to receive your contracts in the post (which can take up to 10 business days), please apply via our Personal Lending Centre on 132 651 (8am-8pm, 7 days a week) from anywhere in Australia. Documents sent via post can take 5-10 days.

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.

More about Personal Loan Protection

Personal Loan Protection is issued by the insurers who are Westpac General Insurance Limited ABN 99 003 719 319 (WGIL) and Westpac Life Insurance Services Limited ABN 31 003 149 157 (WLIS) each of which is liable for separate risks under the terms of the policy. This insurance product is distributed by Westpac Banking Corporation ABN 33 007 457 141 (the Bank). The policy is not an investment in or deposit with the Bank. No Westpac Group company (other than the Bank as policy distributor and WGIL and WLIS as the product issuers) has any liability in connection with the policy or this document. The Bank does not guarantee payments under the policy.