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The important numbers

Borrow: $4,000 to $50,000
Interest rate range:  7.99% - 20.49% p.a fixed
Comparison rate range: 9.18% - 21.61% p.a.^
Loan term: 1-7 years
Lending establishment fee: $250##
Monthly loan account fee: $12 

What you'll get

  • Funds for a range of personal uses e.g. buying a car, travel, debt consolidation or home improvements

  • No need to offer your car as security

  • A structured repayment schedule with a fixed interest rate and defined end date

  • Fast answer on conditional approval

  • Get your funds quickly after final approval*.


  • If you’re buying a car that’s less than 7 years old and are willing to offer it as security, our Car Loan could offer a lower interest rate^^

  • If you choose a loan term of more than two years, and fully repay that loan in less than two years, you’ll be charged a $175 prepayment (or early repayment) fee. Unless you’re refinancing the loan with another Westpac personal loan

  • Other fees and charges may apply#.

Check you're eligible

Regular income

A regular, verifiable Australian taxable income from the same source for at least 3 months (18 months for self-employed)

Regular payments

You're up-to-date with your regular payments (rent, phone, credit cards or afterpay etc.)

Expenses covered

Make sure you can cover your expenses, as well as your Personal Loan repayments.

Other eligibility criteria

  • You're aged 18 or over
  • You're an Australian citizen or permanent resident
  • You have a fixed residential address in Australia
  • You have an eligible Australian bank account.

Before continuing

A final check that this is the right credit option for you. Personal loans can be a good way to secure a lump sum of money for a specific need. However, there are instances where it’s worth considering another form of credit:

  • You need a payment tool to access funds for everyday purchases on an ongoing basis. In this case, view our Credit Cards

  • You need ongoing help with short-term cashflow (and if applying online, already have a Westpac Home Loan, or paid your income into one of our transaction or savings accounts for over six months). In this case, view our Flexi Loan

  • You’re doing home renovations that will cost more than $50,000. In this case look at increasing your home loan, or a construction option.

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 1 November 2023.

##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.)

#Other fees and charges may apply. Refer to Personal Loans for details.

*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.

^^To qualify for a Car Loan, applicant must meet all credit criteria and the car offered as security must meet all criteria - either new or if used, cannot be older than 7 years at time of application, registered under the applicant's name, has been made locally or imported by the manufacturer, has never been written off (even if it was repaired), has a paid, fully comprehensive insurance policy with Westpac noted as the financier and is for personal use only. The loan amount may exceed the vehicle’s market value, as reported by Redbook, to cover the purchase price of the vehicle and other expenses. If you're using a Westpac Car Loan to buy an electric or hybrid car, check our list of eligible vehicles. (PDF 1MB)

Credit provided by Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714.