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Why choose a Westpac Unsecured Personal Loan?

  • Plan ahead with a flexible loan term of between 1 and 7 years.
  • Apply for between $4,000 and $50,000 (conditions apply).
  • Choose a repayment frequency to suit when you get paid - weekly, fortnightly or monthly.
  • You could access your funds in a Westpac bank account within 60 minutes of final approval, 24/7. ^

Get closer to your goals with a special offer

We’re offering you a special discounted fixed interest rate on new Westpac Unsecured Personal Loans.

1.5% p.a. discount *

Off the current advertised rate of 12.99% p.a., bringing the rate to 11.49% p.a.

(comparison rate 12.28% p.a.#


$0 establishment fee*

Saving you $250

Apply online or mention the special offer code WHC when applying over the phone or in branch.

How could you use this loan?

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.

Optional 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 237KB). Please read the detail before deciding.

How do I know if I'm eligible?

To be eligible to apply, you must:

  • Be aged 18 years or over
  • Have regular permanent income
  • Be a permanent resident of Australia or,
  • Hold an acceptable visa (PDF 38KB) and have confirmed employment in Australia, if you're a non-resident.


If you’re ready to apply or want to find out whether you hold an acceptable migrant visa (PDF 38KB), call our Personal Lending Centre on 1300 720 697.

This loan is for personal purposes.  If you’d like to learn more about our business loans, call Westpac Business on 132 142 (8am-8pm, Mon-Fri).

What information do I need to provide?

Please review our Identification Checklist for Individual Customers (PDF 768KB) before applying.

You will need to provide details of your current financial situation, including your:

  • Current employer’s name, address and phone number
  • Recent tax information, if you're self-employed
  • Weekly after-tax income for each person applying for the loan
  • Asset, savings and investment details
  • Other debts, such as credit cards, store accounts, etc.
  • Everyday expense details.


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

How can I apply?


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 and quote the offer code WHC. Call 132 651 (8am - 8pm, 7 days a week).

In person

Apply at your nearest branch. Don’t forget to mention the offer code WHC when you speak to our bankers.

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.

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.

Access to funds within 60 minutes

*1.5% p.a. interest rate discount + $0 Establishment fee offer: Information correct as at 23 July 2018. Offer is only available to a customer who has received a direct communication about this offer, who applies and is approved for a new fixed rate Westpac Unsecured Personal Loan via the 'Apply online' application link on this webpage, by calling 1300 720 697, or by visiting a branch, and quoting the special offer code “WHC”. Eligible customers will receive the special offer interest rate of 11.49% p.a. (comparison rate 12.28% p.a.#) on fixed rate Westpac Unsecured Personal Loans, which represents a 1.50% p.a. discount on the current advertised rate of 12.99% p.a. (comparison rate 14.14% p.a.#), plus an establishment fee waiver, currently representing a saving of $250. Offer is open to single applicants only. Joint applications are excluded from this offer. This offer cannot be used in conjunction with any other offer and may be varied or withdrawn at any time. All other fees outlined on and in the terms and conditions apply. Interest rates are subject to change. Read the product disclosure documents as well as the Terms and Conditions before making a decision and consider whether the product is appropriate for you. If you need help, call 1300 720 697.  

# Comparison rate information: The comparison rate is provided as an example based on a $30,000 Unsecured Personal Loan over a 5 year term. WARNING: This comparison rate applies only to the example given and may not include all fees and charges. Different amounts and terms will result in different comparison rates. Costs such as 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.

Westpac personal loans are part of the Westpac group, including St.George, Bank of Melbourne, BankSA and Westpac.

^Access to funds within 60 minutes: Access to Unsecured Personal Loan funds within 60 minutes from final approval is only available for existing Westpac customers, who apply as a single applicant online, with funds being disbursed into their own Westpac account.

>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.

© 2018 Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714.