Westpac
Personal Loan
Westpac Personal Loan
Personal loans from $4,000 to $50,000 with fixed or variable rate options from Westpac.
Apply for Personal Loan
Comparison rate: 9.72% p.a.
- Choice of fixed or variable rates
- Trusted Big 4 Australian bank
- Full-featured mobile app and online banking
- In-branch support nationwide
Rates and fees may vary based on your profile
Rate from
7.99% p.a.
Comparison rate
9.72% p.a.
Loan amount
$4,000 - $50,000
Loan term
12 - 84 mo
Establishment fee
Establishment fee: $250. Monthly fee: $12. Early repayment fee: may apply on variable rate.
Monthly fee
$0
About Westpac
Westpac Banking Corporation is Australia's oldest bank, founded in 1817. As one of the Big 4 banks, Westpac offers comprehensive personal banking services including personal loans, home loans, and credit cards.
Repayment Calculator
Estimate your monthly repayments for a Personal Loan loan. Adjust the sliders to see how different amounts, terms and rates affect your repayments.
Adjust your loan details
Estimated monthly repayment
per month
Indicative only. Excludes establishment and ongoing fees.
Pros & Cons
What we like
- Existing Westpac customers
- Borrowers wanting rate type flexibility
- Those valuing in-branch support
Watch out for
- Fee-conscious borrowers
- Those seeking the lowest online-only rates
Eligibility Requirements
To apply for a Personal Loan loan, you will typically need to meet the following criteria. Requirements may vary depending on your individual circumstances.
Documents you will typically need
- Recent payslips (last 2-3)
- Bank statements (last 90 days)
- Photo ID (driver licence or passport)
- Proof of address (utility bill or lease)
Some lenders may request additional documentation depending on your employment type and loan amount.
How to Apply
Getting started with Personal Loan is straightforward. Follow these steps to submit your application.
Estimate Repayments
Use Westpac's online calculator to estimate your loan repayments.
Apply
Apply online, in-branch, or by calling Westpac.
Get Your Funds
Once approved, your loan funds are deposited into your Westpac account.
Estimate Repayments
Use Westpac's online calculator to estimate your loan repayments.
Apply
Apply online, in-branch, or by calling Westpac.
Get Your Funds
Once approved, your loan funds are deposited into your Westpac account.
Frequently Asked Questions
Common questions about Personal Loan
Westpac offers fixed rates from 7.99% p.a. and variable rates. Your actual rate depends on your individual circumstances.
Westpac charges a $12 monthly loan service fee on personal loans.
Yes, Westpac offers both fixed and variable rate personal loans so you can choose the option that suits you best.
Ready to apply?
Check your eligibility for Personal Loan today. The application takes just a few minutes.
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