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Interest rates & fees
Our personal loan interest rates are really competitive and with no early repayment penalties, there's really nothing stopping you!
Rates are floating so may change during the term of your loan. If they do we will let you know how much more or less your repayments will be.
Interest rates for your personal loan
Here's a summary of our current rates and fees as at 13 December 2013. All rates are subject to change without notice.
|Personal loans - Interest rates|
|Existing Westpac customers Any customer who has been with Westpac for more than 3 months||up to 17.95% p.a.|
|New customers, $10,000 and over
||up to 17.95% p.a.
|New customers, less than $10,000
||up to 18.95% p.a.
||up to 16.25% p.a.
|Graduate Loan Subject to <a href="http://www.westpac.co.nz/money-packs/tailored-packs/students-and-grads/">Graduate Pac</a> criteria||14.00% p.a.
Fees for your personal loan
|Personal loans - Fees|
|Fee type||Fee amount|
|Establishment and documentation fee
||$250 per loan|
|Loan payment failed fee
||$25 per time|