Yes, that is one of the great features of a Westpac personal loan. There is absolutely no penalty or fee - providing you are not otherwise in default, if you'd like to:

  • Increase your regular payments
  • Pay a lump sum
  • Pay off the entire balance.

You can increase your regular payments to your personal loan via Westpac One® online banking, or you may be able to reduce your payments of your contracted amount (if you are currently paying or have paid a higher amount).

Either visit your local branch with suitable ID or just call us on 0800 177 277 (Monday to Friday, 8am to 6pm, or Saturday 9am to 3pm), or on +64 9 353 5848 if you're outside New Zealand (standard call charges will apply).