Can I pay off my personal loan early?
Yes, that is one of the great features of a Westpac personal loan. There is 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 the payment amount (if you are currently paying more than the scheduled minimum payment).
Either visit your local branch with suitable ID or just call us on 0800 177 277 weekdays, 8am to 6pm, or 9am to 3pm Saturdays, or on +64 9 353 5848 if you're outside New Zealand (standard call charges will apply).