Personal loan repayment insurance
If you have a personal loan with Westpac, Westpac Loan Cover could remove some of the worry for you – helping you to meet your loan repayments in the event of an injury or illness (where you can't work), involuntary redundancy and bankruptcy or death.
- peace of mind, should the unexpected happen and you lose your income, Westpac Loan Cover can help reduce some of the financial burden on you and your family from your personal loan repayments;
- a simple one-off payment to meet the cost of cover which can be added to your personal loan. If exercising this option, additional interest will be charged to your loan;
- flexibility to apply for Westpac Loan Cover when you take out or restructure your personal loan;
- the ability to cancel your policy at any time. If this occurs a rebate of premium may be paid to you.