Personal Loans

Whether it's attending a family wedding overseas, house renovations for a new arrival or perhaps time for a bigger family car, a personal loan could help fund almost anything.

With flexible terms, easy regular payments and an interest rate of 13.90% p.a. a Westpac personal loan could help you.

Applying for a personal loan

You can apply to borrow up to $50,000 unsecured – or maybe more, depending on your circumstances. Our standard loan terms run from 6 months to 5 years, but if this is not suitable, talk to one of our lending specialists to see if we can help.

Once you have applied, we won’t leave you waiting around. We can usually approve a loan within 48 hours (or less) and get the money into your account by the following business day.

Repayments and fees

We want to be upfront about what you will pay and why. Here’s what you need to know about our personal loan payments and fees:

Personal loans - Fees
Fee typeFee amount
Establishment and documentation fee
$100 per loan
Loan payment failed fee
$10 per failure 
Overdue payment
(You will be charged default interest in addition to the normal interest rate on any overdue balance until the overdue balance is paid.)
5% p.a.

 See what your repayments could be



Use our personal loan calculator to get an idea of how much you can borrow,  what your repayments would be and how long you would need to make them for. 

Work out a payment plan >

For example, if you borrow $10,000 over 3 years at 13.90% p.a.; with a monthly repayment of $345, the total amount you’d need to repay would be $12,409 (including a $100 establishment fee).

How to apply

Applying for a Westpac Personal Loan is easy - you can do it all online in a few minutes. 

  • Already a customer with Westpac One®?

    You can apply for a Personal Loan using Westpac One

    Apply in Westpac One
  • New to Westpac, or don't have Westpac One?

    If you're new to Westpac, or don't use Westpac One, you can apply for a Personal Loan online.

    Apply online 

Other ways to borrow

A personal loan might not always be the best way to go. Particularly if you only need the money in the short term and you are able to repay it quickly and in full. Here are a couple of alternative options to consider:

Overdrafts >

If you need a smaller amount of money for a short amount of time, an overdraft could be a good option. You can arrange a line of credit up to $2,000 (or more depending on your circumstances) that’s available as and when you need it. 

Credit card >

If you want the flexibility to make large purchases straight away and then quickly pay off the balance, our range of credit cards are another great alternative.