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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.
You can apply to borrow up to $50,000 unsecured – or maybe more, depending on your circumstances. Our standard loan terms run from 1 to 5 years, but if you’d prefer a different loan term, 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.
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 type||Fee amount|
|Establishment and documentation fee
||$100 per loan|
|Loan payment failed fee
||$10 per failure|
(You will be charged default interest in addition to the normal interest rate on any overdue balance until the overdue balance is paid.)
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).
Applying for a Westpac Personal Loan is easy - you can do it all online in a few minutes.
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:
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.
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.