Debt Consolidation Loan

If thinking about managing and repaying multiple credit cards, store cards, hire purchases or loans is keeping you up at night, we could help.

With a personal loan from Westpac, your debts are combined into one manageable loan that can save you from multiple interest repayments. Find out more about debt consolidation here.

Our interest rates start from as low as 13.95%* The interest rate offered could be different depending on your financial situation, up to 18.95% p.a.

Benefits at a glance:

  • apply online - it's easy
  • pay one interest rate that could be lower than what you're currently paying
  • make one fortnightly or monthly payment
  • choose from flexible personal loan terms from 1-5 years
  • flexibility to make extra repayments at any time without penalty
  • have a set date where you could be debt free

Enjoy the freedom of having your finances sorted. It's time.

Repayments and fees

Personal loans - Fees
Fee typeFee amount
Establishment and documentation fee
$100 per loan
Loan payment failed fee
$10 per time

Check how much your repayments could be

Use our repayments calculator to see how much you could borrow for your new boat and how much your repayments could be.

Personal loan calculator

What could a Debt Consolidation Loan cost?

A Westpac Personal Loan of $10,000 over 3 years at 13.95% p.a. would equate to a total amount payable of $12,418 (including a $100 establishment fee).

Overdue payments

For any overdue balance, you will be charged an additional 5% p.a. in default interest until this balance has been paid off.