Education Loans

If you’ve ever wanted to learn a useful skill or dabble in a whole new industry, an Education Loan from Westpac could allow you the opportunity to take the course you need to make this happen.

Our financing options could cover your education expenses that you may need assistance with, whether it’s for technology and equipment, text books or tuition fees.

Benefits at a glance: 

  • competitive variable interest rates from 13.95% to 18.95% p.a*
  • flexible loan repayment options – no penalty for paying it off early
  • if approved, your loan could be in your Westpac account the following day
  • get what you need now and pay us back up to five years later (or longer depending on your circumstances)
  • can apply to top up your loan at any time
  • borrow up to $50,000 unsecured (or maybe more depending on your circumstances)
  • have a set date when you could be debt free

Broaden your horizons, challenge your mind and reach your full potential by applying for an education loan with Westpac today.  

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

Manage your education loan well by calculating your repayments and know what you will have to pay beforehand.  

Personal loan calculator

What could a Personal 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.