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 Repayments & fees Benefits competitive interest rates starting from 13.95% 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 & fees 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 Fees Personal loans - Fees Fee type Fee amount Establishment and documentation fee $250 per loan Loan payment failed fee $25 per time 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.