Find a branch
Contact
Help
Westpac Debt Consolidation Loan.
Combine your debts into one simple loan with no upfront costs – just a clear path forward.
What is a personal loan for debt consolidation?
Managing credit cards, loans, hire purchases and other debts can be stressful. Different payment dates and interest rates make managing your money harder than it needs to be.
A Westpac debt consolidation loan lets you combine your debts into one simple loan with a single regular repayment. This gives you more control and peace of mind knowing exactly where you stand.
You pay no establishment or upfront fees on personal loans – so more of your money goes where it matters.1
Benefits of debt consolidation loans.
Find a branch
One simple payment
Combine all your debts into a single loan to help you manage them better and pay them off.
Flexible repayments
Choose a flexible loan term, with fortnightly or monthly repayments.
Borrow what you need
You could borrow up to $70,000 over 7 years.^
Repayment certainty
Knowing your loan duration gives you a clear repayment plan and an end date to become debt free.
Pay off faster, fee-free
Make extra or lump-sum repayments any time without penalties.
Access more when needed
Apply for additional funds at any time.
Debt consolidation interest rate.
If you do not pay amounts when they are due and this causes your loan account to exceed your limit, after 14 days the rate of interest that applies to that overlimit amount will be the interest rate + 5% p.a.
Call us or visit a branch to apply for loans over $50,000 or over 5 years.
No fees.
Fees are subject to change
Calculate your loan repayments.
Check your eligibility.
When you apply online for a debt consolidation loan, we’ll need some details to get a better understanding of your overall financial situation:
- Loan details: The amount, term and payments.
- Your details: We need to verify some of your personal details.
- Your income: Your income from all sources.
- Savings and assets: Any savings and assets you have.
- Debts: Any debts you have, including any loans and credit cards.
- Expenses: Expenses like fixed commitments and any essential and necessary recurring expenses.
FAQs.
Things you should know.
The Westpac personal loan interest rate (also known as the annual interest rate) is a combination of a personal loan rate/personal lending rate/personal loan base rate and a margin. The Westpac standard personal loan interest rate of 13.90% p.a. is currently based on a personal loan rate/personal lending rate/personal loan base rate of 14% p.a. less a margin of 0.10% p.a. Westpac may change the personal loan rate/personal lending rate/personal loan base rate, or replace it with a new personal loan rate/personal lending rate/personal loan base rate and/or change the margin from time to time.
*Special rate applies to loans applied for and approved between 19 January-30 April 2026 and settled by 7 May 2026. Westpac reserves the right to withdraw the offer at any time.
^Call us or visit a branch to apply for loans over $50,000 or a loan term over 5 years.
1 Fees are subject to change.
Eligibility criteria, lending criteria, terms and conditions apply. You'll need to be 18 or older and a New Zealand citizen or permanent resident with a Westpac transaction account. If you’re not a New Zealand citizen or permanent resident but you’re working in New Zealand, or you don’t meet the other criteria, we still may be able to help.