Personal Loans Interest Rates & Fees

We understand that everyone's finances are different, so our personal loan interest rates are tailored especially for you. 

We’ll consider things like your financial position and credit history to come up with a suitable rate and loan term that's specific to your needs.

Interest rates

With a Westpac Personal Loan:

  • competitive floating rates from as low as 13.95% p.a.*
  • flexible loan repayment options – no penalty for paying it off early
  • can apply to top up your loan at any time
  • have a set date when you could be debt free

School Leavers and graduates

If you meet the Tertiary, Career Starter or Graduate Pac criteria, you could apply for a personal loan with a special interest rate and reduced establishment fee.

Learn about our School Leaver and Graduate Pacs here.

Repayments & fees

Check how much your repayments could be

Before you apply for a personal loan, make sure your repayments are affordable and will work with your budget.

Personal loan calculator


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.