Calculate.

This calculator is a guide only, It does not take into account your personal financial situation.

The current interest rate for all Westpac personal loans is 10.95% p.a.¹

How it works.

Here’s an example: If you borrow $10,000 over 3 years at 10.95% p.a.¹; with a monthly repayment of $331, the total amount you’d need to repay would be $11,895 (including a $100 p.a. establishment fee).

Applying for a personal loan: You can apply to borrow up to $50,000 unsecured – or maybe more, depending on your circumstances. Our standard loan terms run from 6 months to 5 years, but if this is not suitable, talk to one of our lending specialists to see if we can help.

Once you have applied, we won’t leave you waiting around. We'll usually be in touch within 48 hours.

Things you should know.

This calculator is provided as a guide only. It does not take into account your personal financial situation or goals. You should make your own judgements, and seek independent legal and financial advice before committing to any loan agreements. The calculated figures are for illustrative purposes only and are based on the accuracy of the information entered. It does not constitute a quotation or offer of finance by Westpac.

¹Loan must be applied for and approved by 26 August 2021. Includes increases to existing loans. The Standard personal loan interest rate is 13.90% p.a. Interest rate subject to change without notice.

Westpac’s eligibility criteria, lending criteria, terms and conditions apply. An establishment fee of $100 may apply. You’ll need to be 18 or older and a New Zealand citizen or permanent resident. 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.

The Westpac personal loan interest rate (also known as the Annual Interest Rate) is a combination of a base rate and a margin. The Westpac standard personal loan interest rate of 13.90% p.a. is currently based on a Base rate of 14.00% less a margin of 0.10%. The Westpac special personal loan interest rate of 10.95% p.a. is currently based on a Base rate of 14.00% less a margin of 3.05%¹. Westpac may change the base rate or replace it with a new base rate from time to time.

Documents and fees.

Personal Loan Terms and Conditions

Sample of Personal Loan Summary

Transaction and Service Fees